Wall Street Falls as Bond Yields Rise; Maccas, cola slip
U.S. stocks opened lower as investors were nervous about the impact of rising bond yields and poor results for McDonald's and Coca-Cola.
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Wall Street is mixed as tech stocks fall and banks rise
The Dow regained some lost ground, although the S&P 500 and Nasdaq stumbled, dragged down by declines in mega-cap technology stocks, while the broader market benefited from positive quarterly results from banks, particularly Morgan Stanley. Morgan Stanley rose 6.7 percent, joining rivals such as JPMorgan Chase, which reported strong profits following a sharp rise in … Read more
Wall Street is mixed as investors evaluate earnings
The S&P 500 and Nasdaq rose slightly while the Dow fell. The benchmark index hovered near record highs as investors analyzed mixed quarterly results from companies including UnitedHealth and Bank of America. In early trading Tuesday, the Dow Jones Industrial Average fell 222.22 points, or 0.52 percent, to 42,843.00, the S&P 500 gained 4.97 points, … Read more
Wall Street is faltering due to rising yields and geopolitical risks
US stocks opened lower on rising Treasury yields and rising tensions in the Middle East.
Wall Street opens mixed after US economic data
Major Wall Street indexes are mixed after data showed strong services activity in the world's largest economy as cautious investors awaited an escalation in the Middle East conflict. The benchmark S&P 500 pared losses after the Institute for Supply Management survey showed activity in the services sector, which makes up the bulk of the U.S. … Read more
Wall Street slides after rally triggered by interest rate cuts
Wall Street's major indices fell as investors held back after a rally in the previous trading session sparked by an excessive rate cut by the U.S. Federal Reserve. The S&P 500 and Dow were near record highs and were on track for weekly gains of over one percent, as was the tech-heavy Nasdaq.
Wall Street cautious as hot producer price index suggests smaller rate cut
There was little change on Wall Street after positive producer price data kept the possibility of a smaller 25 basis point interest rate cut by the US Federal Reserve on the table, while shares in vaccine maker Moderna slumped following a pessimistic sales forecast. The producer price index (PPI) for final demand rose 0.2 percent … Read more
Wall Street down after mixed labor market data
US stocks opened with losses, and a key jobs report did little to dispel the unrest surrounding the expected Fed rate cut.
Wall Street gains after strong US growth data
Wall Street's major indexes rose as investors were relieved after data showed the U.S. economy remained robust, while Nvidia slipped as its largely on-track forecast failed to beat high expectations for the AI chip maker. According to a Commerce Department report, the U.S. economy grew faster than previously estimated amid strong consumer spending.
Wall Street closes higher as Fed minutes reiterate rate cut hopes
All three major U.S. stock indices closed slightly higher on a day that supported expectations of a rate cut in September.