Financial Markets Archives

Stock market today: Wall Street edges back from its records

NEW YORK (AP) — U.S. stocks edged back from their record highs. The S&P 500 slipped 0.2% Thursday, and the Dow Jones Industrial Average fell 0.1% after likewise setting an all-time high the day before. The Nasdaq composite edged down by 0.1%. In the bond market, Treasury yields swung after a pair of disappointing reports showed inflation failed to improve as much as expected last month and more workers filed for unemployment benefits last week. They left investors questioning how much the Federal Reserve will cut interest rates by at its next meeting. Crude oil prices rose to regain their losses from early in the week.… Continue Reading

Stock market today: Wall Street sets more records after Shanghai’s worst drop since early COVID

NEW YORK (AP) — U.S. stocks rose to records after the latest wild swerves for Chinese stocks left few ripples in markets worldwide. The S&P 500 climbed 0.7% Wednesday to top the all-time high it set last week. The Dow Jones Industrial Average rallied 431 points to hit its own record, and the Nasdaq composite gained 0.6%. The relatively calm movements on Wall Street followed another manic day in China. Stocks in Shanghai tumbled to their worst loss since February 2020 amid disappointment that the government is not offering more stimulus for the world’s second-largest economy. Oil prices eased, and Treasury yields rose.… Continue Reading

Stock market today: Wall Street rebounds after Hong Kong stocks fall to worst day since 2008

NEW YORK (AP) — U.S. stocks rebounded after falling oil prices released some of the pressure that built up on the market. The S&P 500 rose 1% Tuesday and clawed back all of its loss from the day before. The Dow Jones Industrial Average added 0.3%, while the Nasdaq composite climbed 1.4% as Big Tech stocks led the way. Wall Street held firm even though stock markets around the world sank following scary swings in China, as euphoria about possible stimulus for the world’s second-largest economy gave way to disappointment. Stocks in Hong Kong tumbled to their worst day since 2008.… Continue Reading

Stock market today: Wall Street slides after Treasury yields climb back above 4% and oil rises

NEW YORK (AP) — U.S. stocks slid after Treasury yields hit their highest levels since the summer and oil prices continued to climb. The S&P 500 fell 1% Monday, though it’s still close to its all-time high set a week ago. The Dow Jones Industrial Average dropped 0.9% from its record set on Friday. The Nasdaq composite lost 1.2%. Stocks felt pressure from jumping Treasury yields, as traders ratchet back forecasts for how deeply the Federal Reserve will cut its main interest rates following Friday’s blowout jobs report. Crude oil prices added to their big gains from the prior week.… Continue Reading

Wall Street retreats from records and oil prices jump after Iran’s missile attack on Israel

NEW YORK (AP) — U.S. stocks are retreating from their records as worries worsen about the escalating violence in the Middle East. The S&P 500 was down 1.2% in afternoon trading Tuesday, a day after setting an all-time high for the 43rd time this year. The Dow Jones Industrial Average was down 259 points, or 0.6%, after coming off its own record. The Nasdaq composite fell 2%. Oil prices jumped as Iran launched missiles at Israel, worsening tensions that investors worry could lead to disruptions in the flow of crude from the region. Treasury yields fell following an encouraging update on inflation in Europe.… Continue Reading

Stock market today: Wall Street ticks to another record as stocks worldwide rally

NEW YORK (AP) — U.S. stocks rose to another record as financial markets around the world rallied again. The S&P 500 added 0.4% Thursday to set an all-time high for the third time this week. The Dow Jones Industrial Average gained 0.6%, and the Nasdaq composite rose 0.6%. Micron Technology led the way after the maker of computer memory and storage delivered stronger profit for the latest quarter than analysts expected. That helped offset drops for oil-and-gas companies, which sank as the price of crude tumbled. Stock markets overseas climbed on hopes for additional stimulus from China for the world’s second-largest economy.… Continue Reading

Stock market today: Wall Street edges back from its record highs

NEW YORK (AP) — U.S. stocks edged back from their records as financial markets around the world took a pause following big recent moves. The S&P 500 fell 0.2% Wednesday, a day after setting its latest all-time high. The Dow Jones Industrial Average lost 0.7%, and the Nasdaq composite edged up by less than 0.1%. Treasury yields ticked higher in the bond market after sinking the day before on a surprisingly weak update on consumer confidence. Chinese stocks rose again after soaring Tuesday on excitement about new stimulus measures, but they pared their gains through the day. Oil prices gave back gains.… Continue Reading

Stock market today: Wall Street drifts to more records after Chinese stocks soar

NEW YORK (AP) — U.S. stocks are hanging near their records after Chinese stocks soared following a slew of moves by the Chinese central bank to prop up the world’s second-largest economy. The S&P 500 rose 0.2% in midday trading Tuesday, a day after setting a record for the 40th time this year. The Dow Jones Industrial Average rose 46 points and was likewise coming off a record. The Nasdaq composite gained 0.6%. Treasury yields erased earlier gains following a weaker-than-expected data on U.S. consumer confidence. Prices for commodities rallied following China’s moves to support its flagging economy.… Continue Reading

Stock market today: Wall Street drifts higher to set more records

NEW YORK (AP) — U.S. stock indexes reached new heights after drifting higher in a quiet day of trading. The S&P 500 rose 0.3% Monday to edge past its record set on Thursday. The Dow Jones Industrial Average added 0.1% to its own all-time high set on Friday, and the Nasdaq composite gained 0.1%. Tesla helped drive the market and eliminated the last of its formerly sharp loss for the year so far. Treasury yields held relatively steady after a report suggested U.S. services businesses are continuing to grow, though manufacturing is continuing to shrink. Stock markets in Europe and Asia were mostly steady amid similarly modest movements.… Continue Reading

Stock market today: Wall Street closes its record-setting week mixed as FedEx slumps and Nike jumps

NEW YORK (AP) — U.S. stocks drifted around their all-time highs, as a record-setting week for Wall Street closed on a quieter note. The S&P 500 edged down by 0.2% from its record on Friday, and the Nasdaq composite fell 0.4%. The Dow Jones Industrial Average, meanwhile, added 38 points, or 0.1%, to its all-time high set on Thursday. FedEx dragged on the market after its profit and revenue for the latest quarter fell short of analysts’ expectations. Nike helped limit the market’s losses and jumped after naming a new chief executive officer. Treasury yields ticked higher.… Continue Reading