Mortgage Rates Archives

Stock market today: Nasdaq edges back from its record as chip companies and Eli Lilly slump

NEW YORK (AP) — U.S. stock indexes edged lower after drops for Eli Lilly and chip companies overshadowed a jump for Google’s parent company. The S&P 500 slipped 0.3% Wednesday. The Dow Jones Industrial Average fell 0.2%, and the Nasdaq composite lost 0.6% from its record set the day before. Eli Lilly sank on concerns about two of its blockbuster drugs, while chip stocks struggled after Advanced Micro Devices gave a forecast for upcoming revenue that investors found disappointing. Treasury yields rose in the bond market following the latest reports on a U.S. economy that’s remaining more resilient than feared.… Continue Reading

Stock market today: Rising tech stocks send Nasdaq to a record as most of Wall Street stumbles

NEW YORK (AP) — Rising technology stocks sent the Nasdaq composite to a record, but trading was mixed along the rest of Wall Street. The S&P 500 rose 0.2% Tuesday, even though the majority of stocks in the index fell. Gains for Microsoft, Meta Platforms and other influential Big Tech stocks helped mask weakness elsewhere, and they pushed the Nasdaq up 0.8% to top its record set in July. The Dow Jones Industrial Average, meanwhile, fell 0.4%. Homebuilders and Ford Motor dropped to some of the market’s sharpest losses following the latest profit reports. Treasury yields eased in the bond market.… Continue Reading