Stock Market Archives - Page 5 of 9

Tech stocks tumble as a Chinese competitor threatens to upend the AI industry; Nvidia down 16%

NEW YORK (AP) — Wall Street’s superstars are tumbling as a competitor from China threatens to upend the artificial-intelligence frenzy they’ve been feasting on. The S&P 500 fell 1.7% Monday. Big Tech stocks took some of the heaviest losses, with Nvidia down 16%, and they dragged the Nasdaq composite down 3.2%. Stocks outside of AI-related industries held up much better, though, and the Dow Jones Industrial Average was up 137 points. A Chinese company called DeepSeek said it had developed a large language model that can compete with U.S. giants at a fraction of the cost.… Continue Reading

Stock market today: Wall Street begins Trump’s second term with gains

NEW YORK (AP) — U.S. stocks rose after more companies said they made bigger profits at the end of last year than analysts expected and as Treasury yields eased. The S&P 500 climbed 0.9% Tuesday, while many markets around the world took only tentative steps following Donald Trump’s return to the White House. The Dow Jones Industrial Average added 1.2%, and the Nasdaq composite gained 0.6%. Trump has promised sweeping moves to reshape global trade and the economy, often at other countries’ expense, but stock indexes in Asia and Europe mostly made only modest moves. Bitcoin pulled back from its record set on Monday.… Continue Reading

Stock market today: Wall Street ticks higher after encouraging inflation data

NEW YORK (AP) — Most U.S. stocks are rising following an encouraging update on inflation, but drops for Eli Lilly and some other influential companies are keeping indexes in check. The S&P 500 rose 0.1% Tuesday, with roughly 70% of the stocks in the index higher. The Dow Jones Industrial Average added 134 points, and the Nasdaq composite was close to flat. Treasury yields were relatively steady in the bond market after a report showed inflation at the U.S. wholesale level wasn’t as high last month as economists expected. Oil prices gave back some of their big gains from recent weeks.… Continue Reading

How the stock market defied expectations again this year, by the numbers

NEW YORK (AP) — What a wonderful year 2024 has been for investors. U.S. stocks ripped higher and carried the S&P 500 to records as the economy kept growing and the Federal Reserve began cutting interest rates. The benchmark index posted its first back-to-back annual gains of more than 20% since 1998. The year featured many familiar winners, such as Big Tech, which got even bigger as their stock prices kept growing. But it wasn’t just Apple, Nvidia and the like. Bitcoin and gold surged and “Roaring Kitty” reappeared to briefly reignite the meme stock craze.… Continue Reading

Stock market today: Wall Street rises at the start of a holiday-shortened week

Stocks closed higher on Wall Street at the start of a holiday-shortened week. The S&P 500 rose 0.7% Monday. Several big technology companies helped support the gains, including chip companies Nvidia and Broadcom. The Dow Jones Industrial Average added 0.2%, and the Nasdaq composite rose 1%. Honda’s U.S.-listed shares rose sharply after the company said it was in talks about a combination with Nissan in a deal that could also include Mitsubishi Motors. Eli Lilly rose after announcing that regulators approved Zepbound as the first prescription medicine for adults with sleep apnea. Treasury yields rose in the bond market.… Continue Reading

Stock market today: Wall Street ends little changed after giving up a big morning gain

NEW YORK (AP) — U.S. stocks are stabilizing following one of their worst days of the year. The S&P 500 rose 0.2% Thursday to recover some of its loss from Wednesday, when the Federal Reserve said it may deliver fewer cuts to interest rates next year than earlier thought. The Dow Jones Industrial Average added 136 points, and the Nasdaq composite rose 0.3%. The company behind Olive Garden helped lead the market higher after delivering stronger profit for the latest quarter than analysts expected. Treasury yields were mixed after reports showed the overall economy and the job market may be stronger than expected.… Continue Reading

Stock market today: Wall Street sinks after Fed signals fewer rate cuts next year. Dow drops 1,100

NEW YORK (AP) — U.S. stocks sank to their second-worst loss of the year after the Federal Reserve signaled that it may deliver fewer interest rates cuts in 2025 than earlier thought. The S&P 500 dropped 2.9% Wednesday to pull further from its all-time high set a couple weeks ago. The Dow Jones Industrial Average sank more than 1,100 points, and the Nasdaq composite dropped 3.6%. Fed officials released projections showing they’re penciling in just two cuts to interest rates next year, instead of the four they were projecting a few months ago. Treasury yields ramped higher to add pressure on the stock market.… Continue Reading

Stock market today: Wall Street trims its stellar gains as Nvidia’s star dims again

NEW YORK (AP) — U.S. stock indexes trimmed some of their stellar gains for the year. The S&P 500 slipped 0.4% Tuesday, though it’s still near its all-time high set earlier this month. The Dow Jones Industrial Average dropped 267 points, and the Nasdaq composite lost 0.3% from its record set the day before. Nvidia, the superstar stock that’s been a big reason for Wall Street’s run to records this year, fell for its eighth loss in the last nine days. Treasury yields held relatively steady after sales at U.S. retailers strengthened by more than expected. Bitcoin set another record.… Continue Reading

Stock market today: Wall Street’s rally stalls as Nasdaq pulls back from its record

NEW YORK (AP) — U.S. stock indexes fell following some potentially discouraging data on the economy. The S&P 500 slipped 0.5% Thursday for its fourth loss in the last six days. The Dow Jones Industrial Average lost 0.5%, and the Nasdaq composite sank 0.7% from its record set the day before. Reports in the morning showed more U.S. workers applied for unemployment benefits than expected, while inflation was hotter at the wholesale level than economists expected. Adobe helped drag the stock market lower after giving forecasts for profit and revenue in its upcoming fiscal year that fell a bit shy of analysts’.… Continue Reading

Trump is named Time’s Person of the Year and rings the New York Stock Exchange’s opening bell

NEW YORK (AP) — President-elect Donald Trump rang the opening bell at the New York Stock Exchange after being recognized by Time magazine as its person of the year. The honors Thursday for the businessman-turned-politician are a measure of Trump’s remarkable comeback from an ostracized former president who refused to accept his election loss four years ago to a president-elect who won the White House decisively in November. At the stock exchange, Trump was accompanied by his wife, Melania Trump, daughters Ivanka and Tiffany and Vice President-elect JD Vance. Trump grinned as people chanted “USA” before he opened the trading day and raised his fist.… Continue Reading