Stock Market Archives - Page 8 of 9

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

Stock market today: Wall Street finishes mixed after Tesla soars and IBM slumps

NEW YORK (AP) — Wall Street drifted to a mixed finish after Tesla surged and IBM slumped following their latest profit reports. The S&P 500 rose 0.2% Thursday to break its first three-day losing streak since early September. It bounced between losses and gains through the day and was nearly evenly split between stocks rising and falling. The Dow Jones Industrial Average fell 0.3%, while the Nasdaq composite rose 0.8%. Tesla jumped to the second-best day in its history after reporting a better profit than analysts expected. But IBM fell sharply after its revenue came in short of expectations. Treasury yields eased.… Continue Reading

Stock market today: Wall Street slumps to a rare 3-day losing streak

NEW YORK (AP) — U.S. stocks closed lower as more steam came out of Wall Street’s huge, record-breaking rally. The S&P 500 fell 0.9% Wednesday. It was the third loss in a row for the benchmark index, the first time that’s happened in six weeks. The Dow Jones Industrial Average dropped 1%. The Nasdaq composite sank 1.6% as Nvidia and other Big Tech stocks were among the market’s heaviest weights. Momentum has reversed for stocks since the S&P 500 set a record on Friday as pressure has increased from rising Treasury yields in the bond market. Yields rose again Wednesday.… Continue Reading

Stock market today: Wall Street barely budges as GM’s best day in years offsets GE Aerospace tumble

NEW YORK (AP) — U.S. stock indexes barely budged after a quiet day of mixed trading. The S&P 500 edged down by less than 0.1% Tuesday. The Dow Jones Industrial Average slipped 6 points, or less than 0.1%, and the Nasdaq composite rose 0.2%. The best day for General Motors stock since 2020 helped to offset a sharp drop for GE Aerospace, which was the heaviest weight on the S&P 500 after its revenue for the latest quarter fell short of forecasts. Stocks have slowed their record-breaking momentum this week under increasing pressure from rising Treasury yields in the bond market.… Continue Reading

Stock market today: Wall Street sets more records and closes a 6th straight winning week

NEW YORK (AP) — U.S. stocks rose to records to close out their latest winning week. The S&P 500 climbed 0.4% Friday to squeak past the all-time high it had set early this week. The Dow Jones Industrial Average added 0.1% to its own record set the day before, and the Nasdaq composite gained 0.6%. Netflix helped drive the market after the streaming giant reported stronger profit for the latest quarter than analysts expected. It marked a sixth straight winning week for the S&P 500, its longest such streak of the year. Treasury yields eased a bit in the bond market.… Continue Reading

Stock market today: Wall Street drifts around its records following latest encouraging economic data

NEW YORK (AP) — U.S. stocks drifted around their record heights following the latest signals that the U.S. economy continues to hum. The S&P 500 finished Thursday virtually unchanged after flirting with its all-time high for much of the day. The Dow Jones Industrial Average added 161 points, or 0.4%, to its own record set the day before, while the Nasdaq composite was close to flat. Gains for chip stocks and Travelers following strong profit reports helped to offset losses for Alphabet and Elevance Health. Treasury yields rose in the bond market after reports showed U.S. shoppers spent more at retailers and fewer workers applied for unemployment.… Continue Reading

Stock market today: Wall Street rises as tech stocks and oil prices steady themselves

NEW YORK (AP) — U.S. stocks rose following better-than-expected profit reports from Morgan Stanley, United Airlines and other big companies. The S&P 500 climbed 0.5% Wednesday, a day after sliding from its all-time high because of tumbling energy and technology stocks. The Dow Jones Industrial Average added 0.8% to set its own record, and the Nasdaq composite rose 0.3%. Exxon Mobil and other energy producers stabilized a day after tumbling with the price of crude oil. Stocks in the chip industry also held up better a day after a market-shaking warning from Dutch supplier ASML. Treasury yields eased in the bond market.… Continue Reading

Stock market today: Wall Street falls from its records as oil prices tumble and tech stocks drop

NEW YORK (AP) — U.S. stocks are edging back from their records as the price of crude oil tumbles again. The S&P 500 slipped 0.3% in midday trading Thursday, a day after setting an all-time high for the 46th time this year. The Dow Jones Industrial Average was down 77 points, and the Nasdaq composite fell 0.8%. Exxon Mobil and other energy stocks sank to some of the market’s worst losses as oil prices dropped again. Chip stocks fell after supplier ASML warned of a slower recovery outside of the AI boom. Treasury yields eased as trading for U.S. bonds resumed following a holiday.… Continue Reading

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