Stock Market Archives - Page 9 of 9

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

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: Most of Wall Street edges lower after Fed delivers a big cut to rates

NEW YORK (AP) — Wall Street is hanging near its records after the Federal Reserve kicked off its efforts to prevent a recession with a bigger-than-usual cut to interest rates. The S&P 500 was 0.2% higher in afternoon trading Wednesday, within 0.3% of the all-time closing high it set in July. The Dow Jones Industrial Average was up 85 points, or 0.2%, slightly above the record it set on Monday. The Nasdaq composite added 0.5%. The momentous move by the Fed eases the brakes off the economy by lowering the cost of borrowing money. It also gives a boost to prices for all kinds of investments.… Continue Reading

Stock market today: Wall Street stays stuck in place as it counts down to a rate cut

NEW YORK (AP) — U.S. stock indexes remained stuck in place as Wall Street made few big moves ahead of what’s expected to be the first cut to interest rates in more than four years. The S&P 500 edged up by less than 0.1% Tuesday. It remains 0.6% below its all-time closing high set in July, and it briefly rose above that mark during the morning. The Dow Jones Industrial Average slipped less than 0.1% from its own record set the day before, while the Nasdaq composite edged up by 0.2%. Treasury yields rose ahead of Wednesday’s announcement by the Federal Reserve on where it’s taking interest rates.… Continue Reading