NEW YORK — Most U.S. stocks fell, but hopes for coming cuts to interest rates and Wall Street’s continued frenzy around artificial-intelligence technology sent indexes to more record highs. The S&P 500 rose 0.2% Thursday after a day of drifting between shallow gains and losses, beating the all-time high it set the day before. The Nasdaq composite climbed 0.3%, also setting another record. The Dow Jones Industrial Average fell 0.2%. Chipmaker Broadcom soared 12.3%.
It followed a surprising update from Wednesday that showed inflation at the consumer level was lower than expected. Federal Reserve Chair Jerome Powell called that report encouraging and said policymakers need more such data before lowering their main interest rate from the most punishing level in two decades.
Companies whose profits are most closely tied to the strength of the economy lagged the market Thursday following the reports, such as industrial companies and oil-and-gas producers. Broadcom’s stock price has jumped so high, to nearly $1,700, that it will soon give nine shares for every one that investors already hold in hopes of lowering the price and making it more affordable. It follows a similar move by Nvidia, which has become the poster child of the AI rush and seen its total market value top $3 trillion.
Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Stock market today: Wall Street holds most of its gains after Federal Reserve keeps rates steadyNEW YORK (AP) — U.S. stocks are holding onto most of their gains for the day after the Federal Reserve held its main interest rate steady. The S&P 500 was 0.9% higher Wednesday afternoon after rising as much as 1.
Herkunft: SooToday - 🏆 8. / 85 Weiterlesen »
Stock market today: Asian shares track Wall Street's slide on worries over interest ratesAsian shares retreated Friday after strong reports on the U.S. economy raised the possibility of interest rates staying painfully high.
Herkunft: YahooFinanceCA - 🏆 47. / 63 Weiterlesen »
Stock market today: Wall Street drifts after mixed economic reports, more AI ebullienceNEW YORK (AP) — U.S. stocks are drifting around their records Thursday following some mixed data on the economy, including the latest encouraging update on inflation. The S&P 500 was up 0.
Herkunft: SooToday - 🏆 8. / 85 Weiterlesen »
Stock market today: Wall Street drifts after mixed economic reports, more AI ebullienceNEW YORK (AP) — U.S. stocks are drifting around their records Thursday following some mixed data on the economy, including the latest encouraging update on...
Herkunft: YahooFinanceCA - 🏆 47. / 63 Weiterlesen »
Stock market today: Wall Street rallies after inflation surprisingly slowsNEW YORK (AP) — U.S. stocks are rallying following a surprisingly encouraging update on inflation. The S&P 500 was 0.9% higher in early trading Wednesday. The Dow Jones Industrial Average was up 362 points, and the Nasdaq composite was 1.
Herkunft: SooToday - 🏆 8. / 85 Weiterlesen »
Stock market today: Wall Street drifts to a mixed close but still notches some recordsNEW YORK (AP) — Stocks drifted to a mixed close overall on Wall Street, but the S&P 500 and Nasdaq composite still managed to notch more record highs. A big gain in Apple helped push both indexes higher Tuesday. The S&P 500 added 0.
Herkunft: SooToday - 🏆 8. / 85 Weiterlesen »