Stock market today: S&P 500, Nasdaq hover near record highs after retail sales miss

US stocks held near record highs, largely hitting pause in muted early trading amid the release of the week's economic data highlight: May's retail sales numbers. The benchmark S&P 500 hovered around the flatline after the benchmark index secured its 30th record close of 2024. The Dow Jones Industrial Average similarly meandered around the flatline, while the Nasdaq Composite dropped about 0.2% by mid-morning trading.

" That enthusiasm could be put to the test — or at least put on a back burner — as a look into the health of the US consumer takes the spotlight. Government data on Tuesday showed that retail sales increased just 0.1%, missing economist expectations, Yahoo Finance's Josh Schafer reported. Meanwhile, April's numbers were revised to show a decline. It could be a sign of more consumer strain amid high interest rates and persistently stubborn inflation.

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: S&P 500, Nasdaq hover near record highs ahead of retail sales dataTechs are continuing to lead an AI-driven rally that investors simply can't afford to miss out on.
Herkunft: YahooFinanceCA - 🏆 47. / 63 Weiterlesen »

Stock market today: S&P 500, Nasdaq hold near record highs as Wall Street gets bullishWall Street wondered if the bull rally that has roared through 2024 has more room to run.
Herkunft: YahooFinanceCA - 🏆 47. / 63 Weiterlesen »

Stock market today: S&P 500, Nasdaq futures steady near record highs as Wall Street gets bullishWall Street wondered if the bull rally that has roared through 2024 has more room to run.
Herkunft: YahooFinanceCA - 🏆 47. / 63 Weiterlesen »

Stock market today: Nasdaq, S&P 500 turn higher ahead of huge week on Wall StreetInvestors are looking ahead to the Fed's policy decision and key inflation data later in the week as they scale back rate-cut bets.
Herkunft: YahooFinanceCA - 🏆 47. / 63 Weiterlesen »

Stock market today: Nvidia inches higher as S&P 500, Nasdaq hold near recordsGrowing conviction for Fed rate cuts has buoyed megacap techs, injecting life into stocks more broadly.
Herkunft: YahooFinanceCA - 🏆 47. / 63 Weiterlesen »

Stock market today: S&P 500, Nasdaq hit record highs as Nvidia leads tech rallyBets on Fed rate cuts are tentatively rising as investors weigh signs of a softer labor market and cooling economy.
Herkunft: YahooFinanceCA - 🏆 47. / 63 Weiterlesen »