Stocks are holding relatively steady at the tail end of a wild, whipsaw week for Wall Street

NEW YORK — U.S. stocks are holding relatively steady at the tail end of a wild, whipsaw week for Wall Street. The S&P 500 edged up 0.1% in early trading Friday, coming off its best day since 2022. After yo-yoing through several sharp swings, it’s on track to close a fourth straight losing week. That would be its longest such streak in almost a year. The Dow Jones Industrial Average was down 93 points, and the Nasdaq composite was 0.1% higher.

Online travel booker Expedia jumped 8.3% in premarket after it reported second-quarter sales and profit that beat Wall Street's targets, despite warning of softening travel demand. The Hang Seng in Hong Kong added 1.2% to 17,090.23, while the Shanghai Composite index edged down 0.3% to 2,862.19. Elsewhere, Taiwan’s Taiex picked up 2.9%, with chip maker Taiwan Semiconductor Manufacturing Co. gaining 4.2%, tracking Big Tech stocks' rally on Wall Street. The SET in Bangkok was up 0.2%.

One week ago today, weaker-than-expected employment data from the U.S. raised concerns about a slowing economy where the Federal Reserve has kept the high interest rates that aim to stifle inflation for too long. That triggered a sell-off in global markets, with the scale of the declines amplified as investors unwound their yen carry trade positions.

Österreich Neuesten Nachrichten, Österreich Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Small stocks are about to take over? Wall Street has heard that before.NEW YORK (AP) — Suddenly, smaller stocks seem to be making bigger noise on Wall Street.
Herkunft: YahooFinanceCA - 🏆 47. / 63 Weiterlesen »

Asian Stocks Set to Track Wall Street’s Tech Rally: Markets Wrap(Bloomberg) -- Asian equities were primed for an early advance after a rally in the world’s largest tech stocks lifted US and global shares to new highs...
Herkunft: YahooFinanceCA - 🏆 47. / 63 Weiterlesen »

Stock market today: Asian stocks mixed with volatile yen after Wall Street rises on inflation reportHONG KONG (AP) — Asian stocks were mixed Friday, with the Japanese yen losing some of its gains after the latest U.S. update on inflation bolstered Wall...
Herkunft: YahooFinanceCA - 🏆 47. / 63 Weiterlesen »

Stock market today: Trade worries hit technology stocks, pulling Wall Street lowerNEW YORK (AP) — Wall Street’s record-setting rally ran into a wall as worries about worsening trade tensions with China slammed some of the market’s biggest winners of the year. The S&P 500 was 0.
Herkunft: SooToday - 🏆 8. / 85 Weiterlesen »

Stock market today: Trade worries hit technology stocks, pulling Wall Street lowerNEW YORK (AP) — Wall Street’s record-setting rally ran into a wall as worries about worsening trade tensions with China slammed some of the market’s biggest winners of the year. The S&P 500 was 0.
Herkunft: SooToday - 🏆 8. / 85 Weiterlesen »

Stock market today: Big tech stocks dive again to halt Wall Street's record-setting rallyNEW YORK (AP) — Wall Street’s record-breaking rally ran into a wall, as worries about potentially worsening trade tensions with China hit stocks of chip companies.
Herkunft: SooToday - 🏆 8. / 85 Weiterlesen »