Stock market today: Wall Street notches more records and logs its latest winning week

NEW YORK — U.S. stocks rose to more records and closed out their longest weekly winning streak of the year. The S&P 500 rose 0.4% Friday. The benchmark index squeaked past the all-time high it set early this week and logged is sixth straight winning week. The Dow Jones Industrial Average added 0.1% to its own record set the day before, and the Nasdaq composite gained 0.6%.

It helped offset a 5.5% drop for CVS Health, which said it’s likely to report a profit for the latest quarter that’s well below what analysts had been expecting. The company also said David Joyner, an executive vice president, is taking over as president and CEO for Karen Lynch. David Lefkowitz, head of U.S. equities at UBS Global Wealth Management, sees both sides. But while stock prices are indeed high relative to profits, he says they're"reasonable" when considering the Fed is cutting interest rates and other factors.

Oil prices tumbled this week as worries receded that Israel will attack Iranian oil facilities as part of its retaliation for Iran’s missile attack early this month. Iran is a major producer of crude, and a strike could upend its exports to China and elsewhere. Concerns about the strength of demand from China have also hit oil prices.

In the bond market, Treasury yields eased. The yield on the 10-year Treasury fell to 4.07% from 4.10% late Thursday.

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 leaps toward records as jubilation sweeps markets worldwideNEW YORK (AP) — Wall Street is roaring toward records Thursday as a delayed reaction of jubilation sweeps markets worldwide following the Federal Reserve’s big cut to interest rates. The S&P 500 was 1.
Herkunft: SooToday - 🏆 8. / 85 Weiterlesen »

Stock market today: Wall Street drifts near its records as FedEx slumps and Nike sprints higherNEW YORK (AP) — Wall Street is quieter on Friday, and U.S. stocks are drifting after they leaped to records the day before during a worldwide rally.
Herkunft: YahooFinanceCA - 🏆 47. / 63 Weiterlesen »

Stock market today: Wall Street wavers a day after setting record highsU.S. stocks are drifting in early trading after leaping to records the day before as part of a worldwide rally. The S&P 500 was down 0.2% Friday but still on track for its fifth winning week in the last six.
Herkunft: SooToday - 🏆 8. / 85 Weiterlesen »

Stock market today: Wall Street closes out a record-setting week on a quiet noteNEW YORK (AP) — A record-setting week for Wall Street closed on a quieter note. U.S. stocks mostly pulled back from their highs hit during a worldwide rally the day before, even as the Dow Jones Industrial Average edged up to another record.
Herkunft: SooToday - 🏆 8. / 85 Weiterlesen »

Stock market today: Wall Street hangs near its all-time highsNEW YORK (AP) — U.S. stock indexes are hanging near their all-time highs in quiet trading. The S&P 500 was up 0.1% in early trading Monday.
Herkunft: SooToday - 🏆 8. / 85 Weiterlesen »

Stock market today: Wall Street adds slightly to its record highsNEW YORK (AP) — U.S. stock indexes added slightly to their record highs in relatively subdued trading on Wall Street. The S&P 500 rose 0.3% Monday, beating the all-time high it set on Thursday.
Herkunft: SooToday - 🏆 8. / 85 Weiterlesen »