Stock market today: Wall Street edges lower after setting record highs last week

NEW YORK — Stocks are ticking lower on Wall Street at the start of what will be a short trading week. The S&P 500 was down 0.2% in early trading Monday. The Dow Jones Industrial Average was off 73 points, and the Nasdaq composite was down 0.4%. The market is easing back from last week’s big run, which was its best of the year and sent all three indexes to records on Thursday.

In corporate news early Monday, Boeing shares rose 4% after it announced that CEO Dave Calhoun was stepping down from the troubled aircraft maker at the end of 2024. A series of safety problems tied to manufacturing issues has drawn the attention of federal regulators, the most recent being a blown out panel of an Alaska Airlines jetliner in January.

Some companies on tap to report earnings this week are video game retailer GameStop, cruise ship operator Carnival and drugstore chain Walgreen's. China's currency, the yuan, was set at a rate of 7.0996 against the U.S. dollar. The official “central parity rate,” is based on a weighted average of prices offered by market makers before the interbank market opens each business day. It is allowed to rise or fall only by 2% each trading day.

The Bank of Japan raised a key interest rate for the first time in 17 years last week, to barely above zero from below zero, or negative interest rates. That means borrowing rates in Japan still remain below those of the U.S. and many other nations.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Stock market today: Stocks retreat as Wall Street weighs hot inflation's impact on FedInvestors are weighing whether two big hot inflation prints will prompt a Fed rethink on rate cuts as its March policy meeting looms.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Stock market today: Wall Street slips further away from records amid inflation worriesBEIJING — Stocks fell on Wall Street Friday and are on track for a mixed finish in a week that was heavy with reports showing that inflation, though broadly cooling, remains stubborn. The S&P 500 fell 0.
La source: SooToday - 🏆 8. / 85 Lire la suite »

Stock market today: Wall Street drifts near its records amid a worldwide market lullNEW YORK (AP) — Stocks are drifting around their records on Wall Street, as a lull carries through financial markets worldwide. The S&P 500 was little changed in early trading Wednesday, a day after setting an all-time high.
La source: SooToday - 🏆 8. / 85 Lire la suite »

Stock market today: Wall Street drifts to a mixed close, holding near record levelsNEW YORK (AP) — Stocks drifted to a mixed close on Wall Street as a lull carried through financial markets worldwide. The S&P 500 edged down 0.2% Wednesday, a day after setting an all-time high. The Dow Jones Industrial Average rose 0.
La source: SooToday - 🏆 8. / 85 Lire la suite »

Stock market today: Wall Street rises toward records ahead of a big week for central banksNEW YORK (AP) — Stocks are rising Monday ahead of a busy week for central banks around the world that could dictate where interest rates go. The S&P 500 was ...
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Stock market today: Wall Street rises ahead of a big week for central banksNEW YORK (AP) — Stocks rose ahead of a busy week for central banks around the world that could dictate where interest rates go next. The S&P 500 addded 0.6% Monday, coming off its first back-to-back weekly losses since October.
La source: SooToday - 🏆 8. / 85 Lire la suite »