News Formal

Stock market today: Wall Street drifts around the edge of its record

  • 📰 SooToday
  • ⏱ Reading Time:
  • 48 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 85%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

NEW YORK (AP) — U.S. stocks are ticking higher Monday and adding to what’s been a solid May following their rough April. The S&P 500 was up 0.2% in early trading and pulling within 0.4% of its record set at the end of March.

NEW YORK — U.S. stocks are ticking higher Monday and adding to what’s been a solid May following their rough April.

Other reports this week include updates on inflation that wholesalers are seeing and sales at U.S. retailers. They could shed light on whether fears are warranted about a worst-case scenario for the country, where stubbornly high inflation forms a devastating combination with a stagnating economy. In the meantime, a stream of stronger-than-expected reports on U.S. corporate profits has also helped to support the market. Companies in the S&P 500 are on track to report growth of 5.4% for their earnings per share in the first three months of the year versus a year earlier, according to FactSet. That would be the best growth in nearly two years.

Worries have been rising about cracks showing in spending by U.S. consumers, which has been one of the bedrocks keeping the economy out of a recession. Lower-income households appear to be under particularly heavy strain because of still-high inflation and higher credit-card rates.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 8. in BE

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: Indexes drift to a mixed close as Wall Street remains in a lullNEW YORK (AP) — Stock drifted to a mixed close as Wall Street remains in a lull. The S&P 500 closed little changed Wednesday, after a big three-day winning streak gave way to a tiny gain the prior day. The Dow Jones Industrial Average rose 0.
La source: SooToday - 🏆 8. / 85 Lire la suite »

Stock market today: Asian stocks drift after Wall Street closes another winning weekHONG KONG (AP) — Asian stocks were mostly lower on Monday after Wall Street coasted to the close of another winning week. U.S. futures were mixed and oil...
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Stock market today: Asian stocks track Wall Street's decline as Middle East tensions escalateHONG KONG (AP) — Asia stocks pulled back on Monday as worries about potentially escalating tensions in the Middle East rattled financial markets, pushing...
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Stock market today: Asian shares gain despite Wall Street's tech-led retreatAsian shares advanced on Thursday even after sinking technology stocks sent Wall Street lower in the S&P 500's worse losing streak since the start of the...
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Stock market today: Wall Street opens higher following a 3-week losing streakNEW YORK (AP) — Wall Street is opening higher following a three-week losing streak. The S&P 500 was up 0.5% early Monday, coming off its longest weekly losing streak since September.
La source: SooToday - 🏆 8. / 85 Lire la suite »