Stock market today: Stocks pull back from records after Dow touches 40,000 for first time

US stocks could not reach new records on Thursday, despite the Dow Jones Industrial Average touching 40,000 for the first time ever. The Dow finished the day down 0.1%, closing at 39,869 after briefly surpassing its new price milestone earlier in the session. The tech-heavy Nasdaq Composite fell about 0.3% while the S&P 500 dropped around 0.2%. The S&P closed just below 5,300 after eclipsing that number for the first time on Wednesday.

Stocks rallied on Wednesday after new data showed signs of cooling inflation, which spurred bets on a Federal Reserve rate cut in September. All three major indexes closed at record highs as a result. Investors also jumped into bonds, sending the 10-year Treasury yield down near one-month lows at around 4.33%. On Thursday, yields ticked about 2 basis points higher with the 10-year trading around 4.38%.

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 open steady as Dow tries to extend 6-day win streakStocks have lost their bounce after a growing chorus of Federal Reserve officials made it clear that interest rates will need to stay higher for longer.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Stock market today: Stocks rise as Dow tries to extend 6-day win streakStocks have lost their bounce after a growing chorus of Federal Reserve officials made it clear that interest rates will need to stay higher for longer.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Stock market today: Dow eyes 8th straight win as rate-cut hopes buoy stocksInvestors are listening out for a parade of Fed speakers to test a growing confidence that a rate cut is on the way.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Stock market today: Stocks rise, Dow eyes 8th straight win as rate-cut hopes aboundInvestors are listening out for a parade of Fed speakers to test a growing confidence that a rate cut is on the way.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Stock market today: Dow eyes 40,000 as stocks regroup near record highsSigns of cooling inflation continued to spur bets for a Federal Reserve rate cut in September.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Stock market today: Dow touches 40,000 as stocks hover at record highsSigns inflation continues to cool is pushing stocks to record highs, with the Dow crossing 40,000 for the first time ever on Thursday.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »