NEW YORK — U.S. stock indexes pulled back from their records as concerns about high interest rates weighed on the market. The S&P 500 fell 0.3% and the Nasdaq composite slipped 0.2% Wednesday, a day after both set all-time highs. The Dow Jones Industrial Average lost 0.5%.
And even though Fed Chair Jerome Powell said after that meeting that the Federal Reserve is more likely to cut rates than to hike them, the minutes said “various participants” were willing to raise rates if inflation worsens. They helped to counter a 23.7% leap for Petco Health & Wellness, which reported results and revenue for the latest quarter that were better than analysts feared.
Nvidia’s stock has grown into the third largest on Wall Street, making it one of the most influential stocks in the market. It will need to keep delivering in order to keep the stock market's frenzy around AI going.
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Stock market today: Wall Street pulls back from its recordsNEW YORK (AP) — U.S. stock indexes pulled back from their records as concerns about high interest rates weighed on the market. The S&P 500 fell 0.3% and the Nasdaq composite slipped 0.2% Wednesday, a day after both set all-time highs.
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Stock market today: Wall Street pulls back from its recordsNEW YORK (AP) — U.S. stock indexes pulled back from their records as concerns about high interest rates weighed on the market. The S&P 500 fell 0.3% and the Nasdaq composite slipped 0.2% Wednesday, a day after both set all-time highs.
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Stock market today: Wall Street pulls back from its recordsNEW YORK (AP) — U.S. stock indexes pulled back from their records as concerns about high interest rates weighed on the market. The S&P 500 fell 0.3% and the Nasdaq composite slipped 0.2% Wednesday, a day after both set all-time highs.
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Stock market today: Asian stocks track Wall Street gains ahead of earnings reportsHONG KONG (AP) — Asian share benchmarks were mostly higher Tuesday after U.S. stocks clawed back a chunk of their losses from the week before. U.S. futures...
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Stock market today: Wall Street opens higher, adding to a hot start for the weekNEW YORK (AP) — Stocks are ticking higher on Wall Street and adding to their hot start to the week. The S&P 500 was up 0.5% in early trading on Tuesday, pulling further out of the hole created by a six-day losing streak.
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Stock market today: Wall Street rallies for a second day, erasing some of April's lossesNEW YORK (AP) — Stocks rallied for a second straight day on Wall Street, softening what’s been a rough April. The S&P 500 added 1.2% Tuesday to pull further out of the hole created by a six-day losing streak.
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