News Formal

Stock market today: S&P 500, Nasdaq fall from records amid tech sell-off

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 18 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

Nasdaq Composite Nouvelles

Real Estate

Jerome Powell steps up for part two of his policy update to Congress, with investors on the alert for more clues to rate-cut prospects.

US stocks were mixed on Thursday as investors rotated out of tech following a key report showing consumer prices unexpectedly fell on a month-over-month basis for the first time since 2020. The S&P 500 fell 0.5% after the broad index crossed 5,600 for the first time on Wednesday. The Dow Jones Industrial Average rose 0.3%, while the tech-heavy Nasdaq Composite fell more than 1%. Tech heavyweights Nvidia , Microsoft and Meta all fell.

Stock gains have picked up pace this week as Fed Chair Jerome Powell has suggested that conditions are almost right for the Federal Reserve to start making interest-rate cuts. Thursday's inflation look bolstered bets on a cut by September, with around 90% of traders expecting such an outcome, according to the CME FedWatch tool.

 

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:

 /  🏆 47. 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: S&P 500, Nasdaq hover near records as Nvidia becomes most valuable stockTechs are continuing to lead an AI-driven rally that investors simply can't afford to miss out on.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Stock market today: Stock futures steady as S&P 500, Nasdaq try to build on recordsA consequential week that could provide key signals for the near-term path of interest rates.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Stock market today: S&P 500, Nasdaq slip from records as Nvidia dipsNvidia's record-breaking surge, which catapulted it to the title of world's most valuable public company, was set to continue.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Stock market today: S&P 500, Nasdaq jump as Nvidia surge continuesNvidia's record-breaking surge, which catapulted it to the title of world's most valuable public company, was set to continue.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Stock market today: S&P 500, Nasdaq set to jump as Nvidia surge continuesNvidia's record-breaking surge, which catapulted it to the title of world's most valuable public company, was set to continue.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Stock market today: S&P 500, Nasdaq hover near record highs after retail sales missTechs are continuing to lead an AI-driven rally that investors simply can't afford to miss out on.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »