NEW YORK — A record-setting week for Wall Street closed on a quieter note. U.S. stocks mostly pulled back from their highs hit during a worldwide rally the day before, even as the Dow Jones Industrial Average edged up to another record. The S&P 500 fell 0.2% Friday, but it still had its fifth winning week in the last six. The Dow eked out a gain of 0.1%. The Nasdaq composite fell 0.4%. FedEx sank after its profit and revenue for the latest quarter fell short of expectations.
Helping to limit the market's losses was Nike, which ran 5.7% higher after it named Elliott Hill as its chief executive. Hill, 60, had spent more than three decades at Nike in various leadership positions before retiring in 2020. Constellation Energy also leaped 21.5% after announcing it will restart the Three Mile Island nuclear plant and sell the power to Microsoft.
TMTG stock has dropped below $14 from more than $60 in March, and its decline Friday was actually fairly typical in size. Over the last six months, it’s often swung by at least 5% in a day, up or down. The cut closed the door on a run where the Fed kept its main interest rate at a two-decade high in hopes of slowing the U.S. economy enough to stamp out high inflation. Now that inflation has fallen from its peak two summers ago, Chair Jerome Powell said the Fed can focus more on keeping the job market solid and the economy out of a recession.
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:
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: Wall Street falls sharply to close its worst week in nearly 18 monthsNEW YORK (AP) — Another rout hit Wall Street Friday, with formerly high-flying technology stocks again taking the brunt, after a highly anticipated update on the U.S. job market came in weak enough to add to worries about the economy.
La source: SooToday - 🏆 8. / 85 Lire la suite »
Stock market today: Wall Street quiet as markets await Nvidia's latest earnings reportNEW YORK (AP) — Stocks are mostly unchanged in light trading as investors look ahead to an eagerly anticipated earnings report from the semiconductor company Nvidia, whose chips power AI applications. The S&P 500 slipped 0.
La source: SooToday - 🏆 8. / 85 Lire la suite »
Stock market today: Wall Street ticks closer to record heights ahead of a highly anticipated speechNEW YORK (AP) — U.S. stocks are ticking higher Thursday as Wall Street counts down to what’s supposed to be the main event of the week, a speech by Federal Reserve Chair Jerome Powell coming on Friday. The S&P 500 was 0.
La source: SooToday - 🏆 8. / 85 Lire la suite »
Nvidia stock slips ahead of earnings release as Wall Street reiterates bullish outlookNvidia stock is getting more Wall Street backing ahead of the company's crucial earnings report set for next week.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »
Stock market today: Wall Street weakens ahead of a highly anticipated speechNEW YORK (AP) — U.S. stocks closed lower as Wall Street counted down to its main event for the week, a speech by Federal Reserve Chair Jerome Powell coming up on Friday. The S&P 500 lost 0.9% Thursday, its worst day in more than two weeks.
La source: SooToday - 🏆 8. / 85 Lire la suite »
Stock market today: Wall Street climbs ahead of speech by Fed chief PowellNEW YORK (AP) — Stocks are climbing on Wall Street, but the market’s focus is thousands of miles to the west, where the head of the Federal Reserve is about to give a highly anticipated speech about interest rates. The S&P 500 was 0.
La source: SooToday - 🏆 8. / 85 Lire la suite »