Stock market today: Wall Street ends mixed even as the Dow ekes out another record

NEW YORK — U.S. stocks ended on a mixed note following the latest signals that the U.S. economy continues to hum. The S&P 500 closed little changed Thursday. The Dow Jones Industrial Average added 0.4% to the all-time high it set the day before, and the Nasdaq composite edged up less than 0.1%. Nvidia and other companies in the chip industry led the way after global heavyweight TSMC reported bigger profit for the latest quarter than analysts expected.

The 2.9% rise for Nvidia was the strongest force pushing upward on the S&P 500, and it was a sharp turnaround from earlier in the week when a warning from a major Dutch supplier to the chip industry, ASML, sent stocks sinking across the industry. Because Nvidia and other tech stocks have grown so big, their movements pack extra weight on the S&P 500 and other indexes.

A separate report, meanwhile, said fewer U.S. workers applied for unemployment benefits last week, a signal that layoffs nationwide are relatively low and aren’t damaging the job market. Lower interest rates can ease the brakes off the economy, boost prices for investments and make borrowing bills less costly for households and businesses. And rates are heading lower around the world, with only a couple exceptions.

Blackstone also helped push indexes higher after the investor in real estate, hedge funds and other alternative investments reported stronger profit than expected. It climbed 7.1% after CEO Stephen Schwarzman said it's seeing broad-based acceleration across its businesses.

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: Stock rally loses steam as S&P 500, Dow slip from recordsNow that the Fed has started cutting rates, the economy has taken to the fore for investors.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Stock market today: Dow, S&P 500, Nasdaq jump as TSMC outlook prompts chip stock rallyA monthly report on retail sales could provide clues to whether the Fed will go for 'no cut' at its next meeting.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Stock market today: Asian shares are mixed after Wall St powers to more recordsBANGKOK (AP) — Asian shares were mixed on Tuesday after Wall Street rolled to more records, with Hong Kong's benchmark losing more than 4%.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Stock market today: Dow and S&P 500 notch record highs as earnings season kicks offThe Dow and S&P 500 soar to new highs as banks kick off earnings season
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Stock market today: Dow, S&P 500, Nasdaq slip after hotter-than-expected inflation printInvestors are looking to the latest reading on CPI consumer inflation to set expectations for the path of interest rates.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Stock market today: Dow, S&P 500, Nasdaq futures stall with Fed and Google breakup in focusInvestors are locked in debate over a 'no landing' for the economy, with Fed minutes on deck.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »