Stock market today: Wall Street slumps to a rare 3-day losing streak

  • 📰 SooToday
  • ⏱ Reading Time:
  • 51 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 85%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

NEW YORK (AP) — U.S. stocks closed lower as more steam came out of Wall Street’s huge, record-breaking rally. The S&P 500 fell 0.9% Wednesday. It was the third loss in a row for the benchmark index, the first time that’s happened in six weeks.

NEW YORK — U.S. stocks closed lower as more steam came out of Wall Street’s huge, record-breaking rally. The S&P 500 fell 0.9% Wednesday. It was the third loss in a row for the benchmark index, the first time that’s happened in six weeks. The Dow Jones Industrial Average dropped 1%. The Nasdaq composite sank 1.6% as Nvidia and other Big Tech stocks were among the market’s heaviest weights.

Momentum has reversed for stocks this week as pressure has increased from rising Treasury yields. Higher yields can make investors less willing to pay high prices for stocks, which critics say already look too expensive after they rose faster than corporate profits. Coca-Cola fell 1.6% even though it reported stronger profit and revenue for the latest quarter than analysts expected. The company benefited from higher prices for its products, but a lot of focus was on how much product the company shipped during the quarter, and that fell short of some estimates.

The market's most impactful losses came from Big Tech stocks, which have been battling criticism for a while that their prices soared too high amid Wall Street's frenzy around artificial-intelligence technology. Nvidia's 3.1% drop and Apple's 2.7% fall were the two heaviest weights on the S&P 500. Northern Trust rallied 7.5% after likewise topping analysts’ estimates for profit and revenue in the latest quarter.

 

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:

 /  🏆 8. 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: Wall Street adds slightly to its record highsNEW YORK (AP) — U.S. stock indexes added slightly to their record highs in relatively subdued trading on Wall Street. The S&P 500 rose 0.3% Monday, beating the all-time high it set on Thursday.
La source: SooToday - 🏆 8. / 85 Lire la suite »

Stock market today: Wall Street hangs near records after Chinese stocks soarNEW YORK (AP) — U.S. stocks are hanging near their records after Chinese stocks soared following a slew of moves by the Chinese central bank to prop up the world’s second-largest economy. The S&P 500 added 0.
La source: SooToday - 🏆 8. / 85 Lire la suite »

Stock market today: Wall Street edges further into record highsNEW YORK (AP) — U.S. stocks edged further into record heights on Wall Street after shaking off a bumpy start to the day. The S&P 500 rose 0.3% Tuesday. The Dow Jones Industrial Average edged up 0.2%, adding to its own record.
La source: SooToday - 🏆 8. / 85 Lire la suite »

Stock market today: Wall Street hovers quietly around record highs before the bell WednesdayTrading on Wall Street was quietly mixed before the opening bell Wednesday as markets hovered around record highs.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Stock market today: Wall Street drifts near record highs following recent big movesNEW YORK (AP) — U.S. stocks are drifting around their records as financial markets around the world take a pause following big recent moves. The S&P 500 was up 0.1% in early trading Wednesday.
La source: SooToday - 🏆 8. / 85 Lire la suite »

Stock market today: Asian markets surge higher after Wall Street takes a breatherShares rolled higher in Asia on Thursday after U.S. stocks edged back from their records.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »