Hopes for AI and rates nudge Wall Street to records, even as most stocks fall

Most U.S. stocks slipped Thursday, but hopes for coming cuts to interest rates and Wall Street’s continued frenzy around artificial-intelligence technology nudged indexes to more records. The Standard & Poor's 500 added 0.2% to its all-time high set the day before, even though the majority of stocks within it weakened. The Nasdaq composite climbed 0.3% from its own record, thanks to gains for technology stocks, while the Dow Jones industrial average fell 0.2%.

Wealth Management. High interest rates have been dragging on some parts of the economy, particularly manufacturing. A separate report on Thursday showed more U.S. workers filed for unemployment benefits last week than economists expected, though the number is still low relative to history. The hope on Wall Street is that growth for the job market and economy continues to slow in order to take pressure off inflation, but not so much that it creates a deep recession.

’s Mukherjee said he’s expecting the U.S. economy’s growth to keep slowing as spending by lower-income households weakens under the strain of dwindling savings accounts. But he expects the economy to avoid a recession as spending continues by well-off households benefiting from fatter investment portfolios and home values, as well as by governments and corporations. “To me, the soft landing” for the economy where inflation eases without a deep recession “has already been achieved,” he said.

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Main Street or Wall Street: Who Has the Correct Market Prespective?Stocks Analysis by Jeffrey Roach covering: S&P 500, Target Corporation. Read Jeffrey Roach's latest article on Investing.com
Fonte: Investingcom - 🏆 450. / 53 Consulte Mais informação »

Stock market today: Asian shares track Wall Street’s slide on worries over interest ratesAsian shares retreated Friday after strong reports on the U.S. economy raised the possibility of interest rates staying painfully high. U.S. futures edged
Fonte: Mynorthwest - 🏆 438. / 53 Consulte Mais informação »

Stock market today: Asian shares track Wall Street's slide on worries over interest ratesAsian shares have retreated after strong reports on the U.S. economy raised the possibility that interest rates may stay painfully high. U.S. futures edged higher and oil prices also rose. On Thursday, the S&P 500 fell 0.7% and pulled further from its record set earlier this week.
Fonte: AP - 🏆 728. / 51 Consulte Mais informação »

Stock market today: Asian shares track Wall Street’s slide on worries over interest ratesAsian shares are mostly lower after a retreat on Wall Street following strong economic reports that raised the possibility of interest rates staying painfully high. U.S. futures edged higher and oi…
Fonte: mercnews - 🏆 88. / 68 Consulte Mais informação »