News Formal

Stock market news today: Dow leads stock comeback from steep sell-off

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 26 sec. here
  • 5 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 63%

Nasdaq Composite Notícia

Stock Markets,Tech Companies,Basis Points

Earnings misses have put the spotlight on the health of the economy after a Big Tech-led sell-off.

US stocks rebounded on Thursday as investors regrouped after a Big Tech-led wipeout in the prior session, inspired by AI doubts. The Dow Jones Industrial Average rose more than 1% or roughly 400 points while the S&P 500 rose 0.7% on the heels of Wednesday's steep closing losses. The Nasdaq Composite erased early session losses to rise 0.6%, after coming off the worst day for the tech-heavy index since October 2022.

At the same time, concerns about the robustness of the US economy are emerging as big-name earnings misses cast doubt on how consumers are holding up in the face of historically high borrowing costs. Given that, traders are now pricing in bigger cuts by the Federal Reserve — a reduction of about 30 basis points by September, and of almost 70 basis points over 2024, according to money markets. Odds on an earlier-than-expected rate cut in July have also ticked up, CME FedWatch data showed.

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 47. in BR
 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.

Brasil Últimas Notícias, Brasil Manchetes

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

Stock market news today: Nasdaq futures lead losses as first Big Tech earnings fail to deliverDisappointing Alphabet and Tesla earnings have stirred up worries that Big Tech's power to fuel stock market gains is fading.
Fonte: YahooFinanceCA - 🏆 47. / 63 Consulte Mais informação »

Stock market today: World stocks fall as investors are underwhelmed by Big Tech earningsWorld stocks fell Wednesday as the earnings reporting season ramped up for big companies, with investors showing a lack of enthusiasm for results so far.
Fonte: YahooFinanceCA - 🏆 47. / 63 Consulte Mais informação »

Stock market news today: US stocks wobble amid earnings flood, with Big Tech on deckA marquee earnings day brings Big Tech results, in focus as investors assess the future of this year's rally.
Fonte: YahooFinanceCA - 🏆 47. / 63 Consulte Mais informação »

Stock market news today: US stocks rise amid earnings flood, with Big Tech on deckA marquee earnings day brings Big Tech results, in focus as investors assess the future of this year's rally.
Fonte: YahooFinanceCA - 🏆 47. / 63 Consulte Mais informação »

Stock market news today: US stocks waver amid earnings flood, with Big Tech on deckA marquee earnings day brings Big Tech results, in focus as investors assess the future of this year's rally.
Fonte: YahooFinanceCA - 🏆 47. / 63 Consulte Mais informação »

Stock market news today: US futures waver amid earnings flood, with Big Tech on deckA marquee earnings day brings Big Tech results, in focus as investors assess the future of this year's rally.
Fonte: YahooFinanceCA - 🏆 47. / 63 Consulte Mais informação »