Wall Street drifts as week of erratic swings comes to close

Workers wearing masks walk by the New York Stock Exchange during the coronavirus pandemic, Thursday, July 9, 2020, in New York.

The Dow Jones Industrial Average was virtually flat at 25,706, while the Nasdaq composited fell 0.7% from its record. Most stocks in the market were up, though, and the Russell 2000 index of small-cap stocks was 0.2% higher.Treasury yields were dipping a bit, while the price of gold peeked higher in another sign of caution continuing to hang over markets. Even Chinese stocks took a break from their torrid run. Stocks in Shanghai slumped nearly 2% for their first drop in nearly two weeks.

A report on Friday showed that prices at the wholesale level fell last month from May, a weaker reading than the growth that economists were expecting. It’s a signal of how weakened activity throughout the economy is keeping a lid on inflation. Because these tech giants are so big — just five of them make up 23% of the S&P 500′s market value — their movements have outsized sway on market indexes. That helped weigh on the S&P 500, even though most stocks in the index rose.

Europe rolled over into the close.

Increasing cases, with LESS mortality, mean we are crawling toward Herd Immunity. Painful but necessary.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Global stocks follow Wall Street higher after tech gainsGlobal stock markets follow Wall Street higher after further gains for U.S. technology stocks. Shanghai, Tokyo, Hong Kong and Sydney advanced. Wall Street turned in its sixth gain in seven days as Apple, Amazon and Microsoft rose. biometrics cybersecurity identity covert modified environment is what i have been subjected to at least as reported by the terrorists who espionage for over three years. i have lost five teeth in less than two years and have been injailed for asking for help on facebook And tomorrow is Thursday. Big fall is coming! Looks at trends before the crash last century. 🤷‍♂️👀
Source: AP - 🏆 728. / 51 Read more »

Chancellor: Wall Street is firmly in WonderlandAs society melts down, markets melt up. The constant manipulation of interest rates has turned the world of finance upside down. Serious investment has become impossible. It’s the sort of topsy-turvy state Lewis Carroll might have imagined if Alice was putting money to work.
Source: Breakingviews - 🏆 470. / 51 Read more »

Wall Street rallies as tech leads the wayWall Street’s rally got back on track Wednesday after more gains for big technology stocks helped pull the S&P 500 to its sixth gain in seven days.
Source: latimes - 🏆 11. / 82 Read more »