U.S. Stocks Rebound After Worst Drop in Weeks

  • 📰 latimes
  • ⏱ Reading Time:
  • 25 sec. here
  • 12 min. at publisher
  • 📊 Quality Score:
  • News: 48%
  • Publisher: 82%

Finance News

U.S. Stocks,Rebound,Worst Drop

U.S. stocks rebounded on Wednesday following their worst drop in weeks. The S&P 500 and Nasdaq composite saw slight gains, while the Dow Jones slipped slightly. GE Aerospace led the S&P 500 with a significant jump, while Cal-Maine Foods reported stronger profits. However, Intel and Walt Disney Co. experienced drops in their stock prices.

U.S. stocks held firmer Wednesday, a day after their worst drop in weeks. The S&P 500 inched up 5.68 points, or 0.1%, to 5,211.49 The Dow Jones industrial average slipped 43.10 points, or 0.1%, to 39,127.14, and the Nasdaq composite added 37.01 points, or 0.2%, to close at 16,277.46. GE Aerospace helped lead the S&P 500 with a jump of 6.7%. It was the second day of trading for the company after it split off its power and energy business, marking the end of the General Electric conglomerate.

Cal-Maine Foods rose 3.6% after reporting stronger profit for the latest quarter than expected by selling a record number of eggs. They helped offset an 8.2% drop for Intel, which disclosed financial details about key parts of its business for the first time, including its money-losing foundry business. Walt Disney Co. fell 3.1% after shareholders voted against installing an activist investor to its board who had promised to shake up the company to lift its stock pric

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 11. in BUSİNESS

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.

These 5 stocks are beating the S&P 500 — and analysts expect them to rise even furtherCNBC Pro screened the S&P 500 and the Vanguard FTSE All-World ex-US ETF for stocks that are beating the market so far this year — and that analysts love.
Source: CNBC - 🏆 12. / 72 Read more »

S&P 500 Sets Another Record—And These Stocks Hit All-Time HighsI'm a New Jersey-based Senior Reporter on our news desk. I graduated in 2021 from Duke University, where I majored in Economics and served as sports editor for The Chronicle, Duke's student newspaper. Send tips at dsaulforbes.com.
Source: Forbes - 🏆 394. / 53 Read more »

3 High-Potential S&P 500 Healthcare Stocks Offering 30%+ UpsideStocks Analysis by Investing.com (David Wagner) covering: Gilead Sciences Inc, Cardinal Health Inc, Cigna Corp, Bristol-Myers Squibb Company. Read Investing.com (David Wagner)'s latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »

These undervalued dividend stocks are poised for a rebound, according to Wall StreetInvestors looking for income along with potential capital appreciation may want to look at underperforming dividend stocks.
Source: CNBC - 🏆 12. / 72 Read more »

European stocks open higher as regional markets rebound; UK recession confirmedEuropean markets had a positive open Thursday, bouncing back from lackluster momentum earlier this week.
Source: nbcchicago - 🏆 545. / 51 Read more »

US stocks rebound after recent losses; Fed Governor Waller set to speakUS stocks rebound after recent losses; Fed Governor Waller set to speak
Source: Investingcom - 🏆 450. / 53 Read more »