Stock market today: Wall Street drifts in quiet trading after returning from 3-day weekend

U.S. stock indexes are drifting near their record heights after Wall Street returned from a three-day weekend. The S&P 500 was up 0.1% early Tuesday and just below its record set last week. The Dow Jones Industrial Average was down 111 points, and the Nasdaq composite was up 0.4% after setting its latest all-time high. U.S. Cellular climbed after T-Mobile US said it would buy most of the company in a deal valued at $4.4 billion, including debt.

GameStop, one of the original meme stocks, is off and running again, jumping more than 25% in premarket trading. After the bell Friday, the video game retailer announced that it had sold the maximum number of shares in its most recent offering — 45 million — bringing in more than $933 million for the company.

That stubborn inflation has made it difficult for the Fed to cut interest rates, which typically boosts the stock market. In Asian trading, Chinese markets rose and then fell after senior leaders of the ruling Communist Party met and affirmed Beijing’s determination to contain financial risks. The housing industry plays a huge role in driving the economy and its troubles have weighed on growth.

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.

Stock market today: Asian stocks drift after Wall Street closes another winning weekHONG KONG (AP) — Asian stocks were mostly lower on Monday after Wall Street coasted to the close of another winning week. U.S. futures were mixed and oil...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Indexes drift to a mixed close as Wall Street remains in a lullNEW YORK (AP) — Stock drifted to a mixed close as Wall Street remains in a lull. The S&P 500 closed little changed Wednesday, after a big three-day winning streak gave way to a tiny gain the prior day. The Dow Jones Industrial Average rose 0.
Source: SooToday - 🏆 8. / 85 Read more »

Wall Street is getting even more bullish on stocksWall Street is growing increasingly optimistic as the stock market rally rolls on.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Nasdaq sets another record as Wall Street wins back earlier lossesNEW YORK (AP) — U.S. stocks rose in a bounce back from Wall Street’s worst day since April. The S&P 500 gained 0.7% to win back all its losses from earlier in the week.
Source: SooToday - 🏆 8. / 85 Read more »

Stock market today: Wall Street opens slighlty higher but is still heading for a losing weekNEW YORK (AP) — Stocks are opening modestly higher following Wall Street’s worst day since April. The S&P 500 was up 0.3% in early trading Friday, but it may still be heading for its first losing week in the last five.
Source: SooToday - 🏆 8. / 85 Read more »