NEW YORK — U.S. stocks are drifting as Wall Street’s momentum cools following its latest record-setting day. The S&P 500 was up 0.1% early Thursday, a day after setting an all-time high for the 25th time this year. The Dow Jones Industrial Average slipped 26 points, and the Nasdaq composite was 0.2% higher a day after hitting its own record. Lululemon Athletica climbed 4% after reporting better profit than expected.
Vista Outdoors jumped more than 8% after MNC Capital Partners announced that it boosted its all-cash bid for the outdoor sports and recreation company to $39.50 per share, or over $3 billion. Its previous offer was $37.50 per share. The Fed keeps a close watch on the labor market and wages when it considers whether to cut, raise or leave its benchmark borrowing rate alone. The Fed meets next week and most analysts expect the U.S. central bank to leave rates alone for the seventh straight time.
Australia’s S&P/ASX 200 gained 0.7% to 7,821.80 after data from the Australian Bureau of Statistics showed the country's trading surplus rebounded in April, with exports falling 2.5% and imports dropping 7.2%.
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:
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: 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 »
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: Wall Street opens lower, threatening to end a 4-day winning streakNEW YORK (AP) — Stocks are opening lower on Wall Street and threatening to end a four-day winning streak for the S&P 500. The benchmark index was down 0.4% early Wednesday. The Dow Jones Industrial Average slipped 0.
Source: SooToday - 🏆 8. / 85 Read more »
Stock market today: Asian shares mixed after Wall Street's lull stretches to a 2nd dayHONG KONG (AP) — Asian shares were mixed on Thursday after Wall Street’s lull stretched into a second day, with Chinese benchmarks rising after China...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: Wall Street is off to a mixed startNEW YORK (AP) — Stocks are drifting again on Wall Street. The S&P 500 was little changed early Thursday, the Dow Jones Industrial Average slipped 0.1%, and the Nasdaq composite was up 0.1%.
Source: SooToday - 🏆 8. / 85 Read more »
Stock market today: Wall Street rises to pull S&P 500 back within 1% of its recordNEW YORK (AP) — U.S. stocks rose to pull the S&P 500 back within 1% of its record following a rough April. The index climbed 0.5% Thursday. The Dow Jones Industrial Average rose 0.8%, and the Nasdaq composite gained 0.3%.
Source: SooToday - 🏆 8. / 85 Read more »