U.S. stocks coasted to the close of their latest winning week on Friday, as Nvidia ’s stock continued to cool from its startling, supernova run. The Standard & Poor's 500 slipped 0.2%, but it remained close to its all-time high set on Tuesday and capped its eighth winning week in the last nine. The Dow Jones industrial average edged up 15 points, or less than 0.1%, while the Nasdaq composite dropped 0.2%. Nvidia again dragged on the market, falling 3.2% on Friday.
Concerns are already high for the continent ahead of a French election that could further rattle financial markets. The weak business activity report dragged down yields in Europe, which at first pressured Treasury yields. But U.S. yields recovered much of those losses after another report said later in the morning that U.S. business activity may be stronger than thought. Overall output growth hit a 26-month high, according to S&P Global’s preliminary reading of activity among U.S.
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: Global shares mostly decline as Nvidia weighs on Wall StreetGlobal shares are mostly lower after a retreat on Wall Street, where a drop in Nvidia stock pulled stocks lower.
Source: ksatnews - 🏆 442. / 53 Read more »
Source: AP - 🏆 728. / 51 Read more »
Source: wjxt4 - 🏆 246. / 63 Read more »
Source: Investingcom - 🏆 450. / 53 Read more »
Source: NBCPhiladelphia - 🏆 569. / 51 Read more »