Germany’s DAX lost 1.1% to 18,363.59 while the CAC 40 in Paris was down 1.6% to 7,475.17. In London, the FTSE 100 declined 0.5% to 8,126.38.
Elsewhere, Hong Kong’s Hang Seng lost 0.9% to 17,311.05, led by the Hang Seng Tech Index which sank 1.5%. The Shanghai Composite shed 0.5% to 2,901.95. But the smaller stocks in the Russell 2000 continued their big run and rose 1%. They’ve zoomed higher amid hopes for coming cuts to interest rates., with the headliners of Alphabet and Tesla coming after trading closed for the day. Expectations are high, and analysts are forecasting the strongest profit growth for S&P 500 companies broadly since late 2021, according to FactSet.
NFL offseason power rankings: No. 6 Buffalo Bills try to avoid a step back after another playoff lossFive players on Australia's women's water polo team for the Paris Olympics have tested positive for COVID-19. Anna Meares, the chef de mission for the Australian team in Paris, said the COVID cases have been confined to the water polo team.
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: Big Tech surges as S&P 500 crosses 5,600 for first timeJerome Powell steps up for part two of his policy update to Congress, with investors on the alert for more clues to rate-cut prospects.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: Most of Wall Street climbs on encouraging inflation report, but Big Tech slumpsNEW YORK (AP) — Most U.S. stocks rose after the latest update on inflation bolstered Wall Street’s belief that relief on interest rates may come as soon as September.
Source: SooToday - 🏆 8. / 85 Read more »
Stock market today: Big tech stocks dive again to halt Wall Street's record-setting rallyNEW YORK (AP) — Wall Street’s record-breaking rally ran into a wall, as worries about potentially worsening trade tensions with China hit stocks of chip companies.
Source: SooToday - 🏆 8. / 85 Read more »
Stock market today: Wall Street holds steadier a day after big drop in tech stocksNEW YORK (AP) — Wall Street is holding steadier following the worst day for big technology stocks since 2022. The S&P 500 was up 0.2% in early trading Thursday, and the Nasdaq composite was up 0.6%.
Source: SooToday - 🏆 8. / 85 Read more »
Big Tech Stock Slump Amps Up Pressure to Deliver on Earnings(Bloomberg) -- The stakes were already elevated for technology giants heading into this earnings season. They just got a lot higher after the worst week for ...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: Wall Street climbs as Big Tech recovers following worst week in monthsNEW YORK (AP) — U.S. stocks closed broadly higher, clawing back some of the losses from their worst week since April. The S&P 500 rose 1.1% Monday, breaking a three-day losing streak.
Source: SooToday - 🏆 8. / 85 Read more »