NEW YORK — U.S. stocks are drifting at the open of trading as the market’s big burst following Donald Trump’s election continues to cool. The S&P 500 added 0.1% in early Thursday trading. The Dow Jones Industrial Average rose 121 points, and the Nasdaq composite gained 0.2%. The Walt Disney Co. helped lead the market after reporting a stronger profit than analysts expected. ASML, a major supplier to the global chip industry, also gave some encouraging signals for semiconductor sales.
Subscribers to its streaming service, Disney+, also came in higher than expected and the entertainment behemoth raised its 2025 guidance ahead of analysts' projections. U.S. consumer inflation accelerated in October, but an underlying measure called “core inflation” did not rise. Such core inflation can be a better predictor of future trends, economists say, so the figures added to expectations for more help from the Federal Reserve.
While lower interest rates can give a boost to the economy and to prices for investments, they can also fuel inflation. Japan's Nikkei 225 index fell 0.5% to 38,535.70 and the Kospi in South Korea gained 0.1% to 2,418.86. Australia's S&P/ASX 200 gained 0.4% to 8,224.00.
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: Wall Street drifts after inflation update comes in as expectedNEW YORK (AP) — U.S. stocks drifted near their records after the latest inflation update boosted hopes that more help for the economy will arrive next month from another cut to interest rates. The S&P 500 ended little changed Wednesday.
Source: SooToday - 🏆 8. / 85 Read more »
Stock market today: Asian markets are mixed after another winning close on Wall StreetBANGKOK (AP) — Asian shares were mixed on Monday after U.S. stocks rose to records to close out their latest winning week. U.S. futures also were mixed and...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: Wall Street opens lower as Big Tech stocks pull backNEW YORK (AP) — Wall Street is feeling the downside of high expectations as Microsoft and Meta Platforms lead U.S. stock indexes lower despite delivering strong profits for the summer. The S&P 500 was down 0.
Source: SooToday - 🏆 8. / 85 Read more »
Stock market today: Wall Street ends mixed even as the Dow ekes out another recordNEW YORK (AP) — U.S. stocks ended on a mixed note following the latest signals that the U.S. economy continues to hum. The S&P 500 closed little changed Thursday. The Dow Jones Industrial Average added 0.
Source: SooToday - 🏆 8. / 85 Read more »
Stock market today: Wall Street opens lower as its recent rally cools some moreNEW YORK (AP) — Stocks are opening lower as more momentum comes out of Wall Street’s record-breaking rally. The S&P 500 was 0.3% lower early Wednesday. It’s coming off two small losses since setting an all-time high on Friday.
Source: SooToday - 🏆 8. / 85 Read more »
Stock market today: Wall Street drifts ahead of Election Day, while oil rises and yields sinkNEW YORK (AP) — U.S. stocks drifted ahead of a momentous week full of potential flashpoints, while oil prices climbed and Treasury yields dropped. The S&P 500 slipped 0.3% Monday, even though the majority of stocks within the index rose.
Source: SooToday - 🏆 8. / 85 Read more »