NEW YORK — U.S. stocks are falling again as their big rally following last week’s presidential election and cut to interest rates continues to fade. The S&P 500 fell 0.7% Friday. The Dow Jones Industrial Average dropped 141 points, and the Nasdaq composite sank 1.2%. Pfizer and other makers of vaccines were helping pull the market lower after President-elect Donald Trump said he wants Robert F. Kennedy Jr., a prominent anti-vaccine activist, to be his Secretary of Health and Human Services.
Lower interest rates can act as fuel for the stock market, and the broad expectation that the Fed was ready to go on a rate-cutting binge put investors in a buying mood. Elsewhere, in Europe at midday, Britain’s FTSE 100 fell a modest 0.1% after data from the Office for National Statistics showed economic growth slowed to 0.1% in the July-September quarter from the 0.5% in the previous quarter. It was below analysts' estimates.In Tokyo, the Nikkei 225 index gained 0.3% to 38,642.91. The yen has been weakening against the U.S. dollar, boosting share prices for exporter like Nissan Motor Co., whose shares jumped 4.5% on Friday.
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 falls again as its march to records loses more steamNEW YORK (AP) — US. stocks are falling again, and the S&P 500 is on track for its first back-to-back loss in a month and a half as Wall Street’s record-breaking rally loses more momentum. The S&P 500 was 0.5% lower in early trading Tuesday.
Source: SooToday - 🏆 8. / 85 Read more »
Stock market today: Wall Street drifts around its records as the US economy keeps hummingNEW YORK (AP) — U.S. stocks are drifting around their records Thursday following the latest signals that the U.S. economy continues to hum.
Source: YahooFinanceCA - 🏆 47. / 63 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 hangs around its record highs as earnings reports come in mixedNEW YORK (AP) — U.S. stocks are hanging around their records after Netflix jumped and CVS Health slid amid mixed reports on profits. The S&P 500 was up 0.2% in early trading Friday and flirting with its all-time high set early this week.
Source: SooToday - 🏆 8. / 85 Read more »
Stock market today: Wall Street notches more records and logs its latest winning weekNEW YORK (AP) — U.S. stocks rose to more records and closed out their longest weekly winning streak of the year. The S&P 500 rose 0.4% Friday.
Source: SooToday - 🏆 8. / 85 Read more »
Stock market today: Asian markets are mostly higher after another winning close on Wall StreetBANGKOK (AP) — Asian shares have opened mostly higher after U.S. stocks rose to records to close out their latest winning week. U.S. futures and oil prices...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »