NEW YORK — Stocks are opening higher on Wall Street, clawing back some of the losses from a rare bumpy week for the market. The S&P 500 was up 0.3% in the early going Friday. The benchmark index hit its latest in a string of records a week ago. The Dow Jones Industrial Average edged up 54 points, or 0.2%. The Nasdaq composite was up 0.5%.
RH, formerly known as Restoration Hardware, climbed 13.3% despite missing Wall Street's sales and profit targets. The high-end furniture and housewares chain told investors that it expects strong demand to continue despite a housing market that's mired in a years-long slump. Britain's economy unexpectedly shrank by 0.1% month-on-month in October, following a 0.1% decline in September, according to data from the Office for National Statistics. The drop was driven by declines in construction and production, while the dominant services sector remained stagnant.In Asia, Chinese leaders wrapped up a two-day economic policy meeting in Beijing on Thursday.
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: Wall Street weakens as its post-election boom slows some moreNEW YORK (AP) — U.S. stocks slipped as the market’s big burst following Donald Trump’s election continued to cool. The S&P 500 dipped 0.6% Thursday. The Dow Jones Industrial Average dropped 0.5%, and the Nasdaq composite sank 0.6%.
Source: SooToday - 🏆 8. / 85 Read more »
Stock market today: Wall Street falls again as vaccine makers and tech stocks slideNEW YORK (AP) — 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.
Source: SooToday - 🏆 8. / 85 Read more »
Stock market today: Wall Street holds steadier after losing most of its Trump bumpNEW YORK (AP) — U.S. stocks are drifting as Wall Street holds steadier after seeing much of its rally following Donald Trump’s presidential victory dissipate. The S&P 500 was little changed in early trading Monday.
Source: SooToday - 🏆 8. / 85 Read more »
Stock market today: Wall Street rises following last week's slideNEW YORK (AP) — Most U.S. stocks ticked higher to recover some of their sharp slide from last week. The S&P 500 rose 0.4% Monday for its first gain in three days. The Dow Jones Industrial Average slipped 0.1%, and the Nasdaq composite gained 0.
Source: SooToday - 🏆 8. / 85 Read more »
Stock market today: Wall Street slips following escalations in the Russia-Ukraine warNEW YORK (AP) — U.S. stocks are slipping following escalations in the Russia-Ukraine war, as investors herd into gold, Treasury bonds and other investments traditionally seen as safer during times of trouble. The S&P 500 was 0.
Source: SooToday - 🏆 8. / 85 Read more »