NEW YORK — U.S. stocks are climbing and clawing back some of the losses from their worst week since April. The S&P 500 was up 0.7% in early trading Monday. The Dow Jones Industrial Average was up 112 points, or 0.3%, and the Nasdaq composite was up 1.1%. Big Tech stocks regained some of their sharp drops from last week. Nvidia and others had sputtered amid criticism they’d grown too expensive. Two of them, Alphabet and Tesla, will report their latest results on Tuesday.
Biden’s decision “barely dented financial markets,” Stephen Innes of SPI Asset Management said in a commentary. Dozens of companies will report their latest financial results this week, including Coca-Cola, General Motors, Alphabet, Tesla, Ford and Southwest and American airlines. Cybersecurity firm CrowdStrike said the issue believed to be behind the outage was not a security incident or cyberattack and that it had deployed a fix. The company said the problem lay in a faulty update sent to computers running Microsoft Windows.Verizon slipped 3.9% in early trading after the telecom giant reported second-quarter profit that met Wall Street expectations. Revenue, however, fell short of targets.
This came after the government recently reported the economy expanded at a slower-than-forecast 4.7% annual pace in the second quarter.
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:
Canada Canada Latest News, Canada Canada 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 opens higher after inflation continues to easeNEW YORK (AP) — Stocks are edging higher in early trading on Wall Street and are heading for their fourth weekly gain in a row.
Source: SooToday - 🏆 8. / 85 Read more »
Stock market today: Wall Street opens slightly lower; CrowdStrike sinks after tech outageNEW YORK (AP) — Wall Street is relatively quiet even as businesses around the world scramble to contain the effects of a disruptive technology outage. The S&P 500 slipped 0.1% early Friday, a day after a wipeout dragged much of the market lower.
Source: SooToday - 🏆 8. / 85 Read more »
Stock market today: Wall Street opens mixed ahead of congressional testimony from PowellNEW YORK (AP) — Stocks are opening mixed on Wall Street ahead of Federal Reserve Chair Jerome Powell’s testimony before the Senate Banking Committee. The S&P 500 was up 0.2% in the first few minutes of trading Tuesday.
Source: SooToday - 🏆 8. / 85 Read more »
Stock market today: Wall Street inches higher ahead of inflation reportStocks inched higher on Wall Street as markets wait for a key report on inflation. The S&P 500 edged up 0.1% Thursday. The Nasdaq composite added 0.3%, and the Dow Jones Industrial Average rose 0.1%.
Source: SooToday - 🏆 8. / 85 Read more »
Stock market today: Wall Street barely budges ahead of inflation reportNEW YORK (AP) — Stocks are barely budging in early trading on Wall Street as markets wait for a key report on inflation. The S&P 500 was up about 0.1% in the early going Wednesday. The Nasdaq composite was up 0.
Source: SooToday - 🏆 8. / 85 Read more »
Stock market today: Wall Street drifts in subdued trading around last week's recordsStocks drifted to a mixed close near the all-time highs they set last week. The S&P 500 index edged up 0.2% Wednesday. The Nasdaq composite rose 0.5%, and the Dow Jones Industrial Average edged up less than 0.1%.
Source: SooToday - 🏆 8. / 85 Read more »