The S&P 500 ticked up 6.35 points, or 0.1%, to 4,457.49 after falling for three straight days. It lost 1.3% for the week, which was shortened by the Labor Day holiday.
Such data have pushed yields higher in the bond market, which hurts stock prices. But yields held relatively steady on Friday, helping to keep Wall Street quiet. Smith & Wesson Brands jumped 10.8% after the gun maker reported stronger results for the three months through July than analysts expected. The summer is usually a lean season for the company, but its sales rose 35% from a year earlier.
The upcoming week could be a busier one for markets globally. The centerpiece is likely the latest monthly update on inflation in the United States, due on Wednesday. Economists expect it to show prices at the consumer level were 3.6% higher in August than a year earlier. In conversations with clients, strategists at Bank of America say they're hearing the belief that the Fed is done hiking rates and the acceptance that rates will stay higher for longer. "We disagree on the former and agree on the latter," the strategists led by Mark Cabana wrote in a BofA Global Research report. "Both imply higher rates."
Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:
Switzerland Neuesten Nachrichten, Switzerland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Stock market today: Big Tech stocks drag Wall Street down againNEW YORK (AP) — Wall Street is sinking again on worries that a too-warm economy will push the Federal Reserve to keep interest rates higher for longer. The S&P 500 fell 0.7% early Thursday, on track for a third straight loss.
Herkunft: SooToday - 🏆 8. / 85 Weiterlesen »
Stock market today: Wall Street drifts at the open, on track for a losing weekNEW YORK (AP) — Stocks are drifting, keeping Wall Street on track to close out its first losing week in the last three. The S&P 500 was up 0.2% early Friday. The Dow was flat and the Nasdaq composite edged up 0.3%.
Herkunft: SooToday - 🏆 8. / 85 Weiterlesen »
Asia Stocks to Follow Wall Street’s Apple-Led Drop: Markets WrapStocks in Asia were set to follow a big tech-led drop on Wall Street amid concern over how a Chinese ban on Apple Inc.’s iPhone could impact the industry that has driven this year’s market rally. The dollar strengthened and Treasuries rose.
Herkunft: BNNBloomberg - 🏆 83. / 50 Weiterlesen »
Asia Stocks to Follow Wall Street’s Apple-Led Drop: Markets Wrap(Bloomberg) -- Stocks in Asia were set to follow a big tech-led drop on Wall Street amid concern over how a Chinese ban on Apple Inc.’s iPhone could impact the industry that has driven this year’s market rally. The dollar held gains.Most Read from BloombergApple’s 2-Day Slide Nears $200 Billion on China IPhone CurbsTrudeau Says There’s No Room for Political Rapprochement With ChinaChina Seeks to Broaden iPhone Ban to State Firms, AgenciesSoaring US Dollar Raises Alarm as China, Japan Escalate FX
Herkunft: YahooFinanceCA - 🏆 47. / 63 Weiterlesen »
Stocks tumble with Fed's next move in focus, Apple losses deepen: Stock market news todayStocks were lower on Thursday amid building signs the US economy could be running hot.
Herkunft: YahooFinanceCA - 🏆 47. / 63 Weiterlesen »