Stock market today: Wall Street drifts near records as bond yields recover some of last week's loss

FILE - Trader William Lovesick, right works on the floor of the New York Stock Exchange, June 12, 2024. Shares have opened mixed in Europe on Monday, June 17, 2024, as markets recovered from shocks of recent elections across the region. NEW YORK — U.S. stocks are drifting in quiet trading Monday ahead of what could be a quiet, holiday-shortened week.

This upcoming week has few top-tier economic reports for the United States, outside of Tuesday’s update on how much customers are spending at U.S. retailers and Friday’s preliminary look at the state of U.S. business activity. Markets will also be closed Wednesday for the Juneteenth holiday. High interest rates hurt all kinds of investments, and they tend to hit some areas particularly hard. Real-estate stocks, for example, can struggle when high rates make conditions tougher for the industry and draw income-seeking investors away from them and toward bonds.

Broadcom rose 3.9% to add to its gains from last week after it reported better profit than expected and said it would undergo a 10-for-one stock split to make its price more affordable. It followed Nvidia, which just executed a similar split and rose 1% Monday. Nvidia and Broadcom were the two strongest forces pushing upward on the S&P 500.

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: Wall Street mostly quiet following a record-breaking sessionWall Street was subdued before the bell Thursday, one day after markets were again pushed to records by the fever around artificial intelligence
Herkunft: Mynorthwest - 🏆 438. / 53 Weiterlesen »

Stock market today: World stocks rise after Wall Street barrels to recordsWorld stocks are higher after Wall Street barreled to new records as the frenzy around artificial-intelligence technology keeps sending stocks higher.
Herkunft: wjxt4 - 🏆 246. / 63 Weiterlesen »

Stock market today: World stocks rise after Wall Street barrels to recordsWorld stocks are higher after Wall Street barreled to new records as the frenzy around artificial-intelligence technology keeps sending stocks higher.
Herkunft: ksatnews - 🏆 442. / 53 Weiterlesen »

Stock market today: Asian stocks rise after Wall Street barrels to recordsHONG KONG (AP) — Asian markets rose Thursday after Wall Street barreled to records Wednesday as the frenzy around artificial-intelligence technology keeps sending stocks higher.
Herkunft: AP - 🏆 728. / 51 Weiterlesen »

Stock market today: Global stocks trade mixed after Wall Street logs modest gainsGlobal shares are mixed as investors weigh data highlighting a slowing U.S. economy that offers both upsides and downsides for Wall Street.
Herkunft: wjxt4 - 🏆 246. / 63 Weiterlesen »

Stock market today: Global stocks trade mixed after Wall Street logs modest gainsGlobal shares are mixed as investors weigh data highlighting a slowing U.S. economy that offers both upsides and downsides for Wall Street.
Herkunft: ksatnews - 🏆 442. / 53 Weiterlesen »