Stock market today: Wall Street rises to add to last week’s gains

NEW YORK — U.S. stocks closed higher on Wall Street, adding to last week’s gains. The S&P 500 climbed 1% Monday. The Dow Jones Industrial Average rose 0.5%, and the Nasdaq composite added 1.2%. Treasury yields held steady in the bond market following last week’s big moves on hopes that a cooling job market could get the Federal Reserve to cut interest rates this year. Berkshire Hathaway rose after Warren Buffett’s company reported its latest quarterly results over the weekend.

They helped to offset an 11.3% slide for Spirit Airlines, which reported a slightly worse loss than expected. The carrier said it’s facing increased competition in many of its markets, particularly between the United States and Latin America. Apple slipped 1.3% after Buffett pared Berkshire Hathaway's stake in the tech giant.

Goldman Sachs economist David Mericle said he still expects two cuts to rates this year, in July and November, after Fed Chair Jerome Powell “pushed back strongly against the possibility of further rate hikes” at his press conference last week. But several more big names are still on the way this week, including The Walt Disney Co. and Uber Technologies.

Colombia Últimas Noticias, Colombia Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Stock market today: Wall Street opens higher, adding to last week's gainsNEW YORK (AP) — U.S. stocks are ticking higher as last week’s rush of market-moving events gives way to what could be a quieter week. The S&P 500 was up 0.5% early Monday.
Fuente: SooToday - 🏆 8. / 85 Leer más »

Stock market today: Asian stocks track Wall Street gains ahead of earnings reportsHONG KONG (AP) — Asian share benchmarks were mostly higher Tuesday after U.S. stocks clawed back a chunk of their losses from the week before. U.S. futures...
Fuente: YahooFinanceCA - 🏆 47. / 63 Leer más »

Stock market today: Wall Street rallies after hiring shows welcome signs of coolingNEW YORK — Stocks closed sharply higher on Wall Street, erasing their losses for the week, after the government reported a cooldown in hiring last month.
Fuente: SooToday - 🏆 8. / 85 Leer más »

Stock market today: Wall Street surges as key report shows pullback in hiringNEW YORK (AP) — Wall Street opened sharply higher, erasing its losses for the week, after the government reported a cooldown in hiring last month.
Fuente: SooToday - 🏆 8. / 85 Leer más »

Stock market today: Wall Street climbs to trim its loss for the weekNEW YORK (AP) — U.S. stocks closed higher and trimmed their losses for the week. The S&P 500 climbed 0.9% Thursday, a day after swinging sharply when the Federal Reserve said it’s likely delaying cuts to interest rates.
Fuente: SooToday - 🏆 8. / 85 Leer más »