Stock market today: Stocks build on record-setting rally

Stocks regathered momentum Friday afternoon, building on a record-setting rally and following a blowout month that ended with optimism coming off an an influential inflation reading. The S&P 500 gained 0.8%, coming off a record close and best February in almost a decade. The benchmark index notched another record intraday high. The Dow Jones Industrial Average rose 0.3% or about 115 points, while the tech-heavy Nasdaq 100 rose 1.2%.

But further scrutiny has highlighted signs of "sticky" inflation that will be harder to shift. Among big movers, shares in New York Community Bancorp tumbled 23% after the exit of its CEO, a $2.7 billion quarterly loss, and findings of "material weaknesses" in the bank's loan processes. Meanwhile, Dell shares rose 28% in the wake of a quarterly sales and profit beat fueled by AI prospects for its servers.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Stock market today: US stocks close lower as early rate cut hopes fadeHopes now rest on a jam-packed week of corporate earnings to keep the rally alive.
Herkunft: YahooFinanceCA - 🏆 47. / 63 Weiterlesen »

Stock market today: Stocks little changed following record-setting weekStocks are stacking up gains again after Nvidia results sparked a global rally that has the chipmaker eyeing a $2 trillion valuation.
Herkunft: YahooFinanceCA - 🏆 47. / 63 Weiterlesen »

Stock market today: US stocks mixed as Wall Street watches and waitsStocks have lost momentum as investors regroup after the tumultuous run-up last week and as focus sharpens on the health of the US economy.
Herkunft: YahooFinanceCA - 🏆 47. / 63 Weiterlesen »

Stock market today: Stocks waver after Fed's preferred inflation gauge meets expectationsInvestors are on edge for the PCE reading, seen as key to assessing how quickly the Fed will start cutting rates.
Herkunft: YahooFinanceCA - 🏆 47. / 63 Weiterlesen »

Stock market today: S&P, Dow hit record highs as Nvidia ignites global rallyStocks powered higher as investors celebrated Nvidia's blowout results, which beat sky-high expectations and revived the AI frenzy.
Herkunft: YahooFinanceCA - 🏆 47. / 63 Weiterlesen »

Stock market today: US futures take time out after breakout rallyStocks are consolidating after Nvidia results sparked a global rally that has the chipmaker eyeing a $2 trillion valuation.
Herkunft: YahooFinanceCA - 🏆 47. / 63 Weiterlesen »