Stock market today: Asian shares mostly advance after Wall St comeback from worst loss since 2022On Thursday, the S&P 500 lost 0.5% following its slide from the day before, closing at 5,399.22. The Dow Jones Industrial Average rose 0.2% to 39,935.07, while the Nasdaq composite sank 0.9% to 17,181.72.
The Russell 2000 index of smaller stocks jumped 1.3%. It’s up 8.6% this month, versus a loss of 1.1% for the big stocks in the S&P 500.and most of the handful of Big Tech stocks that have been primarily responsible for the S&P 500’s run to records this year weighed on the market. They had tumbled a day earlier after profit reports fromknown as the “Magnificent Seven” are rising or falling makes a huge impact on Wall Street because they’ve grown so mammoth in market value.
Cuts to rates would release pressure that’s built up on both the economy and financial markets, and investors are thinking it would be a big boost for stocks whose profits are more closely tied to the strength of the economy than Big Tech’s.both reported profits for the spring that topped analysts’ expectations. Southwest also announced a break from a tradition of 50 years: It will start assigning seats and selling premium seating for customers who want more legroom.
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