Stock market today: Wall Street opens lower, threatening to end a 4-day winning streak

NEW YORK — Stocks are opening lower on Wall Street and threatening to end a four-day winning streak for the S&P 500. The benchmark index was down 0.4% early Wednesday. The Dow Jones Industrial Average slipped 0.1%, and the Nasdaq composite was down 0.6%. Uber Technologies slumped after reporting worse results for the latest quarter than analysts expected. Lyft revved higher after topping expectations for profit and revenue.

Markets have steadied after Federal Reserve Chair Jerome Powell said the central bank remains closer to cutting its main interest rate than hiking it, despite a string of stubbornly high readings on inflation this year. A cooler-than-expected jobs report on Friday suggested the U.S. economy could pull off the balancing act of staying solid enough to avoid a bad recession without being so strong that it keeps inflation too high.

Market players are watching to see how authorities react to the yen's persisting weakness against the U.S. dollar. A weak yen helps the profits of Japanese companies that earn much of their revenue overseas, but fluctuations in rates can upend planning and the yen's weakness has severely eroded the purchasing power of both households and businesses, pushing up costs of imports of food and energy, among other things.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Stock market today: Wall Street opens lower after latest hotter-than-expected economic reportNEW YORK (AP) — Stocks are slipping after the latest hotter-than-forecast reading on the economy raised more worries about inflation and interest rates staying high. The S&P 500 was 0.
Sumber: SooToday - 🏆 8. / 85 Baca lebih lajut »

Stock market today: Wall Street edges lower in premarket after mixed earnings from big banksHONG KONG — Wall Street veered into negative territory early Friday after several big banks issued mixed first-quarter earnings reports and trimmed guidance ...
Sumber: YahooFinanceCA - 🏆 47. / 63 Baca lebih lajut »

Stock market today: Wall Street holds steady as earnings reports wind downNEW YORK (AP) — U.S. stocks are holding relatively steady as trading on Wall Street calms following some sharp recent swings. The S&P 500 was up 0.2% in early trading Tuesday, coming off a strong three-day winning streak.
Sumber: SooToday - 🏆 8. / 85 Baca lebih lajut »

Stock market today: Wall Street rises to add to last week’s gainsNEW YORK (AP) — 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%.
Sumber: SooToday - 🏆 8. / 85 Baca lebih lajut »

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.
Sumber: SooToday - 🏆 8. / 85 Baca lebih lajut »