NEW YORK — Stock drifted to a mixed close as Wall Street remains in a lull. The S&P 500 closed little changed Wednesday, after a big three-day winning streak gave way to a tiny gain the prior day. The Dow Jones Industrial Average rose 0.4%, and the Nasdaq composite fell 0.2%. Uber Technologies slumped after reporting worse results for the latest quarter than analysts expected. Shopify tumbled after giving a forecast for slowing revenue growth.
Shopify tumbled 19.5% despite reporting better profit and revenue for the latest quarter than analysts expected. The company, which helps businesses sell things online, said its revenue growth would likely slow this quarter and that it would likely make less profit off each $1 in revenue. They helped to offset Lyft, which revved 4.3% higher after topping expectations for profit and revenue. It said growth was particularly strong for early-morning, commute and weekend-evening trips.
Most companies have been reporting stronger profits for the start of the year than analysts expected. That and newly revived hopes for coming cuts to interest rates by the Federal Reserve have helped the U.S. stock market to recover from its rough April.
Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:
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 falls sharply to close out its worst week since OctoberNEW YORK (AP) — U.S. stocks fell sharply following a mixed start to earnings reporting season. The S&P 500 sank 1.5% Friday. The Dow dropped 1.2%, and the Nasdaq composite fell 1.6% from its record.
Sumber: SooToday - 🏆 8. / 85 Baca lebih lajut »
Stock market today: Tesla cruises higher as most of Wall Street drifts in mixed tradingNEW YORK (AP) — U.S. stocks drifted to a mixed finish. The S&P 500 closed little changed Wednesday after a two-day winning streak erased nearly two-thirds of last week’s steep loss. The Dow Jones Industrial Average fell 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 opens lower, threatening to end a 4-day winning streakNEW YORK (AP) — 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.
Sumber: SooToday - 🏆 8. / 85 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 »