Stock market today: Wall Street is off to a mixed start

NEW YORK — Stocks are drifting again on Wall Street. The S&P 500 was little changed early Thursday, the Dow Jones Industrial Average slipped 0.1%, and the Nasdaq composite was up 0.1%. A report showing a pickup in layoffs helped to keep the market steady. Investors hope the economy can stay solid enough to avoid a bad recession, but not so strong that it puts upward pressure on inflation. Robinhood Markets jumped after breezing past analysts’ forecasts.

Beyond Meat, the maker of plant-based meat substitutes, fell 12.9% after it posted a much wider loss than analysts expected as demand continued to crater. Treasury yields have largely been easing since Federal Reserve Chair Jerome Powell said last week that 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, meanwhile, 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.

Automaker Mitsubishi Motors Corp.'s shares dropped 4.9% after the company forecasted a 7% lower net profit in the fiscal year that will end in March 2025. “We're always prepared to do so if necessary. We might do it today. We might do it tomorrow,” Masato Kanda, the Finance Vice Minister for International Affairs.

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 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 higher, adding to a hot start for the weekNEW YORK (AP) — Stocks are ticking higher on Wall Street and adding to their hot start to the week. The S&P 500 was up 0.5% in early trading on Tuesday, pulling further out of the hole created by a six-day losing streak.
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 higher at the start of a busy weekNEW YORK (AP) — Stocks edged higher as Wall Street readies for a week packed with potentially market-moving news. The S&P 500 rose 0.3% Monday. The Dow Jones Industrial Average climbed 0.4%, and the Nasdaq composite rose 0.3%.
Sumber: SooToday - 🏆 8. / 85 Baca lebih lajut »

Stock market today: Indexes drift to a mixed close as Wall Street remains in a lullNEW YORK (AP) — 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.
Sumber: SooToday - 🏆 8. / 85 Baca lebih lajut »