News Formal

Stocks rise on Wall Street, but remain lower for the week

  • 📰 AP
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 51%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

NEW YORK (AP) — Stocks rose in morning trading on Wall Street Thursday, but remain lower for the week after five straight losses. The S&P 500 rose 0.9% as of 10:14 a.m. Eastern. The Dow Jones Industrial Average rose 244 points, or 0.7%, to 33,842 and the Nasdaq rose 1.2%.

FILE - The New York Stock Exchange on June 29, 2022, in New York. NEW YORK — Stocks rose in morning trading on Wall Street Thursday, but remain lower for the week after five straight losses.

The S&P 500 rose 0.9% as of 10:14 a.m. Eastern. The Dow Jones Industrial Average rose 244 points, or 0.7%, to 33,842 and the Nasdaq rose 1.2%. Energy stocks had some of the biggest gains as U.S. crude oil prices rose 2.6%. after hitting their lowest point of the year a day earlier. Exxon Mobil rose 2.4%.

Bond yields rose. The yield on the 10-year Treasury note, which helps set mortgage rates, rose to 3.48% from 3.42% late Wednesday.The U.S. reported slightly more Americans filed for jobless claims last week, but not as many as economists had forecast. The labor market remains one of the strongest pockets of the economy, which has been stifled under the weight of stubbornly hot inflation and rising interest rates.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 728. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks fall again on Wall Street, extending recent lossesStocks fell again on Wall Street, extending the market's recent string of losses
Source: WOKVNews - 🏆 247. / 63 Read more »

Stocks decline in Asia, extending losses on Wall StreetShares are lower in Asia after benchmarks fell again on Wall Street on fears the Federal Reserve will need to keep the brakes on the economy to get inflation under control, risking a sharp recession
Source: WOKVNews - 🏆 247. / 63 Read more »

Stock Market News Today: Dow Drops 400 Points, Nasdaq and S&P 500 DownThe Dow fell more than 500 points, extending this week's declines on worries about the outlook for interest rates DJ only 8% down on 2022 .. stills not pricing any kind of recession. There is waaay more to go, on the downside, unless a ton of inflation is priced in — and it does not appear to be a valid assumption. Good.
Source: WSJ - 🏆 98. / 63 Read more »