Stock market today: Wall Street climbs to trim its loss for the week

NEW YORK — U.S. stocks closed higher and trimmed their losses for the week. The S&P 500 climbed 0.9% Thursday, a day after swinging sharply when the Federal Reserve said it’s likely delaying cuts to interest rates. The Dow Jones Industrial Average also rose 0.9%, and the Nasdaq composite added 1.5%. Qualcomm, Carvana and other companies helped lead the market after reporting stronger results for the latest quarter than expected.

“The markets will be hungry for any data suggesting the economy isn’t heating up any more than it did in” the first three months of 2024, according to Chris Larkin, managing director, trading and investing, at E-Trade from Morgan Stanley. That would give the Fed more leeway to consider cutting rates.

Apple climbed 2.9% ahead of its profit report, scheduled to arrive after trading ends Thursday. It’s the latest to report among the group of stocks known as the “Magnificent Seven,” which drove the majority of the market’s gains last year. Linde was one of the heaviest weights on the S&P 500, sinking 4.9%, despite reporting stronger results for the latest quarter than expected. Revenue for the industrial gases and engineering company fell short of Wall Street’s expectations, as did the midpoint of its forecasted range for earnings in the current quarter.

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.

Stock market today: Wall Street holds steadier following its worst day in weeksNEW YORK (AP) — U.S. stock indexes are holding steadier Wednesday following their worst day in weeks. The S&P 500 was 0.2% higher in morning trading and...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Wall Street edges higher following its worst day in weeksNEW YORK (AP) — Stocks closed mostly higher, as Wall Street steadied itself following its worst day in weeks. The S&P 500 rose 0.1% Wednesday, clawing back a bit of its loss from the prior day. The Dow Jones Industrial Average slipped 0.
Source: SooToday - 🏆 8. / 85 Read more »

Stock market today: Wall Street edges higher following surprisingly strong US jobs reportNEW YORK (AP) — Stocks rose on Wall Street Friday and Treasury yields climbed following a hot U.S. jobs report. The S&P 500 rose 0.5%. The Dow Jones Industrial Average gained 113 points, or 0.3% as of 10:10 a.m. Eastern.
Source: SooToday - 🏆 8. / 85 Read more »

Stock market today: Wall Street gains ground following surprisingly strong US jobs reportNEW YORK — Stocks ended solidly higher and bond yields rose Friday as Wall Street welcomed a surprisingly strong U.S. jobs report. The S&P 500 rose 1.1...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Wall Street gains ground following surprisingly strong US jobs reportNEW YORK — Stocks posted solid gains on Wall Street as a strong report on employment showed the U.S. economy continues to chug along. The S&P 500 rose 1.1% Friday. The Dow Jones Industrial Average rose 307 points and the Nasdaq composite rose 1.
Source: SooToday - 🏆 8. / 85 Read more »