Stock market today: Wall Street adds slightly to its record highs

NEW YORK — U.S. stock indexes added slightly to their record highs in relatively subdued trading on Wall Street. The S&P 500 rose 0.3% Monday, beating the all-time high it set on Thursday. The benchmark index is coming off its fifth winning week in the last six. The Dow Jones Industrial Average added 0.1% to its own record set Friday. The Nasdaq composite rose 0.1%. Treasury yields held relatively steady after a report suggested U.S.

Financial markets have been romping higher after the Federal Reserve last week cut its main interest rate for the first time in more than four years by an unusually large amount. The hope is that as it continues to cut interest rates, the boost given to the U.S. economy through lower rates for car loans, mortgages and other borrowing will help it avoid a recession.

The overall figures suggest a U.S. economy that's still growing at a healthy rate, according to Chris Williamson, chief business economist at S&P Global Market Intelligence."But there are some warning lights flashing, notably in terms of the dependence on the service sector for growth, as manufacturing remained in decline, and the worrying drop in business confidence.”

Such economic reports, particularly on the job market, are taking top priority on Wall Street because the main fear is now a slowdown in the job market. It’s a notable shift from prior years, when the most attention was on anything related to inflation.

इंडिया ताज़ा खबर, इंडिया मुख्य बातें

Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।

Stock market today: Wall Street wavers a day after setting record highsU.S. stocks are drifting in early trading after leaping to records the day before as part of a worldwide rally. The S&P 500 was down 0.2% Friday but still on track for its fifth winning week in the last six.
स्रोत: SooToday - 🏆 8. / 85 और पढो »

Stock market today: Wall Street hangs near its all-time highsNEW YORK (AP) — U.S. stock indexes are hanging near their all-time highs in quiet trading. The S&P 500 was up 0.1% in early trading Monday.
स्रोत: SooToday - 🏆 8. / 85 और पढो »

Stock market today: Wall Street hovers around records ahead of Nvidia earnings and inflation dataNEW YORK (AP) — Wall Street is hovering around record highs at the start of a week featuring another full slate of corporate earnings and the government’s...
स्रोत: YahooFinanceCA - 🏆 47. / 63 और पढो »

Stock market today: Wall Street opens lower, pulling the Dow below its record highNEW YORK (AP) — Stocks are opening slightly lower on Wall Street, pulling the Dow Jones Industrial Average a bit below the record high it set a day earlier. The Dow gave back 63 points in the first few minutes of trading Tuesday, or 0.1%.
स्रोत: SooToday - 🏆 8. / 85 और पढो »

Stock market today: Wall Street quiet as markets await Nvidia's latest earnings reportNEW YORK (AP) — Stocks are mostly unchanged in light trading as investors look ahead to an eagerly anticipated earnings report from the semiconductor company Nvidia, whose chips power AI applications. The S&P 500 slipped 0.
स्रोत: SooToday - 🏆 8. / 85 और पढो »

Wall Street eyes Nvidia results, SMCI stock tumbles: Yahoo FinanceNvidia (NVDA) will report its second quarter results this afternoon. The stock's rally has been driving the market gains, so Wall Street will closely watch...
स्रोत: YahooFinanceCA - 🏆 47. / 63 और पढो »