NEW YORK — U.S. stocks held relatively steady after a report suggested the job market is cooling. The S&P 500 edged up 0.2% Tuesday. The Dow Jones Industrial Average rose 0.4%, and the Nasdaq composite added 0.2%. Treasury yields slid after the report showed U.S. employers advertised fewer job openings at the end of April than economists expected. Wall Street actually wants the job market and overall economy to slow. That could convince the Federal Reserve to cut interest rates.
Wall Street actually wants the job market and overall economy to slow. That could help get inflation under control and convince the Federal Reserve to cut interest rates, which would ease the pressure on financial markets. Traders upped their expectations for coming cuts to rates following the data report.
But it also followed a report on Monday that showed U.S. manufacturing contracted in May for the 18th time in 19 months. Worries about a slowing economy have hit the price of crude oil in particular this week, raising the possibility of less growth in demand for fuel. Elsewhere on Wall Street, Bath & Body Works tumbled 12.5% despite topping expectations for revenue and profit in the latest quarter. Analysts called its forecast for results in the current quarter underwhelming.
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Stock market today: Wall Street holds near record highs in early tradingHONG KONG — U.S. stock are drifting around their records, continuing a dayslong run of quiet trading. The S&P 500 was down 0.1% early Wednesday, a day after setting its latest all-time high. The Dow Jones Industrial Average was down 55 points.
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Stock market today: Wall Street holds steady near record levelsNEW YORK (AP) — U.S. stocks are holding relatively steady near their record levels as Wall Street appears to be headed for another quiet day. The S&P 500 was down 0.1% early Tuesday.
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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.
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Stock market today: Wall Street slips ahead of job market dataNEW YORK (AP) — U.S. stocks drifted lower as investors await a trove of labor market data this week. The S&P 500 fell 0.2% in early trading Tuesday. The Dow Jones Industrial Average fell 148 points, and the Nasdaq slipped 0.1%.
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Stock market today: Wall Street ends mixed after the latest signal of a slowdownNEW YORK (AP) — Stocks ended mixed on Wall Street following the latest signal showing the U.S. economy is slowing. The S&P 500 edged up 0.1% Monday after erasing a midday slump.
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Stock market today: Wall Street ticks higher as Nvidia, GameStop and others leapNEW YORK (AP) — Most stocks are ticking higher as Wall Street approaches its recently set records. The S&P 500 was up 0.4% in early trading, coming off its sixth winning month in the last seven.
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