NEW YORK — U.S. stocks are drifting in quiet trading ahead of what could be a quiet, holiday-shortened week. The S&P 500 was off 0.1% in early trading Monday, near its record set on Thursday. The Dow Jones Industrial Average was down 127 points, and the Nasdaq composite was up 0.1%. Treasury yields rose, which added some pressure on the stock market.
The June 6-9 polls saw the European Parliament shift to the right. Voters dealt major blows to governing parties in heavyweight countries France and Germany, and investors worry that could weaken the European Union, stall fiscal plans and ultimately hurt France’s ability to pay its debt.In Asian trading, shares mostly fell after China kept a key lending rate unchanged and reported its factory output slowed in May, with the property market still deep in the doldrums.
Factory output fell 5.6% in China in May, the government reported, below analysts' forecasts and slowing from 6.7% the month before. Retail sales rose just 4.1% in the first five months of the year. Most markets in Southeast Asia were closed for holidays, while Thailand's SET lost 1.8% ahead of several key court decisions expected Tuesday in cases against the ruling party or its allies.
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Stock market today: Wall Street drifts in quiet trading after returning from 3-day weekendU.S. stock indexes are drifting near their record heights after Wall Street returned from a three-day weekend. The S&P 500 was up 0.1% early Tuesday and just below its record set last week.
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Stock market today: Wall Street opens mixed after its latest winning weekNEW YORK (AP) — Wall Street is opening on a quiet note following its latest winning week. The S&P 500 was up 0.1% in early trading Monday. The Dow Jones Industrial Average was little changed, and the Nasdaq composite was up 0.2%.
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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: Nasdaq, S&P pop to records as Wall Street waits for Nvidia earningsInvestors biding their time for Nvidia results looked to retail earnings and Fedspeak for clues to the economy.
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