U.S. stocks are clawing back some of their losses from the day before as falling oil prices release some of the pressure that’s built up on the market. The S&P 500 was 0.5% higher in early trading Tuesday and pulling closer to its all-time high set early last week. The Dow Jones Industrial Average was up 130 points, or 0.3%, and nearing its own record. The Nasdaq composite was 0.5% higher.
U.S. stocks are hovering near record territory out of relief that interest rates are finally heading back down now that the Federal Reserve has widened its focus to include keeping the economy humming instead of just fighting high inflation. The yield on the two-year Treasury, which more closely tracks expectations for the Fed, ticked down to 3.98% on Tuesday after jumping to 3.99% a day earlier.
With earning season kicking off, PepsiCo shares fell 1% after it lowered its organic revenue forecast for the year. U.S. consumers continue to pull back on buying its snacks and drinks after years of price increases. Shares initially soared 10% in Shanghai on Tuesday but then slid back a bit as details of economic stimulus plans from officials in Beijing fell short of what investors were hoping for.
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Stock market today: Wall Street opens higher and claws back some of last week's lossesNEW YORK (AP) — U.S. stocks are clawing back some of the losses from their worst week in nearly a year and a half. The S&P 500 was 0.8% higher in early trading Monday. The index is coming off a four-day losing streak.
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Stock market today: Wall Street drifts near record highs following recent big movesNEW YORK (AP) — U.S. stocks are drifting around their records as financial markets around the world take a pause following big recent moves. The S&P 500 was up 0.1% in early trading Wednesday.
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Stock market today: Wall Street leaps toward records as jubilation sweeps markets worldwideNEW YORK (AP) — Wall Street is roaring toward records Thursday as a delayed reaction of jubilation sweeps markets worldwide following the Federal Reserve’s big cut to interest rates. The S&P 500 was 1.
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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.
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Stock market today: Wall Street slides as Treasury yields climb back above 4%NEW YORK (AP) — U.S. stocks slid after Treasury yields hit their highest levels since the summer and oil prices continued to climb. The S&P 500 fell 1% Monday, though it’s still close to its all-time high set a week ago.
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Stock market today: Wall Street rallies following a burst of hiring in SeptemberNEW YORK (AP) — U.S. stocks are rallying on a rush of optimism after a report showed employers went on a stronger spree of hiring last month. The S&P 500 was 0.7% higher in early trading Friday and pulling toward its all-time high set on Monday.
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