Most U.S. stocks slip in quiet trading after returning from a 3-day weekend

Most U.S. stocks fell in a quiet day of trading Tuesday after a tick higher in bond yields tightened the screws a bit on Wall Street. Nearly three out of every four stocks fell within the Standard & Poor's 500. But strength for a handful of highly influential tech stocks nevertheless helped the index hold up overall. It edged higher by 1.32 points, or less than 0.1%, to 5,306.04. The Dow Jones industrial average fell 216.73 points, or 0.6%, to 38,852.86.

It had been lower in the morning but began trimming its losses after a surprising report showed confidence among U.S. consumers is strengthening. Economists had been expecting it to show a drop in confidence. Strong spending by U.S. consumers has been one of the main reasons the economy has managed to defy predictions of a recession, at least so far, but some cracks have begun to show. Lower-income households in particular have begun to buckle under the pressure of still-high inflation.

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

Main Street or Wall Street: Who Has the Correct Market Prespective?Stocks Analysis by Jeffrey Roach covering: S&P 500, Target Corporation. Read Jeffrey Roach's latest article on Investing.com
Fonte: Investingcom - 🏆 450. / 53 Leggi di più »

Stock market today: Nasdaq sets another record as Wall Street wins back earlier lossesU.S. stocks rose in a bounce back from Wall Street’s worst day since April. The S&P 500 gained 0.7% to win back all its losses from earlier in the week. It eked out a fifth straight winni…
Fonte: mercnews - 🏆 88. / 68 Leggi di più »

Stock market today: Wall Street rises to erase most of its losses for the weekMost U.S. stocks are rising in a bounce back from Wall Street’s worst day since April. The S&P 500 was up 0.6% Friday, erasing most of its losses for the week. It has gained ground the la…
Fonte: mercnews - 🏆 88. / 68 Leggi di più »

Stock market today: Wall Street rises to erase its losses for the weekMost U.S. stocks are rising on Friday in a bounce back from Wall Street’s worst day since April.
Fonte: mercnews - 🏆 88. / 68 Leggi di più »