FILE - The New York Stock Exchange, at rear, is shown on Sept. 24, 2024, in New York. for the third time this week and the 42nd time this year. The Dow Jones Industrial Average was up 170 points, or 0.4%, as of 11:15 a.m. Eastern time, and the Nasdaq composite was edging up 0.3%.
A big winner of the AI frenzy, Super Micro Computer, was meanwhile giving back some of its huge gains after more than tripling last year. Its stock tumbled 10.9% following a report from The Wall Street Journal saying the U.S. Department of Justice is probing the seller of servers and storage systems.
The fear is that the job market could weaken further as the cumulative effects of all the Fed’s past hikes to interest rates show themselves. The Fed kept its main interest rate at a two-decade high for more than a year in hopes of slowing the U.S. economy enough to stifle inflation. U.S. employers have already begun to
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