NEW YORK — Wall Street is drifting Tuesday and may be heading toward its first back-to-back gain in what’s been a miserable August.
Nvidia, one of Wall Street's most influential stocks, swung from an early gain to a loss of 1.1% ahead of its earnings report on Wednesday, one that could be pivotal for the stock market. Another Big Tech stock, Microsoft, was the strongest single force pushing the S&P 500 higher. It rose 0.7% as U.K. regulators consider a revamped bid by the company to buy video game maker Activision Blizzard, which would be one of the biggest deals in tech history.
Macy’s fell 6.7% despite reporting stronger results for the latest quarter than Wall Street expected. It also stood by its financial forecasts for the full year, though it said economic conditions look uncertain. More fireworks could come later this week, when Fed Chair Jerome Powell is scheduled to give a highly anticipated speech. He’ll be speaking Friday at a Fed event in Jackson Hole, Wyoming, the site of several major policy announcements by the Fed in the past.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock market today: Wall Street opens higher, clawing back some of August's lossesNEW YORK (AP) — Wall Street is ticking higher to claw back a bit of its deep losses for August so far. The S&P 500 was up 0.3% in early trading Monday, coming off its third losing week in a row. The Dow rose 21 points and the Nasdaq composite was up 0.4%. The relatively quiet trading followed a mixed performance for stock markets worldwide. The week’s main event for markets is likely to be a speech on Friday by Federal Reserve Chair Jerome Powell. The Jackson Hole, Wyoming, setting has been the
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: Wall Street opens higher, clawing back some of August's lossesNEW YORK (AP) — Wall Street is ticking higher to claw back a bit of its deep losses for August so far. The S&P 500 was up 0.3% in early trading Monday, coming off its third losing week in a row.
Source: SooToday - 🏆 8. / 85 Read more »
Stock market today: Wall Street holds firmer after three-week slide as Big Tech stocks reboundNEW YORK (AP) — Wall Street closed mixed, holding a bit firmer following its three-week losing streak. The S&P 500 rose 0.7% Monday as gains for Tesla, Microsoft and other Big Tech stocks lifted the index.
Source: SooToday - 🏆 8. / 85 Read more »
Stock market today: Asian stocks follow Wall Street higher ahead of Federal Reserve conferenceBEIJING (AP) — Asian stocks followed Wall Street higher on Tuesday as traders waited for signs of interest rate plans from this week's Federal Reserve conference. Tokyo, Hong Kong and Seoul rose. Shanghai declined. Oil prices edged lower. Wall Street's benchmark S&P 500 index rose Monday for its first gain in five days as tech stocks rallied. Traders hope officials at the Fed's summer Jackson Hole, Wyoming, conference say they are finished raising interest rates that are at a two-decade high. Bu
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: Wall Street ticks higher in early trading, led again by Big TechNEW YORK (AP) — Wall Street is ticking higher in early trading, on track for its first back-to-back gain in what’s been a miserable August. The S&P 500 was up 0.3% early Tuesday, coming off a gain powered by Big Tech stocks.
Source: SooToday - 🏆 8. / 85 Read more »
Stock futures higher as 10-year yield backs off 16-year high: Stock market news todayStocks were pointing to gains at the open after a tech rally on Monday reversed some of the lackadaisical trading we've seen so far in August.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »