The S&P 500 was virtually flat and edged up by 1.08, or less than 0.1%, to 5,071.63. It had jumped sharply in the first two days of the week to claw back nearly two-thirds of last week’s steep loss. The Dow Jones industrial average slipped 42.77, or 0.1%, to 38,460.92, and the Nasdaq composite added 16.11, or 0.1%, to 15,712.75. Tesla jumped 12.
Wednesday’s report said that orders for machinery, airplanes and other long-lasting manufactured goods were stronger last month than expected. Wall Street is in an awkward place where it wants the economy to avoid a painful recession, but not to be so hot that it keeps upward pressure on inflation and persuades the Fed not to cut rates. The yield on the 10-year Treasury rose to 4.64% from 4.60% late Tuesday. On Wall Street, railroad operator Norfolk Southern fell 3.
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.
Tesla stock targets slashed across Wall Street after earnings missTesla stock targets slashed across Wall Street after earnings miss
Source: Investingcom - 🏆 450. / 53 Read more »
Stock market today: Global shares trading mixed after Wall Street’s momentum coolsGlobal shares are mixed in muted trading, as a wait and see mood prevails in markets around the world.
Source: ksatnews - 🏆 442. / 53 Read more »
Stock market today: Global shares trading mixed after Wall Street’s momentum coolsGlobal shares are mixed in muted trading, as a wait and see mood prevails in markets around the world.
Source: wjxt4 - 🏆 246. / 63 Read more »
Stock market today: Asian shares trading mixed after Wall Street’s momentum coolsAsian shares were mixed in muted trading, as buying in some markets was soon erased by profit-taking. Japan’s benchmark Nikkei 225 finished little changed Tuesday. Shares fell in Sydney, but rose in South Korea and China. Wall Street edged back further from its record heights reached last week. The S&P 500 slipped 0.
Source: AP - 🏆 728. / 51 Read more »
Stock market today: World shares are mixed after a tech-led retreat on Wall StreetWorld shares are mixed after sinking technology stocks sent Wall Street lower again.
Source: wjxt4 - 🏆 246. / 63 Read more »
Stock market today: World shares are mixed after a tech-led retreat on Wall StreetWorld shares are mixed after sinking technology stocks sent Wall Street lower again.
Source: ksatnews - 🏆 442. / 53 Read more »