NEW YORK — U.S. stock indexes drifted to a mixed finish after a quiet day of trading, and the Nasdaq composite rose to another record. The Nasdaq climbed 0.7% Monday. The S&P 500 edged up by 0.1% to finish just short of its all-time high. The Dow Jones Industrial Average slipped 0.5% in its first trading after closing above the 40,000 level for the first time. Norwegian Cruise Line helped lead the market higher after giving financial forecasts that topped analysts’ expectations.
All three of the big U.S. stock indexes set records last week in large part because of revived hopes that the Federal Reserve will be able to cut interest rates this year as inflation hopefully cools. More reports showing big U.S. companies are earning fatter profits than expected also boosted stock prices.
Target was down 2.2% after it said Monday it would cut prices on thousands of everyday essentials, like milk and diapers, in an acknowledgment of how customers are looking for relief from higher prices.
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 ends higher, sending Nasdaq to a record highNEW YORK (AP) — Stocks ended higher on Wall Street, sending the Nasdaq composite to another record. The S&P 500 rose 0.5%, and is sitting just shy of its own all-time high. The Dow Jones Industrial Average added 0.3%.
Source: SooToday - 🏆 8. / 85 Read more »
Stock market today: Indexes drift to a mixed close as Wall Street remains in a lullNEW YORK (AP) — Stock drifted to a mixed close as Wall Street remains in a lull. The S&P 500 closed little changed Wednesday, after a big three-day winning streak gave way to a tiny gain the prior day. The Dow Jones Industrial Average rose 0.
Source: SooToday - 🏆 8. / 85 Read more »
Stock market today: Nasdaq touches intraday record, Dow struggles to top 40,000 againInvestors are bracing for Fed minutes and Nvidia earnings in coming days that could test the recent rally in stocks.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: Nasdaq touches new record, Dow tries to top 40,000 againInvestors are bracing for Fed minutes and Nvidia earnings in coming days that could test the recent rally in stocks.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: Nasdaq sinks 2% as stocks plummet to end worst month of 2024Investors marked time ahead of the Fed's rate decision, with earnings from Amazon on deck to test prospects for a Big Tech-fueled bump.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
S&P/TSX composite rises, Nasdaq leads Wall St. rally after tech earningsTORONTO — Gains in base metal stocks helped lift Canada's main stock index on Friday while U.S. markets also rose, led by tech stocks as the Nasdaq jumped two per cent.
Source: SooToday - 🏆 8. / 85 Read more »