Stock market today: Wall Street coasts to the close of another winning week as Nvidia cools again

The S&P 500 slipped 0.2%, but it remained close to its all-time high set on Tuesday and capped its eighth winning week in the last nine. The Dow Jones Industrial Average edged up by 15 points, or less than 0.1%, while the Nasdaq composite dropped 0.2%.

Shares of Trump Media & Technology Group rallied back from an early loss and rose 3.4% to trim its loss for the week to 25.3%. The company behind Donald Trump’s Truth Social platform had seen its stock nearly halve since theAll told, the S&P 500 dipped 8.55 points to 5,464.62. The Dow Jones Industrial Average rose 15.57 to 39,150.33, and the Nasdaq composite dropped 32.23 to 17,689.36.

“Historical comparisons indicate that the latest decline brings the survey’s price gauge into line with the Fed’s 2% inflation target,” according to Chris Williamson, chief business economist at S&P Global Market Intelligence. Fed officials themselves have penciled in one or two cuts in 2024 to their main interest rate, which has been sitting at its highest level in more than two decades. The economy is still growing, though it has slowed recently under the weight of high rates.The yield on the 10-year Treasury edged down to 4.25% from 4.26% late Thursday. The yield on the two-year Treasury, which more closely tracks expectations for Fed action, dipped to 4.73% from 4.74%.

Nigeria Nigeria Latest News, Nigeria Nigeria 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 drifts as Nvidia loses some more momentumNEW YORK (AP) — U.S. stocks drifted to a quiet close of the week, as Nvidia’s stock continued to cool from its startling, supernova run. The S&P 500 slipped 0.2% Friday, though it’s still near the all-time high it set on Tuesday.
Source: SooToday - 🏆 8. / 85 Read more »

Stock market today: Nvidia keeps flying and helps keep Wall Street near its recordsNEW YORK (AP) — Nvidia, the chip company that’s become Wall Street’s most influential stock, is rising again and helping to keep U.S. indexes around their record highs despite a mixed set of reports on the economy. The S&P 500 was up 0.
Source: SooToday - 🏆 8. / 85 Read more »

Stock market today: Nvidia climbs to Wall Street's mountaintop as stocks broadly driftNEW YORK (AP) — U.S. stocks edged up to more records following the latest signal that the economy’s growth may be slowing without cratering, while Nvidia continued its rocket ride upward to become Wall Street’s most valuable company.
Source: SooToday - 🏆 8. / 85 Read more »

Stock market today: Wall Street ticks higher as Nvidia, GameStop and others leapNEW YORK (AP) — Most stocks are ticking higher as Wall Street approaches its recently set records. The S&P 500 was up 0.4% in early trading, coming off its sixth winning month in the last seven.
Source: SooToday - 🏆 8. / 85 Read more »

Stock market today: S&P 500, Nasdaq hover near records as Nvidia becomes most valuable stockTechs are continuing to lead an AI-driven rally that investors simply can't afford to miss out on.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »