NEW YORK — Stocks are giving back some of their big gains from earlier in the week as Wall Street’s rally loses some steam. The S&P 500 was 0.3% lower early Friday and on track for its first drop in seven days. The Dow Jones Industrial Average was off 69 points, or 0.2%, and the Nasdaq composite was down 0.4%. Treasury yields fell in the bond market after a report showed homebuilders broke ground on fewer projects last month.
The Hang Seng in Hong Kong added 1.9% to 17,430.16, while the Shanghai Composite index edged 0.1% higher at 2,879.43. In South Korea, the Kospi jumped 2% to close at 2,697.23. Australia’s S&P/ASX 200 advanced 1.3% to 7,971.10. Treasury yields also leaped in the bond market following the encouraging economic report. One said U.S. shoppers increased their spending at retailers last month by much more than economists expected, while another said fewer U.S. workers applied for unemployment benefits.
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:
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: Asian stocks track Wall Street gains ahead of central bank meetingsAsian stocks started the week with gains ahead of central bank policy meetings in the United States and Japan, after a broad rally on Wall Street that capped...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: Big tech stocks dive again to halt Wall Street's record-setting rallyNEW YORK (AP) — Wall Street’s record-breaking rally ran into a wall, as worries about potentially worsening trade tensions with China hit stocks of chip companies.
Source: SooToday - 🏆 8. / 85 Read more »
Stock market today: Trade worries hit technology stocks, pulling Wall Street lowerNEW YORK (AP) — Wall Street’s record-setting rally ran into a wall as worries about worsening trade tensions with China slammed some of the market’s biggest winners of the year. The S&P 500 was 0.
Source: SooToday - 🏆 8. / 85 Read more »
Stock market today: Trade worries hit technology stocks, pulling Wall Street lowerNEW YORK (AP) — Wall Street’s record-setting rally ran into a wall as worries about worsening trade tensions with China slammed some of the market’s biggest winners of the year. The S&P 500 was 0.
Source: SooToday - 🏆 8. / 85 Read more »
Stock market today: Wall Street holds steadier a day after big drop in tech stocksNEW YORK (AP) — Wall Street is holding steadier following the worst day for big technology stocks since 2022. The S&P 500 was up 0.2% in early trading Thursday, and the Nasdaq composite was up 0.6%.
Source: SooToday - 🏆 8. / 85 Read more »
Stock market today: A washout on Wall Street sends stocks, big to small, lowerNEW YORK (AP) — A widespread washout for U.S. stocks dragged Wall Street lower on Thursday. The S&P 500 dropped 0.8% to pull further from its all-time high set on Tuesday. The Dow Jones Industrial Average tumbled 533 points, or 1.
Source: SooToday - 🏆 8. / 85 Read more »