News Formal

Stock market today: Wall Street drifts as Oracle soars and banks and oil slump

  • 📰 latimes
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 82%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

U.S. stocks drifted to a mixed close following several weeks of sharp swings

U.S. stocks drifted to a mixed finish on Tuesday following several weeks of sharp swings. The S&P 500 rose 0.4% to pull within 3% of its record set in July. It flipped between small gains and losses through the day, but the moves were nothing like its careens since the summer, driven by worries about the slowing U.S. economy and whether coming cuts to interest rates will keep it out of a possible recession. The Dow Jones Industrial Average fell 92 points, or 0.

Like stocks, Treasury yields have been swinging sharply ahead of the Federal Reserve’s meeting next week, where the widespread expectation is for it to cut its main interest rate for the first time since the COVID crash of 2020. The Fed is turning its focus away from stifling high inflation and toward protecting the economy.

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:

 /  🏆 11. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

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 shares echo Wall Street rally as investors gauge inflation dataAsian shares are trading mostly higher after a rally on Wall Street that regained some of the losses from the market’s worst week in nearly a year and a half. Benchmarks rose in Tokyo, Sydney, Seoul and Hong Kong in Tuesday morning trading.
Source: AP - 🏆 728. / 51 Read more »

Stock market today: Wall Street holds steady following its best week of the yearU.S. stocks are holding steady as Wall Street’s roller coaster of a summer levels out a bit. The S&P 500 was 0.2% higher in early Monday trading, coming off its best week of the year. The Dow Jones Industrial Average rose 125 points, and the Nasdaq composite added 0.1%.
Source: AP - 🏆 728. / 51 Read more »

Stock market today: Asian shares echo Wall Street rally as investors gauge inflation dataAsian shares are trading mostly higher after a rally on Wall Street that regained some of the losses from the market’s worst week in nearly a year and a half.
Source: wjxt4 - 🏆 246. / 63 Read more »