Stock market today: Wall Street opens higher, trimming its losses for the week

NEW YORK — Stocks are opening higher on Wall Street to trim their losses for the week. The S&P 500 was up 0.7% in early trading Thursday, a day after swinging sharply when the Federal Reserve said it’s likely delaying cuts to interest rates, but not planning to raise them. The Dow Jones Industrial Average was up 224 points, and the Nasdaq composite was up 1%. Qualcomm rose after topping forecasts for profit and revenue in the latest quarter.

At the same time, Powell said it was unlikely that a rate hike was coming at the Fed's next policy meeting in June, calming fears swirling in the market. In premarket equities trading, DoorDash tumbled 11% after the food delivery app issued a profit forecast that came in below analyst targets. Investors also seemed concerned about rising costs for the company, which said it increased both marketing and research spending during the quarter.

Now that the Fed rate decision has passed, outside of corporate earnings investors will be focused on labor market data. Coming later Thursday is the government's latest weekly tally of layoffs, followed by its more comprehensive April jobs report on Friday.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Stock market today: Wall Street holds steadier following its worst day in weeksNEW YORK (AP) — U.S. stock indexes are holding steadier Wednesday following their worst day in weeks. The S&P 500 was 0.2% higher in morning trading and...
Источник: YahooFinanceCA - 🏆 47. / 63 Прочитайте больше »

Stock market today: Wall Street edges higher following its worst day in weeksNEW YORK (AP) — Stocks closed mostly higher, as Wall Street steadied itself following its worst day in weeks. The S&P 500 rose 0.1% Wednesday, clawing back a bit of its loss from the prior day. The Dow Jones Industrial Average slipped 0.
Источник: SooToday - 🏆 8. / 85 Прочитайте больше »

Stock market today: Wall Street edges higher following surprisingly strong US jobs reportNEW YORK (AP) — Stocks rose on Wall Street Friday and Treasury yields climbed following a hot U.S. jobs report. The S&P 500 rose 0.5%. The Dow Jones Industrial Average gained 113 points, or 0.3% as of 10:10 a.m. Eastern.
Источник: SooToday - 🏆 8. / 85 Прочитайте больше »

Stock market today: Wall Street gains ground following surprisingly strong US jobs reportNEW YORK — Stocks ended solidly higher and bond yields rose Friday as Wall Street welcomed a surprisingly strong U.S. jobs report. The S&P 500 rose 1.1...
Источник: YahooFinanceCA - 🏆 47. / 63 Прочитайте больше »

Stock market today: Wall Street gains ground following surprisingly strong US jobs reportNEW YORK — Stocks posted solid gains on Wall Street as a strong report on employment showed the U.S. economy continues to chug along. The S&P 500 rose 1.1% Friday. The Dow Jones Industrial Average rose 307 points and the Nasdaq composite rose 1.
Источник: SooToday - 🏆 8. / 85 Прочитайте больше »