News Formal

Stock market today: Wall Street hangs around its records after Dow briefly tops 40,000

  • 📰 SooToday
  • ⏱ Reading Time:
  • 44 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 85%

Россия Новости Новости

Россия Последние новости,Россия Последние новости

NEW YORK (AP) — U.S. stocks drifted to a mixed close near their record levels after the Dow Jones Industrial Average briefly topped the 40,000 level for the first time. The Dow ended with a loss of 0.1% Thursday.

NEW YORK — U.S. stocks drifted to a mixed close near their record levels after the Dow Jones Industrial Average briefly topped the 40,000 level for the first time. The Dow ended with a loss of 0.1% Thursday. The S&P 500 index, which is much more widely followed on Wall Street, slipped 0.2%. The Nasdaq composite fell 0.3%. All three indexes set records on Wednesday amid revived hopes that cooling inflation will allow the Federal Reserve to cut its main interest rate this year.

Walmart was one of the strongest forces lifting the market, and it rose 7.2% after reporting stronger profit for the latest quarter than analysts expected. It also said its revenue for the year could top the forecasted range it had earlier given. Chubb climbed 4.8% after Warren Buffett’s Berkshire Hathaway disclosed it had built an ownership stake in the insurer.

Treasury yields have largely eased in May as hopes rose that the economy could hit the hoped-for sweet spot, where it cools enough because of high interest rates to stifle inflation but not so much that it causes a bad recession. Yields rose Thursday following some mixed data on the economy. The yield on the 10-year Treasury ticked up to 4.37% from 4.35% late Wednesday. The two-year yield, which moves more closely with expectations for action by the Fed, rose to 4.79% from 4.72%.

Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 8. in RU
 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки

Россия Последние новости, Россия Последние новости

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

Stock market today: Stocks pull back from records after Dow touches 40,000 for first timeSigns inflation continues to cool is pushing stocks to record highs, with the Dow crossing 40,000 for the first time ever on Thursday.
Источник: YahooFinanceCA - 🏆 47. / 63 Прочитайте больше »

Dow surpasses 40,000, Walmart’s stock hits a record high: Yahoo FinanceThe Dow Jones Industrial Average (^DJI) hit a major milestone, crossing 40,000 for the first time. It’s part of a broader rally, with both the S&P 500 and...
Источник: YahooFinanceCA - 🏆 47. / 63 Прочитайте больше »

Stock market today: Dow touches 40,000 as stocks hover at record highsSigns inflation continues to cool is pushing stocks to record highs, with the Dow crossing 40,000 for the first time ever on Thursday.
Источник: YahooFinanceCA - 🏆 47. / 63 Прочитайте больше »

Stock market today: Dow Jones Industrial Average hits 40,000 points for the first timeNEW YORK (AP) — Stocks are adding to their gains on Wall Street, sending the Dow Jones Industrial Average above 40,000 points for the first time. The market had rallied a day earlier folllowing a report showing that inflation was cooling.
Источник: SooToday - 🏆 8. / 85 Прочитайте больше »

Stock market open: Dow Jones on path for 40,000 benchmarkThe three major stock market averages (^DJI, ^IXIC, ^GSPC) generally open higher to start Thursday's session: the S&P 500 floats above its record-high of...
Источник: YahooFinanceCA - 🏆 47. / 63 Прочитайте больше »