The S&P 500 was 0.3% higher in early trading, coming off its latest record-setting week. The Nasdaq composite was up 0.6%, as of 9:33 a.m. Eastern time, but the Dow Jones Industrial Average was pulling back by 116 points, or 0.3%, from its record set on Friday.
“While clearly welcome, the efforts may be insufficient to spur a new reflationary cycle,” according to Lisa Shalett, chief investment officer at Morgan Stanley Wealth Management.that it expects to report that it burned through $1.3 billion in cash during the latest quarter and lost $9.97 per share. Boeing also said it was laying off 10% of its workforce as it tries to deal with a strike that is crippling production of the company’s best-selling airline planes.
Italy is taking a first group of migrants to Albania aboard a navy ship, a source close to the matter said on Monday, activating a controversial plan to process thousands of asylum-seekers abroad. Giorgia Meloni's government has built two reception centres in Albania, the first such deal involving a European Union nation diverting migrants to a non-EU country in an effort to deter irregular arrivals.
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Stock market today: Wall Street drifts in mixed trading ahead of Fed meeting this weekNEW YORK (AP) — U.S. stocks are drifting in mixed trading, offering a break from their whipsaw moves in recent weeks. The S&P 500 slipped 0.1% early Monday. The Dow Jones Industrial Average was up 255 points, or 0.
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Stock market today: Wall Street leaps toward records as jubilation sweeps markets worldwideNEW YORK (AP) — Wall Street is roaring toward records Thursday as a delayed reaction of jubilation sweeps markets worldwide following the Federal Reserve’s big cut to interest rates. The S&P 500 was 1.
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Stock market today: Wall Street drifts near its records as FedEx slumps and Nike sprints higherNEW YORK (AP) — Wall Street is quieter on Friday, and U.S. stocks are drifting after they leaped to records the day before during a worldwide rally.
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Stock market today: Wall Street wavers a day after setting record highsU.S. stocks are drifting in early trading after leaping to records the day before as part of a worldwide rally. The S&P 500 was down 0.2% Friday but still on track for its fifth winning week in the last six.
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Stock market today: Wall Street closes out a record-setting week on a quiet noteNEW YORK (AP) — A record-setting week for Wall Street closed on a quieter note. U.S. stocks mostly pulled back from their highs hit during a worldwide rally the day before, even as the Dow Jones Industrial Average edged up to another record.
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Stock market today: Wall Street hangs near its all-time highsNEW YORK (AP) — U.S. stock indexes are hanging near their all-time highs in quiet trading. The S&P 500 was up 0.1% in early trading Monday.
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