News Formal

Stock market today: Wall Street rallies and adds to its hot start to the week

  • 📰 AP
  • ⏱ Reading Time:
  • 35 sec. here
  • 16 min. at publisher
  • 📊 Quality Score:
  • News: 66%
  • Publisher: 51%

Financial Markets Nyheter

Stocks And Bonds,General Motors Co,Kimberly-Clark Corp

Stocks are rallying on Wall Street and adding to their hot start to the week. The S&P 500 was up 1.1% Tuesday, pulling further out of the hole created by a six-day losing streak. The Dow Jones Industrial Average was up 240 points, and the Nasdaq composite rose 1.5%. A flood of earnings reports is dictating trading.

FILE - The “Fearless Girl” statue stands in front of the New York Stock Exchange in New York, March 19, 2024. The S&P 500 was up 1.1% in afternoon trading to pull further out of the hole created by a six-day losing streak. The Dow Jones Industrial Average was up 240 points, or 0.6%, as of 12:24 p.m. Eastern time, and the Nasdaq composite was 1.5% higher.

A flood of earnings reports was also dictating much of trading. Danaher was one of the strongest forces lifting the S&P 500 after it reported stronger profit for the first quarter than analysts expected. It rose 7.2% after citing strength in its bioprocessing and molecular diagnostics businesses. Sherwin Williams sank 2% after it likewise missed expectations, in part because of weaker paint sales for new homes amid the industry’s challenges with high mortgage rates.

With skeptics still calling the broad stock market too expensive, criticism would ease either if companies produce higher profits or if interest rates fall. The latter has been looking less likely.

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 728. in SE
 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Stock market today: Global shares trading mixed after Wall Street’s momentum coolsGlobal shares are mixed in muted trading, as a wait and see mood prevails in markets around the world.
Källa: ksatnews - 🏆 442. / 53 Läs mer »

Stock market today: Global shares trading mixed after Wall Street’s momentum coolsGlobal shares are mixed in muted trading, as a wait and see mood prevails in markets around the world.
Källa: wjxt4 - 🏆 246. / 63 Läs mer »

Stock market today: Asian shares trading mixed after Wall Street’s momentum coolsAsian shares were mixed in muted trading, as buying in some markets was soon erased by profit-taking. Japan’s benchmark Nikkei 225 finished little changed Tuesday. Shares fell in Sydney, but rose in South Korea and China. Wall Street edged back further from its record heights reached last week. The S&P 500 slipped 0.
Källa: AP - 🏆 728. / 51 Läs mer »

Stock market today: Asian shares trade mixed after Wall Street closes near record finishAsian shares are trading mixed as investors await further indications of future U.S. interest rate cuts. Chinese markets rose while shares fell in Tokyo and Seoul Monday. The Chinese yuan dipped to its lowest level in four months. Oil prices advanced and U.S. futures were lower.
Källa: AP - 🏆 728. / 51 Läs mer »

Stock market today: Asian shares trade mixed after Wall Street closes near record finishAsian shares are trading mixed as investors await further indications of future U.S. interest rate cuts.
Källa: wjxt4 - 🏆 246. / 63 Läs mer »