NEW YORK — U.S. stocks closed lower as Wall Street counted down to its main event for the week, a speech by Federal Reserve Chair Jerome Powell coming up on Friday. The S&P 500 lost 0.9% Thursday, its worst day in more than two weeks. The Dow Jones Industrial Average fell 0.4%, and the Nasdaq composite gave back 1.7%. Stocks fell as Treasury yields cranked up the pressure in the bond market following some mixed data on the U.S.
One report showed slightly more U.S. workers applied for unemployment benefits last week than expected. The number is still low relative to history, but the uptick could signal a job market that continues to cool. That’s why so much attention is on Jackson Hole, Wyoming, where Powell will speak Friday at an economic symposium that’s been home to big Fed policy announcements in the past. The hope is Powell will give clues about how quickly and deeply the Fed may cut rates to ease conditions for the economy.
Internet-connected exercise company Peloton soared 38.4% after it topped sales forecasts and lost less money in the latest quarter than analysts were expecting. It achieved modest revenue growth for the first time in more than two years.
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:
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: Wall Street slightly lower as airlines post earnings ahead of latest GDP reportWall Street leaned toward losses before the opening bell Thursday as more earnings poured in while investors waited for the latest data on how the U.S...
Källa: YahooFinanceCA - 🏆 47. / 63 Läs mer »
Stock market today: Wall Street opens mixed as Big Tech steadies itselfNEW YORK (AP) — U.S. stocks are stanching the bleeding, a day after their worst losses since 2022 led to a wipeout for financial markets circling the world.
Källa: SooToday - 🏆 8. / 85 Läs mer »
Stock market today: Asian stocks track Wall Street gains ahead of central bank meetingsAsian stocks started the week with gains ahead of central bank policy meetings in the United States and Japan, after a broad rally on Wall Street that capped...
Källa: YahooFinanceCA - 🏆 47. / 63 Läs mer »
Stock market today: Wall Street drifts in mixed trading at the start of a frenetic weekNEW YORK (AP) — Stocls are mostly rising at the start of a week full of earnings reports from Wall Street’s most influential companies and a Federal Reserve meeting on interest rates. The S&P 500 was 0.
Källa: SooToday - 🏆 8. / 85 Läs mer »
Stock market today: Wall Street drifts, and crude oil slides ahead of a frenetic weekNEW YORK (AP) — U.S. stock indexes drifted to a mixed close ahead of a week full of earnings reports from Wall Street’s most influential companies and a Federal Reserve meeting on interest rates. The S&P 500 rose 0.
Källa: SooToday - 🏆 8. / 85 Läs mer »
Stock market today: Wall Street tumbles on worries about U.S. economy after weak jobs reportWall Street pointed sharply lower early Friday morning after a worse-than-expected government employment report spooked investors who were already panicked over signs of weakness in the U.S. economy. Futures for the S&P 500 were down 1.
Källa: SooToday - 🏆 8. / 85 Läs mer »