News Formal

Stock market today: Stock rally loses steam as S&P 500, Dow slip from records

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 24 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 63%

Nasdaq Composite Nyheter

Negative Territory

Now that the Fed has started cutting rates, the economy has taken to the fore for investors.

US stocks lost steam on Wednesday after markets hit all-time highs as investors looked to new data for clues to the health of the economy and the chances of another jumbo rate cut. The Dow Jones Industrial Average reversed earlier gains to fall about 0.6%, while the S&P 500 also slipped into negative territory, declining around 0.2% on the heels of record closes for both major indexes. The tech-heavy Nasdaq Composite hugged the flatline after wavering in the green for most of the session.

The debate centers on whether the Federal Reserve lowered rates by a bigger-than-usual 0.5% in response to a slowing economy and what further malaise means for another hoped-for deep cut. Read more: What the Fed rate cut means for bank accounts, CDs, loans, and credit cards On the data front, new home sales declined in August following a sharp increase the month prior as ultra-high mortgage rates and lofty prices kept buyers mostly on the sidelines.

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:

 /  🏆 47. 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: Dow, S&P 500 eke out record closes as stocks extend September rallyThe focus is on Fed speakers and a key inflation reading for insight into whether another big rate cut is coming.
Källa: YahooFinanceCA - 🏆 47. / 63 Läs mer »

Stock market today: Dow, S&P 500, Nasdaq surge as Fed fires up rallyWall Street has absorbed the Fed's message that a deep cut will prove positive for the economy.
Källa: YahooFinanceCA - 🏆 47. / 63 Läs mer »

Stock market today: Dow, S&P 500, Nasdaq futures surge as Fed fires up rallyWall Street has absorbed the Fed's message that a deep cut will prove positive for the economy.
Källa: YahooFinanceCA - 🏆 47. / 63 Läs mer »

Stock market today: S&P 500, Dow futures waver as inflation report loomsInvestors are gearing up for a consumer inflation print seen as crucial to determining the size of the first US interest-rate cut in years.
Källa: YahooFinanceCA - 🏆 47. / 63 Läs mer »

Stock market today: Dow, S&P 500 surge as stocks mount a comeback from deep lossesInflation is back in focus for investors gauging pressures that could influence the size of Fed rate cuts.
Källa: YahooFinanceCA - 🏆 47. / 63 Läs mer »

Stock market today: S&P 500, Dow futures slip as inflation report loomsInvestors are gearing up for a consumer inflation print seen as crucial to determining the size of the first US interest-rate cut in years.
Källa: YahooFinanceCA - 🏆 47. / 63 Läs mer »