Stock market today: Wall Street drifts as the Trump trade cools

  • 📰 CTVNews
  • ⏱ Reading Time:
  • 166 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 70%
  • Publisher: 99%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

U.S. stocks are drifting Tuesday as some momentum comes out of the torrid 'Trump trade' that swept Wall Street following Donald Trump's presidential victory.

A pair of traders work in their booth on the floor of the New York Stock Exchange, Thursday, Nov. 7, 2024. U.S. stocks are drifting Tuesday as some momentum comes out of the torrid "Trump trade" that swept Wall Street following Donald Trump's presidential victory.

Helping to offset such losses was Live Nation Entertainment, which joined the lengthening list of U.S. companies delivering stronger profit for the summer than analysts expected. The company behind Ticketmaster said concert fans around the world are spending more to hear artists, and it said trends are already encouraging for 2025 stadium tours for Coldplay and others. Its stock rose 3.5 per cent.

In the crypto market, bitcoin soared to another record before pulling back. Trump has embraced cryptocurrencies generally and pledged to make his country the crypto capital of the world. Bitcoin got as high as US$89,995, according to CoinDesk, before dropping back toward US$86,000. It started the year below US$43,000.

In stock markets abroad, indexes fell across much of Europe and Asia. Hong Kong's Hang Seng dropped 2.8% for one of the worst falls. The Hang Seng closed below the 20,000 level for the first time since China announced a stimulus package in September.Labour Minister Steven MacKinnon says he is intervening to end the work stoppages at ports in both British Columbia and Montreal.'He begged me': Brampton, Ont.

Toy giant Mattel says it 'deeply' regrets an error on the packaging of its 'Wicked' movie-themed dolls, which mistakenly links toy buyers to a pornographic website.Shopify Inc. reported US$828 million in net income for its third quarter, up from US$718 million in the same quarter last year, as its revenue rose 26 per cent.

A New Brunswick fashion designer recently won the top prize at a national event for a dress she made using an unconventional material.Dr. Ronald Weiss, who performed nearly 60,000 vasectomies on Ottawa men, establishing him as the "Wayne Gretzky" of the procedure, has died.A congestion crisis, a traffic nightmare, or unrelenting gridlock -- whatever you call it, most agree that Toronto has a congestion problem.

If you're a fan of Christmas lights and holiday celebrations, there are lots of events in Calgary to take in.The principal of an Ottawa high school is apologizing to students, parents and guardians after an Arabic-language song was played during the school's Remembrance Day service.Ottawa police investigating threat made to Notre Dame High SchoolLabour Minister Steven MacKinnon says he is intervening to end the work stoppages at ports in both British Columbia and Montreal.

A weeklong closure of Portage Avenue East is set to begin Tuesday to allow for pre-construction traffic signal work at Portage and Main.Four teenagers arrested after woman attacked, robbed: Winnipeg policeCanadian Union of Postal Workers issues 72-hour strike notice to Canada PostFire crews reported that no one was hurt after flames broke out in a home on Robinson Street in central Regina.

Changes proposed to the city’s Special Events By-law would allow outdoor concerts and music festivals to play later – but not louder.Fire at recycling facility in Barrie2 charged with impaired driving after collisions in Tecumseh and LeamingtonPolice in Chatham-Kent are hoping the public can help identify some people caught on surveillance following the theft of a vehicle. Around 5:05 p.m. on Nov. 5, police were called to a report of a stolen vehicle in Thamesville.B.C.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market today: Wall Street drifts as the 'Trump trade' loses steamNEW YORK (AP) — U.S. stocks are drifting as momentum comes out of the “Trump trade” that swept Wall Street following Donald Trump’s presidential victory. The S&P 500 was flat early Tuesday, coming off its latest all-time high.
Source: SooToday - 🏆 8. / 85 Read more »

Stock market today: Wall Street hangs near its records as bank stocks rise, oil tumblesNEW YORK (AP) — U.S. stocks are hanging near their records after several big banks delivered stronger profits for the summer than analysts expected, while the price of crude oil tumbled again. The S&P 500 was up 0.
Source: SooToday - 🏆 8. / 85 Read more »

Stock market today: Wall Street drifts around its records as the US economy keeps hummingNEW YORK (AP) — U.S. stocks are drifting around their records Thursday following the latest signals that the U.S. economy continues to hum.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Wall Street ends mixed even as the Dow ekes out another recordNEW YORK (AP) — U.S. stocks ended on a mixed note following the latest signals that the U.S. economy continues to hum. The S&P 500 closed little changed Thursday. The Dow Jones Industrial Average added 0.
Source: SooToday - 🏆 8. / 85 Read more »

Stock market today: Wall Street hangs around its record highs as earnings reports come in mixedNEW YORK (AP) — U.S. stocks are hanging around their records after Netflix jumped and CVS Health slid amid mixed reports on profits. The S&P 500 was up 0.2% in early trading Friday and flirting with its all-time high set early this week.
Source: SooToday - 🏆 8. / 85 Read more »

Stock market today: Wall Street drifts around its recordsNEW YORK (AP) — A mixed Monday on Wall Street has U.S. stocks drifting around their all-time highs.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »