NEW YORK — Wall Street is feeling the downside of high expectations as Microsoft and Meta Platforms lead U.S. stock indexes lower despite delivering strong profits for the summer. The S&P 500 was down 0.8% in early trading Thursday and edging further from its record set earlier this month. The Dow Jones Industrial Average was down 207 points, or 0.5%, and the Nasdaq composite was 1.3% lower.
Meta, the parent company of Facebook, also posted stronger-than-expected quarterly results, but warned that it expected a “significant acceleration” in infrastructure spending next year as it continues to pour money into developing AI. Meta shares lost 2.6% overnight. Uber slid 5.3% after the ride-hailing app after reported that gross bookings growth slowed, overshadowing its strong third-quarter results.
South Korea's Kospi dropped 1.5% to 2,556.15 after North Korea test launched a new intercontinental ballistic missile designed to be able to hit the U.S. mainland in a move that was likely meant to grab America's attention ahead of Election Day.
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Stock market today: Wall Street opens lower as its recent rally cools some moreNEW YORK (AP) — Stocks are opening lower as more momentum comes out of Wall Street’s record-breaking rally. The S&P 500 was 0.3% lower early Wednesday. It’s coming off two small losses since setting an all-time high on Friday.
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Stock market today: Wall Street closes mostly lower and ends a 6-week winning streakStocks gave up an early gain and closed mostly lower on Wall Street, ending a six-week winning streak. The S&P 500 ended little changed Friday. The Dow Jones Industrial Average fell 0.6%, while the Nasdaq composite rose 0.
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Stock market today: Wall Street indexes edge lower as Alphabet jumps and Eli Lilly slumpsNEW YORK (AP) — U.S. stock indexes gave up an early gain and ended slightly lower following a mixed set of profit reports from giants like Google’s parent company and Eli Lilly. The S&P 500 slipped 0.3% Wednesday.
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Stock market today: Wall Street rallies following a burst of hiring in SeptemberNEW YORK (AP) — U.S. stocks are rallying on a rush of optimism after a report showed employers went on a stronger spree of hiring last month. The S&P 500 was 0.7% higher in early trading Friday and pulling toward its all-time high set on Monday.
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Stock market today: Wall Street gains ground after strong jobs data pushes up rate forecastsNEW YORK (AP) — U.S. stocks are rising on Friday after a surprisingly strong jobs report raised optimism about the economy but also forced a rethink about...
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