Stock market today: Wall Street holds steadier a day after big drop in tech stocks

NEW YORK — Wall Street is holding steadier following the worst day for big technology stocks since 2022. The S&P 500 was up 0.2% in early trading Thursday, and the Nasdaq composite was up 0.6%. The Dow Jones Industrial Average slipped 58 points, or 0.1%. Nvidia was up 2.5% after a 6.6% slump a day earlier. Domino’s Pizza dropped 11.4% after suspending its forecast for how many stores will open globally. Chuy’s jumped 48% after Darden Restaurants said it would buy the Tex-Mex chain.

Chuy's jumped 47% after Darden Restaurants announced Wednesday that it was buying the Tex-Mex chain in a $605 million deal. Shares of Darden, which owns Olive Garden, LongHorn Steakhouse and a suite of other chains, fell less than 1% before the bell. At midday, France's CAC 40 was up 0.5%, Germany's DAX inched up 0.2% and Britain's FTSE 100 added 0.6%.The markets' spotlight was squarely on chip companies after a report from Bloomberg News said U.S. President Joe Biden is considering the most severe trade restrictions available if companies like the Netherlands’ ASML and Japan’s Tokyo Electron continue to ship advanced semiconductor technology to China.

The strengthening yen also added to worries about exporter shares in Japan, as a weak yen is a boon for the nation’s giant exporters like Toyota Motor Corp. Japan posted a trade surplus in June, the first in three months, highlighting a recovery in exports, according to Finance Ministry data. For the first six months of this year, Japan’s trade deficit declined by more than half from the same period last year, to 3.23 trillion yen .

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom 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 hangs around its record highsNEW YORK (AP) — U.S. stocks are drifting around their record highs following the latest signal that the economy’s growth may be slowing without cratering, as hoped.
Source: SooToday - 🏆 8. / 85 Read more »

Stock market today: Nvidia climbs to Wall Street's mountaintop as stocks broadly driftNEW YORK (AP) — U.S. stocks edged up to more records following the latest signal that the economy’s growth may be slowing without cratering, while Nvidia continued its rocket ride upward to become Wall Street’s most valuable company.
Source: SooToday - 🏆 8. / 85 Read more »

Stock market today: Asian stocks are mixed after Wall Street edges to more recordsHONG KONG (AP) — Asian stocks were mixed on Wednesday after U.S. benchmarks ticked to more records following the latest signs that the U.S. economy may be...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Nvidia keeps flying and helps keep Wall Street near its recordsNEW YORK (AP) — Nvidia, the chip company that’s become Wall Street’s most influential stock, is rising again and helping to keep U.S. indexes around their record highs despite a mixed set of reports on the economy. The S&P 500 was up 0.
Source: SooToday - 🏆 8. / 85 Read more »

Stock market today: Wall Street drifts as Nvidia loses some more momentumNEW YORK (AP) — U.S. stocks drifted to a quiet close of the week, as Nvidia’s stock continued to cool from its startling, supernova run. The S&P 500 slipped 0.2% Friday, though it’s still near the all-time high it set on Tuesday.
Source: SooToday - 🏆 8. / 85 Read more »

Stock market today: Asian shares lower after Wall Street closes another winning weekHONG KONG (AP) — Asian shares were mostly lower Monday after U.S. stocks coasted to the close of their latest winning week on Friday, even as Nvidia ’s stock...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »