Stock market today (May 1, 2024): An ugly April for Wall Street is closing with some more losses

The S&P 500 was 0.9% lower in afternoon trading and on track to close out its first losing month in the last six. It’s lost momentum since setting records through the early part of the year, and April is on pace to be its worst month since September.

The yield on the 10-year Treasury rose to 4.66% from 4.61% just before the report’s release. The two-year Treasury yield, which more closely tracks expectations for the Fed, rose back above the 5% level to 5.01% from 4.97% late Monday. GE Healthcare Technologies tumbled 13.2% after it reported weaker results and revenue for the latest quarter than analysts expected. F5 dropped 7.8% despite reporting a better profit than expected. Its revenue fell short of forecasts, and it said customers were remaining cautious and forecasting largely flat IT budgets for the year.

United States United States Latest News, United States United States Headlines

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

Stock market today (April 23, 2024): Asian stocks track Wall Street gains ahead of earnings reportsHONG KONG — Asian benchmarks extended gains Tuesday after U.S. stocks clawed back a chunk of their losses from last week, which was the worst for the S&P 500 in more than a year, while the yen weakened further to fresh 34-year lows. U.S.
Source: BusinessMirror - 🏆 19. / 59 Read more »

Stock market today (April 25, 2024): Asian benchmarks mostly slide as investors focus on earnings📈🌏 Stock markets in Asia saw declines as investors eagerly anticipate global earnings updates, particularly from tech giants dubbed the 'Magnificent Seven.' The Bank of Japan's monetary policy meeting is also in focus. Will the strong earnings season restore market confidence? Know more about the market trends and upcoming reports.
Source: BusinessMirror - 🏆 19. / 59 Read more »