June 26 - Wall Street's main indexes were mixed on Wednesday, with technology stocks attempting to find a floor after recent selloff, while investors awaited a crucial inflation report this week to gauge the path of monetary policy.
Apple , opens new tab rose 1.2% after Rosenblatt upgraded the iPhone maker's stock to"buy" from"neutral." Delivery giant FedEx , opens new tab jumped nearly 13% after forecasting fiscal 2025 profit above estimates. Several economic data releases are on tap this week, leading up to Friday's release of the much-anticipated personal consumption expenditures price index - the Federal Reserve's preferred inflation gauge.
By 09:53 a.m. ET, the Dow Jones Industrial Average , opens new tab fell 163.58 points, or 0.41%, to 38,948.58, the S&P 500 , opens new tab lost 5.66 points, or 0.10%, to 5,463.64 and the Nasdaq Composite , opens new tab gained 32.60 points, or 0.19%, to 17,750.02. General Mills, opens new tab dipped 5.4% after the Cheerios cereal maker forecast annual profit below estimates and posted a bigger-than-expected drop in quarterly sales, hurt by lower demand for its snack bars and pet food, as well as higher input costs.
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.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »