Stock market today: Wall Street drifts in mixed trading ahead of Fed meeting this week

NEW YORK — U.S. stocks are drifting in mixed trading, offering a break from their whipsaw moves in recent weeks. The S&P 500 slipped 0.1% early Monday. The Dow Jones Industrial Average was up 255 points, or 0.6%, and the Nasdaq composite was off 0.8%. Alcoa rose after saying it would sell its stake in a Saudia Arabian joint venture to Saudi Arabian Mining Co. Drops for Big Tech stocks dragged on indexes, though. Treasury yields edged lower in the bond market.

The Fed has been keeping its main interest rate at a two-decade high to slow the economy enough to stifle high inflation. With inflation having eased substantially from its peak two summers ago, the Fed has said it can focus more on bolstering the slowing job market and economy. Shares of Boeing were somewhat stable after Friday's decline, which was triggered by aircraft assembly workers who walked off the job. The ratings agency Fitch said a prolonged strike could lead to a ratings downgrade for the troubled aircraft manufacturer.

“The drums of a deepening economic slowdown are beating louder, and it’s time for China’s leadership to decide whether to step up or risk sliding further into stagnation,” Stephen Innes of SPI Asset Management said in a commentary.Markets in Japan, mainland China and South Korea were closed for holidays.

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: Asian benchmarks dip after Wall Street's mixed finishTOKYO (AP) — Asian shares traded mostly lower Wednesday after Wall Street drifted to a mixed finish.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Wall Street holds steady after a closely watched jobs report comes in mixedNEW YORK (AP) — U.S. stocks are holding relatively steady after a jobs report billed as the most important of the year came in mixed. The S&P 500 was up 0.2% early Friday, but it’s still on track for its worst week since April.
Source: SooToday - 🏆 8. / 85 Read more »

Stock market today: Global benchmarks mostly dip after Wall Street's mixed finishTOKYO (AP) — Global shares traded mostly lower Wednesday after Wall Street drifted to a mixed finish.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Wall Street holds steady following mixed reports on the economyNEW YORK (AP) — U.S. stocks are holding steady following some mixed data on the economy, but they’re still on track for their worst week since April. The S&P 500 was 0.1% higher in early trading Thursday.
Source: SooToday - 🏆 8. / 85 Read more »

Stock market today: Wall Street sees mixed results after late-day selling, drop for NvidiaStocks closed with mixed results on Wall Street after some late-day selling. The S&P 500 was essentially flat after giving up an earlier gain of nearly 1%. The Nasdaq fell 0.
Source: SooToday - 🏆 8. / 85 Read more »

Stock market today: Wall Street extends losses as technology and energy stocks fallStocks lost more ground on Wall Street Wednesday, led by declines in the technology and energy sectors. The S&P 500 fell 0.2% Wednesday, following a 2.1% drop a day earlier. The Nasdaq composite dropped 0.3%.
Source: SooToday - 🏆 8. / 85 Read more »