Stock market today: Wall Street loses ground as weak stretch continues

NEW YORK — Stocks fell on Wall Street, continuing a weak stretch on this holiday-shortened week. The S&P 500 fell 0.7% Wednesday. The Dow fell 198 points, or 0.6%, and the Nasdaq composite gave back 1.1%. Declines in several big technology stocks, including Apple, weighed on the market. Treasury yields rose following data showing the U.S. services sector remains strong. The yield on the 10-year Treasury note rose to 4.30%. Roku rose after saying it would cut 10% of its staff.

Investors face a relatively quiet week as they come off the Labor Day holiday in the U.S. and a busy August. “That suggests there is still a tremendous amount of demand for the services sector,” said Tom Hainlin, national investment strategist at U.S. Bank Wealth Management.

South Africa South Africa Latest News, South Africa South Africa 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 is off to downbeat start following two weeks of gainsNEW YORK (AP) — Stocks are off to a weak start on Wall Street as traders return from a long holiday weekend. The S&P 500 was off 0.3% in the early going Tuesday. The index is coming off its second weekly gain. The Dow slipped 63 points, or 0.
Source: SooToday - 🏆 8. / 85 Read more »

Stock market today: Wall Street ends lower following two weeks of gainsNEW YORK — Stocks closed lower on Wall Street as traders return from a long holiday weekend. The S&P 500 fell 0.4% Tuesday. The index is coming off its second weekly gain. The Dow lost 0.6% and the Nasdaq slipped 0.1%. Crude oil prices rose.
Source: SooToday - 🏆 8. / 85 Read more »

Stock market today: Wall Street opens lower as weak stretch continuesNEW YORK (AP) — Stocks are opening lower on Wall Street, continuing a weak stretch on this holiday-shortened week. The S&P 500 slipped 0.4% in the early going Wednesday. The Dow fell 131 points, or 0.4%, and the Nasdaq composite gave back 0.4%.
Source: SooToday - 🏆 8. / 85 Read more »

Wall Street’s Stock Market Calls Vary by Firm — and by FloorThis year’s astounding run in the S&P 500 Index has left forecasters split about what the world’s largest stock market will do next, and on Wall Street, the biggest disagreements often are emerging within the same firm.
Source: BNNBloomberg - 🏆 83. / 50 Read more »