NEW YORK — Some calm is returning to Wall Street, and U.S. stocks are holding steadier after Japan’s market soared earlier Tuesday to bounce back from its worst loss since 1987.
Stronger-than-expected profit reports from several big U.S. companies helped support the market. Kenvue, the company behind Tylenol and Band-Aids, jumped 13.5% after reporting stronger profit than expected thanks in part to higher prices for its products. Uber rolled 4.3% higher after easily topping profit forecasts for the latest quarter.
That scrambled trades where investors had borrowed Japanese yen at low cost and invested it elsewhere around the world. The resulting exits from those trades may have helped accelerate the declines for markets around the world.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
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 slips as S&P 500 heads for its worst week since AprilNEW YORK (AP) — U.S. stocks are slipping on Friday, as businesses around the world scramble to contain the effects of a disruptive technology outage . The S&P 500 was 0.
Source: SooToday - 🏆 8. / 85 Read more »
Stock market today: Wall Street finishes worst week since April with more lossesNEW YORK (AP) — U.S. stocks slumped Friday in another washout, as businesses around the world scrambled to contain the effects of a disruptive technology outage . The S&P 500 fell 0.
Source: SooToday - 🏆 8. / 85 Read more »
Stock market today: Wall Street climbs as Big Tech recovers following worst week in monthsNEW YORK (AP) — U.S. stocks closed broadly higher, clawing back some of the losses from their worst week since April. The S&P 500 rose 1.1% Monday, breaking a three-day losing streak.
Source: SooToday - 🏆 8. / 85 Read more »
Stock market today: Wall Street edges higher ahead of bank earnings and Powell testimony this weekNEW YORK (AP) — Stocks are a bit higher in early trading on Wall Street, adding to the record highs they set last week. The S&P 500 was up 0.2% in the first few minutes of trading Monday. The Nasdaq edged up 0.
Source: SooToday - 🏆 8. / 85 Read more »
Stock market today: Wall Street ends mixed, nudging the S&P 500 and Nasdaq to more recordsStocks wavered to a mixed close on Wall Street, nudging the S&P 500 and the Nasdaq composite to more records. The S&P 500 inched up 0.1% Monday, and the Nasdaq rose 0.3%. The Dow Jones Industrial Average gave up an early gain and fell 0.1%.
Source: SooToday - 🏆 8. / 85 Read more »