Tag Archives: S&P

Palantir, Nvidia and other AI stars dim as Wall Street pulls further from its records

Palantir, Nvidia and other AI stars dim as Wall Street pulls further from its records

NEW YORK (AP) — Wall Street is edging further from its records. The S&P 500 fell 0.3% Tuesday and is on track for a third straight modest loss after setting its all-time high last week. The Dow Jones Industrial Average added 86 points, and the Nasdaq composite was down 1%. Drops for Palantir Technologies, Nvidia and other stars bid up because of the mania around artificial-intelligence technology led the declines. Home Depot helped lift the Dow after standing by its forecast for profit and revenue this year. Treasury yields fell in the bond market on expectations for coming cuts for interest rates.… Continue Reading

Most US stocks fall after a disappointing inflation update, but Big Tech keeps Wall Street steady

Most US stocks fall after a disappointing inflation update, but Big Tech keeps Wall Street steady

NEW YORK (AP) — Most stocks are falling on Wall Street following a disappointing update on inflation. But gains for Amazon and other influential Big Tech companies are helping to mask the losses on Thursday, and the S&P 500 rose 0.1% even though three out of every four stocks within the index fell. The Dow Jones Industrial Average dipped 79 points, and the Nasdaq composite added 0.2% to its own record. The hotter-than-expected inflation report forced traders to second guess the widespread consensus that the Federal Reserve will deliver relief next month by cutting interest rates. Treasury yields rose.… Continue Reading

US stocks rally to records on hopes for cuts to interest rates

US stocks rally to records on hopes for cuts to interest rates

NEW YORK (AP) — The U.S. stock market rallied to records after data suggested inflation across the country was a touch better last month than economists expected. The S&P 500 rose 1.1% Tuesday and topped its all-time high set two weeks ago. The Dow Jones Industrial Average climbed 483 points, and the Nasdaq composite jumped 1.4% to set its own record. Stocks got a lift from hopes that the better-than-expected inflation report will give the Federal Reserve leeway to cut interest rates at its next meeting in September. Lower rates can give the economy and investment prices a boost.… Continue Reading

US stocks slip as Wall Street braces for an update on inflation

US stocks slip as Wall Street braces for an update on inflation

NEW YORK (AP) — U.S. stocks edged back from their record heights in Wall Street’s final moves before an upcoming update on inflation. The S&P 500 fell 0.3% after flirting with its all-time high earlier in the day. The Dow Jones Industrial Average dipped 0.5%, and the Nasdaq shaved 0.3% off its record. The highlight of this week for Wall Street is likely to arrive on Tuesday, when the government will report how bad inflation was across the country in July. A hot reading could discourage the Federal Reserve from delivering the cuts to interest rates that President Donald Trump has been demanding.… Continue Reading

Wall Street clocks another winning week

Wall Street clocks another winning week

Stocks rose on Wall Street, marking their third winning week in the last four. The S&P 500 rose 0.8% Friday, leaving the index just shy of the record it set last week. The Dow Jones Industrial Average climbed 0.5%, and the Nasdaq composite added 1% to the record it set a day earlier. Expedia and Gilead Sciences rose sharply after reporting results that easily beat analysts’ forecasts. Both companies also raised their outlooks. Asian markets closed mostly lower except in Tokyo, where the Nikkei rose 1.9%. European markets were mixed. Treasury yields rose in the bond market.… Continue Reading

US stocks slip following the latest discouraging signal on the economy

US stocks slip following the latest discouraging signal on the economy

NEW YORK (AP) — U.S. stock indexes slipped following the latest discouraging signal on the U.S. economy. The S&P 500 fell 0.5% Tuesday, coming off a whipsaw stretch where it followed its worst day since May with its best since May. The Dow Jones Industrial Average fell 0.1%, and the Nasdaq composite fell 0.7%. A weaker-than-expected report on activity for U.S. services businesses added to worries that President Donald Trump’s tariffs may be hurting the economy. But hopes for coming cuts to interest rates by the Federal Reserve, along with a stream of stronger-than-expected profit reports from U.S. companies, helped keep the losses in check.… Continue Reading

Dow leaps 585 points as US stocks win back most of Friday’s wipeout

Dow leaps 585 points as US stocks win back most of Friday’s wipeout

NEW YORK (AP) — U.S. stocks rallied and won back most of their sharp loss from last week. The S&P 500 jumped 1.5% Monday to follow up its worst day since May with its best since May. The Dow Jones Industrial Average climbed 585 points, or 1.3%, and the Nasdaq composite leaped 2%. Gains for Tyson Foods and other companies following their better-than-expected profit reports helped offset a drop for Berkshire Hathaway. This upcoming week may have fewer fireworks on Wall Street than last week, which was punctuated by a disappointingly weak report on the U.S. job market.… Continue Reading

Wall Street coasts for now ahead of a week packed with potential flashpoints

Wall Street coasts for now ahead of a week packed with potential flashpoints

NEW YORK (AP) — U.S. stocks coasted to a quiet finish to begin a week full of potentially market-moving events. The S&P 500 edged up by less than 0.1% on Monday to set an all-time high for a sixth straight day. The Dow Jones Industrial Average slipped 0.1%, and the Nasdaq composite added 0.3% to its own record. Stocks held steady after the United States and European Union agreed on the framework for a trade deal, one that still has many details to be worked out. Later this week will come Big Tech profit reports, a decision on interest rates by the Federal Reserve and other highly anticipated updates.… Continue Reading

Wall Street coasts for now ahead of a week packed with potential flashpoints

Wall Street coasts for now ahead of a week packed with potential flashpoints

NEW YORK (AP) — U.S. stocks are coasting following their record-setting run. The S&P 500 was flat on Monday after setting an all-time high in each of last week’s five days. The Dow Jones Industrial Average slipped 8 points, and the Nasdaq composite climbed 0.2%. Stocks were relatively steady after the United States and European Union agreed on the framework for a trade deal, one that still has many details to be worked out. This upcoming week is full of potential flashpoints that could shake markets, including Big Tech profit reports and the Federal Reserve’s latest decision on interest rates.… Continue Reading

Wall Street ticks up to another record as GM and others show how tariffs are impacting them

Wall Street ticks up to another record as GM and others show how tariffs are impacting them

NEW YORK (AP) — Wall Street inched to another record following some mixed profit reports, as General Motors and other big U.S. companies gave updates on how much President Donald Trump’s tariffs are hurting or helping them. The S&P 500 rose 0.1% Tuesday to beat the all-time high it set a day earlier. The Dow Jones Industrial Average added 0.4%, and the Nasdaq composite fell 0.4% from its record. General Motors dropped despite reporting a stronger profit than expected, as it still sees a $4 billion to $5 billion hit this year because of tariffs. Homebuilders soared following their better-than-forecast profit reports. Treasury yields eased.… Continue Reading

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