US Stock Reports, Quotes and News
All three major indexes notched record closes in the previous session after a smaller-than-expected rise in consumer inflation fueled optimism that inflation was easing after three months of hotter numbers.
The Dow Jones Industrial Average rose 26.60 points, or 0.07%, at the open to 37,801.98.
The Dow Jones Industrial Average rose 93.90 points, or 0.25%, at the open to 37,847.21.
Both the S&P 500 and the Nasdaq are nearly 4% off from record high levels reached last month, as traders sharply readjusted their expectations of how much the Fed would cut rates this year.
Investing.com – U.S. stocks were lower after the close on Monday, as losses in the Technology, Consumer Goods and Consumer Services sectors led shares lower.
Investing.com – U.S. stocks were lower after the close on Friday, as losses in the Basic Materials, Technology and Consumer Services sectors led shares lower.
Dow & S&P 500 faced weekly losses as megacap stocks and chipmakers retreated. Banks reported lower profits. Tech giants like Nvidia, Tesla, Meta Platforms saw declines. Chinese officials\’ chip phase-out impacted Advanced Micro Devices and Intel.