Stock market today: Wall Street hangs near record highs at the start of a busy week

NEW YORK — Stocks are hanging near their records at the start of a week with several influential economic reports, including the government’s monthly jobs market survey on Friday. The S&P 500 was up 0.1% early Monday, coming off an all-time high and its latest winning month. The Dow Jones Industrial Average was off 0.1%, and the Nasdaq composite was up 0.3%.

Fed Chair Jerome Powell on Friday reiterated that the central bank expects to cut interest rates this year, but won’t be ready to do so until it sees evidence that annual price increases are falling toward its 2% target. Powell will speak publicly again on Wednesday at Stanford University. Asian shares were mixed on Monday, with Shanghai gaining 1% after surveys showed improvements in manufacturing conditions in China.Tokyo’s Nikkei 225 fell 1.4%, to 39,803.09, after a Bank of Japan quarterly survey on business conditions showed sentiment among large manufacturers, which include auto and electronics giants, declined in March for the first time in a year.

“A slew of policies introduced earlier this year to stabilize growth are gradually having an effect," Wang Zhe, senior economist at Caixin Insight Group, said in a statement. Elsewhere in Asia, South Korea's Kospi edged less than 0.1% higher, to 2,747.86 and the Sensex in India was up 0.5%. In Bangkok, the SET rose 0.1%.

Brent crude, the international standard, gave up 16 cents to $86.84 per barrel. On Thursday, it surged $1.59 to $87.00 per barrel.

Finance Finance Latest News, Finance Finance 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 a mixed start after 4 straight gainsNEW YORK (AP) — Stocks are off to a mixed start on Wall Street following four straight gains. The S&P 500 was up less than 0.1% in the first few minutes of trading Friday.
Source: SooToday - 🏆 8. / 85 Read more »

Stock market today: Wall Street pulls back from its record after a shaky dayNEW YORK (AP) — Wall Street pulled back from its record heights following a shaky day of trading, putting at least a temporary halt to its huge rally since Halloween. The S&P 500 slipped 0.7% Friday from its all-time high.
Source: SooToday - 🏆 8. / 85 Read more »

Stock market today: Wall Street drifts near its records amid a worldwide market lullNEW YORK (AP) — Stocks are drifting around their records on Wall Street, as a lull carries through financial markets worldwide. The S&P 500 was little changed in early trading Wednesday, a day after setting an all-time high.
Source: SooToday - 🏆 8. / 85 Read more »

Stock market today: Wall Street drifts to a mixed close, holding near record levelsNEW YORK (AP) — Stocks drifted to a mixed close on Wall Street as a lull carried through financial markets worldwide. The S&P 500 edged down 0.2% Wednesday, a day after setting an all-time high. The Dow Jones Industrial Average rose 0.
Source: SooToday - 🏆 8. / 85 Read more »

Stock market today: Stocks retreat as Wall Street weighs hot inflation's impact on FedInvestors are weighing whether two big hot inflation prints will prompt a Fed rethink on rate cuts as its March policy meeting looms.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »