Stock market today: Wall Street ends mixed after the latest signal of a slowdown

NEW YORK — Stocks ended mixed on Wall Street following the latest signal showing the U.S. economy is slowing. The S&P 500 edged up 0.1% Monday after erasing a midday slump. The benchmark index is coming off its sixth winning month in the last seven. The Dow Jones Industrial Average lost 0.3%, and the Nasdaq composite rose 0.6%. Several tech stocks including Nvidia ended higher, but stocks of oil-and-gas producers fell after the price of crude tumbled.

Stocks of oil-and-gas producers were leading the market lower after the price of crude tumbled. A slowing economy would mean less growth in demand for fuel, and the price for a barrel of U.S. crude dropped 3.6%. Brent crude, the international standard, also fell 3.4% despite moves over the weekend by Saudi Arabia and other oil-producing countries meant to prop up its price.

GameStop soared 33.8% in a move reminiscent of its early 2021 rocket ride that shook Wall Street and brought the term “meme stock” into the parlance of our times. GameStop jumped after a Reddit account associated with a central character in the 2021 episode said it had built a stake of 5 million shares, along with options to buy more. The post from Sunday night said the position was worth $181.4 million.

Hertz Global sank 4.5% after it said its chief operating officer is leaving and named a new chief financial officer.

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 startNEW YORK (AP) — Stocks are drifting again on Wall Street. The S&P 500 was little changed early Thursday, the Dow Jones Industrial Average slipped 0.1%, and the Nasdaq composite was up 0.1%.
Source: SooToday - 🏆 8. / 85 Read more »

Stock market today: Asian shares mixed in muted trading after Wall Street barely budgesTOKYO (AP) — Asian shares were mixed in muted trading Tuesday after U.S. stock indexes were little changed ahead of the release of inflation data. Japan's...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Wall Street opens mixed after its latest winning weekNEW YORK (AP) — Wall Street is opening on a quiet note following its latest winning week. The S&P 500 was up 0.1% in early trading Monday. The Dow Jones Industrial Average was little changed, and the Nasdaq composite was up 0.2%.
Source: SooToday - 🏆 8. / 85 Read more »

Stock market today: Wall Street drifts to a mixed close as Nasdaq notches another recordNEW YORK (AP) — U.S. stock indexes drifted to a mixed finish after a quiet day of trading, and the Nasdaq composite rose to another record. The Nasdaq climbed 0.7% Monday. The S&P 500 edged up by 0.1% to finish just short of its all-time high.
Source: SooToday - 🏆 8. / 85 Read more »