Stock market today: Wall Street drifts after mixed economic reports, more AI ebullience

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 34 sec. here
  • 5 min. at publisher
  • 📊 Quality Score:
  • News: 27%
  • Publisher: 63%

Federal Reserve News

Interest Rates,Bond Market,Inflation

NEW YORK (AP) — U.S. stocks are drifting around their records Thursday following some mixed data on the economy, including the latest encouraging update on...

NEW YORK — U.S. stocks are drifting around their records Thursday following some mixed data on the economy, including theThe S&P 500 was 0.3% higher in early trading, a day after jumping to an all-time high. The Nasdaq composite was also building on its own record and up 0.7%, as of 9:40 a.m. Eastern time. The Dow Jones Industrial Average was down 154 points, or 0.4%.

High interest rates have been dragging on some parts of the economy, particularly manufacturing. A separate report on Thursday showedlast week than economists expected, though the number is still low relative to history. Dave & Buster’s Entertainment sank 10.2% after reporting worse drops for profit and revenue for the latest quarter than expected, citing a “complex macroeconomic environment” among other reasons. Other companies have recently been detailing a split among their customers, whereSome companies have been able to skyrocket regardless of the pressures on the economy because of an ongoing frenzy around artificial-intelligence technology.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
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:

 /  🏆 47. in FİNANCE

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 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 »

Stock market today: Wall Street ends mixed after the latest signal of a slowdownNEW YORK (AP) — 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.
Source: SooToday - 🏆 8. / 85 Read more »

Stock market today: Asian stocks trade mixed after Wall Street logs modest gainsTOKYO (AP) — Asian shares traded mixed Wednesday, as investors weighed recent data highlighting a slowing U.S. economy that offers both upsides and downsides...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Wall Street drifts to a mixed close but still notches some recordsNEW YORK (AP) — Stocks drifted to a mixed close overall on Wall Street, but the S&P 500 and Nasdaq composite still managed to notch more record highs. A big gain in Apple helped push both indexes higher Tuesday. The S&P 500 added 0.
Source: SooToday - 🏆 8. / 85 Read more »