WNYT NewsChannel 13 on Nostr: Stock market today: Most of Wall Street slips as S&P 500 stays on track for worst ...
Stock market today: Most of Wall Street slips as S&P 500 stays on track for worst week since April
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On September 5, 2024, U.S. stocks fell, with the S&P 500 down 0.3% and the Dow Jones Industrial Average losing 219 points (0.5%); the Nasdaq composite rose 0.3% due to gains in Tesla and other Big Tech stocks. Economic data showed U.S. companies slowed hiring, while fewer workers filed for unemployment benefits. A report indicated stronger growth in finance and healthcare sectors. The 10-year Treasury yield eased to 3.73%, down from 4.70% in April, hinting at an inverted yield curve, often seen as a recession warning. Old Dominion Freight Line's stock fell 4.9% due to weak revenue trends, while Verizon's stock slipped 0.4% after announcing a $20 billion acquisition of Frontier Communications. Tesla's stock rose 4.9% following AI development announcements, and JetBlue Airways increased by 7.2% after raising revenue forecasts.
#StockMarket #S&p500 #DowJones #Nasdaq #EconomicData #TreasuryYield #Tesla #Verizon #Jetblue #RecessionWarning
https://wnyt.com/us-news/stock-market-today-most-of-wall-street-slips-as-sp-500-stays-on-track-for-worst-week-since-april/
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On September 5, 2024, U.S. stocks fell, with the S&P 500 down 0.3% and the Dow Jones Industrial Average losing 219 points (0.5%); the Nasdaq composite rose 0.3% due to gains in Tesla and other Big Tech stocks. Economic data showed U.S. companies slowed hiring, while fewer workers filed for unemployment benefits. A report indicated stronger growth in finance and healthcare sectors. The 10-year Treasury yield eased to 3.73%, down from 4.70% in April, hinting at an inverted yield curve, often seen as a recession warning. Old Dominion Freight Line's stock fell 4.9% due to weak revenue trends, while Verizon's stock slipped 0.4% after announcing a $20 billion acquisition of Frontier Communications. Tesla's stock rose 4.9% following AI development announcements, and JetBlue Airways increased by 7.2% after raising revenue forecasts.
#StockMarket #S&p500 #DowJones #Nasdaq #EconomicData #TreasuryYield #Tesla #Verizon #Jetblue #RecessionWarning
https://wnyt.com/us-news/stock-market-today-most-of-wall-street-slips-as-sp-500-stays-on-track-for-worst-week-since-april/