WNYT NewsChannel 13 on Nostr: Stock market today: Most of Wall Street rises, but falls for some big tech stocks ...
Stock market today: Most of Wall Street rises, but falls for some big tech stocks drag indexes lower
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Most U.S. stocks rose Thursday, but indexes stumbled due to sharp drops for some influential technology giants. The S&P 500 sank 0.6% to 5,235.48, the Dow Jones Industrial Average dropped 0.9% to 38,111.48, and the Nasdaq composite lost 1.1% to 16,737.08. Salesforce dropped 19.7% after reporting weaker revenue for the latest quarter than expected. Kohl's fell 22.9% after reporting a surprise loss. Nvidia dropped 3.8% after blowing past analysts' expectations. Best Buy and Foot Locker reported better-than-expected profit and saw their stocks rise. The Russell 2000 index rallied 1%. Yields in the bond market fell, offering relief to stocks. The U.S. government reported more workers applied for unemployment benefits last week than expected. The overall U.S. economy's growth may not have been as strong as earlier thought. The yield on the 10-year Treasury fell to 4.54%. C3.ai and HP had warmer market receptions to their latest profit reports. Dollar General swung from gains to losses after beating profit forecasts. Build-A-Bear Workshop tumbled. Indexes rose modestly in much of Europe after struggling in Asia.
https://wnyt.com/us-news/stock-market-today-most-of-wall-street-rises-but-falls-for-some-big-tech-stocks-drag-indexes-lower/
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Most U.S. stocks rose Thursday, but indexes stumbled due to sharp drops for some influential technology giants. The S&P 500 sank 0.6% to 5,235.48, the Dow Jones Industrial Average dropped 0.9% to 38,111.48, and the Nasdaq composite lost 1.1% to 16,737.08. Salesforce dropped 19.7% after reporting weaker revenue for the latest quarter than expected. Kohl's fell 22.9% after reporting a surprise loss. Nvidia dropped 3.8% after blowing past analysts' expectations. Best Buy and Foot Locker reported better-than-expected profit and saw their stocks rise. The Russell 2000 index rallied 1%. Yields in the bond market fell, offering relief to stocks. The U.S. government reported more workers applied for unemployment benefits last week than expected. The overall U.S. economy's growth may not have been as strong as earlier thought. The yield on the 10-year Treasury fell to 4.54%. C3.ai and HP had warmer market receptions to their latest profit reports. Dollar General swung from gains to losses after beating profit forecasts. Build-A-Bear Workshop tumbled. Indexes rose modestly in much of Europe after struggling in Asia.
https://wnyt.com/us-news/stock-market-today-most-of-wall-street-rises-but-falls-for-some-big-tech-stocks-drag-indexes-lower/