WNYT NewsChannel 13 on Nostr: Stock market today: Nasdaq sets another record as Wall Street wins back earlier ...
Stock market today: Nasdaq sets another record as Wall Street wins back earlier losses
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The S&P 500 gained 36.88 points, or 0.7%, to 5,304.72 and won back all its losses from the prior two days. The Dow Jones Industrial Average rose 4.33 points, or less than 0.1%, to 39,069.59, and the Nasdaq composite gained 184.76, or 1.1%, to 16,920.79 and topped its all-time high set earlier this week. Deckers Outdoor jumped 14.2% for the biggest gain in the S&P 500 after reporting stronger profit and revenue for the latest quarter than expected. Ross Stores also lifted the market after leaping 7.8%. Worries about stubbornly high inflation were behind this week’s rocky trading, after indexes set. The weakness began after the Federal Reserve on Wednesday released the minutes from its last policy meeting. Stocks fell further after reports on Thursday indicated the U.S. economy is stronger than expected. Goldman Sachs economist David Mericle pushed back his forecast for the Fed’s first cut to rates to September from July, in part due to Thursday’s reports on U.S. business activity and joblessness.
#StockMarket #Nasdaq #WallStreet #S&p500 #DowJonesIndustrialAverage #Inflation #FederalReserve
https://wnyt.com/us-news/stock-market-today-nasdaq-sets-another-record-as-wall-street-wins-back-earlier-losses/
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The S&P 500 gained 36.88 points, or 0.7%, to 5,304.72 and won back all its losses from the prior two days. The Dow Jones Industrial Average rose 4.33 points, or less than 0.1%, to 39,069.59, and the Nasdaq composite gained 184.76, or 1.1%, to 16,920.79 and topped its all-time high set earlier this week. Deckers Outdoor jumped 14.2% for the biggest gain in the S&P 500 after reporting stronger profit and revenue for the latest quarter than expected. Ross Stores also lifted the market after leaping 7.8%. Worries about stubbornly high inflation were behind this week’s rocky trading, after indexes set. The weakness began after the Federal Reserve on Wednesday released the minutes from its last policy meeting. Stocks fell further after reports on Thursday indicated the U.S. economy is stronger than expected. Goldman Sachs economist David Mericle pushed back his forecast for the Fed’s first cut to rates to September from July, in part due to Thursday’s reports on U.S. business activity and joblessness.
#StockMarket #Nasdaq #WallStreet #S&p500 #DowJonesIndustrialAverage #Inflation #FederalReserve
https://wnyt.com/us-news/stock-market-today-nasdaq-sets-another-record-as-wall-street-wins-back-earlier-losses/