News10NBC on Nostr: Stock market today: Wall Street drifts around its records following latest ...
Stock market today: Wall Street drifts around its records following latest encouraging economic data
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U.S. stocks remained near record highs on October 17, 2024; S&P 500 finished nearly unchanged, Dow Jones gained 161 points (0.4%); Nasdaq composite was flat; Nvidia rose 0.9%, driven by Taiwan Semiconductor Manufacturing Co.'s 9.8% stock jump after reporting better-than-expected profits; Alphabet fell 1.4%, Elevance Health dropped 10.6%; U.S. retail sales increased in September, fewer unemployment claims reported; Federal Reserve expected to cut interest rates by a quarter point; Travelers' stock surged 9% after strong earnings; Blackstone rose 6.3% on better-than-expected profits; CSX fell 6.7% due to disappointing earnings; 10-year Treasury yield rose to 4.09%; traders shifted expectations for Fed rate cuts.
#StockMarket #Economy #UsStocks #InterestRates #RetailSales #EarningsReports #TreasuryYields #Investments #WallStreet #FinancialNews
https://www.whec.com/national-world/stock-market-today-wall-street-drifts-around-its-records-following-latest-encouraging-economic-data/
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U.S. stocks remained near record highs on October 17, 2024; S&P 500 finished nearly unchanged, Dow Jones gained 161 points (0.4%); Nasdaq composite was flat; Nvidia rose 0.9%, driven by Taiwan Semiconductor Manufacturing Co.'s 9.8% stock jump after reporting better-than-expected profits; Alphabet fell 1.4%, Elevance Health dropped 10.6%; U.S. retail sales increased in September, fewer unemployment claims reported; Federal Reserve expected to cut interest rates by a quarter point; Travelers' stock surged 9% after strong earnings; Blackstone rose 6.3% on better-than-expected profits; CSX fell 6.7% due to disappointing earnings; 10-year Treasury yield rose to 4.09%; traders shifted expectations for Fed rate cuts.
#StockMarket #Economy #UsStocks #InterestRates #RetailSales #EarningsReports #TreasuryYields #Investments #WallStreet #FinancialNews
https://www.whec.com/national-world/stock-market-today-wall-street-drifts-around-its-records-following-latest-encouraging-economic-data/