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
Stocks drifted to a mixed close overall on Wall Street Tuesday, but the Standard & Poor's 500 and Nasdaq composite still managed to notch more record highs. The subdued trading came ahead of a key inflation report and the Federal Reserve's latest interest rate policy decision on Wednesday. The S&P 500 rose 14.53 points, or 0.3%, to 5,375.32, driven largely by gains in tech stocks, even though more stocks fell than rose within the index. The tech-heavy Nasdaq composite rose 151.
When Fed officials released their last projections in March, they indicated the typical member foresaw roughly three cuts to interest rates in 2024. That projection will almost certainly fall this time around. Data on the economy have come in mixed recently, and traders are hoping for a slowdown that stops short of a recession and is just right in magnitude. A cooldown would put less upward pressure on inflation, which could encourage the Fed to cut rates.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
BMO Capital hikes S&P 500 target to highest on Wall StreetThe new target is roughly 6.7% above where the index closed on Tuesday. '[W]e underestimated the strength of the market momentum,' BMO's Brian Belski wrote.
Les mer »
Wall Street barely budges as S&P 500 remains just shy of its recordU.S. stock indexes drifted to a mixed finish Monday, hanging near their record heights.
Les mer »
2024 Indy 500 Blog: Josef Newgarden wins the 108th Running of the Indianapolis 500Heavy rain Sunday morning caused a delay in the start of the 108th Running of the Indy 500.
Les mer »
Dow slides 500 points, S&P 500 retreats from record while Nasdaq hits new heightsSamantha Subin is a digital news associate with CNBC.
Les mer »
Stock market today: Asian stocks drift after Wall Street closes another winning weekAsian stocks are mostly lower following the weekend release of weak China lending data.
Les mer »
Stock market today: Asian stocks drift after Wall Street closes another winning weekAsian stocks are mostly lower following the weekend release of weak China lending data. U.S. futures were mixed and oil prices fell. There were reports the Biden administration planning to raise tariffs on electric vehicles, semiconductors, solar equipment, and medical supplies imported from China. The S&P 500 rose 0.2% Friday.
Les mer »