Showing posts with the label U.S. Stock Market at Close Report.

U.S. Market at Close Report: Dow Jones Industrial Average Slipped 37 Points and S&P Headed for its Seventh Straight Month Gains in August.

 Source: Jesse Pound 4-5 minutes Stocks hovered near record highs on Tuesday as the S&P 500 headed for its seventh straight month of gains at a record high. The Dow Jones Industrial Average slipped 37 points, or about 0.1%. The S&P 500 lost 0.1%, while the Nasdaq Composite was down 0.1%. Tuesday marks the last trading day of August, and major averages are poised to post solid gains for the period. The S&P 500 is up 3% this month, while the tech-heavy Nasdaq Composite has climbed 4%, on pace to post its third winning month in a row.

U.S. Stock Market at Close Report: Dow Closes 100 Points Lower overshadowing by the Inflation Report.

  Source: Hannah Miao 5-6 minutes The Dow Jones Industrial Average slipped from its high as a hotter-than-expected inflation report overshadowed a strong start to second-quarter earnings season on Tuesday. The Dow shed 107.39 points, or 0.31%, after closing at a record just shy of 35,000 the day prior. The S&P 500 closed 0.35% lower at 15.42 after reaching a new intraday record earlier in the session. The Nasdaq Composite retreated slightly from another intraday record to dip 0.38% at 55.59. The major averages' downward movement came as the 10-year U.S. Treasury yield jumped about 5 basis points, or 0.05%, and crossed the 1.4% level in a delayed reaction to the latest numbers on inflation. Inflation rose at its fastest pace in nearly 13 years, the Labor Department reported Tuesday . The consumer price index increased 5.4% in June from a year ago; economists surveyed by Dow Jones expec

U.S. Market at Close Report: Stocks rose slightly as the S&P 500 Get Close Near a Record

Source: Maggie Fitzgerald 3-4 minutes Stocks rose slightly on Wednesday with the S&P 500 hovering near an all-time high. The benchmark gained 0.15% to 4,208.17 on Wednesday, sitting about 0.7% from its record hit in May. The Dow Jones Industrial Average added 25 points. The technology-heavy Nasdaq Composite rose 0.14%. All three indexes are fairly close to record levels. The Dow and Nasdaq are 1.4% and 3.2% below their respective records. Energy stocks again outperformed the broader market on Wednesday as crude prices continued their recent rebound. Investors have snapped up shares of some of the nation's largest oil and gas companies in recent sessions as optimism about the economic rebound in the U.S. fosters demand for crude, airfare and other travel-related assets. Occidental Petroleum added 4.1%, Diamondback Energy climbed 2.5% and Marathon Oil rose 1.4%. The broad Energy Select Sector SPDR ETF rose 2.1%.

U.S.Market at Close Report: U.S. Stocks Slipped Frm Record Levels to Start the Week. Dow slips more than 100 points from a record, Nasdaq closes 1% lower Yun Li 3-4 minutes U.S. stocks slipped from record levels to start the week on Monday as weakness in the technology sector weighed on the broader market. The Dow Jones Industrial Average fell 123.04 points, or 0.4%, 34,077.63, sliding from a record high in the previous session. The S&P 500 fell 0.5% to 4,163.26 after closing at a fresh high on Friday. The tech-heavy Nasdaq Composite lost 1% to 13,914.77. Bitcoin was slammed over the weekend after hitting an all-time high of $64,841 Wednesday morning, according to data from Coin Metrics. At one point, it was down 19% from that record over the weekend before stabilizing. The cryptocurrency was last at $55,866 on Monday. Tesla, a holder of bitcoin, fell more than 3%. Coinbase, a cryptocurrency trading platform that made its public debut last week, dropped 2.6%. "Wh