NEW YORK — Stocks are slipping after the latest hotter-than-forecast reading on the economy raised more worries about inflation and interest rates staying high. The S&P 500 was 0.3% lower early Tuesday and on track for its first losing month in the last six. The Dow Jones Industrial Average fell 196 points, and the Nasdaq composite was down 0.4%. Stocks have struggled as traders largely gave up on hopes for multiple interest rate cuts this year.
Also on investors’ minds is the jobs report hitting Wall Street on Friday that could show hiring by U.S. employers cooled in April and that growth in workers’ wages held relatively steady. Japan's benchmark Nikkei 225 jumped 1.2% to finish at 38,405.66, coming back from a national holiday. Sydney's S&P/ASX 200 rose 0.4% to 7,664.10. South Korea's Kospi added 0.2% to 2,692.06. Hong Kong's Hang Seng edged up 0.1% to 17,763.03, while the Shanghai Composite fell 0.3% to 3,104.82.
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Wall Street says a Wall Street revival is finally hereBig bank bosses are not hiding their enthusiasm about Wall Street as first-quarter jumps in investment banking spur new hopes for a sustained dealmaking...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: Wall Street hangs near record highs at the start of a busy weekNEW YORK (AP) — Stocks are hanging near their records at the start of a week with several influential economic reports, including the government’s monthly jobs market survey on Friday. The S&P 500 was up 0.
Source: SooToday - 🏆 8. / 85 Read more »
GE stock split, Wall Street searches for gains: Yahoo Finance LiveGeneral Electric (GE) is finalizing its split into three separate public companies today. The energy business, GE Vernova (GEV), begins trading on the NYSE...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: Wall Street holds steadier following its worst day in weeksNEW YORK (AP) — U.S. stock indexes are holding steadier Wednesday following their worst day in weeks. The S&P 500 was 0.2% higher in morning trading and...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: Wall Street edges higher following its worst day in weeksNEW YORK (AP) — Stocks closed mostly higher, as Wall Street steadied itself following its worst day in weeks. The S&P 500 rose 0.1% Wednesday, clawing back a bit of its loss from the prior day. The Dow Jones Industrial Average slipped 0.
Source: SooToday - 🏆 8. / 85 Read more »
Stock market today: Wall Street edges higher following surprisingly strong US jobs reportNEW YORK (AP) — Stocks rose on Wall Street Friday and Treasury yields climbed following a hot U.S. jobs report. The S&P 500 rose 0.5%. The Dow Jones Industrial Average gained 113 points, or 0.3% as of 10:10 a.m. Eastern.
Source: SooToday - 🏆 8. / 85 Read more »