More worries about inflation and interest rates staying high knocked U.S. stocks lower on Tuesday as the market closed out its worst month since September. The Standard & Poor's 500 tumbled 1.6% to cement its first losing month in the last six. Its momentum slammed into reverse in April, falling as much as 5.5% at one point, after setting a record at the end of March. The Dow Jones industrial average dropped 570 points, or 1.5%, and the Nasdaq composite lost 2%.
3% after it reported weaker results and revenue for the latest quarter than analysts expected. F5 dropped 9.2% despite reporting a better profit than expected. Its revenue fell short of forecasts, and it said customers were remaining cautious and forecasting largely flat IT budgets for the year. McDonald’s slipped 0.2% after its profit for the latest quarter came up just shy of analysts’ expectations.
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:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock market today: Wall Street rallies again to erase more of April’s lossesU.S. stocks rallied for a second straight day Tuesday to blunt the blow of what’s been a rough April. The S&P 500 made back ground after a losing streak.
Source: latimes - 🏆 11. / 82 Read more »
Wall Street IG Client Sentiment: Our data shows traders are now net-long Wall Street for the first time since Nov 02, 2023 when Wall Street traded near 33,825.70.Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Wall Street-bearish contrarian trading bias.
Source: DailyFX - 🏆 305. / 63 Read more »
San Diego's Weather Forecast for April 29, 2024: Warm end to AprilMegan Parry joined the ABC 10News team in 2014 as an esteemed meteorologist with a passion for delivering accurate weather forecasts and engaging with her community.
Source: 10News - 🏆 732. / 50 Read more »
‘Wall to Wall Prince’ offers day-long celebration on May 4Symphony Space’s free performance marathon Wall to Wall Prince returns on May 4, from 3 p.m.–11 p.m. at the Peter Jay Sharp Theatre.
Source: NYAmNews - 🏆 269. / 63 Read more »
Vote for Mid-Penn softball player of the week for games played April 22-April 27Click here for the latest PennLive MPC softball fan vote.
Source: PennLive - 🏆 463. / 53 Read more »
See all homes sold in these New Jersey counties, April 8 to April 14See all homes sold in these New Jersey counties from April 8 to April 14, 2024.
Source: njdotcom - 🏆 282. / 63 Read more »