Wall Street sets a record while the US dollar's value slides again
- On Tuesday, the S&P 500 rose 0.5% and could top its all-time high as mixed quarterly profit reports from several major companies drove uneven market moves.
- This week, a heavy schedule of corporate reports is shaping trading, with Meta Platforms, Microsoft and Tesla on Wednesday and Apple on Thursday amid the Federal Reserve policy event.
- Notable earnings and corporate deals produced large individual stock moves as UnitedHealth Group tumbled 19.1% after a weak revenue outlook, while Corning climbed 15.5% on a $US6 billion deal with Meta Platforms.
- Investor caution showed in both insurer share drops and steady Treasury yields as Humana skidded 20.2, Elevance Health dropped 13, CVS Health sank 12.9%, and the 10-year Treasury yield held at 4.22% Monday.
- The Federal Reserve will announce its next decision Wednesday, with widespread expectation it will hold rates steady while traders expect cuts later this year as several major stocks report earnings later this week.
34 Articles
34 Articles
Wall Street sets a record after a mixed day of trading
Wall Street ticked to a record as stocks zigzagged underneath the market’s surface following mixed profit reports from UnitedHealth, General Motors and other big companies. The S&P 500 rose 0.4% Tuesday, even though more stocks fell within the index than…
ASX set to rise as Wall Street hits record; $A hits US70c
Wall Street ticked to a record on Tuesday, as stocks zigzagged under the market’s surface following mixed profit reports from UnitedHealth, General Motors and other big companies.
Wall Street flirts with record high as GM, UnitedHealth report earnings
Wall Street is flirting with a record on Tuesday, as stocks zigzag under the market’s surface following mixed profit reports from UnitedHealth, General Motors and other big companies. The S&P 500 rose 0.5% and could top its all-time high set a couple weeks ago, even though slightly more stocks fell within the index than rose. The Dow Jones Industrial Average was down 288 points, or 0.6%, as of 11:45 a.m. Eastern time, and the Nasdaq composite wa…
Wall Street sets a record while the US dollar’s value slides again
By STAN CHOE, AP Business Writer NEW YORK (AP) — Wall Street ticked to a record on Tuesday, as stocks zigzagged following mixed profit reports from UnitedHealth, General Motors and other big companies. Related Articles TikTok faces app deletions, censorship claims and glitches in days after its ownership change Amazon to close Amazon Go and Amazon Fresh to concentrate on Whole Foods and grocery delivery …
Wall Street sets a record while the US dollar's value slides again
NEW YORK (AP) — Wall Street ticked to a record on Tuesday, as stocks zigzagged following mixed profit reports from UnitedHealth, General Motors and other big companies.The S&P 500 rose 0.4% and edged past its prior all-time high set a couple weeks ago. The Dow Jones Industrial Average dropped 408 points, or 0.8%, and the Nasdaq composite climbed 0.9% as the stock market cleaved between winners and losers.The swings were even bigger in foreign-cu…
Gold hits another record, silver soars
NEW YORK — U.S. stock indexes ticked higher Monday, while other markets made louder moves, including another record-breaking rush for the price of gold. The S&P 500 rose 0.5% and won back its losses from last week’s dip. The Dow Jones Industrial Average climbed 313 points, or 0.6%, and the Nasdaq composite added 0.4%. The […]
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