US EditionBig Tech keeps Wall Street steady, even as most US stocks fall
Amazon’s 2.3% stock rise helped stabilize the S&P 500 despite a 3.3% wholesale inflation increase that pressured most other U.S. stocks, analysts said.
- On Thursday, most stocks fell on Wall Street following an inflation report, but the S&P 500 rose 0.1% despite three-quarters of its stocks declining.
- On Thursday, U.S. wholesale inflation report showed prices increased significantly, exceeding forecasts, last month.
- Big Tech gains contrasted broader losses, with Amazon's stock rising 2.3% and Tapestry shares falling as tariffs cut profit forecasts.
- Traders second-guessed the Fed rate cut, with expectations falling to a 9.5% chance after the inflation data, according to CME Group data.
- A separate report said fewer U.S. workers applied for unemployment benefits last week, indicating layoffs remain relatively low in a tight jobs market.
44 Articles
44 Articles
Most U.S. stocks fall after disappointing inflation update, but Big Tech keeps Wall Street steady
Most stocks fell on Wall Street following a disappointing update on inflation. But gains for Amazon and other influential Big Tech companies helped mask the losses on Thursday, and the S&P 500 edged up by less than 0.1% to set…
abc 15 Arizona
Most US stocks fall after a disappointing inflation update, but Big Tech keeps Wall Street steady
Most stocks are falling on Wall Street Thursday after a disappointing report said inflation was worse last month at the U.S. wholesale level than economists expected.
The Columbian
Big Tech keeps Wall Street steady, even as most US stocks fall
NEW YORK (AP) — Most stocks are falling on Wall Street Thursday after a disappointing report said inflation was worse last month at the U.S. wholesale level than economists expected. But gains for Amazon and other influential Big Tech companies are helping to mask the losses. Read more...
N Digital
Felix VictorinoMost of the shares on Wall Street retreated this Thursday after a report revealed that wholesale inflation in the United States exceeded economists’ forecasts last month. However, Amazon’s and other major technology gains helped cushion losses. Four out of every five S&P 500 values closed downwards, although the index barely dropped by 0.1%, having reached a historic peak in the previous day. Dow Jones lost 144 points, equivalent to 0.3%, while …
Coverage Details
Bias Distribution
- 59% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
