Published 2 months ago

How major US stock indexes fared Tuesday, 5/28/2024

U.S. Stocks declined due to higher bond yields, affecting Wall Street post-holiday weekend. The S&P 500 remained near a record, with about two-thirds of its stocks dropping.
The Dow Jones Industrial Average fell by 0.6% while the S&P 500 closed almost unchanged, staying below a previous record.
Despite overall decline, certain technology stocks performed well, aiding the Nasdaq composite to reach another all-time high.

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Hindustan Times

US markets shift: Wall Street returns to T+1 stock trading after a century

The switch to the system known as T 1 — abandoned in the earlier era as volumes became unwieldy — is ultimately intended to reduce risk in the financial system.

2 months ago·New Delhi, India

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abc News

How major US stock indexes fared Tuesday, 5/28/2024

Most U.S. stocks fell as a tick higher in bond yields tightened the screws a bit on Wall Street following a three-day weekend

2 months ago·United States

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Financial Post

Wall Street Returns to T+1 Stock Trading After a Century

(Bloomberg) — The US stock market is finally as fast as it was about a hundred years ago.

2 months ago·Canada

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Bloomberg

Wall Street Returns to T+1 Stock Trading After a Century

Business accelerates on Wall St. from today, as the amount of time permitted to complete stock trades will halve to just one day. The switch to the system known as T+1 — abandoned in the earlier era as volumes became unwieldy — is ultimately intended to reduce risk in the financial system. Yet there are worries about potential teething issues, including that international investors may struggle to source dollars on time, global funds will move a…

2 months ago·United States

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Business Insider

Stock market today: Nasdaq hits record, Dow tumbles as bond yields spike

This November 15, 2011 photo shows vehicles as they drive by the US Treasury Building in Washington, DC.Karen Bleier/AFT/Getty Images US stocks were mixed Tuesday. The Nasdaq finished at a record while the Dow tumbled. Nvidia soared but the broader market weakened amid a fresh spike in Treasury yields. Tepid demand at the latest Treasury auction and hawkish comments from Fed officials spooked investors. US stocks finished mixed on Tuesday, with…

2 months ago·United States

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Washington Top News

How major US stock indexes fared Tuesday, 5/28/2024

Most U.S. stocks fell as a tick higher in bond yields tightened the screws a bit on Wall Street following a three-day weekend. The S&P 500 closed little changed Tuesday and is sitting just below its record set a week ago. Roughly two out of every three stocks in the index fell. The Dow Jones Industrial Average fell 0.6%. Some technology stocks remained particularly strong, which helped the Nasdaq composite rise 0.6% to another all-time high. B…

2 months ago·Washington, United States

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