US EditionUS Stocks Slip in Morning Trading as More Companies Report Their Results
Investors assess mixed corporate earnings amid the longest U.S. government shutdown, with a 69% chance of a Federal Reserve rate cut in December, CME FedWatch shows.
- On Thursday, U.S. stocks slipped in morning trading as investors pored over another batch of earnings reports amid missing data from the U.S. government shutdown.
- The government shutdown has deprived the Fed of monthly employment and consumer price data, leaving it limited as it weighs rate cuts amid a weakening job market.
- Companies including DoorDash warned and weighed on stocks as DoorDash sank 14% after raising spending forecasts, while Datadog jumped 22.4% and Rockwell Automation rose 5.7% after beating forecasts.
- Bond markets eased as two-year Treasury yield fell to 3.57% and the 10-year Treasury yield to 4.09%, while Wall Street investors forecast a 69% chance of a December Federal Reserve cut.
- The FAA will reduce air traffic by 1% starting Friday, adding operational strain, as technology stocks' record-setting gains raise valuation concerns and European markets reacted after the Bank of England decision.
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34 Articles
Pittsburgh Post-Gazette
BNN BloombergU.S. stocks slip in morning trading as more companies report their results
NEW YORK — Stocks are slipping in morning trading Thursday as investors pore over another batch of earnings reports from U.S. companies. The S&P...
Capital Gazette
US stocks fall as more companies report their results
By DAMIAN J. TROISE, AP Business Writer NEW YORK (AP) — Stocks are falling Thursday as investors pore over another batch of earnings reports from U.S. companies. The S&P 500 dropped 1%. The Dow Jones Industrial Average fell 449 points, or 1%, as of 11:30 a.m. Eastern time. The Nasdaq composite fell 1.6%. Technology stocks were the heaviest weights on the market, especially companies with huge values that give them outsize influence over the broa…
US stocks slip in morning trading as more companies report their results
Stocks are slipping in morning trading Thursday as investors pore over another batch of earnings reports from U.S. companies. The S&P 500 slipped 0.4%. The Dow Jones Industrial Average fell 185 points, or 0.4%, as of 10:25 a.m. Eastern time. The Nasdaq composite fell 0.7%.Corporate earnings and forecasts have been the big focus all week. The latest round of results and statements from executives could help shed some light on the condition and pa…
US stocks drift in early trading as more companies report their results
NEW YORK (AP) — Stocks are drifting as investors pore over another batch of earnings reports from U.S. companies. The S&P 500 slipped 0.1% early Thursday. The Dow Jones Industrial Average was essentially flat, and the Nasdaq composite fell 0.2%.
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