US EditionWall Street Drifts Around Its Record While the Dollar’s Value Stabilizes
Tech and AI stocks led gains as the S&P 500 rose 0.3% and the U.S. dollar stabilized ahead of a Federal Reserve interest-rate decision expected to hold rates steady.
- On Wednesday, the U.S. stock market drifted near record highs as the U.S. dollar stabilized; the S&P 500 rose 0.3% while the Nasdaq composite and Dow Jones Industrial Average posted modest gains ahead of the Federal Reserve decision.
- Political pressure and a looser rate backdrop set the stage for recent currency moves as the dollar's descent accelerated to its weakest level since early 2022 after President Donald Trump's tariff threats earlier this month.
- Nvidia led gains after positive tech momentum and earnings, climbing 1.2% and lifting the S&P 500, while Starbucks jumped 4.9% on strong revenue and Seagate Technology surged 16.8%.
- Flows into safer assets left exporters better positioned as gold topped $5,000 to $5,258.50 this week, reflecting investor shifts from the dollar .
- Companies remain under pressure to boost profits after run-ups in stock prices, while global markets diverged with South Korea's Kospi up 1.7% and some European indexes falling.
32 Articles
32 Articles
Sydney Morning Herald
ASX set for flat start, Wall Street steady as Fed holds; Amazon cuts 16,000 jobs
The US stock market is drifting around its all-time high on Wednesday, while the US dollar’s value stabilises against other currencies after falling to its lowest level in nearly four years.
The main stock indexes of Wall Street show upward movements in the first hours of the negotiations.The markets will be attentive to the meeting of monetary policy this Wednesday by the Federal Reserve and although no changes to the interest rate are expected the operators will fix their eyes on the signs about the next cut to the rate, as well as the expectations of the labor market and inflation.The Nasdaq reports an increase of 0.43 percent, i…
Broomfield Enterprise
US stocks tick higher while the dollar’s value stabilizes
NEW YORK (AP) — The U.S. stock market is ticking further into record heights on Wednesday, while the U.S. dollar’s value stabilizes against other currencies after falling to its lowest level in nearly four years. Related Articles What’s a ‘good enough’ financial plan? Holidays and a viral bear cup drive strong quarterly sales at Starbucks Federal Reserve may keep rates unchanged for months as econo…
Pioneer Press
Wall Street drifts around its record while the dollar’s value stabilizes
By STAN CHOE, Associated Press Business Writer NEW YORK (AP) — The U.S. stock market is drifting around its all-time high on Wednesday, while the U.S. dollar’s value stabilizes against other currencies after falling to its lowest level in nearly four years. Related Articles What’s a ‘good enough’ financial plan? Holidays and a viral bear cup drive strong quarterly sales at Starbucks Federal Reserve…
The Detroit News
Pittsburgh Post-GazetteU.S. stocks tick higher while the dollar's value stabilizes
The U.S. stock market is ticking further into record heights on Wednesday, while the U.S. dollar’s value stabilizes against other currencies after falling to its lowest level in nearly four years.
Idaho Press
Tech stocks lead Wall Street higher while the US dollar stabilizes
Tech stocks are leading a split Wall Street higher, while the U.S. dollar’s value stabilizes against other currencies after falling to its lowest level in nearly four years. The S&P 500 rose 0.3% in early trading Wednesday, coming off its…
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