US EditionWorld Shares Are Mixed After Wall Street Pulls Near Its All-Time High
Marvell rose 5.6% on strong data-center demand and a $3.25 billion acquisition, while Macy’s stock fell 1.4% despite a surprise quarterly profit, reflecting mixed investor sentiment.
- On Wednesday, the U.S. stock market drifted near record levels as Marvell rose 5.6% after beating profit expectations and Macy's fell 1.4% despite a profit report.
- Earnings surprises across sectors combined with ADP's weak report to push 10-year Treasury yield lower, keeping alive expectations that the Federal Reserve might cut rates next week.
- Among the drivers, a small number of big stocks limited gains as about one in four S&P 500 stocks lost ground, including Microsoft falling 2.6% and Nvidia slipping 0.6%.
- Intraday, the Dow gained and the Nasdaq lagged as the Dow Jones Industrial Average was up 32 points, or 0.1%, while the Nasdaq composite fell about 0.4% at 9:35 a.m. Eastern time.
- Global trading was mixed with gains in Japan and losses in Chinese markets as Japan's Nikkei 225 jumped 1.1% led by Tokyo Electron's 4.7% rise while China's stock indexes fell sharply.
66 Articles
66 Articles
Winnipeg Free Press
Asian shares are mixed after Wall Street pulls near its all-time high
Breaking News, Sports, Manitoba, Canada
Sydney Morning Herald
ASX gains amid BHP, Rio Tinto’s copper rally; Property trusts decline
The Australian sharemarket advanced on Thursday, driven by the nation’s mining and banking heavyweights, while a surge in bond yields pulled down real estate investment trusts.
Hartford Courant
Wall Street drifts near its all-time high as Marvell Technology jumps and Macy’s sinks
By STAN CHOE, Associated Press Business Writer NEW YORK (AP) — The U.S. stock market is drifting on Wednesday following mixed profit reports from companies, as Macy’s sinks but Marvell Technologies climbs. Related Articles The Nerds share tips for memorable, budget-friendly gifts Macy’s posts surprise profit with overhaul under new CEO resonating with shoppers Boeing on track to generate billions i…
Hastings Tribune
Wall Street drifts near its all-time high as Marvell Technology jumps and Macy's sinks
The U.S. stock market is drifting following mixed profit reports from companies. The S&P 500 edged down by 0.1% Wednesday but remains within 1% of its all-time high set in late October. The Dow Jones Industrial Average added 32 points,…
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