US EditionWall Street Drifts Lower as Stocks Slow Their Roll
- U.S. Stocks drifted lower on Wednesday in New York after leaping back near their all-time highs the previous day.
- The recent rise followed hopes that the worst effects from President Donald Trump's trade war might have passed, amid uncertainty about tariffs and economic risks.
- Key indexes like the S&P 500 fell about 0.2%, the Dow dropped 121 points or 0.3%, while retailers showed mixed results and Nvidia prepared to report after hours.
- Okta dropped 14.4% despite better earnings, GameStop fell nearly 10% after disclosing a bitcoin purchase worth over $510 million, and Treasury yields rose to 4.49% amid bond market volatility.
- The Federal Reserve kept rates steady, citing rising risks of unemployment and inflation tied partly to tariffs, while Japan’s central bank reduced bond purchases, dampening demand.
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Herald Bulletin+11 Reposted by 11other sources
Wall Street drifts lower ahead of Nvidia's earnings report
U.S. stocks closed lower a day after leaping back within a few good days’ worth of gains from their all-time high. The S&P 500 fell 0.6% Wednesday after meandering between earlier gains and losses. The Dow Jones Industrial Average lost…
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Total News Sources63
Leaning Left15Leaning Right3Center21Last UpdatedBias Distribution54% Center
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- 54% of the sources are Center
54% Center
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C 54%
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