US EditionWall Street takes a pause near its records
Tesla shares dropped 1.8% while Delta Air Lines rose over 6% after strong summer profits; the S&P 500 has gained roughly 35% since April amid investor caution.
- On Thursday, Wall Street paused as the S&P 500 index slipped 0.1%, Tesla, automaker shares fell 1.8%, and the Dow Jones Industrial Average dropped 126 points.
- Markets have surged roughly 35% since April, raising concerns stocks look expensive while the U.S. government shutdown delays unemployment claims data for a second Thursday.
- After its report, Delta Air Lines rose 6.5% as Glen Hauenstein, Delta President, said sales trends accelerated broadly over the last six weeks, including in domestic business travel.
- Regulators opened a preliminary evaluation of the Full Self-Driving system, while SoftBank surged 11.4% after announcing a $5.4 billion deal to acquire ABB's robotics unit.
- Earnings reports are taking on outsized importance as public companies must deliver big profit growth to justify recent stock gains, investors said.
40 Articles
40 Articles
The News-Herald
Wall Street takes a pause near its records as Tesla falls and Delta flies
By STAN CHOE, Associated Press Business Writer NEW YORK (AP) — Wall Street is taking a pause on Thursday as U.S. stocks and even the price of gold make only modest moves near their record highs. The S&P 500 slipped 0.1%, coming off its latest all-time high and its eighth gain in the last nine days. The Dow Jones Industrial Average was down 126 points, or 0.3%, as of 10:05 a.m. Eastern time, and the Nasdaq composite was 0.1% lower. Related Articl…
Asian shares are mostly lower following Wall Street’s pause from its feverish rally
MANILA, Philippines (AP) — Asian shares mostly fell on Friday, after a respite from Wall Street’s recent feverish rally. The price of gold also pulled back from record highs following recent torrid runs. U.S. futures and oil prices were higher. Nealy all Asian indexes were down, with the exception of South Korea’s Kospi, which climbed 1.3% to 3,596.36 as trading reopened after a holiday. The surge was fueled by a rally of tech shares including S…
Wall Street’s feverish rally takes a break as US stocks and gold pull back from their records - WXXV News 25
By STAN CHOE NEW YORK (AP) — Wall Street took a pause on Thursday as U.S. stocks and even the price of gold pulled back from record highs following torrid runs. The S&P 500 slipped 0.3% from its latest all-time high for just its second loss in the last 10 days. The Dow Jones Industrial Average dropped 243 points, or 0.5%, and the Nasdaq composite edged down by 0.1%. Gold also fell following its stellar rally this year, losing 2.4% to drop back…
Wall Street takes a pause near its records as Tesla falls and Delta flies - ABC Columbia
(AP) — Wall Street is taking a pause on Thursday as U.S. stocks and even the price of gold make only modest moves near their record highs. The S&P 500 slipped 0.1%, coming off its latest all-time high and its eighth gain in the last nine days. The Dow Jones Industrial Average was down 126 points, or 0.3%, as of 10:05 a.m. Eastern time, and the Nasdaq composite was 0.1% lower. Gold also crept back from its latest record following a stellar rally …
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