US EditionWall Street Edges Back From Its Records as Its Busy Week Picks up Momentum
NEW YORK, UNITED STATES, JUL 29 – Nasdaq and S&P 500 near record highs as investors focus on Federal Reserve interest rate decisions and progress in U.S.-China trade talks, with nearly a third of S&P 500 companies reporting earnings.
- On Tuesday, U.S. stock indexes edged back from record highs as investors reacted to earnings reports and economic data in New York.
- This movement followed a reporting season marked by investors punishing companies missing expectations and a looming Aug. 12 tariff deadline between the U.S. and China.
- Economic reports showed U.S. employers advertised fewer job openings at June's end, but consumer confidence rose despite pressures from tariffs and signs the economy is slowing.
- Shares of Novo Nordisk dropped 20.5% after cutting its sales forecast due to competition, while UnitedHealth Group’s spring profit fell short, causing its stock to drop 3.7%.
- The Federal Reserve has started a meeting spanning two days to determine actions on short-term interest rates, with many anticipating that it will hold off until more information on the impact of tariffs becomes available, making this week crucial for financial markets.
Insights by Ground AI
Does this summary seem wrong?
52 Articles
52 Articles
Sask Today+5 Reposted by 5 other sources
US stocks edge higher as a busy week for markets picks up momentum
NEW YORK (AP) — U.S. stock indexes are ticking higher as a busy week for Wall Street picks up momentum. The S&P 500 was up 0.2% in early trading Tuesday after setting all-time highs for six straight days.
San Diego Union Tribune+28 Reposted by 28 other sources
Wall Street edges back from its records as its busy week picks up momentum
By STAN CHOE, AP Business Writer NEW YORK (AP) — U.S. stock indexes are edging back from their record levels on Tuesday as an incredibly busy week for Wall Street picks up momentum. The S&P 500 was down 0.2% in midday trading after setting an all-time high in six straight days. The Dow Jones Industrial Average was down 202 points, or 0.5%, as of 11:30 a.m. Eastern time, and the Nasdaq composite was down 0.3% from its own record. SoFi Technologie…
·San Diego, United States
Read Full Article
Coverage Details
Total News Sources52
Leaning Left17Leaning Right1Center23Last UpdatedBias Distribution56% Center
Bias Distribution
- 56% of the sources are Center
56% Center
L 41%
C 56%
Factuality
To view factuality data please Upgrade to Premium
