Stock market today: Dow slips
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The wait is on for the latest reading on consumer inflation that could help set expectations for the path of interest rates.
Major stock indexes fell Wednesday, with the S&P 500 and Dow Jones Industrial Average on pace for a fourth consecutive decline, as AI bubble concerns resumed and investors digested tepid labor data.
Stocks could see wild swings in the last trading push of the year. Where to put your money. Investors are dumping stock-market winners and buying almost everything else. Why that’s a good sign.
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The Nasdaq Composite rallied late on Tuesday to snap its losing streak at three days. The tech-heavy index rose 0.2% after falling nearly 0.6% at its low earlier in the day. The S&P 500 dipped 0.2%. The Dow Jones Industrial Average fell 302 points, or 0.6%.
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Stock market today: S&P 500, Dow up, gold miners jump; AI stocks brush off Oracle drop (live coverage)
At least eight of the 30 Dow Jones components rose three points or more. They included Visa V, Goldman Sachs GS and American Express AXP. Paint giant Sherwin-Williams SHW ramped up more than four points, nearly 2%, following the Federal Reserve's decision to trim interest rates.
US stocks traded mixed on Wednesday as investors weighed what the latest data and Federal Reserve comments mean for interest rate cuts, with tech stocks under pressure as Oracle (ORCL) stock slid. After weeks in a data vacuum,
A day that featured the biggest initial public offering in four years also saw the Nasdaq Composite close sharply lower. The tech-heavy index slid 1.8%. The S&P 500 dropped 1.1%. The Dow Jones Industrial Average fell 230 points, or 0.5%. The S&P and Dow extended their respective losing streaks to four days.