Tech stocks drag Nasdaq, S&P
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It was a mixed day on Wall Street, with the S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) closing in the red. The Dow Jones Industrial Average (^DJI) closed higher, but only by 10 points. Yahoo Finance Markets and Data Editor Jared Blikre recaps the action at the close while Defiance ETFs CEO and CIO Sylvia Jablonski weighs in on the day's trading.
Markets are red, as investors saw a mixed batch of earnings, and are set for the Federal Reserve’s meeting minutes release. Remember, markets are looking for any sign of a potential rate cut by September.
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TV News Check on MSNDow Adds 16, Nasdaq Falls 142, S&P 500 Drops 16
Wall Street steadied Wednesday after Nvidia, Palantir and other AI stars trimmed their losses. The post Dow Adds 16, Nasdaq Falls 142, S&P 500 Drops 16 appeared first on TV News Check. The post Dow Adds 16,
The central bank's annual conference in Jackson Hole, Wyoming, kicks off on Friday, with Chair Jerome Powell expected to speak, remarks that will be closely watched for policy signals. Investors have been pricing in a 25-basis-point rate cut in September, according to data compiled by LSEG.
Tech stocks are leading declines on Wall Street, with worries about AI spurring debates about its future. The Nasdaq Composite is down around 2.4% over the last two days, the worst two-day fall since April.
Friday’s session closes with the NASDAQ Composite Index at 17,133.13. The total shares traded for the NASDAQ was over 4.49 billion. Declining stocks led advancers by 2.62 to 1 ratio. There were ...