Search

Stock Market Today: Dow, S&P 500 Rise After Inflation Data Ticks Up - The Wall Street Journal

rinwengi.blogspot.com

LIVE UPDATES

Stock Market Today: Nasdaq Rises, Dow Wavers as August Nears End

Dollar General stock drops; UBS posts record $29 billion profit

Last Updated: 

Aug. 31, 2023 at 1:35 PM EDT

U.S. stock markets are looking to end August on a high note—with mixed results.

All three major indexes were in the green for much of Thursday as they seek five-day winning streaks. That might not be enough to put markets in positive territory this month, though: The S&P 500 and Nasdaq Composite are on track to record their first monthly losses since February.

Federal data on Thursday showed U.S. consumers spent at a faster clip in July, while a closely watched measure of underlying price pressures remained steady. That could complicate the Federal Reserve’s debate on whether to hold interest rates steady in September.

Around midday:

Stock indexes mostly advanced. The Nasdaq and S&P 500 edged higher, led by the tech-focused Nasdaq. The blue-chip Dow was about flat.

Treasury yields wavered. The 10-year U.S. Treasury yield recently traded around 4.094% after settling Wednesday at 4.117%.

Salesforce jumped. Up about 4% after an earnings beat, the tech firm is the Dow's best performer.

Dollar General dropped. The retail chain is down about 14%, making it the S&P 500's biggest loser, after it cut its sales and earnings outlook.

Chinese stocks closed out a terrible month. The Shanghai Composite logged its worst monthly performance since September 2022, while Hong Kong’s Hang Seng Index fell into a bear market in August. In Europe, bonds gained while the euro fell.

The U.S. government’s August jobs report is due Friday.

Get smarter about markets with our free morning and evening newsletters, delivered every weekday.

Adblock test (Why?)



"stock" - Google News
September 01, 2023 at 12:30AM
https://ift.tt/TsWKNDL

Stock Market Today: Dow, S&P 500 Rise After Inflation Data Ticks Up - The Wall Street Journal
"stock" - Google News
https://ift.tt/3Lwl2X0
https://ift.tt/x6Ufdz5

Bagikan Berita Ini

0 Response to "Stock Market Today: Dow, S&P 500 Rise After Inflation Data Ticks Up - The Wall Street Journal"

Post a Comment


Powered by Blogger.