stock market

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This EV Carmaker Just Had a Huge Day

Vietnam's VinFast hits $85B market cap on first day of Nasdaq trading, now worth more than Mercedes

(Newser) - A Vietnamese carmaker debuted on the Nasdaq on Tuesday and was suddenly worth more than legacy brands including Ford, General Motors, Mercedes-Benz, and Volkswagen. VinFast, one of the biggest automakers in Vietnam, began offering gas-powered vehicles in 2018, per Quartz . It launched electric vehicles in 2021, but only began selling...

Worries About China Weigh Down Markets
Dow Drops 361 Points
Amid Worries About China
MARKETS

Dow Drops 361 Points Amid Worries About China

But report on US retail sales was encouraging

(Newser) - A sharp drop for Wall Street capped a day of declines worldwide after discouraging data on China raised worries about the global economy. The S&P 500 fell 1.86 points, or 1.2%, to 4,437.86 Tuesday after reports indicated a deepening slump for the world's second-largest...

US Steel Jumps 38.9% After Buyout Offer Rejected
US Steel Jumps Almost 40%
MARKETS

US Steel Jumps Almost 40%

Indexes edge higher ahead of report on retail sales

(Newser) - Stock indexes ticked higher on Wall Street ahead of a week of reports showing how strong US shoppers remain, amid hopes their spending can keep the economy out of a recession. The S&P 500 added 25.67, or 0.6%, to 4,489.72, though slightly more stocks fell...

For the Nasdaq, Its First Losing Streak of the Year

Benchmark S&P also falls for the week, while the Dow rises

(Newser) - Stocks had a mixed day Friday on Wall Street, as investors reviewed new data for potential clues about the Federal Reserve's next move on rates, per the AP .
  • The benchmark S&P 500 fell 4 points, or 0.1%, to 4,464, for its second losing week in a
...

Inflation Report Touches Off Activity, but Stocks Settle Down

Disney climbs after promising to raise streaming prices

(Newser) - Stocks swung through shaky trading Thursday following the latest update on inflation across the nation, only to end up roughly where they started. The S&P 500 edged up by 1.12, or less than 0.1%, to 4,468.83. It was just the second winning day for the...

Nvidia Drops Almost 5% Ahead of Inflation Report

It was also a bad day for Lyft, WeWork, Tesla

(Newser) - Stocks slipped Wednesday, as Wall Street braced for a highly anticipated report on inflation. The S&P 500 fell 31.67 points, or 0.7%, to 4,467.71 Wednesday and has now dropped six of the last seven days. The Dow Jones Industrial Average fell 191.13 points, or...

Worries About Banks Drag Markets Down
Worries About Banks,
World Economy Hit Markets
MARKETS

Worries About Banks, World Economy Hit Markets

Moody's cuts credit ratings for 10 small to midsized American banks

(Newser) - Wall Street slipped Tuesday as worries about the banking system and the global economy forced more caution into financial markets worldwide. The S&P 500 fell 19.06, or 0.4%, to 4,499.38 and at one point was down nearly triple that. It was the fifth loss in...

Markets Regain Momentum After Last Week&#39;s Lull
Markets Bounce Back
After Last Week's Lull
MARKETS

Markets Bounce Back After Last Week's Lull

Dow jumps 407 points

(Newser) - Stocks climbed Monday as Wall Street's big rally for the year kicked back into gear following a brief hiccup. The S&P 500 rose 40.41, or 0.9%, to 4,518.44 and recovered more than a third of its loss from last week. That was its first...

Stocks Slip After Jobs Report
Stocks Slip After Jobs Report
markets

Stocks Slip After Jobs Report

Market concludes a losing week

(Newser) - Stocks fell Friday to close out a rare losing week for Wall Street following mixed reports on the US job market and two of the market's most influential stocks. The S&P 500 sank 23.86, or 0.5%, to 4,478.03. It was the fourth straight drop...

Wall Street Can&#39;t Right This Week&#39;s Slump
Wall Street Can't Right
This Week's Slump
MARKETS

Wall Street Can't Right This Week's Slump

S&P 500 falls for third straight day

(Newser) - Stocks slipped Thursday as Wall Street's red-hot rally for the year cooled a bit more. The S&P 500 fell 11.50, or 0.3%, to 4,501.89 for its third straight loss after setting a 16-month high, per the AP . The Dow Jones Industrial Average dropped 66....

Wall Street Just Had Its Worst Day in Months
Wall Street Just Had
Its Worst Day in Months
MARKETS

Wall Street Just Had Its Worst Day in Months

Dow drops 348 points as rally runs out of steam

(Newser) - Wall Street tumbled to its worst day in months as its torrid rally that critics called overdone lost more momentum. The S&P 500 fell 63.34 points Wednesday, or 1.4%, to 4,513.39 for its sharpest drop since April. It was the index's second straight loss...

Travel Stocks Drop as Markets Back From Rally
Travel Stocks Drop
Despite Strong Profits
MARKETS

Travel Stocks Drop Despite Strong Profits

Wall Street edges back from year's big rally

(Newser) - Wall Street took a step back from its big rally so far this year, and most stocks fell Tuesday following a mixed set of earnings reports from US companies. The S&P 500 lost 12.23, or 0.3%, to 4,576.73, coming off its fifth straight winning month....

Stocks Edge Higher to Close Another Winning Month

S&P 500 is at a 16-month high

(Newser) - Wall Street closed out its latest winning month with another tick higher on Monday. The S&P 500 added 6.73 points, or 0.1%, to 4,588.96 to cap its fifth straight month of gains. That's its longest winning streak in nearly two years, and the index...

Tech Stocks Help Restore Climb
Tech Stocks Help Restore Climb
markets

Tech Stocks Help Restore Climb

Positive report on inflation is reassuring sign about avoiding a recession

(Newser) - Wall Street's rally got back on track Friday, following more encouraging profit reports and the latest signal that inflation is loosening its chokehold on the economy. Big Tech stocks led the market, per the AP , and the S&P 500 closed out its third straight winning week and its...

Markets Hold Steady After Fed Raises Rates
Boeing, Alphabet Help
Keep Markets Steady
MARKETS

Boeing, Alphabet Help Keep Markets Steady

Indexes were little changed after Fed raised rates

(Newser) - Wall Street held steady after the Federal Reserve followed through on expectations and raised its benchmark interest rate to its highest level in more than two decades. Treasury yields fell following Wednesday's announcement, which traders hope will mark the final increase of this cycle, the AP reports. The S&...

Big Gain for GE Offsets Airline Losses
GE, 3M Were Among
the Winners on Wall Street
MARKETS

GE, 3M Were Among the Winners on Wall Street

But Raytheon Technologies had a rough day

(Newser) - Stocks closed higher as Wall Street waits to hear from some of its most influential companies, and whether their huge rally this year was justified. The S&P 500 rose 0.3% Tuesday to its highest level in more than 15 months. The Dow added 26 points, or 0.1%,...

Wall Street Rallies Ahead of Reports From Big Tech

Traders expect Fed to raise rates this week for the last time in this cycle

(Newser) - Wall Street ticked higher Monday to start a week full of updates on where interest rates and profits for the stock market's most influential companies are heading. The S&P 500 rose 18.30, or 0.4%, to 4,554.64, coming off its eighth winning week in the...

Stocks Move Little, Preserving Week&#39;s Gains
Calm Day Preserves
Stocks' Gains for the Week
markets

Calm Day Preserves Stocks' Gains for the Week

Roper Technologies climbs after earnings report, while American Express drops

(Newser) - Wall Street closed out another winning week with a quiet Friday, as stocks found some stability after sliding the day before, per the AP. The S&P 500 edged up by 1.47, or less than 0.1%, to 4,536.34. The Dow added 2.51 points, or less...

Dow Has a Rare 9-Day Winning Streak
Dow Has a Rare
9-Day Winning Streak
MARKETS

Dow Has a Rare 9-Day Winning Streak

But the S&P 500 and the Nasdaq were in the red on Thursday

(Newser) - It was quite a mixed day on Wall Street: The Dow rose more than 160 points on Thursday to notch its first nine-day winning streak since 2017, reports CNBC . But drops for Tesla, Netflix, and other big tech-oriented stocks crimped the benchmark S&P 500 and the tech-dominated Nasdaq:
  • The
...

Bank Profit Reports Extend Wall Street Rally
Carvana Leaps 40.2%
After Debt Deal
MARKETS

Carvana Leaps 40.2% After Debt Deal

Bank profit reports extend Wall Street rally

(Newser) - Wall Street closed modestly higher following profit reports from a spate of banks and other big US companies. The S&P 500 rose 0.2% Wednesday after its seventh gain in the last eight days. The Dow added 109 points, or 0.3%, and the Nasdaq edged up less than...

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