U.S. stocks finished lower on Tuesday as Wall Street took a breather from a postelection rally that propelled the major stock indexes to all-time highs.
The Dow Jones Industrial Average lost 0.9%, ending near 43,910, according to preliminary data from FactSet. It was the worst day for the blue-chip index since Oct. 31, according to Dow Jones Market Data.
The S&P 500 was off 0.3%, to finish around 5,984. The large-cap benchmark index snapped a five-session winning streak.
The Nasdaq Composite dropped less than 0.1%, leaving it nearly flat at 19,281.
Stocks viewed as beneficiaries of Donald Trump's return to the White House struggled on Tuesday. The small-cap Russell 2000 index finished down more than 1.8%. Shares of Tesla Inc. tumbled more than 6%.
A surge in Treasury yields also weighed on the stock market on Tuesday as traders returned from the Veterans Day holiday and focused on concerns about inflation ahead of the release of October's U.S. consumer-price index.
The yield on the 10-year Treasury rose 12.4 basis points to 4.430%, the highest since July 2, according to FactSet data.
Source : MarketWatch
European equities extended gains for a fourth consecutive session on Thursday, with both the STOXX 50 and the STOXX 600 rising nearly 0.2% to fresh record highs. The advance reflected a broadly posit...
Asia-Pacific markets mostly rose Thursday, following mixed trading on Wall Street as investors kept an eye on the U.S. government, which appeared poised to reopen as soon as the end of the week. Japa...
US stocks rallied, with the Dow surging 410 points to a new record high, while the S&P 500 and Nasdaq posted modest gains, as confidence grew that the prolonged government shutdown would end this ...
US stocks were higher on Wednesday, with the S&P 500 and Nasdaq each up 0.2%, while the Dow Jones gained 250 points to notch a new record high. Sentiment was buoyed by optimism that the governmen...
European stocks were higher on Wednesday, with the STOXX 50 up 0.6% and the STOXX 600 rising 0.4%, extending gains from the previous two sessions to reach fresh record highs. Investor sentiment remain...
Global supply continues to surge as production from the OPEC+ bloc has resumed production cuts, while non-OPEC producers such as the US, Brazil, and Canada are actively adding capacity. For example, reports suggest that global supply growth could...
Gold remains supported by growing market expectations for monetary policy easing by the Federal Reserve, as investors doubt whether the data released after the government shutdown will support the economy. With US interest rates potentially...
Gold prices rose on Thursday, hitting a more than three-week high, on expectations that the U.S. government reopening would increase debt levels, while delayed economic data could bolster the case for a Federal Reserve rate cut next month. Spot...
Global financial market optimism has increased after the latest data indicated a strong chance that the Federal Reserve (The Fed) will cut interest...
Fed increasingly fractured over Dec rate cut
Federal Reserve officials are growing increasingly fractured over whether to cut interest rates in...
Asian stocks advanced for a second consecutive day as progress toward ending the record-long US government shutdown lifted sentiment,...
Lawmakers returned to Washington on Tuesday (November 11th), after a 53-day recess, facing crowded airports across the country for a vote that could...