U.S. stocks traded in narrow ranges Monday as investors awaited news from the renewed trade talks between Washington and Beijing, as well as key inflation data later in the week.
At 09:35 ET (13:35 GMT), the Dow Jones Industrial Average dropped 45 points, or 0.1%, and the S&P 500 index slipped 3 points, or 0.1%, while the NASDAQ Composite gained 30 points, or 0.2%.
The main averages on Wall Street have continued to gain after ending higher on Friday, fueled by a stronger-than-anticipated U.S. labor market reading for May, although risk appetite was rattled by signs of steadily increasing civil unrest in Los Angeles amid protests against President Donald Trump's immigration policies.
Citigroup (NYSE:C) has raised its year-end S&P 500 target to 6300, with the index having closed above 6000 on Friday for the first time since Feb. 21, driven by "a marginally more constructive fundamental view and an expectation for persistency of the current valuation backdrop."
Source: Investing.com
European stocks closed slightly higher on Wednesday, tracking the rebound in North American equities as speculation on future AI returns continued to dictate risk sentiment. The Eurozone's STOXX 50 r...
The three major US stock averages fluctuated between small gains and losses on Wednesday, attempting to rebound from Tuesday's weak session, when concerns over lofty AI valuations weighed on sentiment...
European stocks opened lower on Wednesday (November 5th), reflecting a global downturn amid growing concerns over sky-high tech valuations. The pan-European Stoxx 600 Index was down 0.4% at 8:20 a.m....
Asia-Pacific markets declined on Wednesday, following a decline on Wall Street, which was driven by concerns about the valuations of artificial intelligence (AI) stocks. Shares of Palantir, a major pl...
US stocks tumbled on Tuesday, with the S&P 500 down 1.1%, the Nasdaq shedding 2.1%, and the Dow losing about 240 points, as investors grew increasingly uneasy over stretched valuations in AI-drive...
Oil prices fell more than 1% on Wednesday, settling at two-week lows on pressure from concerns of a possible global oil glut, but data showing signs of strong U.S. demand for fuel limited losses. Brent crude futures closed 92 cents, or 1.43%,...
European stocks closed slightly higher on Wednesday, tracking the rebound in North American equities as speculation on future AI returns continued to dictate risk sentiment. The Eurozone's STOXX 50 rose 0.2% to 5,670 and the pan-European STOXX 600...
Silver traded above $47.5 per ounce on Wednesday, snapping a three-day losing streak as global risk-off sentiment spurred demand for safe-haven assets. Global equities and other risk assets fell sharply amid concerns over stretched valuations and...
Asian stocks opened lower on Tuesday, reversing Wall Street's rally fueled by Amazon's massive $38 billion deal with OpenAI. Stock markets in South...
The economic activity in the United States' (US) manufacturing sector continued to contract in October, with the Institute for Supply Management's...
Asia-Pacific markets declined on Wednesday, following a decline on Wall Street, which was driven by concerns about the valuations of artificial...
European stocks opened slightly higher in November, with the STOXX 50 and STOXX 600 gaining 0.2%, after closing near record highs in October....