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Market Overview Stocks close lower – Major equity indexes closed modestly lower on Friday but remained up for the week. Small- and mid-cap stocks trailed large-cap stocks for the day. Sectors were mixed, with utilities and materials leading to the downside, and financials, technology and health care higher. In global markets, Asia was mixed on […]
Market Overview Stocks close sharply higher: Stock markets closed sharply higher on Wednesday, as mega-cap technology led the gains, and artificial intelligence (AI) leader NVIDIA approached $3 trillion in market capitalization. In addition, softening labor market data, combined with better inflation trends more recently, support the notion that the Fed may cut rates in the […]
Market Overview Stocks close modestly higher: After a volatile start to the week, the S&P 500 closed modestly higher on Tuesday. This comes as U.S. job openings for the month of April came in below expectations, perhaps an early indication that companies may be pulling back hiring plans. Investors are awaiting additional labor-market data this […]
Market Overview Stocks finish mixed amid growth concerns: After opening higher, U.S. equity indexes lost steam through the day, as manufacturing data sapped some enthusiasm over the outlook for the economy. The latest ISM manufacturing index reading showed that factory production weakened recently, driven by a drop in new orders, which prompted stocks to give […]
Market Overview Stocks mostly fell on Thursday because weak performance in the technology sector pulled the markets down. This weakness was mainly due to disappointing guidance from Salesforce, which announced its quarterly results after the market closed the previous day. Outside of major tech stocks, the markets did fairly well. Every sector in the S&P […]