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The losses extend the market's losing streak to five days, putting the Santa Claus rally at risk. Apple stock dropped more than 2.5%. Tesla fell 6% after reporting deliveries.
All the major market averages finished higher for the week, with the S&P 500 gaining 2.5%, the Dow Jones Industrial average ending up 1.8% and the Nasdaq climbing north of 4%.
Indexes closed lower on Thursday, led by a slide in tech stocks like Apple. The Nasdaq slipped almost 1%, while the Dow and S&P 500 fell slightly. The losses come after strong gains on Wednesday ...
Here's what else happened today: The Fed won't cut rates at all in 2025 , Deutsche Bank says. The area of the stock market investors should avoid next year , according to Wells Fargo.
U.S. stocks wobbled Friday as the Nasdaq ends the week on a downbeat note. ... Stock market news today: Stocks close mixed, end week with losses. Dani Romero. February 10, 2023 at 1:11 PM.
"Possible dovish surprises could include a more concerned take on the labor market or any suggestion that the high level of the fed funds rate is inappropriate in light of the progress made on ...
The "reverse stock split" appellation is a reference to the more common stock split in which shares are effectively divided to form a larger number of proportionally less valuable shares. New shares are typically issued in a simple ratio, e.g. 1 new share for 2 old shares, 3 for 4, etc. A reverse split is the opposite of a stock split.
U.S. stocks drifted slightly lower after rallying earlier this week, as investors eyed developments on discussions between Russia and Ukraine and mulled mixed data on the U.S. economy.