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The S&P 500 fell 0.5% and had been down as much as 1.2% during the day. It was the fourth straight drop for the main measure of the U.S. stock market’s health after it set an all-time high last week. The Nasdaq composite sank 1.4% as several influential Big Tech companies lost momentum and screeched lower.
Nvidia stock rose 1.7% Tuesday, as Wall Street analysts maintained their bullish outlooks despite potential regulatory risks and tariff headwinds.The stock had fallen as much as 3% earlier in the ...
The yield on the 10-year Treasury, which is the centerpiece of the bond market, eased to 4.67% from 4.69% late Tuesday. But it topped 4.70% earlier in the morning and is well above the 4.15% level ...
In the bond market, the yield on the 10-year Treasury rose to 4.27% from 4.23% late Tuesday. The two-year Treasury yield, which more closely tracks expectations for the Fed, edged up to 4.15% from ...
Treasury yields also climbed in the bond market after a discouraging report on Friday morning suggested sentiment is unexpectedly souring among U.S. consumers. The preliminary report from the University of Michigan said U.S. consumers are expecting inflation in the year ahead to hit 4.3%, the highest such forecast since 2023.
Here's what else happened today: Disney said it will appoint Bob Iger's successor as CEO by early 2026. Goldman Sachs said investors should prepare for a decade of muted returns in the stock market.
The S&P 500 rose 0.4% following healthy gains for stock markets across much of Europe and Asia. The Dow Jones Industrial Average dipped 125 points, or 0.3%, and the Nasdaq composite gained 0.5%.
The stock price of the company, which helps businesses manage their customers, jumped 11%. Marvell Technology leaped even more after delivering better results than expected, up 23.2%.