Provided by Dow Jones
By Will Horner and Julia Carpenter U.S. stocks wobbled Tuesday, with the major indexes hovering around the flatline, while bitcoin prices edged lower again after a period of volatile trading. The S&P 500 slipped 8.92 points, or 0.2%, to 4188.13, and Dow Jones Industrial Average edged down 81.52 points, 0.2%, to 34312.46. The Nasdaq Composite dropped 4 points, or less than 0.1%, to 13657.17. All three indexes had opened modestly higher before losing steam. Stocks jumped to start the week, with recent comments from Federal Reserve officials helping to ease concerns that rising inflation could stamp out growth or prompt the central bank to suddenly tighten policy.
Provided by Dow Jones
By Will Horner and Julia Carpenter U.S. stocks edged down Tuesday with the Dow Jones Industrial Average slipping in late trading after hovering around the flatline. Bitcoin prices also fell following a period of volatile trading. The S&P 500 and Dow both lost about 0.2%, while the Nasdaq Composite fell less than 0.1%. All three indexes had opened modestly higher before losing steam. Stocks jumped to start the week, with recent comments from Federal Reserve officials helping to ease concerns that rising inflation could stamp out growth or prompt the central bank to suddenly tighten policy. The comments we have had from Fed speakers have told the market exactly what it wants to hear: that they are not concerned about the inflation data and that it hasn t changed their plan to be very cautious, said Hugh Gimber, a strategist at J.P. Morgan Asset Management.
Stock Futures Rise, Led by Tech, as Bitcoin Edges Down morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.
Provided by Dow Jones
By Will Horner and Julia Carpenter U.S. stocks wobbled Tuesday, with the major indexes hovering around the flatline, while bitcoin prices edged lower after a period of volatile trading. The S&P 500 and Dow Jones Industrial Average slipped less than 0.1%, while the Nasdaq Composite rose 0.1%. All three indexes had opened modestly higher before losing steam. Stocks jumped to start the week, with recent comments from Federal Reserve officials helping to ease concerns that rising inflation could stamp out growth or prompt the central bank to suddenly tighten policy. The comments we have had from Fed speakers have told the market exactly what it wants to hear: that they are not concerned about the inflation data and that it hasn t changed their plan to be very cautious, said Hugh Gimber, a strategist at J.P. Morgan Asset Management.