Provided by Dow Jones
By Caitlin Ostroff Technology shares pulled major U.S. stock indexes higher Wednesday as concern about the potential for a rise in interest rates eased. The S&P 500 rose 0.4%, while the tech-heavy Nasdaq Composite advanced 0.6% after a sharp decline Tuesday. The Dow Jones Industrial Average added 0.1%, or about 40 points. Stocks resumed their upward trajectory after Treasury Secretary Janet Yellen walked back comments that interest rates might need to rise to keep the economy from overheating. She clarified after markets closed Tuesday that she was neither predicting nor recommending that the Federal Reserve raise rates. Inflation isn t likely to be a problem, and the Fed can handle it if it does become an issue, she said at The Wall Street Journal s CEO Council Summit.
Provided by Dow Jones
By Caitlin Ostroff and Akane Otani U.S. stocks edged lower Friday but remained on track for monthly gains after a streak of strong earnings. The Dow Jones Industrial Average fell 161 points, or 0.5%, to 33899. The S&P 500 lost 0.5%, though it was still headed toward its biggest monthly gain since November. The Nasdaq Composite declined 0.5%. Investors have spent much of the month grappling with two competing dynamics: signs of a strong economic rebound, particularly in the U.S., and worsening Covid-19 cases elsewhere in the world that threaten to hamper the global recovery. Robust corporate earnings have helped major indexes hit records throughout the month. Data have also been encouraging, with figures released Friday showing U.S. household income surged by a record 21% in March.
Provided by Dow Jones
By Caitlin Ostroff and Akane Otani U.S. stocks edged lower Friday, but remained on track for monthly gains after a streak of strong earnings. The Dow Jones Industrial Average fell 184 points, or 0.5%, to 33876 shortly after the opening bell. The S&P 500 lost 0.6%, though it stayed on track to notch its biggest monthly gain since November. The Nasdaq Composite declined 0.7%. Investors have spent much of the month grappling with two competing dynamics: signs of a strong economic rebound, particularly in the U.S., and worsening Covid-19 cases elsewhere in the world that threaten to hamper the global recovery. Robust corporate earnings have helped major indexes hit records throughout the month. Data have also been encouraging, with figures released Friday showing U.S. household income surged by a record 21% in March.
Provided by Dow Jones
By Caitlin Ostroff U.S. stocks edged lower Friday as investors assessed fresh waves of Covid-19 infections globally that could hamper global supply chains and drive up inflation. The S&P 500 ticked down 0.6%, a day after it closed at a record. The broad market index remains on track for its best month since November. The Nasdaq Composite Index also declined 0.6%, while the Dow Jones Industrial Average retreated 0.5%. Rising Covid-19 cases in Brazil and India and signs of weakening in China s manufacturing sector are sapping some of the optimism that took the major indexes up to all-time highs earlier in the week. New variants are threatening to hobble global travel, convulse supply chains further and slow the recovery, investors say.
Provided by Dow Jones
By Caitlin Ostroff and Akane Otani U.S. stocks edged lower Friday but remained on track for monthly gains after a streak of strong earnings. The Dow Jones Industrial Average fell 254 points, or 0.8%, to 33805. The S&P 500 lost 0.7%, though it stayed on track to notch its biggest monthly gain since November. The Nasdaq Composite declined 0.5%. Investors have spent much of the month grappling with two competing dynamics: signs of a strong economic rebound, particularly in the U.S., and worsening Covid-19 cases elsewhere in the world that threaten to hamper the global recovery. Robust corporate earnings have helped major indexes hit records throughout the month. Data have also been encouraging, with figures released Friday showing U.S. household income surged by a record 21% in March.