The Nasdaq and S&P 500 rebounded, recovering some losses as investors anticipate quarterly earnings from AI leader Nvidia, and Tesla jumped on the prospect of favorable policy changes from the incoming Trump administration.
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Wall Street dips as focus moves to economic data
Wall Street’s main indexes fell as investors booked profits following post-election gains over the past few days, while focus moved to key inflation data later in the week. Some of the stocks expected to perform well under Donald Trump’s presidency gave back gains.
Wall Street hovers at record highs; Trump-linked stocks extend gains
Wall Street’s indexes were near record highs, ahead of an upcoming batch of economic data that could influence the Federal Reserve’s pace of interest rate cuts. Several stocks added to gains they have notched since Donald Trump won the election, as traders expect them to benefit from his return to the White House.
Wall Street struggles to gain as uncertainty around U.S. election grows
U.S. stock indexes slipped in choppy trading, as investors braced for a pivotal week for global markets in which Americans will elect a new president and the Federal Reserve is likely to cut its benchmark policy rate.
Wall Street closed higher after Amazon earnings
Wall Street’s major indexes ended higher, rebounding from the previous day’s sell-off as Amazon’s strong earnings countered a significant drop in U.S. job growth in October. Amazon.com rose 6.2% after it reported earnings that revealed strong retail sales, boosting profit above Wall Street estimates.
Wall Street struggles for direction ahead of mega cap earnings
U.S. stock indexes were mixed, with the Dow gaining and the tech-heavy Nasdaq falling, as investors assessed a host of corporate earnings. Shares of Alphabet rose 4.1% after the company beat expectations for Q3 revenue and profit.