|Day's Range||32,739.73 - 32,984.83|
|52 Week Range||28,660.94 - 34,712.28|
US stocks closed lower Wednesday as investors kept a watchful eye on the prospects for the debt-limit deal in an expected House floor vote later. Meanwhile, strong US jobs data and China’s economic woes pressured global markets.
Bespoke Investment Group Co-Founder Paul Hickey and BNP Paribas U.S. Economist Yelena Shulyatyeva break down the latest comments from Cleveland Fed President Loretta Mester who told the Financial Times that she doesn't see a "compelling" reason for the Fed to pause its rate hike cycle.
Wall Street finished the month of May on a down note, with major market benchmarks giving back a portion of their recent gains. Declines for the Nasdaq Composite (NASDAQINDEX: ^IXIC) and S&P 500 (SNPINDEX: ^GSPC) were slightly worse than the daily drop in the Dow Jones Industrial Average (DJINDICES: ^DJI), but overall, the Nasdaq posted strong gains for the month even as the Dow fell significantly.
U.S. stocks closed down on Wednesday as a deal to raise the federal debt ceiling headed for a crucial vote in Congress, while unexpectedly strong labor market data rattled investors who fear the Federal Reserve might hike interest rates again in June. The House of Representatives is expected to vote in the evening on a bill to lift the $31.4 trillion debt limit, a critical step to avoid a destabilizing default that could come early next week without congressional approval. But most analysts foresee the bill's approval and U.S. President Joe Biden said on Wednesday he expected the debt ceiling bill on his desk by next Monday.
High mortgage rates will tip Britain into recession this year as homeowners coming to the end of fixed rate deals are hit by soaring costs, a leading ratings agency has warned.
U.S. stock indexes fell on Wednesday as a deal to raise the nation's debt ceiling headed for a crucial vote by lawmakers, while unexpectedly strong labor market data reinforced bets of another interest rate hike by the Federal Reserve. A bill to lift the $31.4 trillion U.S. debt ceiling and achieve new federal spending cuts made its way to the House of Representatives for debate on Tuesday and an expected vote on passage is due later in the evening.
Investing.com -- The Dow slipped Wednesday, pressured by a retail-led plunge in consumer stocks and weakness in tech just as investors eagerly await the outcome of a key vote on the debt-ceiling bill.
Global equities and U.S. Treasury yields were lower on Wednesday as bearish sentiment dominated markets, with investors focused on a much-anticipated vote in Congress on raising the U.S. debt ceiling. The U.S. House of Representatives is set to vote on Wednesday on a bipartisan deal that would lift the $31.4 trillion ceiling and allow the government to avert a default. It is unclear how many House Democrats will back it.
U.S. stock indexes fell on Wednesday as a deal to raise the nation's debt ceiling headed for a pivotal vote by lawmakers, while unexpectedly strong labor market data reinforced bets of another interest rate hike by the Federal Reserve. A bill to lift the $31.4 trillion U.S. debt ceiling and achieve new federal spending cuts made its way to the House of Representatives for debate on Tuesday and an expected vote on passage is due later on Wednesday.
The Dow Jones Industrial Average (^DJI) may only contain 30 stocks, but it's still one of the most watched U.S. stock indices. The Dow is full of mature, profitable companies, which means it's a nice place to look for good deals when the stock market comes under pressure. Two Dow stocks that look like bargains right now are 3M (NYSE: MMM) and International Business Machines (NYSE: IBM).
Invesco QQQ Trust, Invesco NASDAQ 100 ETF, Invesco NASDAQ Next Gen 100 ETF, Fidelity Nasdaq Composite Index ETF and Simplify Nasdaq 100 PLUS Convexity ETF are included in this Analyst Blog.
Investors are anticipating the outcome of US debt vote and digesting the latest economic data from China.
U.S. stocks are seen opening with small losses Wednesday, with investors continuing to focus on the passage of the deal to lift the debt ceiling through Congress as the month comes to an end. At 06:55 ET (10:55 GMT), the Dow futures contract was down 65 points, or 0.2%, S&P 500 futures traded 8 points, or 0.2% lower, and Nasdaq 100 futures dropped 25 points, or 0.2%. This clears the way for it to be brought before the lower chamber of Congress as soon as later Wednesday, hopefully allowing the Senate to sign it into law before the federal government runs out of funds in early June.
Investing.com -- The stage is set for a dramatic vote on the debt ceiling bill in the House of Representatives as the June 5 default deadline ticks ever closer. Meanwhile, disappointing economic data casts doubt over the strength of China's post-COVID recovery and Goldman Sachs reportedly plans fresh job cuts.
The stock market closed mixed on Tuesday, as a potential resolution to the debt ceiling didn't spark much of an additional rally after last week's strong performance. The Nasdaq Composite (NASDAQINDEX: ^IXIC) posted modest gains, while the Dow Jones Industrial Average (DJINDICES: ^DJI) again lagged behind, leaving the S&P 500 (SNPINDEX: ^GSPC) all but unchanged on the day. Both Equitrans Midstream (NYSE: ETRN) and ChargePoint Holdings (NYSE: CHPT) were big winners on Tuesday, and below, you'll find out why.
Investors awaited a House vote on the debt ceiling deal, scheduled for Wednesday.
Craig Lazzara, S&P Dow Jones Indices Managing Director for Index Investment Strategy, joins Yahoo Finance Live to discuss the rise in U.S. home prices, migration throughout the U.S., and challenges in the housing market.
Yahoo Finance senior columnist Rick Newman breaks down the outlook on the tentative deal announced between President Biden and lawmakers.
Semafor Founding Editor-at-Large Steve Clemons joins Yahoo Finance Live to discuss details regarding the tentative debt ceiling deal, Speaker Kevin McCarthy's future, and the debt limit bill deadline.
US stocks were mixed amid hopes the hard-won debt-ceiling deal will get through a divided Congress in a matter of days.
Stocks on Wall Street closed mixed on Tuesday, pressured by worries about U.S. lawmakers opposed to a deal to raise the $31.4 trillion debt ceiling, but supported by another surge in Nvdia shares that briefly lifted the chipmaker into the rare club of companies valued at $1 trillion. The S&P 500 index closed flat but remained near its highest level since August 2022, just above 4,200 points. The Dow Jones Industrial Average also was lower while the Nasdaq Composite rose.