Stock market today: Wall Street drifts near its record highs
NEW YORK — U.S. stock indexes are drifting around their records as hopes hold that the economy can pull off the rare feat of getting painfully high inflation under control without a recession. The S&P 500 was up 0.2% in early trading Friday, a day after setting an all-time high for the 42nd time this year. The Dow Jones Industrial Average was up 122 points, or 0.3%, and the Nasdaq composite rose 0.2%.
Friday’s consumer spending report, which also contains the Federal Reserve’s preferred measure of inflation, may not have the impact on markets that it used to after the U.S. central bank issued its first interest rate cut in four years last week. In other dealings early Friday, benchmark U.S. crude oil picked up 30 cents to $67.97 per barrel. Brent crude, the international standard, added 22 cents to $71.31 per barrel.
The change at the helm was not expected to result in any major policy shift given that the ruling Liberal Democrats have held power for most of the past eight decades since World War II.China’s central bank cut its reserve requirement for banks as of Friday as part of measures announced this week to help the property industry and support financial markets.
Trading returned to normal by noon, and the Shanghai Stock Exchange later said in a statement that it was still investigating the cause.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
Similar News:آپ اس سے ملتی جلتی خبریں بھی پڑھ سکتے ہیں جو ہم نے دوسرے خبروں کے ذرائع سے جمع کی ہیں۔
Dow rises toward record level as most of Wall Street drifts in mixed tradingDow rises toward record level as most of Wall Street drifts in mixed trading
مزید پڑھ »
Stock market today: Wall Street joins a global market rally after the Fed's big rate cutStock market today: Wall Street joins a global market rally after the Fed’s big rate cut
مزید پڑھ »
Nvidia stock slips even after earnings top Wall Street estimates and demand for AI chips surgeHuang said the company will “have a great next year as well
مزید پڑھ »
Wall Street quiet as markets await Nvidia's latest earnings reportWall Street quiet as markets await Nvidia’s latest earnings report
مزید پڑھ »
Wall Street rises as inflation report confirms price increases are coolingWall Street rises as inflation report confirms price increases are cooling
مزید پڑھ »
Wall Street slips at the start of a week full of economic updatesWall Street slips at the start of a week full of economic updates
مزید پڑھ »