U.S. stocks clawed back from steep losses to close mixed on Wednesday after lackluster forecasts from Microsoft (MSFT) and other companies reporting earnings weighed on the market for much of the session. The S&P 500 (^GSPC) was just below flat, while the Dow Jones Industrial Average (^DJI) turned positive, capping the day just above breakeven. The technology-heavy Nasdaq Composite (^IXIC) was off by 0.2%. Investors continued to barrel through a mild earnings season, with reports from names… Source link
Read More »Stocks slip to start August lower amid earnings, data deluge
U.S. stocks fell Monday in a choppy start to August trading as Wall Street struggled to sustain July’s momentum. The S&P 500 and Dow Jones Industrial Average each fell roughly 0.3%, while the Nasdaq Composite held near breakeven. Investors mulled a flurry of data early in the session that showed manufacturing activity expanded at the slowest pace in more than two years. The Institute for Supply Management’s gauge of factory activity retreated to 52.8 from 53 a month earlier, marking the… Source link
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