Wall Street coasts to the finish line of another winning week
==========
U.S. stocks closed another winning week on Wall Street. The S&P 500 index rose 0.2% to 5,222.68, finishing a third straight winning week. The Dow Jones industrial average gained 0.3% to 39,512.84, and the Nasdaq composite edged down by less than 0.1% to 16,340.87. The S&P 500 has climbed back within 0.6% of its record on revived hopes of interest rate cuts by the Federal Reserve this year. Gen Digital jumped 15.3% after reporting better profit for Q1 2024 than expected. Novavax soared 98.7% after announcing a deal with Sanofi worth more than $1.2 billion. Akamai Technologies dropped 11%. Treasury yields rose after a discouraging preliminary report on U.S. consumer sentiment. Markets may remain on hold until Wednesday's update on U.S. inflation. Federal Reserve Chair Jerome H. Powell said the central bank remains closer to cutting its main interest rate than raising it. In stock markets abroad, London's FTSE 100 rose 0.6% and Tokyo's Nikkei 225 rose 0.4%.
#WallStreet #Stocks #S&p500 #DowJones #Nasdaq #FederalReserve #InterestRates #GenDigital #Novavax #Sanofi #AkamaiTechnologies #TreasuryYields #UsConsumerSentiment #Inflation #Ftse100 #Nikkei225
https://www.latimes.com/business/story/2024-05-10/stock-market-today-wall-street-coasts-to-the-finish-line-of-another-winning-week
Los Angeles Times /
npub1ka…ct50x
2024-05-10 22:22:09
Author Public Key
npub1kat3x50s05kl9v0lqxq5qsl0znf0eu2rwyeq4xyplj80ga740k9q9ct50xPublished at
2024-05-10 22:22:09Event JSON
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"content": "Wall Street coasts to the finish line of another winning week\n==========\n\nU.S. stocks closed another winning week on Wall Street. The S\u0026P 500 index rose 0.2% to 5,222.68, finishing a third straight winning week. The Dow Jones industrial average gained 0.3% to 39,512.84, and the Nasdaq composite edged down by less than 0.1% to 16,340.87. The S\u0026P 500 has climbed back within 0.6% of its record on revived hopes of interest rate cuts by the Federal Reserve this year. Gen Digital jumped 15.3% after reporting better profit for Q1 2024 than expected. Novavax soared 98.7% after announcing a deal with Sanofi worth more than $1.2 billion. Akamai Technologies dropped 11%. Treasury yields rose after a discouraging preliminary report on U.S. consumer sentiment. Markets may remain on hold until Wednesday's update on U.S. inflation. Federal Reserve Chair Jerome H. Powell said the central bank remains closer to cutting its main interest rate than raising it. In stock markets abroad, London's FTSE 100 rose 0.6% and Tokyo's Nikkei 225 rose 0.4%.\n\n#WallStreet #Stocks #S\u0026p500 #DowJones #Nasdaq #FederalReserve #InterestRates #GenDigital #Novavax #Sanofi #AkamaiTechnologies #TreasuryYields #UsConsumerSentiment #Inflation #Ftse100 #Nikkei225\n\nhttps://www.latimes.com/business/story/2024-05-10/stock-market-today-wall-street-coasts-to-the-finish-line-of-another-winning-week",
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