Market Check
By Caroline Valetkevitch
NEW YORK (Reuters) -The S&P 500 edged lower on Friday, ending a four-day run of record closing highs, but gains in Adobe and other technology shares limited the decline.
The S&P 500 technology sector rose, with Adobe shares jumping after the company raised its annual revenue forecast on more demand for its artificial intelligence-powered software.
Investors were also digesting economic data to gauge how... (continue reading...)
By Caroline Valetkevitch
NEW YORK (Reuters) - The S&P 500 and Nasdaq registered record closing highs for a fourth session in a row on Thursday as technology shares extended their recent rally.
The number of Americans filing new claims for unemployment benefits increased last week and another report showed producer prices unexpectedly fell in May, helping to keep alive hopes that an interest rate cut by the Federal Reserve may be on the... (continue reading...)
By Caroline Valetkevitch
NEW YORK (Reuters) - The S&P 500 and Nasdaq eked out record closing highs on Monday, although investors were cautious ahead of this week's consumer prices report and a Federal Reserve policy announcement.
Providing some support to the Nasdaq and S&P 500, Nvidia shares ended up 0.7%, the session after a 10-for-one stock split. Some investors now believe the chip maker might be included in the blue-chip Dow.
... (continue reading...)By Chibuike Oguh
NEW YORK (Reuters) -Wall Street stocks ended slightly lower on Friday in choppy trading after stronger-than-expected U.S. jobs data pointed to a robust economy but prompted worries the Federal Reserve may wait longer to cut interest rates than many investors had hoped.
The U.S. economy generated about 272,000 jobs in May, far more than the 185,000 analysts had forecast, according to a Labor Department report. The... (continue reading...)
By Chibuike Oguh
NEW YORK (Reuters) -The S&P 500 and Nasdaq indexes hit record closing highs on Wednesday, powered mainly by technology stocks as markets digested economic data that could support a much-expected start to the Federal Reserve's policy easing cycle.
Technology stocks led advances among the 11 S&P 500 sectors, followed by equities in communications and industrials sectors. Consumer staples stocks were the biggest losers.
... (continue reading...)More Market Check
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