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Wall Street drifts lower as U.S. stocks slow their roll

NEW YORK (AP) — U.S. stocks drifted lower on Wednesday, cooling down a day after leaping within a few good days’ worth of gains from their all-time high. The S&P 500 fell 0.6%, but it’s still within 4.2% of its record after charging higher amid hopes that the worst of the turmoil caused by President Donald Trump’s trade war may have passed. It had been roughly 20% below the mark last month. The Dow Jones Industrial Average dipped 244 points, or 0.6%, and the Nasdaq composite slipped 0.5%. Trading was relatively quiet in the countdown to Wednesday’s main event for ...

S&P 500 rallies 2% as Wall Street’s roller-coaster ride whips back upward

NEW YORK (AP) — Wall Street’s roller-coaster ride created by President Donald Trump’s trade policies whipped back upward on Tuesday, this time because of a delay for his tariffs on the European Union. The S&P 500 leaped 2% in its first trading since Trump said Sunday that the United ...

Wall Street tumbles under the weight of rising Treasury yields and U.S. debt worries

NEW YORK (AP) — Wall Street slumped on Wednesday under the weight of pressure from the bond market, where Treasury yields climbed on worries about the U.S. government’s spiraling debt and other concerns. The S&P 500 fell 1.6% for a second straight drop after breaking a six-day winning streak. The Dow Jones Industrial Average lost 816 points, or 1.9%, while the Nasdaq composite sank 1.4%. Stocks had been drifting only modestly lower early in the day, after Target and other retailers gave mixed forecasts for upcoming profits amid uncertainty caused by President Donald Trump’s ...

U.S. stocks sink as S&P 500 falls to its first loss in 7 days

NEW YORK (AP) — U.S. stock indexes fell on Tuesday, as momentum slowed for Wall Street after it rallied from a deep hole nearly all the way back to its all-time high set earlier this year. The S&P 500 fell 0.4% for its first drop in seven days, but it’s still within 3.3% of its record. The Dow Jones Industrial Average lost 114 points, or 0.3%, and the Nasdaq composite slipped 0.4%. Treasury yields and the value of the U.S. dollar held relatively stable following a brief jolt Monday morning after Moody’s Ratings said the U.S. government no longer deserves a top-tier credit ...

Stocks, bonds and the dollar drift after the latest downgrade to the U.S. government’s credit rating

NEW YORK (AP) — After recovering from an initial jolt, U.S. stocks, bonds and the value of the U.S. dollar drifted through a quiet Monday following the latest reminder that the U.S government may be hurtling toward an unsustainable mountain of debt. The S&P 500 edged up by 0.1% after Moody’s Ratings became the last of the three major credit-rating agencies to say the U.S. federal government no longer deserves a top-tier “Aaa” rating. The Dow Jones Industrial Average added 137 points, or 0.3%, and the Nasdaq composite inched up by less than 0.`%. Moody’s pointed to how the ...