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U.S. stocks approach records after mixed reports on economic growth, consumer confidence

NEW YORK (AP) — Stocks are edging closer to records Tuesday following updates that showed the economy grew sharply during the third quarter, but inflation remains high and consumers are losing confidence. The S&P 500 rose 0.4% and is hovering just above the all-time high it set earlier this month. The Dow Jones Industrial Average rose 91 points, or 0.2%, as of 3:08 p.m. Eastern. The Nasdaq composite rose 0.5%. A majority of stocks with the S&P 500 were losing ground, but several big technology stocks pushed the market higher. Nvidia rose 2.7% and Google’s parent company, ...

U.S. stocks rise at the start of a holiday-shortened week

NEW YORK (AP) — Stocks rose on Wall Street Monday to open what’s expected to be a relatively calm holiday week. The gains were broad. Technology companies and banks did much of the heavy lifting. Industrial companies also gave a strong push to major indexes. The S&P 500 rose 43.99 points, or 0.6%, to 6,878.49. The Dow Jones Industrial Average rose 227.79 points, or 0.5%, to 48,362.68. The Nasdaq composite rose 121.21 points, or 0.5%, to 23,428.83. Smaller company stocks did particularly well. The Russell 2000 index outpaced other major indexes with a 1.2% gain. The gains also ...

Wall Street rises after an encouraging inflation update, as Micron helps AI stocks stop their slide

NEW YORK (AP) — U.S. stocks rose on Thursday following an encouraging report on inflation that could help the Federal Reserve keep cutting interest rates next year. A strong profit report from Micron Technology also helped AI stocks halt their sharp slides, at least for now. The S&P 500 climbed 0.8% and broke a four-day losing streak. The Dow Jones Industrial Average added 65 points, or 0.1%, and the strength for tech stocks sent the Nasdaq composite up a market-leading 1.4%. Some relief came from a report showing that inflation was less bad last month than economists expected. ...

More drops for AI stocks drag Wall Street to its worst day in nearly a month

NEW YORK (AP) — More drops for AI stocks dragged the U.S. market lower Wednesday, and Wall Street sank to its fourth straight loss. The S&P 500 fell 1.2% for its worst day in nearly a month, though it’s still not far from its all-time high set last week. The Dow Jones Industrial Average dipped 228 points, or 0.5%, and the Nasdaq composite dropped 1.8%. Slightly more stocks rose within the S&P 500 than fell, but they got drowned out by the drops for companies in the artificial-intelligence industry. Questions continue to dog the former superstars about whether their yearslong ...

Wall Street slips as oil prices drop

NEW YORK (AP) — The U.S. stock market drifted through a mixed day of trading Tuesday after reports on the economy did little to clear uncertainty about where interest rates may be heading. The S&P 500 slipped 0.2% and remains a bit below its all-time high set last week. The Dow Jones Industrial Average dipped 302 points, or 0.6%, and the Nasdaq composite rose 0.2%. Treasury yields eased in the bond market after one report said the U.S. unemployment rate was at its worst level since 2021, but employers also added more jobs last month than economists expected. A separate report, ...

U.S. stocks drift ahead of Tuesday’s jobs report

NEW YORK (AP) — Wall Street drifted through a quiet day of trading on Monday, ahead of economic reports this week that could drive where interest rates go. The S&P 500 slipped 0.2%, though the majority of stocks within the index rose. The Dow Jones Industrial Average dipped 41 points, or ...