Stocks jump as the S&P 500 ends a wild week almost exactly where it started
==========
The S&P 500 rose 0.5% on Friday, bringing its weekly loss down to 0.1%. Japanese stocks fell to their worst loss since the Black Monday crash of 1987, but U.S. stocks rebounded later in the week. The Dow Jones Industrial Average rose 0.1% and the Nasdaq composite added 0.5%. Expedia Group reported stronger-than-expected profits, leading to a 10% jump in its stock. Treasury yields eased ahead of upcoming reports on the economy. The S&P 500 is now within 6% of its all-time high. Worries remain about the strength of the U.S. economy and upcoming reports on inflation and economic strength. Reports next week will provide updates on retail spending, unemployment benefits, and inflation. Increased skepticism about Wall Street's rush into artificial intelligence technology has also impacted the market. The share of Americans living in the West has fallen for the first time in 100 years. Stellantis plans to cut up to 2,450 jobs at a Detroit-area plant. Raymond James analyst reiterates Global Payments Outperform rating and $144 price target after Q2 earnings beat. Larry Summers warns against presidential influence over Fed policy. Warren Buffett's Apple stock dump will force massive buying as funds rebalance. The summer COVID surge has arrived. Tim Walz's net worth is less than the average American's. Fed president throws doubt onto September rate cut. Elon Musk's backing of Donald Trump is hurting Tesla's EV business in Europe. Florida HBCU's record $237 million donation is worthless. Prominent Georgia family faces a legal battle after trying to displace residents from their homes.
#S&p500 #Stocks #JapaneseStocks #DowJonesIndustrialAverage #Nasdaq #ExpediaGroup #TreasuryYields #UsEconomy #Inflation #RetailSpending #UnemploymentBenefits #ArtificialIntelligenceTechnology #WestCoast #Stellantis #RaymondJames #GlobalPayments #LarrySummers #WarrenBuffett #AppleStock #CovidSurge #TimWalz #FederalReserve #ElonMusk #DonaldTrump #Tesla #FloridaHbcu #Georgia
https://fortune.com/2024/08/09/stock-market-today-sp500-dow-jones-industrial-average-nasdaq-weekly-losses/
Fortune /
npub1v7…9v0r4
2024-08-09 21:01:58
Author Public Key
npub1v7hvaa8pv7g92sr6na55dtzaxmrrsgddxkhst3e8atw4nxusm37sg9v0r4Published at
2024-08-09 21:01:58Event JSON
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"content": "Stocks jump as the S\u0026P 500 ends a wild week almost exactly where it started\n==========\n\nThe S\u0026P 500 rose 0.5% on Friday, bringing its weekly loss down to 0.1%. Japanese stocks fell to their worst loss since the Black Monday crash of 1987, but U.S. stocks rebounded later in the week. The Dow Jones Industrial Average rose 0.1% and the Nasdaq composite added 0.5%. Expedia Group reported stronger-than-expected profits, leading to a 10% jump in its stock. Treasury yields eased ahead of upcoming reports on the economy. The S\u0026P 500 is now within 6% of its all-time high. Worries remain about the strength of the U.S. economy and upcoming reports on inflation and economic strength. Reports next week will provide updates on retail spending, unemployment benefits, and inflation. Increased skepticism about Wall Street's rush into artificial intelligence technology has also impacted the market. The share of Americans living in the West has fallen for the first time in 100 years. Stellantis plans to cut up to 2,450 jobs at a Detroit-area plant. Raymond James analyst reiterates Global Payments Outperform rating and $144 price target after Q2 earnings beat. Larry Summers warns against presidential influence over Fed policy. Warren Buffett's Apple stock dump will force massive buying as funds rebalance. The summer COVID surge has arrived. Tim Walz's net worth is less than the average American's. Fed president throws doubt onto September rate cut. Elon Musk's backing of Donald Trump is hurting Tesla's EV business in Europe. Florida HBCU's record $237 million donation is worthless. Prominent Georgia family faces a legal battle after trying to displace residents from their homes.\n\n#S\u0026p500 #Stocks #JapaneseStocks #DowJonesIndustrialAverage #Nasdaq #ExpediaGroup #TreasuryYields #UsEconomy #Inflation #RetailSpending #UnemploymentBenefits #ArtificialIntelligenceTechnology #WestCoast #Stellantis #RaymondJames #GlobalPayments #LarrySummers #WarrenBuffett #AppleStock #CovidSurge #TimWalz #FederalReserve #ElonMusk #DonaldTrump #Tesla #FloridaHbcu #Georgia\n\nhttps://fortune.com/2024/08/09/stock-market-today-sp500-dow-jones-industrial-average-nasdaq-weekly-losses/",
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