NEW YORK (AP) — A widespread rally swept Wall Street Friday, lifting far-reaching corners, to close a tumultuous week where stocks that had been left behind for much of this year’s record-setting run wrested the spotlight back from the market’s biggest stars.The S&P 500 jumped 1.1% for its best day in seven weeks after 3M and several other big companies delivered better profits for the spring than analysts expected. The Dow Jones Industrial Average soared 654 points, or 1.6%, while the Nasdaq composite climbed 1%.The market’s widespread gains included rallies...
NEW YORK (AP) — U.S. stocks are slipping Friday, as businesses around the world scramble to contain the effects of a disruptive technology outage.The S&P 500 was 0.6% lower in afternoon trading, a day after a widespread wipeout dragged down much of the market, and it’s on track to close its worst week in months. The Dow Jones Industrial Average was down 384 points, or 1%, as of 1:57 p.m. Eastern time, and the Nasdaq composite was 0.8% lower.The moves came as a major outage disrupted flights, banks and even...
NEW YORK (AP) — Wall Street is holding a bit steadier Thursday following the worst day for big technology stocks since 2022. The S&P 500 was virtually unchanged in midday trading, and the Nasdaq composite was edging down by 0.2% a day after tumbling 3.7%. The Dow Jones Industrial Average was also roughly flat, as of 11:05 a.m. Eastern time.Much of the prior day’s pain centered on stocks of chip companies, hurt by possible trade tensions with China and other worries. But they stabilized somewhat as industry giant Taiwan Semiconductor...
Asian stocks were mostly lower Wednesday even as investors wagered that the Federal Reserve will come ahead with a cut to interest rates, while Australia’s benchmark hit a new record. U.S. futures were mixed and oil prices were little changed.In Tokyo, the Nikkei 225 index gave up early gains to shed 0.4% to 41,095.23. Reports said the Finance Ministry might have intervened in the currency market last week, buying nearly 6 trillion yen ($37 billion) to support the yen.The U.S. dollar rose to 158.42 Japanese yen from 158.34 yen on...