Stock market today: Indexes slide as tech sell-off ends 7-day winning streak
Dell shares dropped 12%, while mega-cap giants Nvidia, Meta, and Microsoft all ended lower. The stock market will be closed Thursday for Thanksgiving.
Dell shares dropped 12%, while mega-cap giants Nvidia, Meta, and Microsoft all ended lower. The stock market will be closed Thursday for Thanksgiving.
The bank threw in the towel on its bearish call, pointing to a strong economy and the AI boom in its prediction for stocks to rise next year.
(Bloomberg) -- A startup stock exchange aiming to handle trades around the clock won a US watchdog’s approval to operate a venue 23 hours daily, five days a week.Most Read from BloombergIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesIn Italy’s Motor City, Car-Free Options Are GrowingNew York City’s ‘Living Breakwaters’ Brace for Stormier Seas24X National Exchange, which counts Steve Cohen’s Point72 Ventures fund as a backer, secured permission to start offering sessions that span t
Traders are eyeing potentially hotter inflation, and dialing back their bets for Fed rate cuts into next year.
(Bloomberg) -- Emerging-market currencies closed little changed after being whipsawed in a session marked by low trading volume before the US holiday and a steep selloff for Brazilian assets. Most Read from BloombergIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesIn Italy’s Motor City, Car-Free Options Are GrowingNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasIn Kansas City, a First-Ever Stadium Designed for Women’s Sports Takes the FieldLosses for Brazil’s real mixed w
Investors were grappling with fresh U.S. inflation data and its implications for Federal Reserve policy along with continued fallout from Donald Trump's tariff pledges as trading in the U.S. was thinning out ahead of the Thanksgiving holiday. Asian markets were waking up to a tepid day for U.S. equities, with technology shares leading major indexes lower. Data showed the personal consumption expenditures (PCE) price index -- an inflation gauge followed by the Fed -- rose 2.3% in the 12 months through October, a slight uptick from the prior month.
(Reuters) -Canada's stock market rose to a record high on Wednesday, led by gains for the utilities and consumer-related sectors, as long-term borrowing costs fell and investors grew less anxious about the prospect of sweeping U.S. tariffs on imports from Canada. The Toronto Stock Exchange's S&P/TSX composite index ended up 83.16 points, or 0.3%, at 25,488.30, eclipsing the record closing high it posted on Friday. Investors have "had a day to think about the tariff situation and maybe it's not as bad as they originally thought," said Michael Sprung, president of Sprung Investment Management.
Investing aggressively is now paying dividends for two Fortune 500 titans.
The Smithfield and Billingsgate markets have a long history in the city of London, and date back nearly 900 years. They will permanently close in the coming years.
