Stock Market Overview
What you need to know…
The S&P 500 Index ($SPX) (SPY) Wednesday closed down -0.73%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.77%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.50%.
Stock indexes Wednesday closed moderately lower, with the S&P 500 falling to a 1-1/2 week low and the Dow Jones Industrials dropping to a 1-3/4 month low. Stocks remain under pressure as talks to lift the U.S. debt ceiling are at an impasse. Negotiations between President Biden’s team and representatives of House Speaker McCarthy showed little progress Wednesday.
U.S. stocks were also weighed down by negative carryover from a slide in the Euro Stoxx 50 to a 1-3/4 month low on inflation concerns after UK Apr consumer prices rose more than expected.
Fed Governor Waller said he "does not support stopping rate hikes unless we get clear evidence that inflation is moving down towards our 2% objective." However, he added that "the choice to hike or skip at... Read more
June S&P 500 futures (ESM23) are up +0.63%, and June Nasdaq 100 E-Mini futures (NQM23) are up +1.74% this morning after three major U.S. benchmark indices finished the regular session in the red as talks...
Shares are mostly lower in Europe and Asia as investors watch for signs of progress on a deal to avert a default on U.S. government debt
The German economy has shrunk unexpectedly in the first three months of this year, marking the second quarter of contraction that is one definition of recession
The International Energy Agency says energy security concerns and policy support from rich countries are speeding up reliance on clean energy, but investments in coal power are on course to be nearly six-times...
When Russia invaded Ukraine, companies were quick to respond, some announcing they would get out of Russia immediately