Stock Market Overview
Thu, May 25th, 2023
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Stocks Close Moderately Lower as a Debt-Ceiling Deal Remains Elusive
Barchart - Wed May 24, 3:47PM CDT
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.Â
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."Â However, he added that "the choice to hike or skip at... Read more
Stocks Climb Before the Open as Investors Await Key U.S. GDP Data, Nvidia Results Boost Sentiment
Barchart - 22 minutes ago
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...
Stock market today: World shares decline on worries over US debt; Germany slips into recession
AP - 40 minutes ago
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
Germany economy shrinks in first quarter, signaling one definition of recession
AP - 53 minutes ago
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
IEA: Shift to clean energy accelerating, but coal investments too high to meet climate goals
AP - 1 hour ago
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...
Companies are finding it's not so simple to leave Russia. Others are quietly staying put
AP - Thu May 25, 2:12AM CDT
When Russia invaded Ukraine, companies were quick to respond, some announcing they would get out of Russia immediately
Stock market today: Asian shares extend losses, while Japan's Nikkei pushes higher
AP - Wed May 24, 11:01PM CDT
Shares are mostly lower in after worries about the U.S. economy pulled Wall Street lower
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