Wall Street closes lower to end rocky week
Wall Street’s main indexes closed lower today even as technology shares steadied somewhat to end a turbulent week for the market-driving AI trade, and investors looked ahead to a busy slate of corporate earnings and a Federal Reserve interest-rate policy meeting. Wall Street's main indexes closed lower today, ending a turbulent week for the market-driving AI trade. The Nasdaq Composite posted a slim loss after its biggest one-day drop since June due to concerns over financing costs for heavy AI investment spending. The S&P 500 technology sector saw a 0.35% gain, but most S&Ps 500 sectors saw declines, including consumer staples and consumer discretionary groups. The Dow Jones Industrial Average fell 652.82 points, or 1.23%, to 52,215.16; the S&T 500 lost 39.75 points, 0.52%, to 7,623.68 and the Nasdaq composite lost 53.52 points to 25,955.34. The market is now focusing on corporate earnings and a Federal Reserve interest-rate policy meeting.
Pubblicato : 4 giorni fa di Reuters in Finance Tech
A Wall Street sign is seen in Lower Manhattan in New York, in January 2016. Wall Street’s main indexes closed lower today even as technology shares steadied somewhat to end a turbulent week for the ma... [3913 symbols]
Temi: Markets
