Materialsselect Sector News Today

U.S. major stock indices climbed higher on Thursday morning, with the Dow Jones Industrial Average achieving a historic milestone by surpassing 40,000 points.

U.S. stock markets surged during Thursday’s midday trading session in New York, with major averages all showing gains.

U.S. stock markets surged during Thursday’s midday trading session in New York, with major averages all showing gains. Trader sentiment rebounded thanks to positive signals from corporate earnings and relief after Fed Chair Jerome Powell dismissed the possibility of a rate hike during Wednesday’s press conference. The S&P 500 inched 0.3% up at 12:30 p.m. ET, while the tech-heavy Nasdaq 100 slightly outperformed, up 0.6%. Semiconductors stood out as a bright spot, buoyed by rob...

Stocks surged across the board on Tuesday, gaining momentum after Monday’s rebound as unexpectedly weak economic data bolstered hopes for a potential Federal Reserve rate cut by the end of the summer. What Happened: The S&P Global’s Purchasing Managers’ Index (PMI) for April indicated a significant deceleration in private sector growth—the slowest in four months—also highlighting reduced inflationary pressures from wages and services. Market-implied probab...

Stocks surged as weak economic data raised hopes for Fed rate cut. S&P 500 up 1.2%, Nasdaq 100 up 1.5%, Dow Jones up 0.6%. Spotify shares jump 17% on earnings.

U.S. stocks are poised to break a six-day losing streak, marking the end of the longest downward trend since September 2022.

U.S. stocks are poised to break a six-day losing streak, marking the end of the longest downward trend since September 2022. At noon trading in New York on Monday, major indices all traded higher, indicating modest gains, as investors prepare for a week jam-packed with pivotal earnings reports from major corporations, including Visa Inc. (NYSE:V), Tesla Inc. (NASDAQ:TSLA), Meta Platforms Inc. (NASDAQ:META), Microsoft Corp. (NYSE:MSFT), and Alphabet Inc. (NASDAQ:GOOGL)(NASDAQ:GOOG). Easing geopol

Wall Street kicked off the new week with a slight dip, failing to stage a recovery following Friday’s closing losses, as investors exercised...

Wall Street opens week with slight dip as investors exercise caution ahead of February's inflation report. Gold pauses, Bitcoin hits $72,000.

Midway through the trading day on Wall Street, calm reigns supreme as investors eagerly await the Federal Reserve’s decision on interest rates.