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Earnings and the Federal Reserve Are Next Big Catalysts as Stocks Enter Week Ahead on an Upswing
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Earnings and the Federal Reserve Are Next Big Catalysts as Stocks Enter Week Ahead on an Upswing
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Dow Moves Up 44, Nasdaq Slips 33
Stocks ended Wednesday mixed. The S&P 500 eked out a 0.1% gain after recovering from an early stumble and then losing much of its momentum by late afternoon. The benchmark index recovered some of its losses from a day earlier, but finished just short of its all-time high set on Monday.
By Damian J. Troise & Alex Veiga | July 14, 2021 | 5:21 p.m. ET.
Wall Street capped a wobbly day of trading with mixed results Wednesday, as a rally in technology stocks was kept in check by a slide in banks and energy companies.
The S&P 500 eked out a 0.1% gain after recovering from an early stumble and then losing much of its momentum by late afternoon. The benchmark index recovered some of its losses from a day earlier, but finished just short of its all-time high set on Monday.
AP
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Wall Street capped a wobbly day of trading with mixed results Wednesday, as a rally in technology stocks was kept in check by a slide in banks and energy companies.
The S&P 500 eked out a 0.1% gain after recovering from an early stumble and then losing much of its momentum by late afternoon. The benchmark index recovered some of its losses from a day earlier, but finished just short of its all-time high set on Monday.
The Nasdaq composite slipped 0.2% despite gains by several big tech companies including Apple. Small company stocks continued to lag the broader market.
Asian shares trading mixed as China reports growth slowed Trader John Porcelli works on the floor of the New York Stock Exchange, Tuesday, July 13, 2021. Stocks are opening broadly higher on Wall Street Wednesday, July 14 as several big companies reported results that were better than analysts were expecting. The S&P 500 was up 0.5%. (AP Photo/Richard Drew) | Photo: AP By YURI KAGEYAMA Created: July 14, 2021 01:09 AM
TOKYO (AP) - Asian shares were mixed Thursday, taking their cue from a wobbly day of trading on Wall Street. China reported its economy expanded at a 7.9% annual rate in the last quarter, down from 18.3% in January-March. But that reflected a leveling off of its relatively early recovery from the pandemic.
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