How major US stock indexes fared Tuesday 8/09/2022
Stocks closed lower on Wall Street as disappointing earnings reports weighed on technology and travel companies
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Stocks closed lower on Wall Street as disappointing earnings reports weighed on technology and travel companies
Stocks fell on Wall Street as disappointing earnings reports weighed on technology and travel companies and investors await the latest updates on inflation. The S&P 500 fell 0.4%, while the Dow Jones Industrial Average and the Nasdaq also slipped Tuesday morning. Chipmaker Micron Technology fell after warning investors that revenue could fall short of forecasts because of weakening demand. Norwegian Cruise Line plunged after reporting disappointing financial results and giving investors a weak revenue forecast. Investors are awaiting two reports on prices due later this week, which could s...
Stocks fell on Wall Street as disappointing earnings reports weighed on technology and travel companies and investors await the latest updates on inflation
___ US inflation will likely stay high even as gas prices fall WASHINGTON (AP) — Americans may finally be catching a break from relentlessly surging prices — if just a slight one — even as inflation is expected to remain painfully high for months.
The selling likely reflects profit-taking by investors ahead of Wednesday's consumer price index report.