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Wall Street stumbled before the bell following a rally the previous day, driven by heavy buying of tech shares as investors bet the Federal Reserve will trim its rate hikes
Wall Street stumbled before the bell on Tuesday following a rally the previous day, driven by heavy buying of tech shares as investors bet the Federal Reserve will trim its rate hikes as it makes headway in tamping down inflation.
Stocks drifted between gains and losses on Wall Street as more big U.S. companies delivered their earnings reports for the last three months of 2022. Some of them came up short of what investors were expecting, leading to drops in their stock prices. Post-it maker 3M sank after its earnings missed forecasts, and railroad operator Union Pacific slipped after its results also disappointed investors. Microsoft releases its own results after the closing bell Tuesday. The S&P 500 was down 0.1%. The Nasdaq composite fell and the Dow Jones Industrial Average was mostly unchanged. Treasury yields ...
Wall Street stumbled before the bell following a rally the previous day, driven by heavy buying of tech shares as investors bet the Federal Reserve will trim its rate hikes as it makes headway in tamping down inflation
Stocks are opening lower on Wall Street as more big U.S. companies delivered their earnings reports for the last three months of 2022