Stock market today: Stocks slip as US economy starts to show cracks
==========
US stocks opened lower on Tuesday as investors weighed signs the surprising resilience in the US economy might be starting to show cracks. The S&P 500 fell 0.3% while the tech-heavy Nasdaq Composite dropped 0.2% after both indexes closed higher in the prior session during a bumpy session for the three major gauges. The Dow Jones Industrial Average dropped about 0.4%. Stocks have struggled to find a footing as investors face a dilemma over the path of interest rates. Recent data has prompted Wall Street strategists to scale back their optimism for economic growth, which supports a case for rate cuts. But Federal Reserve officials have warned against hoping for a pivot anytime soon as they wait for inflation to cool sufficiently — and when that time comes isn't clear. Eyes will be on April job openings figures due later Tuesday for more clues to how the economy is holding up, with factory and durable goods orders also on the docket. The GameStop rally lost steam on Tuesday, on the heels of a 21% surge for the meme darling. Shares of the video game retailer were down about 4%. India's stock benchmark plummeted, wiping out almost $35 billion in value, after touching all-time highs on Monday. The vote count in the country's national elections put the majority held by Prime Minister Narenda Modi's ruling party in doubt, despite exit polls showing a likely landslide win.
#UsStocks #S&p500 #NasdaqComposite #DowJonesIndustrialAverage #InterestRates #EconomicGrowth #RateCuts #Inflation #AprilJobOpenings #Gamestop #India'sStockBenchmark #NationalElections
https://finance.yahoo.com/news/live/stock-market-today-stocks-slip-as-us-economy-starts-to-show-cracks-133125000.html
Yahoo Finance /
npub1j0e…3yhd
2024-06-04 16:09:03
Author Public Key
npub1j0e6zhr82q4par2f4ecr67zvj0ltv8qgqr8v3llw2ed6qvdrm4fs9s3yhdPublished at
2024-06-04 16:09:03Event JSON
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"content": "Stock market today: Stocks slip as US economy starts to show cracks\n==========\n\nUS stocks opened lower on Tuesday as investors weighed signs the surprising resilience in the US economy might be starting to show cracks. The S\u0026P 500 fell 0.3% while the tech-heavy Nasdaq Composite dropped 0.2% after both indexes closed higher in the prior session during a bumpy session for the three major gauges. The Dow Jones Industrial Average dropped about 0.4%. Stocks have struggled to find a footing as investors face a dilemma over the path of interest rates. Recent data has prompted Wall Street strategists to scale back their optimism for economic growth, which supports a case for rate cuts. But Federal Reserve officials have warned against hoping for a pivot anytime soon as they wait for inflation to cool sufficiently — and when that time comes isn't clear. Eyes will be on April job openings figures due later Tuesday for more clues to how the economy is holding up, with factory and durable goods orders also on the docket. The GameStop rally lost steam on Tuesday, on the heels of a 21% surge for the meme darling. Shares of the video game retailer were down about 4%. India's stock benchmark plummeted, wiping out almost $35 billion in value, after touching all-time highs on Monday. The vote count in the country's national elections put the majority held by Prime Minister Narenda Modi's ruling party in doubt, despite exit polls showing a likely landslide win.\n\n#UsStocks #S\u0026p500 #NasdaqComposite #DowJonesIndustrialAverage #InterestRates #EconomicGrowth #RateCuts #Inflation #AprilJobOpenings #Gamestop #India'sStockBenchmark #NationalElections\n\nhttps://finance.yahoo.com/news/live/stock-market-today-stocks-slip-as-us-economy-starts-to-show-cracks-133125000.html",
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