Wall Street stumbled to its longest losing streak in more than a month as U.S. stocks gave back more of this year's big gains. The S&P 500 fell 0.5% Thursday for its third straight drop. The Dow Jones Industrial Average slipped 0.4%, and the Nasdaq composite sank 0.5%. All three indexes are still near their records set at the start of the week. Stocks felt pressure from reports showing the U.S. economy may be stronger than economists thought. That could make the Federal Reserve less likely to cut interest rates several times in the coming months.
U.S. stock indexes drifted lower as a seemingly relentless rally on Wall Street takes at least a pause. The S&P 500 slipped 0.3% Wednesday for a second straight, modest loss. The Dow Jones Industrial Average dropped 171 points, and the Nasdaq composite fell 0.4%. All three are still near their all-time highs, which were set on Monday. Micron Technology fell to give back some of its huge gain for the year even though it reported a better profit than expected. Homebuilders rose following a strong report on sales of new homes. Treasury yields ticked higher in the bond market.
U.S. stock slipped as Wall Street took a pause from its relentless rally. The S&P 500 fell 0.6% Tuesday. The Dow Jones Industrial Average dipped 0.2%, and the Nasdaq composite sank 0.9%. It’s the first pullback for the indexes after the trio set all-time highs in each of the last three days. Since surging from a bottom in April, the broad U.S. stock market has faced criticism that it’s shot too high, too fast and become too expensive. Even the head of the Federal Reserve said on Tuesday that stock prices broadly look fairly highly valued. Nvidia was the heaviest weight on the market.
The seemingly relentless rally on Wall Street drove U.S. stocks to more records. The S&P 500 rose 0.4% Monday after erasing a modest loss from the morning. The Dow Jones Industrial Average added 0.1%, and the Nasdaq composite gained 0.7%. All three indexes set an all-time high for the third straight day. Nvidia was one of the strongest forces lifting the market after announcing a partnership with OpenAI. Oracle climbed on expectations that it will receive a copy of TikTok's algorithm as part of a deal to keep it operating in the United States. Stocks have broadly been surging since April.
Wall Street tacked on some more gains as it glided to the finish of its latest record-setting week. The S&P 500 rose 0.5% Friday. The Dow Jones Industrial Average added 0.4%, and the Nasdaq composite climbed 0.7%. All three indexes hit an all-time high for the second straight day. FedEx climbed after delivering a stronger profit for the latest quarter than analysts expected. The price of gold continued its sharp rally amid expectations for lower interest rates and worries about higher inflation. Japanese stocks fell after the Bank of Japan said it would reduce its trove of stock funds.
Wall Street rolled to more records, led by a rally for technology stocks. The S&P 500 rose 0.5% Thursday. The Dow Jones Industrial Average added 0.3%, and the Nasdaq composite climbed 0.9%. All three set all-time highs. So did the Russell 2000 index of smaller stocks, which topped its prior high set in 2021. Nvidia was the strongest force pushing the market upward after announcing a partnership with Intel to develop products for data centers and personal computers. Intel soared to its best day since 1987. Treasury yields climbed in the bond market following encouraging reports on the economy.
U.S. stocks churned between gains and losses, but they ultimately remained near their record levels. The S&P 500 fell 0.1% Wednesday and hung near its record set at the start of the week. The Dow Jones Industrial Average rose 260 points, or 0.6%, while the Nasdaq composite fell 0.3%. Stocks initially rose and bond yields fell after officials at the Federal Reserve indicated they may cut interest rates several more times by the end of 2026. But they snapped back after Fed Chair Jerome Powell warned not to take the projections as gospel.
U.S. stocks edged back from their record heights. The S&P 500 fell 0.1% Tuesday from its latest all-time high. The Dow Jones Industrial Average dropped 125 points, and the Nasdaq composite slipped 0.1%. Stocks have run to records on expectations that the Federal Reserve will announce on Wednesday its first cut to interest rates of the year. The job market could use such a boost after slowing sharply. Treasury yields eased a bit after a report showing stronger sales at U.S. retailers did little to change expectations for the Fed to cut interest rates several times through this year and into 2026.
Wall Street rose to more records. The S&P 500 climbed 0.5% Monday and topped its prior all-time high set last week. The Dow Jones Industrial Average added 0.1%, and the Nasdaq composite added 0.9% to its own record. Tesla helped lead the way after Elon Musk bought stock worth roughly $1 billion, potentially signaling his faith in the electric vehicle company. The week’s main event will arrive Wednesday, when traders expect the Federal Reserve to announce its first cut to interest rates of the year. Perhaps more important will be whether it hints more cuts are coming, as Wall Street also expects.
President Donald Trump wants to do away with the quarterly earnings report. In a post on Truth Social, Trump said securities regulators should stop requiring companies to issue financial reports every three months and instead switch to a six-month reporting period. The SEC has required publicly traded companies to report on a quarterly basis since 1970. Trump asked the Securities and Exchange Commission to examine the three- versus six-month reporting requirement during his first term. No change was made. Last week, the Long Term Stock Exchange said it planned to petition the SEC to do away with the quarterly requirement.