The S&P 500 ended little changed on Thursday as growing anxiety over a global ec...
NEW YORK - The S&P 500 ended little changed on Thursday as growing anxiety over a global economic slowdown offset upbeat data and investors waited for earnings season to kick into high gear.
On the economic front, initial jobless claims dropped last week to their lowest level since 1969, while in March, producer prices made their biggest gain since October, according to separate reports from the U.S. Labor Department. But Carlson wonders if those estimates are overly pessimistic. “Does think earnings are going to be better than analysts think? We’ll get a first taste of that from the banks tomorrow.”
“I’m a bit surprised we’re seeing that kind of reaction to these proposals that for the time being aren’t going anywhere,” Carlson added. “Maybe it’s foreshadowing a change.”U.S. Steel Corp dropped 3.2% after Bank of America Merrill Lynch cut its rating on the stock to “underperform.” Peers AK Steel Holding Corp and Steel Dynamics Inc dropped 8.3% and 2.5%, respectively.
FILE PHOTO: Traders work on the floor at the New York Stock Exchange in New York, U.S., April 9, 2019. REUTERS/Brendan McDermid/File Photo
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Beginning of the end: BAML sees S&P500 rally topping out in second quarterThe U.S. benchmark S&P 500 stock index will scale new peaks above 3,000 in the s...
Read more »
S&P 500, Nasdaq edge higher on tech gains; Fed minutes awaitedTechnology stocks lifted the S&P 500 and the Nasdaq on Wednesday, ahead of the r...
Read more »
S&P 500, Nasdaq edge higher as earnings season loomsThe S&P 500 and the Nasdaq edged into positive territory on Monday, with gains h...
Read more »
Stocks move broadly lower, threatening S&P 500 win streakGet breaking national and world news, broadcast video coverage, and exclusive interviews. Find the top news online at ABC news.
Read more »
Tech in driver's seat as S&P 500 flirts with recordTechnology stocks are extending their leadership on Wall Street as the S&P 500 t...
Read more »
Dow ends lower, weighed by Boeing, as S&P 500 extends win streakStocks posted a mixed finish Monday, with the S&P 500 eking out a gain to extend its winning streak to eight sessions. The Dow Jones Industrial Average ,...
Read more »
S&P 500 rises as 'majority' of Fed sees no change in rates this yearThe S&P 500 closed 0.36% higher today, marking its 9th day of gains in 10 days. Tech, real estate, consumer discretionary and energy stocks were among the best performers.
Read more »
S&P 500 records seventh straight gain, longest winning streak in 18 monthsU.S. stocks ended higher on Friday, extending their weekly gains, amid a combination of trade hopes and a bounceback in March's payrolls numbers. The S&P...
Read more »