US stocks hang around their stocks Record level Friday, with another winning week on Wall Street ending.
The S&P 500 fell 0.1% from its all-time high on the previous day, but is still expected to end its fourth winning week in the final five games. this Dow Jones As of 10:10 a.m. ET, the Jones industrial average rose 86 points, or 0.2%, and set a record in December. this Nasdaq Composites fell 0.2%, hurt by losses in technology stocks.
With expectations established, U.S. stock market records Fed Interest rates will be lowered at the next meeting in September. Lower interest rates can increase investment prices and the economy by making U.S. households and businesses cheaply Borrowing a housea car or equipment, but it can also worsen inflation.
A disappointing report on U.S. wholesale-level inflation rate Thursday has caused traders to cut their bets to lower interest rates, but they still look forward to them overwhelmingly. This expectation has significantly lowered bond yields in the bond market, and they held yields there after the economic update on Friday.
One person said Shoppers increase their spending As economists expected, last month at the U.S. retailer, while another said New York State’s manufacturing industry grew unexpectedly. Last month, industrial production shrank across the country, when economists were looking for modest growth.
Another report shows that sentiment among U.S. consumers is deteriorating as economists expect to see a slight improvement due to inflation concerns.
“Overall, when President Trump announces his amazing global tariffs, consumers are no longer prepared for the worst the economy is worried about,” said Joanne Hsu, director of the University of Michigan’s survey of consumers. “But consumers continue to expect inflation and unemployment to worsen in the future.”
On Wall Street, UnitedHealth Group 11.4% increase after investors of famous investor Warren Buffett Berkshire Hathaway Said Purchased nearly 5 million shares of insurer In the spring, it is worth $1.57 billion. Buffett is known for trying to buy good stocks at affordable prices, due to struggle.
Berkshire Hathaway’s own stock rose by 0.1%.
At the end of Wall Street’s failure is Application materialseven though the results reported in the most recent quarter were better than analysts expected, it fell 11.7%. The focus is on the company’s forecast of a decline in revenue in the quarter.
Its products help make semiconductors and advanced displays, and CEO Gary Dickerson noted “a dynamic macroeconomic and policy environment that is creating increased uncertainty and becoming less visibility in the near term, including our Chinese operations.”
Despite reporting profits in the latest quarter, Sandisk fell 3.7%, blowing up past analyst expectations. Instead, investors focus on data storage companies’ profit forecasts in the current quarter, while Wall Street’s forecasts are insufficient.
In foreign stock markets, Japan’s Nikkei 225 says in the government Its economic growth exceeded expectations In the latest quarter.
Stock index rose 0.8% in Shanghai, but Hong Kong fell 1% after data showed China’s economy may slow in July Under pressure on uncertainty surrounding Trump’s tariffs.
“China’s economic activity slowed across the board in July, with retail sales, fixed asset investment and industry growth all hitting the lowest level of the year. A steady start, months of cooling momentum suggests that the economy may need further policy support,” Ing Ing Economics said in a market commentary.
European Stock Index Mixed Before Meeting Later That Day Trump and Russian President Vladimir Putinwhich can determine where the war in Ukraine is.
In the bond market, the 10-year Treasury yielded 4.29%, compared with late Thursday. The two-year fiscal yield tracks expectations for Fed action more closely, dropping easily from 3.74% to 3.72%.