DOW Financial News

Stocks drifted to a slightly higher finish on Wall Street Friday but still closed out their first losing week in the last three

Investing.com — The Dow ended higher Friday, but that wasn’t enough to prevent a weekly loss as Treasury yields racked up gains for the week amid fears that the Fed may have to persist with higher for longer rates.

dollar edged lower but was on track for an eighth straight week of gains on Friday while global stock indexes advanced as Wall Street rose with Apple shares. The dollar index's weekly winning streak would be its longest since 2014, bolstered by recent reports showing the U.S. economy remains resilient. In contrast, the Chinese yuan fell to its weakest level since 2007 amid concern about China's slowing economy. Strong U.S.

Investing.com — The S&P 500 was flat Friday, despite a rise energy and tech, but remained on course to end the week in the red as fears that the Fed may have to persist with higher for longer rates weighed on sentiment.

Stocks are drifting higher, but not by enough to knock Wall Street off course for its first losing week in the last three

Next week will help determine what the Federal Reserve’s near-term outlook for interest rates will be as the U.S. central bank faces the difficult task of balancing between its ongoing battle to contain inflation and cool the economy without tipping it into a recession.

Investing.com — Apple (NASDAQ:AAPL) shares hug the flatline in premarket trading on Friday following a two-day skid sparked by reports that China is telling government officials not to use the California company's iPhone device for work. Elsewhere, two more Federal Reserve policymakers hint that the central bank may skip hiking interest rates at its September gathering, while U.S. Treasury Secretary Janet Yellen suggests that China's post-COVID economic woes may not have a «significant impact» on the United States.

The United States’ major pickleball tournament is expanding to Australia under an ambitious plan to professionalise a sport that high-profile athletes including NFL star Tom Brady and Nick Kyrgios have put money behind.

Nasdaq fell on Thursday, with the biggest drag from Apple and weakness in chip stocks over concerns about China's iPhone curbs, while a fall in weekly U.S. jobless claims fed worries about interest rates and sticky inflation. Shares in S&P heavyweight Apple Inc fell for a second straight day on news that China had widened curbs on iPhone use by state employees, requiring staff at some central government agencies to stop using their mobiles at work. Bloomberg reported that China planned to broaden the iPhone ban to state firms and agencies. The drag from Apple, its suppliers and companies with large China exposure pushed the S&P 500 technology sector lower making it the biggest percentage decliner among the benchmark's 11 major sectors during the session. A U.S.

Investing.com — U.S. stock futures were little changed Thursday evening. after a mixed session among major benchmark averages as market participants assess the risk of future rate hikes from Federal Reserve officials.

Investing.com — U.S. stocks were mixed, with declines led by tech stocks, as investors continued to worry about interest rates remaining higher for longer.

Wall Street slipped on worries a too-warm economy will push the Federal Reserve to keep interest rates higher for longer

Investing.com — U.S. stocks were mixed, with declines led by tech stocks, as investors continued to worry about interest rates remaining higher for longer.

Here's how the analysts read the market pulse: «The domestic market initially opened with lackluster performance, influenced by weak global cues. However, as the day progressed, a decline in U.S.

Apple and other tech shares were under pressure early Thursday, as Wall Street stocks opened mostly lower amid worries over further interest rate hikes. Shares of Apple fell more than three percent following a big drop Wednesday on a Wall Street Journal report that the Chinese government was barring the use of iPhones in government offices. The episode has added to worries that «if China purposely chooses to make business difficult for a company like Apple… then it can do so for a lot of other US companies doing business in China,» said Briefing.com analyst Patrick O'Hare. About 20 minutes into trading, the Dow Jones Industrial Average was up 0.1 percent at 34,467.92. The broad-based S&P 500 shed 0.5 percent to 4,442.38, while the tech-rich Nasdaq Composite Index dropped 1.2 percent to 13,700.82. Stocks have fallen the last two days, with analysts pointing to a jump in crude prices as adding to inflationary headwinds that could prompt central banks to hike interest rates further, or keep them elevated for longer.

Shares are lower in Europe and Asia after China reported that its exports fell for a fourth straight month in August, adding to pressures on its slowing economy

Stocks closed lower on Wall Street as traders return from a long holiday weekend

Stocks fell on Wall Street, continuing a weak stretch on this holiday-shortened week

Investing.com — U.S. stock futures were trading in a tight range during Wednesday's evening deals, following a negative session for major benchmark indices, as investors retreated fearing a further interest rate hike from Federal Reserve officials.

By Caroline Valetkevitch

Investing.com — The Dow closed lower Wednesday as fresh inflation jitters renewed concerns about higher for longer interest rates, while a plunge in Apple (NASDAQ:AAPL) also dented sentiment on stocks.