Dow Slips
Digest more
US stocks fell sharply on Thursday, led by a decline in tech stocks as the end of the longest-ever US government shutdown was met by concern from investors that the Federal Reserve's plans for a December rate cut might be in doubt.
U.S. stock futures declined on Friday after Thursday’s sharp sell-off. Futures of major benchmark indices were lower.
Major stock indexes finished mixed Friday, with the Dow Jones Industrial Average declining for a second straight session but registering a weekly gain.
US stocks were mixed on Wednesday, with the Dow posting a fresh record but Big Tech stocks wobbling as chances grew that the record-long US shutdown will end soon. Meanwhile, hopes are rising for a key House vote that could end the longest government shutdown in US history as soon as today.
The US stock market experienced mixed results on Friday as the Dow Jones fell by 181 points while the Nasdaq and S&P 500 indices rebounded, driven by a strong performance from technology giants like Nvidia,
After starting Friday with a sharp drop of 1.3%, the S & P 500 erased all of it before ending with a slight dip of 0.1%. The Nasdaq composite flipped to a gain of 0.1%, while the Dow Jones Industrial Average trimmed its loss to 309 points after earlier being down nearly 600.
1don MSN
Dow falls 650 points and tech stocks slide as traders dial back expectations for Fed rate cuts
US stocks were lower Thursday as investors sold shares in technology companies and assessed how long it might take for economic data releases to be rebooted after the end of the government shutdown.
Technology stocks saw a modest rebound on Friday, with the Nasdaq Composite inching up, halting a three-day decline. Major tech firms like Nvidia and Oracle recovered from earlier losses. Despite this bounce,