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Wall Street’s main indexes kicked off the final week of the year on a softer note on Monday, as heavyweight technology stocks retreated from last week’s gains that had pushed the S&P 500 to record highs. The information technology sector weighed on the S&P 500, as most tech and AI-linked stocks declined, with Nvidia down 1.8%, Broadcom off 1%, and Palantir Technologies shedding 1.4%. “This is (not) the beginning of the end of the tech dominance, it’ll turn out to be a buying opportunity,” said Hank Smith, director and head of investment strategy at Haverford Trust. “A big reason for that is the top tech names, excluding Tesla, do not have challenging v…

Stocks wavered in afternoon trading on Wall Street Friday as the first week of corporate earnings season closes out with markets trading near record levels. The S&P 500 rose 0.1% after shifting between small gains and losses. The Dow Jones Industrial Average fell 52 points, or 0.1%, as of 3:17 p.m. Eastern. The Nasdaq composite rose 0.1%. Technology stocks were the strongest forces behind the market’s moves. The S&P 500 has slightly more losers than gainers, but several big technology stocks made strong gains and countered losses elsewhere. Nvidia rose 0.4%, Broadcom rose 2.8% and Micron Technology rose 6.8%. All three are semiconductor companies that …

Stocks are climbing on Wall Street Monday and pulling near their records following last week’s roller-coaster ride. The S&P 500 rose 1% and got back within 0.4% of its all-time high set earlier this month. The Dow Jones Industrial Average was up 358 points, or 0.8%, and the Nasdaq composite was 1.4% higher just before noon Eastern time. Cleveland-Cliffs helped lead the way with a jump of 24% after the steel company’s CEO, Lourenco Goncalves, said it would provide details soon about a potential deal with a major global steel producer that could mean bigger profits. He also said Cleveland-Cliffs has potentially found rare earths at sites in Michigan and Minnesot…

Markets are flat early Tuesday in holiday-thinned trading before head of the release of new data on how the U.S. economy fared in the third quarter. Futures for the S&P 500, the Dow Jones Industrial Average and Nasdaq are all essentially unchanged before the opening bell. Shares of the Danish pharmaceutical company Novo Nordisk jumped more than 7% overnight after U.S. regulators approved a pill version of the blockbuster weight-loss drug Wegovy, the first daily oral medication to treat obesity. Novo’s Wegovy is a GLP-1 drug that works like widely used injectables to mimic a natural hormone that controls appetite and feelings of fullness. Again touching new records,…

European shares were mixed in early trading while Asian shares mostly fell on Friday after a respite from Wall Street’s recent feverish rally. The price of gold also pulled back from record highs following recent torrid runs. The futures for the S&P 500 and the Dow Jones Industrial Average were both up less than 0.1%. Oil prices slipped. In early European trading, Germany’s DAX rose 0.2% to 24,652.73, while France’s CAC 40 added 0.4% to 8,076.96. Britain’s FTSE 100 slipped 0.1% to 9,498.95, weighed down by losses for mining and energy stocks. Most Asian indexes fell. But South Korea’s Kospi climbed 1.7% to 3,610.60 as trading reopened after a holiday. India’s BSE …

Most U.S. stocks are rising Friday after a report showed that inflation is behaving roughly as economists expected, even if it’s still high. The S&P 500 added 0.2%, as four out of every five stocks within the index climbed. The Dow Jones Industrial Average was up 211 points, or 0.5%, as of 11:45 a.m. Eastern time, and the Nasdaq composite was 0.1% lower because of drops for a handful of influential Big Tech stocks. All three indexes are near their all-time highs set at the start of the week. Stocks got some help from a report showing that inflation in the United States accelerated to 2.7% last month from 2.6% in July, according to the measure of prices that th…

And back up goes Wall Street. U.S. stocks are rallying Monday after President Donald The President said “ it will all be fine,” just days after he sent the market reeling by threatening much higher tariffs on China. The S&P 500 jumped 1.3% to recover nearly half its drop from Friday, which was its worst since April. The Dow Jones Industrial Average was up 483 points, or 1.1%, as of 10:45 a.m. Eastern time, and the Nasdaq composite was 1.8% higher. “Don’t worry about China,” The President said on his social media platform Sunday. He also said that China’s leader, Xi Jinping, “doesn’t want Depression for his country, and neither do I. The U.S.A. wants to help Ch…

Stocks rose in morning trading on Wall Street Friday and further trimmed losses from earlier in the week for several major indexes. The S&P 500 jumped 0.8%, adding to gains made on Thursday. The Dow Jones Industrial Average rose 283 points, or 0.6%, as of 10:05 a.m. Eastern. The Nasdaq jumped 1% and is now on track for a weekly gain. Technology stocks with an focus on artificial intelligence once again led the market. Nvidia jumped 3.4% and Broadcom rose 2.4%. Oracle rose 7% on news that it, along with two other investors, had signed agreements to form a new TikTok U.S. joint venture. Oracle, Silver Lake and MGX each get a 15% share in the popular social video pla…

The U.S. stock market seems to be steadying on Friday, as banks recover some of their sharp losses from the day before. The S&P 500 slipped 0.2% in midday trading. The Dow Jones Industrial Average was up 23 points, or 0.1%, as of 11:30 a.m. Eastern time, and the Nasdaq composite was 0.5% lower. All three indexes drifted between gains and losses through the morning, but the moves weren’t as jarring as the big hour-to-hour swings they had earlier in the week. Drops for Big Tech stocks weighed on the market, including a 0.5% dip for Nvidia. They’re fighting criticism that their stock prices have soared too high because of the frenzy around artificial-intelligence…

Wall Street is hanging near its records on Monday, as technology stocks keep rising. The S&P 500 rose 0.3%, coming off its latest all-time high. The Dow Jones Industrial Average added 17 points, or less than 0.1%, as of 9:35 a.m. Eastern time, and the Nasdaq composite was 0.4% higher. Advanced Micro Devices soared 32.6% to help lead the market after announcing a deal where OpenAI will use its chips to power artificial-intelligence infrastructure. As part of the deal, OpenAI could own up to 160 million shares of AMD if it hits certain milestones. A frenzy around AI has been one of the main reasons Wall Street has been hitting record after record, though that’s also …

Wall Street pointed toward strong gains before markets opened Monday as a bipartisan deal to end the federal government shutdown gained traction in the Senate, though it lacked any clear resolution to expiring health care subsidies that Democrats have been fighting for. Rising hopes for an end to the longest federal government shutdown in U.S. history pushed futures for the S&P 500 0.9% higher, while Dow Jones futures gained 0.4%. Nasdaq futures climbed 1.5% on the strength of the technology sector. Health insurers were among the losers early Monday as lack of clarity on health care subsidies clouded their futures. Sunday’s test vote began a series of procedural ma…

U.S. stocks are slipping in afternoon trading Wednesday as Wall Street closes out a banner year for markets driven by both optimism and uncertainty. The S&P 500 was down 0.2%. The Dow Jones Industrial Average fell 100 points, or 0.2%, as of 1:47 p.m. Eastern time. The Nasdaq composite fell 0.1%. The stock indexes are coming off a three-day losing streak. Trading is expected to be light ahead of the New Year’s Day holiday, when markets will be closed. With just one trading day left before the year ends, most big investors have closed out their positions for the year and trading volume has been very thin. Even after their mini post-Christmas pullback, the in…

America’s largest brick-and-mortar retailer is partnering with the country’s most prominent AI firm in the clearest signal yet that companies are hoping to boost their sales with artificial intelligence-assisted shopping tools. Today, Walmart and OpenAI announced a new partnership that will allow ChatGPT users to buy Walmart products directly from within the chatbot itself. Here’s what you need to know about the news, and how Walmart’s stock price is reacting. The Walmart-OpenAI deal explained Today, retail giant Walmart Inc. (NYSE: WMT) announced a major new deal with ChatGPT maker OpenAI. The deal will see the artificial intelligence firm’s chatbot gain t…

No, it’s not April Fools’ Day, but despite some erroneous reports that Walmart will be closing at least 11 stores across multiple states in 2025, Walmart says it will not be closing any of its stores this year. “There are no current plans to close any stores in 2025,” a spokesperson for Walmart told Fast Company. “The erroneous claim originated from a late March US Mirror story, and that article was updated following our call to the editors for a correction. Unfortunately, other outlets have incorrectly reported the store closures without checking with our team, leading us to seek corrections from them as well.” Some of those news outlets included MSN and The Huds…

It’s a bird. It’s a plane. It’s the next phase of expansion planned by Walmart and drone company Wing. The companies plan to roll out additional locations for drone delivery in metropolitan hubs like Los Angeles, St. Louis, Cincinnati, and Miami this year in what they call “the next chapter of the world’s largest drone delivery expansion.” This expansion adds to the 100 stores already planned in metro areas like Orlando and Houston. The drones are expected to start flying in the latter city this week. The expansion will increase Walmart and Wing’s network to more than 270 locations across the country in 2027. “Whether it’s a last-minute ingredient for dinner o…

If you’ve ever flipped over a Walmart snack or frozen pizza to check the ingredients list, the company’s about to make that label a whole lot cleaner. The retail giant just announced it’s giving its U.S. private food brands a major makeover, cutting out synthetic dyes and dozens of other additives you probably can’t pronounce. Altogether, the retailer is removing synthetic dyes and 30 ingredients from store brands including Bettergoods, Freshness Guaranteed, Great Value, and Marketside. Artificial sweeteners, certain preservatives, and fat substitutes are among the ingredients being phased out. The full list of every synthetic dye and ingredient being removed is …

It’s a historic day for both Walmart and the Nasdaq. Today, America’s largest brick-and-mortar retailer begins trading on the Nasdaq after its shares spent over half a century on the New York Stock Exchange (NYSE). Here’s what you need to know about Walmart’s move to the Nasdaq. What’s happened? A week before Thanksgiving, Walmart announced that it would transfer its common stock listing from the New York Stock Exchange (NYSE) to the Nasdaq Global Select Market. The move is historic for a few reasons. The first is that Walmart (Nasdaq: WMT) shares have traded on the NYSE since 1972—the last 53 years. Walmart went public in 1970, but traded on over-the-cou…

Major changes are afoot behind-the-scenes at Walmart. The retailer is cutting hundreds of jobs and shuttering its North Carolina office. Employees from certain locations are also being asked to move to its newly opened headquarters in Bentonville, Arkansas, and other central hubs. News of the shake up was first reported by Fox Business after Walmart Chief People Officer Donna Morris sent a memo detailing the cuts and other changes to employees. “We are making these changes to put key capabilities together, encouraging speed and shared understanding,” the memo, viewed by Fox read. “Through this review process, we have eliminated some roles as we streamline how we work…