All posts tagged: Lull

Wall Street’s lull stretches to a second day as indexes finish mixed

Wall Street’s lull stretches to a second day as indexes finish mixed

NEW YORK —  Wall Street’s lull stretched into a second day as U.S. stocks drifted to a mixed close on a quiet Wednesday. The Standard & Poor’s 500 finished virtually unchanged after flipping between modest gains and losses through the day. It edged down by 0.03 of a point to 5,187.67. It was coming off a slight gain from Tuesday, which followed a big three-day winning streak. The Dow Jones industrial average rose 172.13 points, or 0.4%, to 39,056.39, and the Nasdaq composite slipped 29.80, or 0.2%, to 16,302.76. Uber Technologies slumped 5.7% after reporting worse results for the first quarter of 2024 than analysts expected. The ride-hailing company also gave a forecast range for bookings in the current quarter whose midpoint fell below analysts’ estimates. Shopify tumbled 18.6% despite reporting better profit and revenue for the latest quarter than analysts expected. The company, which helps businesses sell things online, said that its revenue growth would probably slow this quarter and that it would probably make less profit off each $1 in revenue. Match Group sank …

US stock market hits record high after three-day lull | Financial Markets

US stock market hits record high after three-day lull | Financial Markets

S&P 500 rises 0.9 percent as major players including Apple and Tesla see gains. The US stock market has hit a record high after a string of downbeat trading sessions. All three leading stock indexes rose on Wednesday, ending a three-day lull. The S&P 500, which tracks the performance of 500 of the largest US companies, finished up 0.9 percent on Wednesday, surpassing last week’s record. The rise leaves the benchmark index up more than 10 percent so far in 2024. The Dow Jones Industrial Average and Nasdaq Composite rose 1.22 percent and 0.51 percent, respectively. Among the big corporate players, Apple and Tesla climbed 2.12 percent and 1.22 percent, respectively, while semiconductor company Nvidia Corp declined 2.5 percent. Pharmaceutical giant Merck climbed 5 percent after announcing that the US Food and Drug Administration had approved its drug Winrevair to treat pulmonary arterial hypertension. Cruise line Carnival rose 1 percent after the company raised key earnings and revenue projections and revised its costs downward. Cintas, an office supplies company, surged 8.2 percent after reporting a …

Illegal Border Crossings From Mexico Reach Highest on Record in December Before January Lull

Illegal Border Crossings From Mexico Reach Highest on Record in December Before January Lull

WASHINGTON (AP) — Arrests for illegal border crossings from Mexico reached an all-time high in December since monthly numbers have been released, authorities said Friday, exposing a growing vulnerability for President Joe Biden in his campaign for a second term. The Border Patrol tallied 249,785 arrests on the Mexican border in December, up 31% from 191,112 in November and up 13% from 222,018 in December 2022, the previous all-time high. Arrests fell more than half during the first two weeks of January, “consistent with historical trends and enhanced enforcement,” U.S. Customs and Border Protection said in a statement. CBP previously said a crackdown by Mexican authorities contributed to the January decline. Mexicans accounted for 56,236 arrests in December, while Venezuelans were second with 46,937, erasing much of the decline that followed the start of deportation flights to Venezuela in October. Arrests of Guatemalans surged, with Hondurans and Colombians rounding out the top five nationalities. Tucson, Arizona, was again the busiest corridor for illegal crossings among nine sectors on the Mexican border, with 80,185 arrests. Del …