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| Name | Stock market today: Stocks tread water as earnings pull down Dow | January 23, 2024 |
| Video Uploader | Video From Yahoo Finance |
| Upload Date | This Video Uploaded At 23-01-2024 18:09:39 |
| Video Discription | #stocks #inflation #YahooFinance #recession #bitcoin #Biden #Stockmarket #coronavirus #memestocks #Fed #YahooFinance #investing #stockmarket #crypto To get the latest market news check out finance.yahoo.com US stocks hit pause on a record-setting rally as the focus turned to the day's stream of earnings for insight into the health of corporate America and the economy. The Dow Jones Industrial Average (^DJI) was down about 0.5% after the blue-chip index broke above 38,000 for the first time on Monday. The S&P 500 (^GSPC) and the tech-heavy Nasdaq Composite (^IXIC) both slipped just below the flatline. Stocks have bounced out of their early January slump in recent days as investors increasingly embrace the idea the Federal Reserve could nail a "soft landing" for the US economy. Data showing resilience in the face of higher-than-usual interest rates has buoyed those expectations. An upbeat 2024 profit forecast from United Airlines (UAL) helped lift its shares by 7% on Tuesday. Shares of other airlines, including Delta (DAL) and American Airlines (AAL), rose after the forecast, which came even as United warned of a hit from the grounding of its Boeing 737 Max 9 planes. For more on this article, please visit: https://finance.yahoo.com/news/stock-market-today-stocks-tread-water-as-earnings-pull-down-dow-124202790.html |
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