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US stocks traded mostly lower on Monday, retreating from last week's record highs. While the Nasdaq 100 rose slightly, the Dow Jones Industrial Average declined by nearly 350 points.
In premarket trading, the dominant factor weighing on markets is the rise of 10-year Treasury prices which hit a 14-month high. As of 8:40 a.m. ET, the yield on 10-years stands at 4.763%. That's a ...
On Wall Street, bank stocks helped lead the way after several reported stronger profits for the last three months of 2024 than analysts expected. Wells Fargo jumped 6.7%, Citigroup rallied 6.5% ...
TipRanks is a financial technology company that uses artificial intelligence to analyze financial big data to provide stock market research tools for retail investors. The TipRanks Financial Accountability Engine scans and analyzes financial websites, corporate filings submitted to the SEC, and analyst ratings, to rank financial experts in real time.
The New York Stock Exchange reopened that day following a nearly four-and-a-half-month closure since July 30, 1914, and the Dow in fact rose 4.4% that day (from 71.42 to 74.56). However, the apparent decline was due to a later 1916 revision of the Dow Jones Industrial Average, which retroactively adjusted the values following the closure but ...
US stocks gained after cooler-than-expected producer price index data soothed inflation concerns. The numbers on Tuesday showed wholesale inflation rose 0.2% in December on a monthly basis ...