U.S. stocks are drifting to begin what could be a quiet stretch following several weeks of gains.
FILE - A trader looks over his cell phone outside the New York Stock Exchange, Wednesday, Sept. 14, 2022, in the financial district of Manhattan in New York.
The S&P 500 was mostly unchanged in afternoon trading Monday. The Dow Jones Industrial Average was down 117 points, or 0.4%, at 33,641, as of 2:16 p.m. Eastern time, while the Nasdaq composite was 0.1% higher. There were slightly more stocks rising than falling in the S&P 500. A gain for market heavyweight Apple helped steady Wall Street. It rose 1% ahead of anSaudi Arabia said it would cut back production
Both were close to $120 a year ago, and their prices have fallen on worries that a strapped global economy would burn less fuel.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock market chaotic new normal will screw over Wall Street investorsInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Read more »
Morgan Stanley sees an earnings wipe out ahead for Wall Street's unloved stock rallyMorgan Stanley strategist Mike Wilson still expects "a meaningful earnings recession this year (-16% year-over-year decline) that has yet to be priced...
Read more »
Economic Chaos: 14th Consecutive Month Of Wall Street Underestimating PayrollsThe strength of the U.S. labor market has flummoxed professional economic forecasters for nearly two years.
Read more »
Ukraine is ready to launch counteroffensive, Zelensky says in Wall Street Journal interviewUkraine is ready to launch its much-anticipated counteroffensive in the war against Russia, Ukrainian President Volodymyr Zelensky said in an exclusive video interview with The Wall Street Journal.
Read more »
Meta and Broadcom are among the most overbought stocks on Wall StreetWatch these overbought and oversold names on Wall Street for signs of overcrowding and potential bargains.
Read more »
Wall Street Backs Off Bets on Fed Rate CutsPersistent strength in the economy has wrong-footed bets that the Fed will make large rate cuts this year, potentially undermining a key element of support for the 2023 stock rally
Read more »