NEW YORK, March 22 ― Wall Street's main stock indexes struggled for direction today, though they were on track for strong weekly gains as investors cheered the Federal...
A trader wears a t-shirt with Reddit's logo, at the New York Stock Exchange in New York March 21, 2024. ― Reuters picNEW YORK, March 22 ― Wall Street's main stock indexes struggled for direction today, though they were on track for strong weekly gains as investors cheered the Federal Reserve's rate-easing stance.
Investors will also be closely monitoring commentary from a host of central bankers expected later in the day for further cues on the central bank's monetary policy trajectory.The blue-chip Dow ended yesterday less than 1 per cent away from its first-ever 40,000-mark. Along with the benchmark S&P 500, the Dow was on track to its best weekly performance so far this year.At 9.37am ET, the Dow Jones Industrial Average was down 10.58 points, or 0.03 per cent, at 39,770.
Nike shed 8.0 per cent after the world's largest sportswear maker warned that its revenue in the first half of fiscal 2025 would shrink by a low-single-digit percentage, as it scales back on franchises to save costs.
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