U.S. stocks closed mostly lower on Wednesday, with the S&P 500 falling from a record high after data signaled a slowdown in jobs growth in July, and General Motors tracked its worst day since early March.
Stocks, Treasuries and other major markets were mixed on Wednesday after July data showed that U.S. jobs growth slowed but demand for services increased, all as Federal Reserve officials signaled a likely pullback in market support.
The market closed mixed Wednesday as investors received conflicting signals on the path for interest rates and absorbed a disappointing employment report.
What happened
Shares of Facebook (NASDAQ: FB) rose more than 2% as of 3:30 p.m. EDT. This increase comes even as the S&P 500 was down 0.3% as of this writing.
Wall Street's main indexes closed mostly lower on Wednesday, with the S&P 500 falling from a record high hit a day earlier as data signaled a sharp slowdown in jobs growth in July, while General Motors tracked its worst day in more than a year despite a record pre-tax profit.
The S&P 500 slipped from a record high on Wednesday as data signaled a sharp slowdown in jobs growth last month, while General Motors tracked its worst day in more than a year despite a record pre-tax profit.
Senator Mark Warner said on Wednesday that Facebook Inc's move to disable the accounts of a group of New York University researchers who were studying political ads on its platform was "deeply concerning."
The S&P 500 fell from a record high on Wednesday as data signaled a slowdown in job growth last month, while General Motors tracked its worst day in more than a year despite a record pre-tax profit.
Wall Street's main indexes fell on Wednesday as concerns around slowing economic growth and fresh COVID-19 fears hit economically-sensitive sectors, including banks and industrials.
Wall Street's main indexes were set to open lower on Wednesday following a record close for the S&P 500, while focus turned to data on the services sector for cues on whether a domestic economic rebound was stalling.
U.S. stock index futures were muted on Wednesday following a record close for the S&P 500, while focus turned to data on the services sector for cues on whether a domestic economic rebound was stalling.
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In March last year, Oziel da Silva Santos needed a new TV but with stores closed due to COVID-19 restrictions in Brazil's northern city of Belem, the 50-year old was clueless about how to get one. He followed a link on the website of furniture retailer Via Varejo and called a store manager.
Users of Facebook Inc's WhatsApp can now send disappearing photos and videos on its platform starting this week, as it looks to better compete with Snap Inc's photo messaging app Snapchat.
The S&P 500 index closed at record high on Tuesday on gains in Apple and healthcare stocks, despite concerns over a surge in the Delta variant of the coronavirus taking some shine off an upbeat corporate earnings season.
Wall Street's main indexes closed higher on Tuesday on gains in Apple and healthcare stocks, despite concerns over a surge in the Delta variant of the coronavirus taking some shine off an upbeat corporate earnings season.
Wall Street's main indexes rose on Tuesday on gains in Apple and healthcare stocks, even though concerns around a surge in the Delta variant of the coronavirus took some shine off an upbeat corporate earnings season.
The S&P 500 rose on Tuesday on gains in Apple and healthcare stocks, even though concerns around a surge in the Delta variant of the coronavirus took some shine off an upbeat corporate earnings season.
Growth in the technology industry has turned some tech stocks into some of the world's most valuable companies. And reaching such a size gave many of these tech stalwarts enough steady cash flow to finally stop resisting the idea of making dividend payments.
Even with Snap (NYSE: SNAP) shares recently hitting new highs, the growth stock arguably remains an attractive investment -- particularly for investors willing to hold shares for the long haul.