S&P 500 wavers as it tries to recover from a 4-day losing streak: Live updates
Publishing timestamp: 2024-04-18 13:53:40
Summary
The S&P 500 and Nasdaq Composite struggled as Wall Street attempted to recover amid a losing streak. Earnings reports were being closely watched, with some companies like Duolingo and JetBlue Airways seeing positive movements. Bitcoin mining stocks rallied ahead of the "halving" event. Tesla shares slipped after a downgrade. The Conference Board's index of leading economic indicators declined. Small cap stocks faced pressure, while existing home sales declined less than expected. European stocks were cautiously higher, and Asian airline stocks soared as oil prices dropped. U.S. acknowledged concerns over yen and won depreciation. Morgan Stanley and HSBC are cutting investment banking jobs in Asia-Pacific. Nasdaq Composite was on track for its fourth weekly decline. Barclays believes strong first-quarter earnings can defend markets against high interest rates.
Sentiment: MIXED
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Source: https://www.cnbc.com/2024/04/17/stock-market-today-live-updates.html