financetom
Market
financetom
/
Market
/
US Equity Indexes Decline in Midday Trading
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US Equity Indexes Decline in Midday Trading
Jan 24, 2025 9:48 AM

12:24 PM EST, 01/24/2025 (MT Newswires) -- US equity indexes slipped with government bond yields in midday trading Friday after a consumer sentiment gauge was revised downwards.

The Nasdaq Composite fell 0.1% to 20,040.1, with the S&P 500 down slightly to 6,118.5 and the Dow Jones Industrial Average dropping 0.1% to 44,529.7. Energy and technology led the decliners while real estate and communication services were among the top gainers.

In economic news, the University of Michigan consumer sentiment index was revised downwards on Friday to 71.1 for January from 73.2 in the preliminary estimate, compared with expectations for no revision in a survey compiled by Bloomberg. That was below the final reading of 74.0 in December.

Meanwhile, the Kansas City Federal Reserve's monthly composite services index fell to a reading of minus 4 in January after declining to an upwardly revised reading of 4 in December. A reading above zero indicates growth and a reading below zero suggests contraction.

Most US Treasury yields fell, with the benchmark 10-year retreating 2.2 basis points to 4.62%. The two-year rate dropped 3.7 basis points to 4.25%.

In company news, NextEra Energy's (NEE) shares jumped 4.8% intraday, the top performer on the S&P 500, after the company reported a year-over-year decline in Q4 operating revenue that also missed market expectations.

The worst performer on the index as well as the Nasdaq was Texas Instruments ( TXN ) , whose shares slumped 6% intraday after the company reported Q4 earnings and revenue that fell from a year ago.

West Texas Intermediate crude oil futures slipped 0.2% to $74.51 a barrel.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Japan's Nikkei tracks Wall Street lower amid inflation worries
Japan's Nikkei tracks Wall Street lower amid inflation worries
Jan 7, 2025
TOKYO, Jan 8 (Reuters) - Japan's Nikkei share average fell on Wednesday, tracking overnight Wall Street declines after a batch of upbeat U.S. economic data raised concerns that sticky inflation could slow the Federal Reserve's pace of monetary easing. The Nikkei index declined 0.6% to 39,843.84, as of 0153 GMT, with 163 of its 225 components falling, 60 rising and...
JGB yields hit multi-year highs tracking US peers
JGB yields hit multi-year highs tracking US peers
Jan 7, 2025
TOKYO, Jan 8 (Reuters) - Japanese government bond yields rose to multi-year highs on Wednesday, pulled by climbing U.S. Treasury yields after robust economic data pointed to a slower pace of interest rate easing by the Federal Reserve. The 10-year JGB yield rose 3 basis points (bps) to 1.170% as of 0529 GMT, after earlier hitting 1.175% for the first...
Nvidia, Palantir, Ionq, Novavax, And Tesla: Why These 5 Stocks Are On Investors' Radars Today
Nvidia, Palantir, Ionq, Novavax, And Tesla: Why These 5 Stocks Are On Investors' Radars Today
Jan 7, 2025
The U.S. stock market experienced a downturn on Tuesday, with the Nasdaq Composite falling by 1.9% and the S&P 500 dropping by 1.1%. The Dow Jones Industrial Average also declined by 0.4%. These are the top stocks that gained the attention of retail traders and investors throughout the day: Nvidia Corporation ( NVDA )  Nvidia’s stock dropped by 6.22%, closing at $140.14. The stock reached an...
Japan's Nikkei tracks Wall Street lower amid US inflation woes
Japan's Nikkei tracks Wall Street lower amid US inflation woes
Jan 7, 2025
(Updates prices at market close) By Kevin Buckland TOKYO, Jan 8 (Reuters) - Japan's Nikkei share average fell on Wednesday, tracking overnight declines in Wall Street after a batch of upbeat U.S. economic data raised concerns that sticky inflation could slow the Federal Reserve's pace of monetary easing. The Nikkei index slipped 0.26% to close at 39,981.06. Of the index's...
Copyright 2023-2026 - www.financetom.com All Rights Reserved