US Edition
Losses for Health Care Stocks Help Push Wall Street Lower
NEW YORK, UNITED STATES, JUL 31 – Meta surged 11% and Microsoft gained 4% as inflation slightly exceeded expectations and tariff concerns kept the Federal Reserve's interest rates steady, analysts said.
- On Thursday, stocks indexes were mixed in afternoon trading on Wall Street as Meta Platforms surged 11.9% and Microsoft jumped 4.1%.
- President Donald Trump has threatened tariffs if agreements aren’t reached by Friday amid CPI readings showing inflation rose in June and warnings from Ford and Hershey’s that duties are slicing into profits.
- Late Wednesday, Treasury yields showed mixed moves with the 10-year slipping to 4.36% from 4.37% and the two-year remaining at 3.94%, while traders see a 39% chance of a rate cut.
- Meanwhile, CVS Health gained 0.3% after surpassing Wall Street expectations for the second quarter and raising its full-year forecast, while Eli Lilly & Co., UnitedHealth Group, and Bristol-Myers Squibb fell following White House letters demanding price cuts in 60 days.
- In response to tariff and inflation risks, the Fed has held rates steady through its past five meetings, citing a solid job market and tempered expectations for September rate cuts.
35 Articles
35 Articles
Sydney Morning Herald
ASX set to fall, healthcare stocks weigh on Wall Street; Apple surprises, Amazon disappoints
Stocks indexes were mixed in afternoon trading on Wall Street after a health care sector slide offset some of the gains from a rally among big tech companies.
ivpressonline.com
Stocks are mixed on Wall Street as gains by Microsoft and Meta temper losses elsewhere in the market
Stock indexes are mixed as losses in health care stocks dampen a big rally in tech led by Microsoft and Facebook's parent company. The S&P 500 rose 0.1% in afternoon trading Thursday. The Dow Jones Industrial Average fell 0.2%. The…
The Columbian
Losses for health care stocks help push Wall Street lower
Stocks capped a choppy day of trading on Wall Street with more losses Thursday after an early big tech rally faded and a health care sector pullback led the market lower. Read more...
Is Meta stock now too expensive?
Meta Platforms (Meta Stock Quote, Chart, News, Analysts, Financials NASDAQ:META) shares rose 12% in after-hours trading on July 29 after the company reported strong earnings and raised its outlook, prompting Roth Capital Markets to increase its 12-month price target to $835 from $740. Kulkarni maintains his “Buy” rating. “Meta’s still the AI winner, in our […] Source
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