In the latest close session, Signet (SIG) was down 3.01% at $95.88. The stock’s performance was behind the S&P 500’s daily gain of 1.66%. Meanwhile, the Dow gained 1.19%, and the Nasdaq, a tech-heavy index, added 2.78%.
The stock of jewelry company has risen by 16.77% in the past month,
» Read more about: Signet (SIG) Stock Sinks As Market Gains: Here's Why »
The US economy expanded at a sluggish 1.5% pace from April through June as rising imports weighed on growth. But consumer spending rose. And the Federal Reserve’s favored measure of inflation grew more slowly last month despite remaining above the central bank’s 2% target.
The commerce department reported on Thursday that growth in US gross domestic product (GDP) – the nation’s output of goods and services – decelerated from 2.1% in the first three months of 2026 and came in below economists’ expectations.
» Read more about: US economy grows sluggish 1.5% in second quarter as inflation tops Fed target »
The Federal Reserve held interest rates steady on Wednesday as the economy weathers resurgent inflation set off by the Iran war.
The policy decision arrived as oil prices surged and stock prices tumbled in response to a resumption of fighting in the Middle East,
» Read more about: Fed holds interest rates steady as economy weathers resurgent inflation »
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» Read more about: Picking an investing app? Don't choose one before checking these basics »
By PAUL WISEMAN, AP Economics Writer
WASHINGTON (AP) — The Federal Reserve left its key interest rate unchanged Wednesday, although three officials dissented in favor of higher rates as the central bank wrestles with how to deal with persistently high inflation.
The Fed’s rate-setting committee reached its decision after two days of deliberations,
WASHINGTON (TNND) — The Federal Reserve left its benchmark interest rate unchanged on Wednesday, opting to hold borrowing costs steady as inflation remained above its target and energy prices climbed in the wake of the Iran war.
The central bank’s rate-setting committee voted 9-3 after a two-day meeting to keep the federal funds rate at about 3.6%,
South Korean stocks soared a record 17 percent Friday as global tech firms performed a blistering recovery from an extended sell-off, with beaten-down chip giant SK hynix rocketing more than a quarter as the AI boom roared back.
» Read more about: Tech rebound fuels record-breaking rally in South Korean stocks »
