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In an eventful trading session, the S&P 500 marginally exceeded its previous record closing high, despite a backdrop of cautionary financial and geopolitical predictions. The three major indexes experienced volatility but ended on an upward trajectory.
Market strategist Ryan Detrick from Carson Group commented on the subdued activities during a holiday-shortened week.
» Read more about: S&P 500 Closes at Record High Amid Mixed Market Signals »
THE S&P 500 nudged to a record close on Tuesday following a choppy session as markets weighed higher Treasury bond yields, while chip company Intel surged on reported takeover interest.
The uptick in Treasury yields reflects greater doubt that the Federal Reserve will soon cut interest rates again, a headwind for equities.
By Chibuike Oguh and Naomi Rovnick
NEW YORK/LONDON (Reuters) -Global equity markets rose on Tuesday, with both the S&P 500 and European shares ending at record highs, as markets digested strong U.S. earnings, trade tariffs and a big European defence spending hike.
The benchmark S&P 500 squeaked past its previous record closing high at the top of a holiday-shortened week.
Stock futures are little changed on Tuesday night after a winning session for stocks.
Futures tied to the Dow Jones Industrial Average added 14 points, hovering just above the flatline. S&P futures and Nasdaq 100 futures each gained less than 0.1%.
In after-hours trading,
NEW YORK, Feb. 18 (Xinhua) — U.S. stocks remained little changed on Tuesday, but the S&P 500 managed to make a new record high thanks to strong buying at the end of session.
The Dow Jones Industrial Average rose 10.26 points, or 0.02 percent, to 44,556.34. The S&P 500 gained 14.95 points,
» Read more about: S&P 500 sets record high on last-minute rally »
New Jersey hospital network Hackensack Meridian Health Inc. was hit with a proposed class action saying its retirement plans are plagued by excessive fees and a poorly performing stable value fund.
Hackensack Meridian mismanaged a pair of retirement plans that held a combined $3.5 billion in 2023 by offering participants a stable value fund from TIAA that produced “underwhelming” returns despite carrying unnecessary risks,
» Read more about: Hackensack Meridian Health Sued Over Employee Retirement Plans »
Vicarious Surgical (NYSE:RBOT) announced today that John Mazzola, its chief operating officer (COO), plans to retire.
Mazzola’s retirement goes into effect on April 1, 2025. He plans to continue to serve as COO until that date, at which time he hands his responsibilities over to company president Randy Clark.