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Stocks End up Mixed on Wall Street After Early Gains Fade

Started by Epoch-Times-Bot, Jan 09, 2023, 09:00 PM

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Epoch-Times-Bot

Jan 09, 2023, 09:00 PM
Stocks End up Mixed on Wall Street After Early Gains Fade

NEW YORK—U.S. stocks were mixed Monday at the start of a week with a few events that could shake markets, including updates on inflation and the health of corporate profits.
The S&P 500 dipped 0.1 percent after surrendering an early gain of 1.4 percent in its first trading after closing out its first winning week in the last five. The Dow Jones Industrial Average dipped nearly 113 points, or 0.3 percent, while the Nasdaq composite gained 0.6 percent.
More stocks rose than fell, and Wall Street’s largely positive start to 2023 has come on hopes the Federal Reserve could ease up on its economy-shaking hikes to interest rates as inflation cools. Such rate increases have already slowed parts of the economy sharply, and the fear is more big hikes could cause a painful recession....

Source: Stocks End up Mixed on Wall Street After Early Gains Fade

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