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☆ Dow falls 600 points in worst day of 2024 as Nvidia's blockbuster earnings fail to lift broader market: Live updates
  + stars: | 2024-05-22 | by ( Hakyung Kim Samantha Subin | Hakyung Kim | Samantha Subin | ) www.cnbc.com   time to read: +3 min
The 30-stock Dow slid 605.78 points, or 1.53%, and closed at 39,065.26 for its worst session of the year. The S&P 500 dropped 0.74%, closing at 5,267.84, and the Nasdaq Composite tumbled 0.39% to end at 16,736.03. Stocks fell Thursday, with the Dow Jones Industrial Average registering its worst day of 2024, as a post-earnings rally in Nvidia failed to lift the broader market. With its market cap of more than $2.5 trillion, Nvidia also has considerable sway over the broad S&P 500 . More than 400 names in the S&P 500 were lower, and information technology was the only positive sector for the day.
Persons: Stocks, Dow Jones, it's, Piper Sandler, Craig Johnson Organizations: New York Stock Exchange, Dow, Boeing, Nasdaq, Dow Jones Industrial, Nvidia, . Services, Global, Federal Reserve, Traders Locations: New York City
☆ 10-year Treasury yield rises despite weaker-than-expected June payrolls growth
  + stars: | 2023-07-07 | by ( Hakyung Kim Samantha Subin Sophie Kiderlin | Hakyung Kim | Https | ) www.cnbc.com   time to read: +2 min
Treasury yields largely rose Friday, continuing the trend this week, as a slightly weaker-than-expected payrolls increase in June failed to dissuade traders from betting on more Federal Reserve rate hikes. The Labor Department reported on Friday that nonfarm payrolls rose by 209,000 in June and the unemployment rate was 3.6%. Payrolls rose by 306,000 in May, after revisions. However, there were parts of the jobs report that could give the Federal Reserve to resume hiking. Markets are widely expecting a rate increase to be announced then, but the picture is less clear for the remainder of the year.
Persons: Greg Wilensky, Janus Henderson, Jerome Powell Organizations: Treasury, Labor Department, Dow Jones, Federal Reserve, Janus, Janus Henderson Investors
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