U.S. markets closed mostly flat Friday, capping a third winning week out of four.
Wall Street closed the week with little fanfare on Friday, ending its third winning week in the last four. The S&P 500 inched down by less than 0.1% after reaching an all-time high on Thursday. The Dow Jones Industrial Average shed 142 points, or 0.3%, while the Nasdaq composite rose slightly to post its own record.
Railway stocks drew attention as Norfolk Southern jumped 2.5% following reports it’s in merger talks with Union Pacific to form North America's largest railroad. However, Union Pacific fell 1.2% amid concerns about regulatory hurdles.
Netflix was among the biggest drags, sliding 5.1% despite beating profit expectations. Analysts attributed the drop to its already strong year-to-date gains. American Express also fell 2.3% after reporting slowing growth in new card issuances, despite beating forecasts. Exxon Mobil lost 3.5% after a Paris arbitration ruling allowed Chevron’s $53 billion deal to acquire Hess to proceed. Chevron ended down 0.9%.
On the positive side, strong quarterly results lifted several financial stocks. Regions Financial surged 6.1%, Comerica rose 4.6%, and Charles Schwab gained 2.9%.
By the closing bell, the S&P 500 had dipped 0.57 points to 6,296.79. The Dow dropped 142.30 to 44,342.19, while the Nasdaq added 10.01 to finish at 20,895.66.
Bond yields eased slightly as U.S. consumer inflation expectations fell. A University of Michigan survey showed Americans now expect 4.4% inflation over the next year, down from last month’s 5%.
The European Parliament has delayed until next week a decision on whether to resume work on the EU–U.S. trade deal....
Hundreds of torchbearers filled the streets of Lerwick as Up Helly Aa lit the Shetland night....
Minnesota’s chief federal judge has ordered acting ICE director Todd Lyons to appear in court on Friday (30 January), saying the Trump administratio...
U.S. President Donald Trump has warned that Washington would withdraw its support for Iraq if former prime minister Nouri al-Maliki is returned to pow...
Recep Tayyip Erdoğan, Bola Ahmed Tinubu to hold bilateral talks, attend signing ceremony, joint press conference....
Wall Street closed sharply lower on Tuesday as global markets fell after U.S. President Donald Trump’s new tariff threats against Europe unsettled investors and revived fears of renewed volatility.
Wall Street closed higher on Tuesday, boosted by optimism over artificial intelligence (AI) and a strong rally in Moderna shares, with the Dow Jones Industrial Average approaching a record high.
U.S. stock markets closed lower at the end of the week, as investors continued to rotate out of technology shares, putting pressure on major indices.
U.S. stock markets ended higher on Friday, following largely in-line inflation figures, although indices recorded losses over the week.
Minnesota Governor Tim Walz has activated the state’s National Guard following the fatal shooting of a U.S. citizen in Minneapolis, an incident that has triggered protests and intensified tensions between state and federal authorities.
Iran’s Foreign Ministry has strongly rejected a U.S. magazine report on the death toll during January unrest. Nationwide protests erupted in response to soaring inflation and a national currency crisis.
A mosaic portrait of Pope Leo XIV was illuminated on Sunday at the Basilica of St. Paul Outside the Walls in Rome, continuing a centuries-old Vatican tradition marking the election of a new pope.
The death toll from nationwide protests in Iran has climbed to 6,126, according to the U.S.-based Human Rights Activists News Agency (HRANA).
Serbian President Aleksandar Vučić, often viewed as a bellwether for the complex diplomatic currents between the Kremlin and the West, has issued a startling prediction regarding the endgame of the war in Ukraine.
The S&P 500 edged to a record closing high on Tuesday, marking its fifth consecutive day of gains, as strong advances in technology stocks offset a sharp selloff in healthcare shares and a mixed batch of corporate earnings.
Chevron is in talks with Iraq’s oil ministry over potential changes to the commercial framework governing the West Qurna 2 oilfield, one of the world’s largest producing assets, after Baghdad nationalised the field earlier this month following U.S. sanctions imposed on Russia’s Lukoil.
Argentina's economic activity shrunk 0.3% in November compared with the same month last year, marking the first monthly contraction of 2025, data from Argentina's national statistics agency showed on Wednesday.
Wall Street closed sharply lower on Tuesday as global markets fell after U.S. President Donald Trump’s new tariff threats against Europe unsettled investors and revived fears of renewed volatility.
Global markets are rattled after U.S. President Donald Trump threatened new tariffs on eight European countries over Greenland, sending the euro to a seven-week low and raising concerns about renewed transatlantic trade tensions.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment