Stock market today: S&P 500 backs away from record as Fed cheer fizzles
The S&P 500 ( ^GSPC) fell roughly 0.1% after the benchmark index ended at an all-time high. The Dow Jones Industrial Average ( ^DJI) climbed slightly higher on the heels of notching its own record close. Leading the way lower, the tech-heavy Nasdaq Composite ( ^IXIC) dropped 0.2%.
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Stocks looked set to tick lower on Friday, with S&P 500 and Dow futures pointing to both gauges edging away from the record levels they'd set in the previous trading session.
Friday's big stock-market loser was FedEx Corp., with shares of the package-shipping company down 14% in recent trade, according to Dow Jones Market Data. What triggered such a precipitous drop? FedEx ...
Additional Fed rate cuts will boost confidence in one overlooked area of the market, a Goldman Sachs portfolio manager said.
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Stocks hold up better in September and October when conditions are right: Two stocks that look attractive in this environment ...
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