Wall Street holds firmer after Tuesday's slide [Los Angeles Times (CA)]
S&P Global Inc. (SPGI)
Last s&p global inc. earnings: 4/28 07:10 am
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Source: Los Angeles Times
The Standard & Poor's 500 index rose 0.2% to recover a bit of its 1.1% slump from the day before. The Dow Jones industrial average added 0.3%, and the Nasdaq composite edged down by 0.1%. In the bond market, which has been the bigger focus for Wall Street recently, the moves were also more modest after the last month's charge higher for yields. Higher yields hurt stocks by making it more expensive for companies and households to borrow and by pulling some investors toward bonds and away from stocks. The increased calm returned to the market after reports on the economy Wednesday weren't as strong as Tuesday's. That can counterintuitively help Wall Street because it raises hopes that the Federal Reserve may keep cutting short-term interest rates. Wall Street loves lower rates, which can goose the economy and boost prices for investments. Fed Gov. Christopher Waller said in a speech Wednesday he still expects the central bank to deliver more easing of rates in 2025, pushing back
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SPGI
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- 10/25/24 - Beat
SPGI
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- 1/6/25 - Form 4
- 1/6/25 - Form 4
- 1/6/25 - Form 4
- SPGI's page on the SEC website