S&P 500 has longest losing streak for over a month as Wall Street stumbles to third straight loss
Wall Street has faltered to a third consecutive loss on Thursday, as American stocks have returned more great gains for this year so far.
S&P 500 decreased by 0.5 % and was distinguished by the longest loss in more than a month. The Dow Jones industrial rate decreased 173 points, or 0.4 %, and the boat drowns on the Nasdaq Stock Exchange 0.5 %. The three indexes are still near their specified records at the beginning of the week.
The stocks felt pressure from reports that show that the American economy may be stronger than economists. While this is a fan of workers and for people looking for jobs, it may make the federal reserve less likely to reduce interest rates several times in the coming months.
The Federal Reserve delivered its first pieces last year, and officials were refined at the end of next year. This was very important for Wall Street after American stocks were photographed to records since April to a large extent due to price discount expectations. The easiest prices can enhance the economy and make investors more ready to pay high prices for shares and other investments.
But the stronger economy is expected to remove some of the federal reserves, especially because the price cuts bear the risk of already high inflation. If the Federal Reserve does not reduce prices as investors expect, cash will enable the US stock market very expensive after high, so quickly.
Jonathan Krensky, chief market technician at BTIG, warned Jonathan Kerski, chief financial service technician.
“It seems that the stocks appear to be the most vulnerable since its lowest levels in April, given the amount of satisfaction with contentment and how the rubber band was” extended as it is as in some parts of the market, “Krinsky wrote in a research report.
The final hope of Wall Street is that the American economy remains in an accurate balance, as it is slow enough to persuade the Federal Reserve to reduce prices, but it does not become so weak that it leads to stagnation.
Treasury revenues higher in the bond market, as traders have reduced the bets of the number of discounts coming to prices by the Federal Reserve. The return on the cabinet increased for 10 years to 4.17 % from 4.16 % late on Wednesday.
One of the strongest economic reports expected on Thursday said that a lesser number of American workers had applied for unemployment benefits last week. This may be an indication that the pace of workers’ layoffs slow down.
Another report said that the American economy grew at a faster pace during the spring, which was believed earlier, while third orders detonated economists’ expectations last month of the goods that were manufactured in the United States at a relatively long life.
In Wall Street, Carmax fell 20.1 % after the used car seller reported a weaker profit for the last quarter of what analysts expected. She sold fewer vehicles during the quarter of what they were a year ago. It was also damaged because it increased its expectations for losses from the loans that were provided in previous years.
Jababa decreased by 6.7 % although it was reported stronger for the last quarter of what analysts expected, thanks in part to demand due to artificial intelligence. It also gave forecasts for the upcoming revenue and profit that topped analysts’ expectations.
Such movements usually send the share price to the top, but Gabel came a day with a huge increase of 56.6 % for this year so far. It was more than the profitability of the S&P 500 at the same time.
Another winner of artificial intelligence, orcals, restored 5.6 %. Earlier this month, it rose to its best day since 1992 after announcing many large contracts signed due to artificial intelligence.
Starbucks decreased by 0.5 % after the coffee chain announced a billion dollar plan for restructuring, including the closure of stores and the reduction of 900 jobs that are not available.
On the winning side of Wall Street was IBM. It increased by 5.2 % after HSBC announced a promising experience with IBM of quantum computing in the hope of improving bond trading. The bank said that they achieved an improvement of up to 34 % in predicting the possibility of commercialism at an adapted price.
Companies are racing to develop quantum computing to solve complex problems outside the range of classic computers.
KB Home was swinging between gains and losses after Builderder recorded a stronger profit for the last quarter of what analysts expected. CEO Jeffrey Mezagar said he was encouraged to see mortgage rates to a quarter, which could encourage more potential customers to buy homes.
Mortgage rates have been sank on the expectations of the coming discounts to the prices by the Federal Reserve. KB Home ended today with a decline of 0.6 %.
Finally, the S&P 500 33.25 points decreased to 6,604.72. Dow Jones 173.96 to 45,947.32, and Nasdaq Composite Composite 113.16 to 22,384.70.
In stock markets abroad, indexes in Europe fell after modest moves across Asia.
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The AP Matt Ott and Teresa Cerojano book contributed.
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2025-09-25 22:07:00
