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Stock market today: Wall Street turns mixed following good news on the economy

Good news on the U.S. economy may be no longer be good for Wall Street, and U.S. stock indexes are slipping Tuesday following better-than-expected reports on the job market and business activity. The S&P 500 swung to a dip of 0.
The article from MSN Money discusses the mixed performance of Wall Street following positive economic news. Despite the good news, the market showed varied responses with the S&P 500 slightly declining by 0.1%, the Dow Jones Industrial Average gaining 0.3%, and the Nasdaq composite dropping by 0.8%. This reaction came after reports indicated that the U.S. economy grew at a 1.4% annual rate in the first three months of the year, better than previously estimated, and consumer confidence remained strong. However, concerns about inflation and potential Federal Reserve actions on interest rates influenced investor sentiment. Additionally, specific company news affected stock prices; for instance, Tesla's stock fell after announcing price cuts in Europe, while American Express rose after reporting better-than-expected profits. The market's mixed signals reflect the ongoing tug-of-war between economic optimism and concerns over inflation and monetary policy.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/other/stock-market-today-wall-street-turns-mixed-following-good-news-on-the-economy/ar-AA1x4StA ]