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

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

//business-finance.news-articles.net/content/202 .. et-sinks-following-good-news-on-the-economy.html

Published in Business and Finance on Tuesday, January 7th 2025 at 15:41 GMT by MSN
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

Good news on the U.S. economy isn't always good for Wall Street, and the stock market is sinking Tuesday following better-than-expected reports on the job market and business activity. The S&P 500 swung to a loss 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 reactions with the S&P 500 and Dow Jones Industrial Average experiencing slight declines, while the Nasdaq managed a small gain. This comes after reports indicated that the U.S. economy grew at a robust 3.3% annual pace in the last quarter, surpassing expectations. However, concerns about inflation and potential Federal Reserve actions on interest rates continue to influence investor sentiment. Additionally, the article mentions that while some sectors like technology saw gains, others like energy stocks fell due to a drop in oil prices. The market's reaction reflects ongoing uncertainty about future economic policies and the balance between growth and inflation control.

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-AA1x4UDF ]

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