US stocks mixed, Dow Jones and S&P 500 fall, Nasdaq remains positive

From Yahoo Finance: 2024-09-25 12:15:18

US stocks lost steam on Wednesday after hitting all-time highs, with the Dow Jones falling 0.6% and the S&P 500 slipping 0.1%. The Nasdaq remained positive. Concerns of a recession loom as consumer confidence weakens, sparking questions about the Fed’s next move. New home sales decreased in August due to high mortgage rates and prices, but mortgage applications surged. Thursday’s GDP report and Friday’s PCE index reading are eagerly awaited. Nvidia’s stock rose on bullish AI projections, while China’s stimulus package boosted stocks and commodities globally. New single-family home sales fell in August, but mortgage rates are declining. The S&P 500 and Dow opened higher on Wednesday post-all-time highs.



Read more at Yahoo Finance: Stocks mixed as investors keep watchful eye on economy