Stock market today: Dow, S&P 500 give up gains
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The U.S. stock market remained calm, even as the price of oil got back to rising
Most U.S. stocks fell, but the market remained calm, even as the price of oil got back to rising. The S&P 500 slipped 0.1% Wednesday for a second day of modest moves following what had been a wild stretch caused by the war with Iran.
Major averages fell Monday on renewed AI disruption concerns. President Donald Trump's threat to hike global tariffs to 15% and tensions between the U.S. and Iran also kept traders on edge. A global 10% U.S. tariff took effect Tuesday. The three major averages finished higher on Tuesday.
Former Starbucks CEO Howard Schultz summed it up succinctly: “Managing and navigating through a financial crisis is no fun at all.” It's hard to argue with that one. In the U.S., the three most widely followed stock benchmarks are the Dow Jones ...
Oil shot to its highest price since 2023 after surging again because of the Iran war, and a weak update on the U.S. job market knocked stocks lower to cap Wall Street’s worst week since October.
Along with energy stocks, shares of AI-related and chip names were also helping limit losses in the broader market on Wednesday. Shares of Oracle Corp. were popping nearly 11% after the software company's third-quarter earnings report showed above-consensus revenue and earnings.