* MSCI world equity index down 0.25% * Dollar slips as Jackson Hole meeting gets underway. * U.S. factory sector contracts for first time in a decade -IHS Markit. By Saqib Iqbal Ahmed.
U.S. stocks struggled for direction on Thursday as Boeing's (BA) rally pulled the Dow back into positive territory. Investors stayed focused on the Federal Reserve's annual symposium in Jackson Hole, Wyo., where investors are hoping Fed Chairman Jerome Powell on Friday will confirm expectations for a September rate cut. The S&P 500 was down less than 0.1% to finish near 2,923. The Dow Jones Industrial Average advanced 51 points, or 0.2%, to end around 26,254, based on preliminary...
The benchmark S&P 500 ended little changed on Thursday as a fall in U.S. jobless claims offset data showing a contraction in U.S. manufacturing activity while investors awaited Federal Reserve Chair Jerome Powell's speech on Friday for clues on the central bank's monetary policy.
* MSCI world equity index modestly lower. * Dollar slips as Jackson Hole meeting gets underway. * U.S. factory sector contracts for first time in a decade -IHS Markit. By Saqib Iqbal Ahmed.
The S&P 500 flipped between small gains and losses Thursday after weaker-than-expected manufacturing data raised fresh worries over the health of the economy. The broad index ticked down 0.1%, as declines in material stocks offset gains in financial shares. The Dow Jones Industrial Average climbed 58 points, or 0.2%, while the Nasdaq Composite slid 0.3%.
The S&P 500 flipped between small gains and losses Thursday after weaker-than-expected manufacturing data raised fresh worries over the health of the economy. The broad index ticked up 0.1%, as declines in material stocks offset gains in financial shares. The Dow Jones Industrial Average climbed 98 points, or 0.4%, while the Nasdaq Composite slid 0.2%.
* Fed's Harker does not see case for additional stimulus. * U.S. factory sector contracts in August. * Nordstrom (JWN) jumps after profit beat. * Dow up 0.17%, S&P down 0.16%, Nasdaq falls 0.49% By Akanksha Rana.
The U.S. Federal Reserve wanted to do two things when it cut rates for the first time in a decade last month: Support the economy and spark inflation expectations. From the market's point of view, neither prospect is looking great.
U.S. stocks flipped between small gains and losses Thursday after weaker-than-expected manufacturing data raised fresh worries over the health of the economy. The Dow Jones Industrial Average rose 60 points, or 0.3%. The S&P 500 lost 0.1%, as declines in material stocks offset gains in financial shares.
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