{"id":111998,"date":"2024-10-09T02:46:45","date_gmt":"2024-10-08T19:46:45","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=111998"},"modified":"2024-10-09T02:46:45","modified_gmt":"2024-10-08T19:46:45","slug":"stock-market-today-wall-street-rebounds-after-hong-kong-stocks-fall-to-worst-day-since-2008","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=111998","title":{"rendered":"Stock market today: Wall Street rebounds after Hong Kong stocks fall to worst day since 2008"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div>\n<p>NEW YORK (AP) \u2014 U.S. stocks are on the rebound Tuesday as falling oil prices release some of the pressure that built up on the market.<\/p>\n<p>The S&amp;P 500 was 0.9% higher in afternoon trading and clawing back nearly all of its <span class=\"LinkEnhancement\"><a class=\"Link AnClick-LinkEnhancement\" data-gtm-enhancement-style=\"LinkEnhancementA\" href=\"https:\/\/apnews.com\/article\/stocks-markets-rates-japan-oil-24925e5840a2491fbc1acc07543bc37d\">loss from the day before<\/a><\/span>. The Dow Jones Industrial Average was up 123 points, or 0.3%, and likewise nearing <span class=\"LinkEnhancement\"><a class=\"Link AnClick-LinkEnhancement\" data-gtm-enhancement-style=\"LinkEnhancementA\" href=\"https:\/\/apnews.com\/article\/stock-markets-rates-oil-iran-cb6a744bb4c16fe09d59091a60c66609\">its record<\/a><\/span> set last week, while the Nasdaq composite was leading the way with a 1.2% gain, as of 3 p.m. Eastern time.<\/p>\n<p>Wall Street held firm even though stock markets around the world sank following scary swings in China, as euphoria about possible stimulus for the world\u2019s second-largest economy <span class=\"LinkEnhancement\"><a class=\"Link AnClick-LinkEnhancement\" data-gtm-enhancement-style=\"LinkEnhancementA\" href=\"https:\/\/apnews.com\/article\/china-economy-monetary-fiscal-stimulus-85d066a30085549200cdff18984c343a\">gave way to disappointment<\/a><\/span>. Stocks tumbled 9.4% in Hong Kong for their worst day since the 2008 global financial crisis.<\/p>\n<p>Helping to support Wall Street was a sharp drawdown in oil prices. They gave back some of the big recent gains they made on worries that <span class=\"LinkEnhancement\"><a class=\"Link AnClick-LinkEnhancement\" data-gtm-enhancement-style=\"LinkEnhancementA\" href=\"https:\/\/apnews.com\/article\/israel-hezbollah-hamas-latest-mideast-7-october-2024-d3d272d83e70d420ba547dbd7e09ef52\">worsening tensions in the Middle East <\/a><\/span> could ultimately lead to <span class=\"LinkEnhancement\"><a class=\"Link AnClick-LinkEnhancement\" data-gtm-enhancement-style=\"LinkEnhancementA\" href=\"https:\/\/apnews.com\/article\/oil-iran-middle-east-gasoline-supply-demand-51e7de729e4419a52f3ac66dd5890945\">disruptions in the flow of oil<\/a><\/span>. <\/p>\n<div class=\"AudioEnhancement\" data-separate-event=\"audioModule\" data-separate-value=\"AP AUDIO: Stock market today: Wall Street rebounds after Hong Kong stocks fall to worst day since 2008\" data-module=\"\" data-gtm-region=\"AP AUDIO: Stock market today: Wall Street rebounds after Hong Kong stocks fall to worst day since 2008\" data-align-center=\"\">\n<p>    <a class=\"AnchorLink\" id=\"ap-audio-stock-market-today-wall-street-rebounds-after-hong-kong-stocks-fall-to-worst-day-since-2008\"\/><\/p>\n<p class=\"AudioEnhancement-description\">Stocks are rebounding in early trading. More from AP\u2019s Seth Sutel. <\/p>\n<\/div>\n<p>A barrel of Brent crude, the international standard, fell 4.6% to $77.18 for its first loss in a week and a half. A barrel of benchmark U.S. crude, meanwhile, eased 4.6% to $73.57.<\/p>\n<p>That also helped helped level off the pressure on the stock market from the bond market. Treasury yields were mixed, a day after they shot to their highest levels since the summer.<\/p>\n<p>The 10-year Treasury yield was holding steady at 4.03%, where it was late Monday. The two-year yield, which more closely tracks expectations for what the Federal Reserve will do with overnight interest rates, slipped to 3.97% from 3.99%, late Monday, though it\u2019s still near its highest level since August.<\/p>\n<p>When Treasurys are paying higher yields, investors generally become less willing to pay very high prices for stocks and other investments. And Treasury yields had been storming higher over the last week following a suite of reports showing the U.S. economy remains healthier than expected.<\/p>\n<p>Such reports, including one last week showing <span class=\"LinkEnhancement\"><a class=\"Link AnClick-LinkEnhancement\" data-gtm-enhancement-style=\"LinkEnhancementA\" href=\"https:\/\/apnews.com\/article\/jobs-hiring-federal-reserve-inflation-unemployment-economy-87447d5187b37bb0f5cf996e25bad808\">stronger hiring by U.S. employers <\/a><\/span> than forecast, raise hopes that the economy will avoid a recession. But they also force traders to ratchet back expectations for how much the Federal Reserve <span class=\"LinkEnhancement\"><a class=\"Link AnClick-LinkEnhancement\" data-gtm-enhancement-style=\"LinkEnhancementA\" href=\"https:\/\/apnews.com\/article\/interest-rates-inflation-prices-federal-reserve-economy-0283bc6f92e9f9920094b78d821df227\">will cut interest rates by<\/a><\/span>, now that it has widened its focus to include <span class=\"LinkEnhancement\"><a class=\"Link AnClick-LinkEnhancement\" data-gtm-enhancement-style=\"LinkEnhancementA\" href=\"https:\/\/apnews.com\/article\/interest-rates-inflation-prices-federal-reserve-economy-31e05db08464c58ce8a3f2db0270f2d3\">keeping the economy humming <\/a><\/span> instead of just <span class=\"LinkEnhancement\"><a class=\"Link AnClick-LinkEnhancement\" data-gtm-enhancement-style=\"LinkEnhancementA\" href=\"https:\/\/apnews.com\/article\/inflation-economy-prices-consumer-74e1a5c9bced40460e4079f62e980095\">fighting high inflation<\/a><\/span>.<\/p>\n<p>Traders have abandoned expectations for the Fed to cut its main interest rate by a larger-than-usual half of a percentage point at its next meeting, for example. Instead, they\u2019re largely betting on a traditional-sized cut of a quarter of a percentage point, according to data from CME Group. Some are even betting on a small possibility the Fed could keep its main rate steady in November. <\/p>\n<p>High Treasury yields put the most pressure on stocks seen as the most expensive, and that puts the spotlight on the Big Tech stocks that have led the market for most of the last few years. <\/p>\n<p>On Tuesday, all of the Big Tech stocks that have collectively come to be called the \u201cMagnificent Seven\u201d rose. Nvidia led the way with a gain of 4.1% and was the strongest single force lifting the S&amp;P 500. <\/p>\n<p>PepsiCo climbed 1.8% after <span class=\"LinkEnhancement\"><a class=\"Link AnClick-LinkEnhancement\" data-gtm-enhancement-style=\"LinkEnhancementA\" href=\"https:\/\/apnews.com\/article\/pepsi-fritolay-earnings-revenue-3bee1d96d70e0ac7546d63fdc5086d8e\">delivering stronger profit<\/a><\/span> for the latest quarter than analysts expected, though its revenue fell short. <\/p>\n<p>CEO Ramon Laguarta also said the company now expects a \u201clow single-digit\u201d increase in an important measure of revenue for the year after it had earlier forecast growth of about 4%. U.S. consumers continue to <span class=\"LinkEnhancement\"><a class=\"Link AnClick-LinkEnhancement\" data-gtm-enhancement-style=\"LinkEnhancementA\" href=\"https:\/\/apnews.com\/ee1a0d4f1a8e55d6fb08fbb4e5d854c3\">pull back<\/a><\/span> on buying snacks and drinks after years of price increases.<\/p>\n<p>On the losing end of Wall Street were oil-and-gas companies, which gave back some of their big recent gains driven by the jump in crude prices. Chevron fell 1.6% and was one of the main reasons the Dow lagged other indexes. <\/p>\n<p>In stock markets abroad, trading in mainland China reopened following a national holiday. Before, indexes in Shanghai and Shenzhen had surged on hopes for stimulus from the government and the central bank meant to prop up the economy\u2019s flagging growth.<\/p>\n<p>On Tuesday, China\u2019s economic planning agency outlined details of measures aimed at boosting the economy, but it refrained from major spending initiatives. That helped lead to the 9.4% drop for the Hang Seng index in Hong Kong. <\/p>\n<p>In Shanghai, where the market had been closed as Hong Kong ran higher over the last week, stocks rose 4.6% following their reopening.<\/p>\n<p>The disappointment in China had worldwide effects, knocking down stocks of companies in Europe, the United States and elsewhere that do lots of business in and around China. Estee Lauder fell 2.2%, for example, while Wynn Resorts lost 2.3%.<\/p>\n<h2>___<\/h2>\n<p>AP Business Writers Matt Ott, Elaine Kurtenbach and Zen Soo contributed. <\/p>\n<\/p><\/div>\n<p><script>\n  window.fbAsyncInit = function() {\n      FB.init({\n              appId : '870613919693099',\n          xfbml : true,\n          version : 'v2.9'\n      });\n  };\n  (function(d, s, id){\n     var js, fjs = d.getElementsByTagName(s)[0];\n     if (d.getElementById(id)) {return;}\n     js = d.createElement(s); js.id = id;\n     js.src = \"https:\/\/connect.facebook.net\/en_US\/sdk.js\";\n     fjs.parentNode.insertBefore(js, fjs);\n   }(document, 'script', 'facebook-jssdk'));\n<\/script><br \/>\n<br \/><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/apnews.com\/article\/stocks-markets-treasury-china-rates-c1c41b35ddbb4fd0bf93ee93df1f1a2c\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK (AP) \u2014 U.S. stocks are on the rebound Tuesday as falling oil prices release some of the pressure that built up on the market. The S&amp;P 500 was &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=111998\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-111998","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/111998","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=111998"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/111998\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=111998"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=111998"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=111998"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}