{"id":194124,"date":"2025-02-14T08:00:00","date_gmt":"2025-02-14T00:00:00","guid":{"rendered":"https:\/\/www.mediaintel.asia\/?p=931369"},"modified":"2025-02-14T08:00:00","modified_gmt":"2025-02-14T00:00:00","slug":"stock-market-today-wall-street-falls-short-of-a-record-2","status":"publish","type":"post","link":"https:\/\/www.chinalegalblog.com\/en\/2025\/02\/14\/stock-market-today-wall-street-falls-short-of-a-record-2\/","title":{"rendered":"Stock market today: Wall Street falls short of a record"},"content":{"rendered":"
\"MediaIntel.Asia\"<\/a><\/div>\n

NEW YORK (AP) \u2014 Wall Street fell short of a record following mixed profit reports from big companies. The S&P 500 ended essentially flat Friday, a day after rallying within 0.1% of its all-time high set last month. The Dow Jones Industrial Average dipped 0.4%, and the Nasdaq composite added 0.4%. Airbnb rallied after reporting stronger profit than analysts expected, while Applied Materials fell after giving a forecast for upcoming revenue that fell short of some estimates. Treasury yields eased after a report said sales at U.S. retailers weakened sharply last month.
\nTHIS IS A BREAKING NEWS UPDATE. AP\u2019s earlier story follows below.
\nNEW YORK (AP) \u2014 Wall Street is flirting with a record Friday, as U.S. stock indexes drift following mixed profit reports from big companies.
\nThe S&P 500 was edging higher by 2 points, or less than 0.1%, in late trading, a day after rallying within 0.1% of its all-time high set last month. It\u2019s sitting at 6,117, just below its record closing level of 6,118.71.
\nThe Dow Jones Industrial Average was down 137 points, or 0.3%, with less than an hour remaining in trading, while the Nasdaq composite was 0.3% higher.
\nU.S. stocks have been climbing toward a record thanks to recent reports showing companies are making even bigger profits than analysts expected. They've helped the market power through a range of worries centered on higher interest rates and stubborn inflation.
\nAirbnb charged 13.3% higher after reporting stronger profit for the latest quarter than analysts expected as customers booked more nights on its platform. Wynn Resorts jumped 9.3% after likewise topping earnings expectations, driven in part by strength for its Las Vegas locations.
\nThey helped offset a 7.5% drop for Applied Materials. The company, whose products help make semiconductor chips, displays and other tech, also reported stronger profit for the latest quarter than analysts expected. But it gave a forecasted range for upcoming revenue whose midpoint fell short of Wall Street\u2019s expectations.
\nIn the bond market, Treasury yields fell after a report said sales at U.S. retailers weakened by much more last month than economists expected. Bad weather, including bitingly cold temperatures in the South and devastating wildfires in California, may have helped keep shoppers away from stores and auto dealerships.
\nThe hope among investors has been for such economic data to remain at a Goldilocks level, where it\u2019s not so weak that it raises worries about a downturn but not so strong that it creates upward pressure on inflation.
\nThis past week hit Wall Street with a couple disappointing reports that showed inflation unexpectedly accelerated last month. Besides squeezing tighter on U.S. households\u2019 budgets, such stubbornly high inflation is likely to keep the Federal Reserve on hold for a while when it comes to providing relief through lower interest rates.
\nInflation may feel more upward pressure coming from tariffs that President Donald Trump has announced recently. So far, though, the U.S. stock market has taken such threats in stride. The belief is that Trump is using tariffs as a tool for negotiation, and he may ultimately avoid moves that would trigger a punishing global trade war in order to prevent damage to the U.S. stock market and economy.
\nHis most recent tariff announcement, for example, won't take full effect for at least several weeks. That leaves time for Washington and other countries to negotiate and hopefully lessen the ultimate shock to global trade.
\n\u201cTariffs on Chinese goods have gone into effect,\u201d said Brian Jacobsen, chief economist at Annex Wealth Management. \u201cAll of the other things that have been discussed \u2014 reciprocal tariffs, steel and aluminum tariffs, and tariffs on Canada and Mexico \u2014 haven\u2019t actually gone into effect, yet. That opens the door the negotiations.\u201d
\nThe market's remarkable equanimity, of course, could be dangerous if things don\u2019t go according to Wall Street\u2019s expectations, or if it emboldens Trump to make even forceful moves.
\nIn the bond market, the yield on the 10-year Treasury fell to 4.47% from 4.54% late Thursday. It's been swinging sharply since the Federal Reserve began cutting its main interest rate sharply from September intending to make borrowing cheaper, help the economy and boost prices for stocks, bonds and other investments.
\nThe 10-year yield has been mostly climbing since then, in the opposite direction the Fed has taken short-term rates, as the U.S. economy has remained remarkably solid and as worries built about tariffs, increasing deficits and other potential policies coming from the Trump White House that could goose inflation along with economic growth.
\nThe Fed warned at the end of 2024 it may not cut rates by as much in 2025 because of worries about inflation staying stubbornly high. Its goal is to keep inflation at 2%, and lower rates can give inflation more fuel.
\nIn stock markets abroad, indexes were mixed across Europe and Asia.
\nHong Kong\u2019s Hang Seng surged 3.7% for one of the biggest moves. Technology stocks were particularly strong, including big rallies for video games firm Tencent, smartphone maker Xiaomi and e-commerce firm Alibaba.
\n___ AP Writers Matt Ott and Zen Soo contributed.
\nStan Choe, The Associated Press<\/p>\n

This data comes from MediaIntel.Asia's Media Intelligence and Media Monitoring Platform<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

NEW YORK (AP) \u2014 Wall Street fell short of a record following mixed profit reports from big companies. The S&P 500 ended essentially flat Friday, a day after rallying within 0.1% of its all-time high set last month. The Dow Jones Industrial Averag…<\/p>\n","protected":false},"author":253,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[46,639,692,49,586,785,194,493,133,1284,1542,55,1332],"tags":[4721,3472,3544,3942,10315,2486,7327,6811,3479,10351,10336,10330,4765],"class_list":["post-194124","post","type-post","status-publish","format-standard","hentry","category-alibaba","category-california","category-canada","category-e-commerce","category-economy","category-new-york","category-news-chinese-law","category-online-shopping","category-smartphone","category-stock-market","category-technology","category-tencent","category-white-house","tag-casino","tag-chinese","tag-donald-trump","tag-europe","tag-media-intelligence","tag-mexico","tag-revenue","tag-semiconductor","tag-stocks","tag-war","tag-washington","tag-weather","tag-xiaomi"],"_links":{"self":[{"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/posts\/194124"}],"collection":[{"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/users\/253"}],"replies":[{"embeddable":true,"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/comments?post=194124"}],"version-history":[{"count":1,"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/posts\/194124\/revisions"}],"predecessor-version":[{"id":194125,"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/posts\/194124\/revisions\/194125"}],"wp:attachment":[{"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/media?parent=194124"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/categories?post=194124"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.chinalegalblog.com\/en\/wp-json\/wp\/v2\/tags?post=194124"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}