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NEW YORK (AP) — Stocks drifted to a mixed decorativeness aft flirting with grounds highs. The S&P 500 fell 0.3% Tuesday aft concisely rising supra its all-time high, which was acceptable a mates weeks ago. The Dow Jones Industrial Average added 0.1% to its ain record, and the Nasdaq composite fell 0.6%. The enactment was stronger successful the enslaved market, wherever Treasury yields sank pursuing a discouraging study connected however overmuch wealth U.S. retailers made successful December. That raised expectations that the Federal Reserve volition chopped involvement rates aboriginal this twelvemonth to boost the economy.
THIS IS A BREAKING NEWS UPDATE. AP’s earlier communicative follows below.
NEW YORK (AP) — Stocks are drifting adjacent records connected Wall Street Tuesday pursuing a mixed acceptable of nett reports from large U.S. companies, arsenic Hasbro jumps but Coca-Cola slips. Hopes are besides gathering that the Federal Reserve volition chopped involvement rates aboriginal this twelvemonth to boost the system pursuing a discouraging study connected the spot of U.S. shoppers.
The S&P 500 fell 0.1% aft flipping betwixt humble gains and losses earlier successful the day. At 1 point, it was sitting conscionable supra its all-time precocious acceptable a mates weeks ago. The Dow Jones Industrial Average was adding 120 points, oregon 0.3%, to its ain record, with a small little than an hr remaining successful trading, and the Nasdaq composite was 0.3% lower.
The enactment was stronger successful the enslaved market, wherever Treasury yields fell aft a study showed U.S. retailers made little wealth astatine the extremity of past twelvemonth than economists expected. Shoppers spent astir the aforesaid magnitude successful December arsenic they did successful November, little than the humble maturation that economists expected.
That could awesome a nonaccomplishment of momentum for wide spending by U.S. households, which is the main motor of the economy. It besides comes up of 2 much anticipated reports coming aboriginal successful the week. On Wednesday, the U.S. authorities volition springiness the latest monthly update connected the unemployment rate, portion a Friday study volition amusement however atrocious ostentation is for U.S. consumers.
Altogether, the information should assistance the Federal Reserve determine what to bash with involvement rates. The Fed has enactment its cuts to involvement rates connected hold, and too-hot ostentation could support it connected intermission for a agelong time. But a weakening of the occupation market, connected the different hand, could propulsion it to resume cuts much quickly.
One of the reasons the U.S. banal marketplace has remained adjacent to records is the anticipation that the Fed volition proceed cutting involvement rates aboriginal this year. Lower rates tin springiness the system a boost, though they tin besides worsen inflation.
Following Tuesday’s disappointing study connected income astatine U.S. retailers, traders upped bets that the Fed could chopped involvement rates 3 times oregon much this year, according to information from CME Group. Most inactive spot 2 cuts arsenic much likely.
The output connected the 10-year Treasury sank to 4.14% from 4.22% precocious Monday.
On Wall Street, mixed reactions to the latest nett reports from large U.S. companies helped to support the marketplace successful check.
Coca-Cola fell 1.5% aft its maturation successful gross for the latest 4th fell abbreviated of analysts’ expectations. It besides gave a forecast for an important underlying measurement of maturation this upcoming twelvemonth that was little than immoderate analysts expected .
S&P Global dropped 9.3% aft giving a forecast for nett successful the upcoming twelvemonth that fell abbreviated of analysts’ expectations. The institution celebrated for its banal indexes has been struggling precocious with worries that competitors powered by artificial-intelligence exertion whitethorn bargain customers for its information services. Its banal came into the time with a nonaccomplishment of 15% for the twelvemonth truthful far.
But Hasbro climbed 7.4% aft topping analysts’ expectations for nett and gross successful the latest quarter. The toymaker credited spot for its “Magic: The Gathering” crippled successful particular, and it announced a programme to nonstop up to $1 cardinal of currency to investors by buying backmost its ain stock.
DuPont roseate 4.4% aft the chemic elephantine reported amended results for the latest 4th than analysts expected. It besides gave a forecast for nett successful 2026 that topped analysts’ expectations.
Outside of net reports, Warner Bros. Discovery climbed 2.6% aft Paramount said it upped its connection to bargain the amusement company.
Paramount is expanding its connection of $30 per stock by 25 cents per stock for each 4th that its buyout has not closed past the extremity of this year. It’s to amusement however assured Paramount is that its woody would get an OK from regulators astatine the government. Paramount besides said it would wage $2.8 cardinal to assistance Warner Bros. Discovery get retired of its buyout woody with Netflix.
Paramount Skydance’s banal added 1.2%, portion Netflix roseate 1.4%.
In banal markets abroad, Japan’s Nikkei 225 rallied for a 2nd time connected expectations that a recently elected parliament volition assistance the country’s premier curate propulsion done taxation cuts and different moves to boost the system and markets. The Nikkei 225 roseate 2.3% to different record.
Gains for different Asian markets were much modest, portion indexes were mixed successful Europe.
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AP Business Writers Yuri Kageyama and Matt Ott contributed.
Copyright 2026 The Associated Press. All rights reserved. This worldly whitethorn not beryllium published, broadcast, rewritten oregon redistributed without permission.
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