Wall Street Mixed Amid Weak Manufacturing Data and Economic Concerns
TL;DR Summary
The Dow Jones Industrial Average fell over 100 points due to weak manufacturing data, while the S&P 500 and Nasdaq Composite saw modest gains. GameStop shares surged 21% amid meme stock activity. Nvidia's stock rose nearly 5% after announcing new AI chips. Microsoft announced layoffs in its mixed reality division. Additionally, Moderna and Merck reported positive results for their experimental skin cancer vaccine, and Paramount and Skydance agreed to merger terms valued at $8 billion.
- CNBC Daily Open: Dow drops on weak manufacturing data, GameStop soars CNBC
- Stocks pare losses after sliding on worries about the economy’s health CNN
- Wall Street ends slightly higher after soft manufacturing data, NYSE glitches Reuters
- Stock market today: Wall Street drifts to mixed finish after the latest signal of a slowing economy The Associated Press
- S&P 500 Edges Higher; Energy Stocks Falter - WSJ The Wall Street Journal
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