Stock market today: Wall Street holds relatively steady ahead of big tests coming later in the week
4 months, 1 week ago

Stock market today: Wall Street holds relatively steady ahead of big tests coming later in the week

Associated Press  

NEW YORK — U.S. stocks drifted through a quiet Monday to finish mixed, as markets around the world stabilized following a wild week of extreme swings. AP AUDIO: Stock market today: Wall Street holds relatively steady ahead of big tests coming later in the week AP business correspondent Seth Sutel reports a calmer atmosphere is starting the week on Wall Street. But other worries were also behind last week’s turbulence for markets, including concerns about a slowing U.S. economy. The Fed does not have an easy way to fix a weakening economy where inflation in worsening, a phenomenon called “stagflation.” The central bank could ease rates, which would give the U.S. economy an upward push but also threaten to worsen inflation. It and other Big Tech behemoths have been shaky recently and have been mostly declining the last month on worries their stocks shot too high in the Wall Street’s frenzy around artificial-intelligence technology.

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