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Wall Street drifts as it hits lull following big rally
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....all Street drifts as it hits lull following big rally<BR>PTI News<BR>Dated:- 24-9-2025<BR>PTI<BR>New York, Sep 24 (AP) US stocks are drifting on Wednesday as Wall Street takes a pause from what seemed like a relentless rally. The S&P 500 edged up by 0.1 per cent in early trading, coming off its first loss in four days. The Dow Jones Industrial Average was up 152 points, or 0.3 per cent, as of 9:....
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....35 am Eastern time, and the Nasdaq composite was 0.1 per cent higher. All three are near their all-time highs, which were set on Monday. The US stock market has been on a blistering run since hitting a low in April, fuelled by hopes that President Donald Trump's tariffs won't derail global trade and that the Federal Reserve will cut interest rates several times to boost the US economy. The big....
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.... rally, though, has raised concerns that stock prices have shot too high and become too expensive, particularly if the Fed does not deliver as many cuts to rates as traders expect. Moves on Wall Street Wednesday were again modest, and the market is in a relative lull with few reports on the economy or on corporate profits to drive trading. Cintas fell 1.8 per cent despite reporting slightly be....
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....tter profit and revenue for the latest quarter than analysts expected. The company provides work uniforms, restroom supplies and other products to its customers. Lithium Americas soared 87.6 per cent following reports that the US government is considering taking an ownership stake in the Canadian company that's developing a lithium project in Nevada with General Motors. Lithium Americas, which....
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.... is based in Vancouver, said it's in talks with the US Department of Energy and GM about drawing on a previously announced USD 2.26 billion loan from the government. The Energy Department is making “incremental requests” to add more conditions before Lithium Americas can make its first draw, among other things, the company said. Under Trump, the US government has already taken a 10 per cent ....
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....ownership stake in Intel, the struggling computer chip company. In stock markets abroad, indexes were mixed in Europe and Asia. Hong Kong's Hang Seng jumped 1.4 per cent, and France's CAC 40 fell 0.6 per cent for two of the bigger moves. In the bond market, the yield on the 10-year Treasury edged up to 4.13 per cent from 4.12 per cent late Tuesday. (AP) GRS GRS<BR> News - Press release - PIB....