US STOCKS-Dow up, set to extend hot streak on investor rate-cut hopes

Reuters05-09

* Dow eyes 6th straight win; best since 9-session stretch in Dec * Uber falls on weak Q2 gross bookings forecast * Intel down after Q2 revenue warning * Indexes: S&P 500 down 0.05%, ...

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May 8  - The Dow Jones Industrial Average tracked higher on Wednesday, on course for its sixth straight session of gains as investors kept betting on supportive U.S. monetary policy.The other Wall Street benchmarks cooled a touch as momentum stalled and U.S. Treasury yields rose after the latest 10-year notes auction.The benchmark S&P 500 was set to snap a four-session winning run, pressured by sliding shares of. The ride-hailing platform's shares shed 8.7%, the S&P 500's biggest decliner, after it forecast second-quarter gross bookings would not meet expectations.Tesla fell 1.9% after Reuters reported U.S. prosecutors were examining whether the company committed securities or wire fraud by misleading investors and consumers about its electric vehicles' self-driving capabilities.\"We've had a lot of data that has come in soft, unexpectedly, and that's fueled a bit of fire towards potentially a September rate cut,\" said Alex","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4535":"淡马锡持仓","IE00B7SZLL34.SGD":"Legg Mason ClearBridge - Value A Acc SGD-H","SG9999015952.SGD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (SGD) ACC","UBER":"优步","IVV":"标普500指数ETF","INTC":"英特尔","GB00BDT5M118.USD":"天利环球扩展Alpha基金A Acc","LU0082616367.USD":"摩根大通美国科技A（dist）","IE00B19Z3B42.SGD":"Legg Mason ClearBridge - Value A Acc SGD","LU0353189680.USD":"富国美国全盘成长基金Cl A Acc","LU0321505868.SGD":"Schroder ISF Global Dividend Maximiser A Dis SGD","LU0321505439.SGD":"Schroder ISF Global Dividend Maximiser A Acc SGD","SSO":"两倍做多标普500ETF","SDS":"两倍做空标普500ETF","LU0353189763.USD":"ALLSPRING  US ALL CAP GROWTH FUND \"I\" (USD) ACC","SH":"标普500反向ETF","VOO":"Vanguard标普500ETF",".SPX":"S&P 500 Index","OEX":"标普100","OEF":"标普100指数ETF-iShares","SG9999015978.USD":"利安颠覆性创新基金A","LU1814569148.SGD":"WELLINGTON GLOBAL QUALITY GROWTH \"D\" (SGDHDG) ACC","SG9999018857.SGD":"United Global Quality Growth Fd Cl Acc SGD-H","BK4554":"元宇宙及AR概念","SPXU":"三倍做空标普500ETF","IE0002270589.USD":"LEGG MASON CLEARBRIDGE VALUE \"A\" (USD) INC","SGXZ31699556.SGD":"UGDP UNITED GLOBAL QUALITY GROWTH \"C\" (SGDHDG) ACC","BK4534":"瑞士信贷持仓","COMP":"Compass, Inc.","BK4533":"AQR资本管理(全球第二大对冲基金)","SPY":"标普500ETF","UPRO":"三倍做多标普500ETF","SG9999014880.SGD":"大华全球优质成长基金Acc SGD","BK4536":"外卖概念"},"translate_title":"美国股市——道琼斯指数上涨，投资者降息希望延续火爆势头","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"UBER":0.9,"US10Y.BOND":0.9,"US12M.BOND":0.9,"US2Y.BOND":0.9,"COMP":0.9,"US30Y.BOND":0.9,"US3Y.BOND":0.9,"US5Y.BOND":0.9,"US6M.BOND":0.9,"US7Y.BOND":0.9,"VOO":0.86,"SPY":0.86,"INTC":0.86,"US912797FH58.BOND":0.6,"US912797FS14.BOND":0.6,"US912797GB79.BOND":0.6,"US912797GK78.BOND":0.6,"US912797GL51.BOND":0.6,"US912797GW17.BOND":0.6,"US912797HE00.BOND":0.6,"UPRO":0.6,"US912797HH31.BOND":0.6,"SSO":0.6,"SPXU":0.6,"SH":0.6,"ESmain":0.6,"IVV":0.6,"OEF":0.6,"OEX":0.6,"SDS":0.6,".SPX":0.6},"content_text":"* \n Dow eyes 6th straight win; best since 9-session stretch in Dec \n * \n Uber falls on weak Q2 gross bookings forecast \n * \n Intel down after Q2 revenue warning \n * \n Indexes: S&P 500 down 0.05%, Nasdaq off 0.24%, Dow up 0.3% \n (Updated to 1800 GMT/1400 Eastern time) \n By Shristi Achar A and David French \n May 8 (Reuters) - The Dow Jones Industrial Average tracked higher on Wednesday, on course for its sixth straight session of gains as investors kept betting on supportive U.S. monetary policy. \n The other Wall Street benchmarks cooled a touch as momentum stalled and U.S. Treasury yields rose after the latest 10-year notes auction. \n The benchmark S&P 500 was set to snap a four-session winning run, pressured by sliding shares of \n Uber which posted a surprise quarterly loss and issued a downbeat forecast. \n The ride-hailing platform's shares shed 8.7%, the S&P 500's biggest decliner, after it forecast second-quarter gross bookings would not meet expectations. \n Tesla fell 1.9% after Reuters reported U.S. prosecutors were examining whether the company committed securities or wire fraud by misleading investors and consumers about its electric vehicles' self-driving capabilities. \n Other megacap stocks such as Nvidia, Amazon and Alphabet slipped as the 10-year Treasury yield edged up. \n Rising yields dampened optimism spurred by a positive earnings season and softer-than-expected labor market data that had tempered concerns about the Federal Reserve keeping interest rates higher for longer. \n \"We've had a lot of data that has come in soft, unexpectedly, and that's fueled a bit of fire towards potentially a September rate cut,\" said Alex McGrath, chief investment officer for NorthEnd Private Wealth. \n \"The bigger question becomes what the Fed is going to do when the macro data starts to deteriorate and inflation is not back to the target. Do they stick to their guns or do they ride to the rescue and start cutting rates? That's kind of the pickle we're looking at going into the summer months.\" \n With earnings season nearing an end and only a few economic data reports expected this week, investors are awaiting next week's consumer prices data to gauge if inflation is cooling. \n Traders are currently pricing in a 67% chance of the Fed cutting rates by at least 25 basis points in September, according to the CMEGroup's Fedwatch tool, up from about 54% a week ago. \n Investors took in additional comments from Fed speakers after the U.S. central bank's policy meeting last week. \n Boston President Susan Collins \n said \n the current setting of monetary policy will slow the economy in the way she believes will be necessary to get inflation back to the Fed's 2% target. \n Fed Governor Lisa Cook did not comment on monetary policy but \n said \n U.S. households, banks and firms are largely in solid financial shape, with strong enough buffers to absorb potential shocks. \n Vice Chair Philip Jefferson was also due up later in the day. \n At 02:00 p.m. EDT, the S&P 500 lost 2.36 points, or 0.05%, to 5,185.34 points, while the Nasdaq Composite lost 38.24 points, or 0.24%, to 16,293.65. The Dow Jones Industrial Average rose 116.60 points, or 0.30%, to 39,000.86. \n The majority of S&P sectors were trading down, with real estate and consumer discretionary among the biggest decliners. \n Intel fell 2.7% after warning of a sales hit from the U.S. revoking some of the chipmaker's export licenses for China. \n Tripadvisor tumbled 29% after the online travel agency ruled out a possible sale at this time and posted a surprise quarterly loss. \n Uber rival Lyft climbed 5.5% after projecting higher-than-expected gross bookings and a core profit for the current quarter. (Reporting by Sruthi Shankar and Shristi Achar A in Bengaluru and David French in New York; Editing by Shinjini Ganguli, Devika Syamnath and David Gregorio)","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2434776237"}