Wall Street slipped slightly today after rising Thursday to snap its first three-day losing streak since Halloween, the Associated Press reports. Futures for the S&P 500 and the Dow Jones Industrial Average both dipped 0.1%. On Thursday, the S&P 500 climbed 0.8% to 4,585.59, the Dow Jones Industrial Average added 0.2% to 36,117.38, and the Nasdaq composite jumped 1.4% to 14,339.99.
In Wall Street trading, big Tech stocks have helped power the market higher, led by a 5.3% leap for Google’s parent company, Alphabet. Big tech stocks are Wall Street’s most influential stocks because of their massive size, and they have been on huge tears so far this year.
Another winner was JetBlue Airways, which climbed 15.2% after it said it may report better results for the final three months of the year than it earlier expected. It also slightly lowered the top end of its forecast for fuel costs during the end of 2023.
On the losing end of Wall Street, C3.ai tumbled 10.8% after reporting weaker revenue for the latest quarter than analysts expected.
Crude oil prices have been falling recently amid worries that global demand may fall short of available supplies, but they reversed their decline today. The price for a barrel of benchmark U.S. crude gained $1.61 to $70.95 per barrel. Brent crude, the international standard, gained $1.73 to $75.78 per barrel.
