What you need to know today
Losing steam
Wall Street showed signs of losing steam Tuesday after a blistering rally last month, as two of its three main indexes ended lower for the second day. The Dow Jones Industrial Average closed 0.22% lower, while the S&P 500 inched down 0.06% by the closing bell. The Nasdaq Composite added 0.31% as technology shares led gains. Europe's Stoxx 600 index closed 0.4% higher.
The most valuable Apple
Apple's market capitalization climbed back above $3 trillion for the first time since August. The iPhone maker climbed 2% to $193.42 per share on Tuesday and remains the most valuable publicly traded U.S. company. It officially surpassed the $3 trillion mark for the first time in June, and briefly touched the level on an intraday basis in December 2022. The company's stock price has risen over 48% so far this year.
X.AI
Elon Musk's artificial intelligence startup X.AI has filed with the SEC to raise up to $1 billion in an equity offering. It has so far raised nearly $135 million from four investors, with the first sale occurring on Nov. 29.
Goldilocks' porridge
Job openings, a barometer of employer demand for workers, fell by 617,000 to 8.7 million in October, the lowest since March 2021, the U.S. Department of Labor reported Tuesday in a survey. Economists said the U.S. economy is now inching closer to a so-called "soft landing" after recent batches of better-than-expected data.
Bitcoin
Bitcoin topped $44,000 for the first time since April 2022 on Tuesday. The price of the world's biggest cryptocurrency was last higher by more than 4% to $43,794.99, according to Coin Metrics, extending gains from the previous day. The digital coin is now up more than 160% for the year. $S&P 500 Index(.SPX.US$ $Dow Jones Industrial Average(.DJI.US$ $Nasdaq Composite Index(.IXIC.US$ $Apple(AAPL.US$
Wall Street showed signs of losing steam Tuesday after a blistering rally last month, as two of its three main indexes ended lower for the second day. The Dow Jones Industrial Average closed 0.22% lower, while the S&P 500 inched down 0.06% by the closing bell. The Nasdaq Composite added 0.31% as technology shares led gains. Europe's Stoxx 600 index closed 0.4% higher.
The most valuable Apple
Apple's market capitalization climbed back above $3 trillion for the first time since August. The iPhone maker climbed 2% to $193.42 per share on Tuesday and remains the most valuable publicly traded U.S. company. It officially surpassed the $3 trillion mark for the first time in June, and briefly touched the level on an intraday basis in December 2022. The company's stock price has risen over 48% so far this year.
X.AI
Elon Musk's artificial intelligence startup X.AI has filed with the SEC to raise up to $1 billion in an equity offering. It has so far raised nearly $135 million from four investors, with the first sale occurring on Nov. 29.
Goldilocks' porridge
Job openings, a barometer of employer demand for workers, fell by 617,000 to 8.7 million in October, the lowest since March 2021, the U.S. Department of Labor reported Tuesday in a survey. Economists said the U.S. economy is now inching closer to a so-called "soft landing" after recent batches of better-than-expected data.
Bitcoin
Bitcoin topped $44,000 for the first time since April 2022 on Tuesday. The price of the world's biggest cryptocurrency was last higher by more than 4% to $43,794.99, according to Coin Metrics, extending gains from the previous day. The digital coin is now up more than 160% for the year. $S&P 500 Index(.SPX.US$ $Dow Jones Industrial Average(.DJI.US$ $Nasdaq Composite Index(.IXIC.US$ $Apple(AAPL.US$
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