SwedenLivingWorld world_2_fill WorldBusiness BusinessSports sports-soccer SportsEntertainmentEntertain

Slide Down on Wall Street

» Published: 24 January 2025

Slide Down on Wall Street
Photo: Mary Altaffer/AP/TT

Leading indexes on the American stock exchanges fell on Friday. The broad S&P 500 index and the Dow Jones industrial index both lost 0.3 percent, while Nasdaq's technology-heavy composite index fell 0.5 percent.

Among the losers was the electronics company Texas Instruments, despite the company reporting a higher profit than expected in its latest quarterly report. Investors focused on the fact that the profit in relation to sales was not satisfactory – and the stock plummeted 7.5 percent.

On the other hand, the Danish pharmaceutical giant Novo Nordisk did well. The stock rose 8.5 percent after the company presented a successful study of a new medicine against obesity and overweight.

Calculated over the entire past week, the S&P 500 index rose 1.7 percent, the Dow Jones 2.2 percent, and Nasdaq 1.7 percent.

Tags

TTT
By TTThis article has been altered and translated by Sweden Herald

More news

Russia introduces trade barriers against China
1 MIN READ

Russia introduces trade barriers against China

Domestic Flights Decrease – Sweden Stands Out in the EU
4 MIN READ

Domestic Flights Decrease – Sweden Stands Out in the EU

This is why Donald Trump loves tariffs
3 MIN READ

This is why Donald Trump loves tariffs

The Baltic States have been disconnected from the Russian power grid
1 MIN READ

The Baltic States have been disconnected from the Russian power grid

Economist: Don't Count on Lower Mortgage Interest Rates
2 MIN READ

Economist: Don't Count on Lower Mortgage Interest Rates

Tesla loses out to tough Chinese competition
1 MIN READ

Tesla loses out to tough Chinese competition

Fear of tariffs and prices sank Wall Street
2 MIN READ

Fear of tariffs and prices sank Wall Street

Klarna aims to list on the US stock exchange in April
1 MIN READ

Klarna aims to list on the US stock exchange in April

More exchange USA-Japan - but also threat of tariffs
1 MIN READ

More exchange USA-Japan - but also threat of tariffs

Payment problems at the State Liquor Store
1 MIN READ

Payment problems at the State Liquor Store

Fewer new jobs in the USA than expected
1 MIN READ

Fewer new jobs in the USA than expected

Worse economic development expected for Russia
1 MIN READ

Worse economic development expected for Russia

Bound Mortgage Rates on the Way Up
2 MIN READ

Bound Mortgage Rates on the Way Up

The Stockholm Stock Exchange closed the week with a decline
2 MIN READ

The Stockholm Stock Exchange closed the week with a decline

Trade from Shein and Temu Slows Down
1 MIN READ

Trade from Shein and Temu Slows Down

SBAB gains market shares on the mortgage market
1 MIN READ

SBAB gains market shares on the mortgage market

Skanska increases the dividend
1 MIN READ

Skanska increases the dividend

Saab raises forecast – but the stock price falls
2 MIN READ

Saab raises forecast – but the stock price falls

Worse than expected for Schibsted
1 MIN READ

Worse than expected for Schibsted

XXL's Profit Shrinks
1 MIN READ

XXL's Profit Shrinks