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LIVE UPDATES Stock Market Today: Dow Falls After Chinese Shares Rally Again Earnings from chip maker Micron are due after the market close Last Updated: Sep. 25, 2024 at 3:34 PM EDT U.S stocks turned weaker Wednesday, erasing some recent gains in the absence of any major new catalyst to keep driving them higher. Blue-chip stocks were having a particularly tough session, with the Dow industrials on track to snap a four-day winning streak. Stocks got a boost last week when the Federal Reserve cut short-term interest rates by half-a-percentage point. Another lift came Tuesday after China’s central bank announced a raft of new stimulus measures. But no such help arrived Wednesday, and all three major indexes were flirting with declines. In recent trading The Dow was firmly in the red, the S&P 500 was slightly lower, and the Nasdaq Composite was hovering around the flatline. Both the Dow and the S&P 500 closed at new record highs on Tuesday. Amgen shares fell, weighing on the Dow, after analysts were underwhelmed by the results of a late-stage study of a drug that would treat a type of eczema. Treasury yields rose, after the 10-year yield settled Tuesday at 3.736%. New home sales fell less than expected in August, according to the Census Bureau. Sales of single-family houses fell to a seasonally-adjusted annual rate of 716,000. Chinese shares extended their rally after China’s central bank delivered another policy rate cut. The Shanghai Composite finished up 1.2%. —By Sam Goldfarb and Caitlin McCabe

Stock Market News Today: Dow Slips; Micron Earnings in Focus — Live Updates

Stock Market News Today: Dow Slips; Micron Earnings in Focus — Live Updates

wsj.com

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