Benchmark S&P 500 and the Nasdaq Composite fell on Tuesday as yields on Treasury bills rose, dampening sentiments across the market. At the time of writing, the S&P 500 index was down 0.3%, while the Nasdaq Composite shed 0.
Shares in Getty Images and Shutterstock surged after the image companies agreed to merge, creating a group worth about $3.7 billion including debt. Getty stock stood about 25% higher Tuesday morning.
In the current session, Getty Images Holdings Inc. GETY -19.4% Get Free Report is trading at $2.57, after a 19.44% drop. Over the past month, the stock fell by 2.23%, and in the past year, by 46.76%. With performance like this, long-term shareholders are more likely to start looking into the company's price-to-earnings ratio.
The S&P 500 jumped 1% on Friday, Jan. 17, 2025, heading into the long weekend on a high note as prospects rebounded for additional interest-rate cuts in 2025.
The S&P 500 jumped 1.8% on Wednesday, Jan. 15, as several financial firms reported solid results and a downtick in core inflation revived rate-cut hopes.
The U.S. stock market broadened its rally this week, with all S&P 500 sectors booking weekly gains, as investors appeared relieved by interest rates in the bond market reversing some of their recent startling climb.