By Kim Clark From Kiplinger’s Personal Finance Today, there are an estimated 3 million indexes that provide benchmarks against which to measure investment performance and serve as recipes for the portfolios of a vast number of indexed mutual and exchange-traded funds. Here’s a quick summary of some of the most common indexes. Most weight their…
US Stock Market Soars After Inflation Data Cooler Than Expected
December 13, 2022
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The U.S. stock market jumped on Tuesday as the Consumer Price Index (CPI) data came in lower than expected, boosting investor expectations that inflation might ease down in the near future. The 12-month CPI for November came in at 7.1 percent, down from 7.7 percent in October. It was the fifth straight monthly decline after…
Stocks End Higher on Wall Street, Notching Weekly Gains
Wall Street capped a volatile run for stocks with a broad rally Friday, contributing to sizable weekly gains for major indexes. The S&P 500 rose 2.4 percent and notched its biggest weekly gain since June. The Dow Jones Industrial Average rose 2.5 percent and the Nasdaq composite ended 2.3 percent higher. More than 90 percent of the stocks…
Dow Dives Nearly 1,300 Points After Red-Hot Inflation Report
Wall Street’s main stock indexes plunged on Sept. 13 after government data showed inflation coming in hotter than expected, putting investors on edge as the price data suggest the Federal Reserve will remain on a hawkish tilt and keep tightening aggressively. The annual inflation rate, as measured by the Consumer Price Index (CPI), clocked in…
Dow Dives Over 800 Points as Red-Hot Inflation Puts Fed on Aggressive Track
Wall Street’s main stock indexes plunged intraday on Sept. 13 after government data showed inflation coming in hotter than expected, putting investors on edge as the price data suggest the Federal Reserve will remain on a hawkish tilt and keep tightening aggressively. The annual inflation rate, as measured by the Consumer Price Index (CPI), clocked…
Dow Drops 1,000 After Fed’s Powell Says Rates Will Stay High
NEW YORK—The Dow Jones Industrial Average sank more than 1,000 points Friday after the head of the Federal Reserve dashed Wall Street’s hopes that it may soon ease up on high interest rates in its effort to tame inflation. The S&P 500 lost 3.4 percent, its biggest drop since mid-June, after Jerome Powell said the…
US Stocks End Mixed Amid Earnings, Economic Updates
Stocks gave back some of their recent gains Thursday as a choppy day of trading on Wall Street ended with a mixed finish for the major indexes. The S&P 500 closed 0.1 percent lower after wavering between small gains and losses. The Dow Jones Industrial Average fell 0.3 percent, while the Nasdaq rose 0.4 percent….
S&P 500 Plunges, Loses All of Its Gains Since Biden Took Office
The S&P 500 has lost all of its gains since President Joe Biden took office in 2021. The market index fell 3.88 percent to 3,749.63, dropping below the 3,798.91 level when it closed on Jan. 19, 2021. The drop put the S&P back into the bear market territory. The two other major stock market exchanges,…
S&P 500 Plunges, Wipes Out All of Its Gains Since Biden Took Office
The S&P 500 has lost all of its gains since President Joe Biden took office in 2021. The market index fell 3.88 percent to 3,749.63, dropping below the 3,798.91 level when it closed on Jan. 19, 2021. The drop put the S&P back into the bear market territory. The two other major stock market exchanges,…
Dow Jones Plunges 1,000 Points as Retailers’ Profits Crushed by Rampant Inflation
The Dow Jones Industrial Average tumbled 1,000 points as of midday Wednesday amid fears of inflation and a looming recession. Target’s shares dropped after it revealed that inflation-caused higher costs will hurt the retailer’s profitability for the rest of the year. A day before that, Walmart issued a similar profit report that it also blamed…
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