Stocks rose on Wall Street, led by more gains in technology stocks as another chipmaker reported strong demand related to artificial intelligence. The S&P 500 rose 1.3 percent Friday, and the Nasdaq rose 2.2 percent. The Dow added 1 percent. Marvell Technology jumped 33 percent after saying it expects AI revenue to at least double…
How Major US Stock Indexes Fared May 25
Wall Street’s building mania around artificial intelligence helped lift the market, even as worries worsen about political rancor in Washington. The S&P 500 rose 0.9 percent Thursday after chipmaker Nvidia gave a monster forecast for upcoming sales as it benefits from the rush into AI. Because of its immense size, Nvidia is one of the…
How Major US Stock Indexes Fared Wednesday
Wall Street fell again, part of a worldwide swoon for stocks as worries about the economy pile higher. The S&P 500 fell 0.7 percent Wednesday after House Speaker Kevin McCarthy said Republicans and Democrats remain far apart in efforts to prevent a default on the U.S. government’s debt. The main U.S. stock index is on…
How Major US Stock Indexes Fared Tuesday
Stocks slid on Wall Street as the U.S. government creeps closer to the edge of a potentially disastrous default on its debt. The S&P 500 fell 1.1 percent Tuesday as Democrats and Republicans still haven’t agreed on a deal to keep the U.S. government from running out of cash. Washington is facing a deadline as…
How Major US Stock Indexes Fared Monday
Stocks drifted to a mixed close as Wall Street waited to see whether a pivotal meeting later in the day will help the U.S. government avoid a potentially disastrous default on its debt. The S&P 500 closed little changed Monday. The Dow slipped 0.4 percent and the Nasdaq rose 0.5 percent. Big Tech was continuing…
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…
A Chinese Man Sentenced in Massachusetts for Stock Market Manipulation Conspiracy
Wang Jiali, a Chinese citizen living in the greater Boston metropolitan area, was tried for multi-year stock market manipulation conspiracy by U.S. District Court for Massachusetts on Dec. 1. Wang was accused of leading and participating “in a sophisticated market manipulation scheme aimed at the U.S. securities markets that was perpetrated primarily from China,” which…
Chinese Man Sentenced in US Court for Stock Market Manipulation Conspiracy
A Chinese citizen living in the Boston metropolitan area was sentenced recently in federal court in Massachusetts after pleading guilty to one count of conspiracy to commit securities fraud, officials announced. Wang Jiali, 44, of Weymouth, was sentenced to time served (three months in prison) and nine months of home detention, and was ordered to forfeit $7.75…
Nasdaq Ends Down as Investors Eye Black Friday Sales, China Infections
The Nasdaq closed lower on Friday with pressure from Apple Inc in a subdued holiday-shortened trading session for Wall Street, as investors watched Black Friday sales and COVID-19 cases in China. Apple fell 2.0 percent on news of reduced iPhone shipments from a Foxconn plant in China in November as production was hit by COVID-related…
Stocks End Lower on Wall Street as Tech Weighs Down Nasdaq
Stocks ended lower on Wall Street at the beginning of a holiday-shortened week. The S&P 500 fell 0.4 percent Monday, while drops in tech companies helped pull the Nasdaq down 1.1 percent. The Dow Jones Industrial Average held up better, ending down just 0.1 percent. The Dow benefited from a big gain in Disney, which…
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