Stocks closed broadly higher on Wall Street Wednesday, after the minutes from the Federal Reserve’s most recent policy meeting showed central bank officials agreed that smaller rate hikes would likely be appropriate “soon.” The S&P 500 rose 0.6 percent, while the Dow Jones Industrial Average gained 0.3 percent. The Nasdaq composite closed 1 percent higher. Long-term…
US Stocks Rise, Strong Earnings Send Retailers Higher
Stocks on Wall Street closed broadly higher Tuesday, as solid company earnings helped lift several retailers ahead of the Thanksgiving holiday in the United States. The S&P 500 rose 1.4 percent, more than making up for its losses last week. The Dow Jones Industrial Average rose 1.2 percent and the Nasdaq composite gained 1.4 percent. All…
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…
Stocks End Higher on Wall Street but Still Fall for the Week
A late-afternoon rally on Wall Street helped stocks close higher Friday, though the major indexes still wound up finishing lower for the week after several days of bumpy trading. The S&P 500 rose 0.5 percent after wavering between small gains and losses for much of the day. The Dow Jones Industrial Average rose 0.6 percent…
Top Wall Street Banks to Take Paper Losses of $17 Billion in Mortgage-Backed Securities
November 18, 2022
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Rising mortgage rates are forcing big banks to write down losses on their mortgage-backed securities (MBS) amid the Federal Reserve’s tightening interest rate policy and regulations. An MBS is an investment product that bundles home loans and other real estate debts, which then are bought from the banks that issued them. Wall Street’s big four…
Stocks Fall as Fed Signals Rates Need to Go Still Higher
Stocks closed lower on Wall Street and Treasury yields rose Thursday afternoon after more indications from the Federal Reserve that it may need to raise interest rates much higher than many people expect to get inflation under control. The S&P 500 fell 0.3 percent, with retailers and banks among the biggest weights on the benchmark…
Wall Street Slips as Target Stumbles and Weighs on Retailers
Wall Street closed lower as hefty drops in retailers and technology companies offset gains elsewhere in the market. The S&P 500 lost 0.8 percent Wednesday. The Nasdaq fell 1.5 percent, and small-company stocks fell even more. The Dow Jones Industrial Average closed slightly lower. Target fell sharply after delivering a dismal financial report. Target also…
Stocks Rise on Cooling Inflation Data After Up-and-Down Day
NEW YORK—Stocks rose on Wall Street Tuesday following more signs the nation’s punishingly high inflation may be falling off faster than expected. The S&P 500 climbed 0.9 percent, or 34.48 points, to 3,991.73, though it went on another unsettling ride to get there. A flare-up of worries about the war in Ukraine caused a brief…
Wall Street Surges, Dow up 1,200 Points on Cooling Inflation
NEW YORK—Wall Street blasted off Thursday to soar to its best day in more than two years as exhilaration swept through markets after a report showed inflation in the United States eased last month by even more than expected. The S&P 500 surged 5.5 percent, while the Dow Jones Industrial Average leaped 1,200 points and…
Dow Jumps 900 Points on Cooler Inflation Data, but Experts Warn of ‘Disappointment’ as Fight Against Soaring Prices Is Far From Over
Wall Street’s main equities indexes jumped on the opening bell Thursday as investors bet that lower-than-expected inflation data would prompt the Federal Reserve to ease off on rate hikes. But experts warn it’s far too soon to declare victory in the fight against soaring prices and that investors should brace for more “disappointment.” At the…
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