Category: Wall Street

Wall Street Drops Back to Lowest Since 2020 as Fear Returns

NEW YORK—Stocks fell broadly on Wall Street Thursday as worries about a possible recession and rising bond yields put the squeeze back on markets. The S&P 500 fell 2.1 percent, reaching its lowest level since late 2020. The washout erased the index’s gains in a big rally the day before. That’s when forceful moves by…


The US Gets Tough on China’s IPOs and They Shift to Europe

Commentary The United States is getting tough on China’s initial public offerings (IPOs) on Wall Street, so those IPOs are going to Europe. That’s finance for you. Go to where the suckers are. After about $100 billion in international investment in U.S.-listed Chinese companies over two decades, the U.S. Securities and Exchange Commission (SEC) is…


US Stocks End Mixed a Day After Dow Entered a Bear Market

A wobbly day of trading on Wall Street ended with a mixed finish for U.S. stock indexes Tuesday as markets stagger amid worries about a possible recession. The volatile trading comes a day after a broad sell-off sent the Dow Jones Industrial Average into a bear market, joining other major U.S. indexes. The S&P 500…


Wall Street Ends Lower as Global Central Banks Raise Rates

Stocks fell again Thursday, deepening Wall Street’s losses for the week, as central banks around the world hiked interest rates to fight inflation. The S&P 500 fell 0.8 percent, its third straight drop. The benchmark index is down about 3 percent so far this week. The Dow Jones Industrial Average fell 0.4 percent and the…


Stocks Slump on Wall Street as Fed Steps Up Inflation Fight

Stocks closed lower Wednesday after the Federal Reserve made another big interest rate hike and sharply increased its outlook for how high it expects to raise rates in coming months. Short-term Treasury yields pushed further into multiyear highs after the central bank raised its benchmark rate by three-quarters of a point. The Fed also said…


US Stocks Rise Ahead of Expected Interest Rate Hike by Fed

A choppy day of trading on Wall Street ended with stocks closing higher Monday as investors brace for another big interest rate increase this week from the Federal Reserve. The indexes swayed between modest gains and losses for much of the day before a burst of buying in the final hour of trading. The S&P…


Wall Street Slips on Aggressive Rate Hike Worries

Wall Street’s main indexes slipped for the third straight day on Monday led by declines in health care and energy stocks as investors worried that another massive interest rate hike by the Federal Reserve could tip the U.S. economy into a recession. Five of the 11 S&P 500 sectors were down in early trading. Health…


World Shares Slip as Markets Brace for More Rate Hikes

Shares opened lower in Europe after a day of declines for most Asian markets, as investors braced for another interest rate hike this week by the U.S. Federal Reserve. Britain was observing a day of mourning for Queen Elizabeth II. Japan’s markets were closed for a holiday. Germany’s DAX lost 0.3 percent to 12,701.41 while…


Stocks Fall, Indexes Slip Deeper Into the Red for the Week

Stocks gave up more ground Thursday, leaving major indexes on Wall Street deeper in the red for the week. The S&P 500 fell 1.1 percent after another wobbly day of trading. The benchmark index is now down 4.1 percent for the week following the biggest pullback for the market in more than two years on…


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…