Stocks closed broadly higher again Thursday as investors grew more optimistic that a slowing U.S. economy means the Federal Reserve can temper its aggressive interest rate hikes aimed at taming inflation. The S&P 500 rose 1.2 percent as more than 80 percent of the stocks in the benchmark index closed higher. The Dow Jones Industrial…
Stocks Closing Mixed; Investors Brace for Fed Meeting
Wall Street capped a choppy day of trading with a mixed finish for stock indexes Monday, as investors brace for another sharp interest rate hike by the Federal Reserve this week as the central bank combats inflation. The S&P 500 edged up 0.1% after fluctuating between gains and losses. The Dow Jones Industrial Average rose…
Slump for Tech Chops Off Chunk of Wall Street’s Winning Week
NEW YORK—Stocks slipped Friday, giving back some of their gains from earlier in the week as worries brewed about the global economy and prospects for profits at big internet companies. The S&P 500 lost 0.9 percent to break a three-day rally that had carried Wall Street to its highest level in six weeks. The Nasdaq…
Stocks End Higher as Wall Street’s Winning Week Rolls On
Stocks on Wall Street closed higher Thursday, building on their winning week, as investors sifted through a deluge of news about the economy, interest rates and corporate profits. The S&P 500 rose 1 percent after shaking off an early stumble, returning to its highest level in six weeks. The Dow Jones Industrial Average also recovered…
Wall Street Closes Higher, Adding to Gains After Big Rally
A choppy day on Wall Street ended with more gains for stocks Wednesday, as investors welcomed another batch of encouraging profit reports from U.S. companies. The S&P 500 rose 0.6 percent, tacking more onto its big gains from a day earlier, when the benchmark index soared 2.8 percent, its best day in weeks. The Dow…
Stocks Sweep Higher on Wall Street as Profit Reports Roll In
The stock market had its best day in more than three weeks Tuesday as more companies reported how much profit they made during the spring. The S&P 500 climbed 2.8 percent after a powerful tide carried 99 percent of the stocks in the index higher. The Dow Jones Industrial Average rose 2.4 percent and the…
Morgan Stanley Profit Slumps 30 Percent as Dealmaking Stalls
Morgan Stanley’s profit slumped 30 percent on Thursday, falling short of analysts’ estimates for the first time in nine quarters, as its investment banking business struggled to cope with a slump in global dealmaking. Revenue from investment banking plunged 55 percent in the second quarter, mirroring a similar drop at its larger Wall Street rival…
Burned Twitter Deal Bankers See Silver Lining in Musk’s Startups
Wall Street’s top investment banks that stand to lose lucrative fees from Elon Musk abandoning his $44 billion acquisition of Twitter Inc. hope the start-ups backed by the world’s richest person will make up for the lost business. Musk has been one of Wall Street’s biggest patrons, doling out nearly $500 million in fees to…
Stocks End Lower as Wall Street Braces for Big Hike in Rates
Stocks capped another shaky day on Wall Street with more losses Wednesday, after a highly anticipated report on inflation turned out to be even worse than expected. The S&P 500 ended 0.4 percent lower, its fourth consecutive drop, after tumbling as much as 1.6 percent earlier. The Dow Jones Industrial Average fell 0.7 percent, while…
Stocks Rise After Release of Fed Meeting Minutes
Wall Street capped another choppy day of trading Wednesday with modest gains for the major stock indexes, after investors combed the minutes from the Federal Reserve’s most recent interest rate policy meeting for clues about what the central bank may do next to fight inflation. The S&P 500 rose 0.4 percent, its third-consecutive gain, after…
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