NEW YORK—Wall Street’s building frenzy around artificial intelligence helped yank the stock market higher Thursday, even as worries worsen about political rancor in Washington. The S&P 500 rallied 0.9 percent after chipmaker Nvidia gave a monster forecast for upcoming sales as it benefits from the tech world’s rush into AI. It helped the Nasdaq composite…
Stock Market Today: AI Frenzy Pulls Wall Street Higher Despite DC Debt Woes
Stock Market Today: Wall Street Sinks as Stocks Tumble Worldwide
NEW YORK—Wall Street fell again Wednesday as stocks tumbled worldwide on worries about the economy. The S&P 500 dropped 0.7 percent after House Speaker Kevin McCarthy said Republicans and Democrats remain “far apart” in their efforts to prevent a potentially disastrous default on the U.S. government’s debt. The main U.S. stock index is on track…
Stock Market Today: Wall Street Slides as Debt Worries Worsen
NEW YORK—Stocks slid Tuesday as the U.S. government crept closer to the edge of a potentially disastrous default on its debt. The S&P 500 fell 1.1 percent after House Speaker Kevin McCarthy said, “We’re not there yet” on a deal to prevent the U.S. government from running out of cash. That followed a meeting late…
Are Investors Underestimating Probability of Even Higher Rates?
Commentary Most investors and Wall Street research analysts believe the Federal Reserve will pause its hikes, keeping the benchmark interest rate unchanged, in June and that a rate cut is likely later in the year. Just take one look at the yield curve. It is still inverted with the one-month rate higher than the six-month…
Stock Market Today: Wall Street Ends Mixed Ahead of Talks to Avoid US Default
NEW YORK—Stocks drifted to a mixed finish Monday, as Wall Street waited for the results of a pivotal meeting meant to avoid a potentially disastrous default on the U.S. government’s debt. The S&P 500 was at a virtual standstill after flipping between small gains and losses through the day. It edged up by 0.65, or…
Stock Market Today: Wall Street’s Best Week Since March Stalls Amid Debt Worries
NEW YORK—Wall Street’s best week since March ran out of steam Friday as worries rose about the U.S. government’s efforts to avoid a potentially disastrous default on its debt. The S&P 500 slipped 6.07 points, or 0.1 percent, to 4,191.98. The Dow Jones Industrial Average fell 109.28, or 0.3 percent, to 33,426.63, while the Nasdaq…
Stock Market Today: Wall Street Rises, Adding to a Winning Week
NEW YORK—Stocks rose again Thursday after more companies reported better profits than expected, while yields climbed after a Federal Reserve official cautioned the end to its interest-rate hikes may not arrive as soon as Wall Street hoped. The S&P 500 gained 0.9 percent, adding to its rally from the day before as hopes rise further…
Stock Market Today: Wall Street Rises With Hopes US May Avoid Default
NEW YORK—Wall Street rallied Wednesday on hopes the U.S. government can avoid a potentially disastrous default on its debt. The S&P 500 climbed 1.2 percent, with much of the gain coming after President Joe Biden said he’s confident “America will not default.” The Dow Jones Industrial Average rose 408 points, or 1.2 percent, while the…
Stock Market Today: Wall Street Weakens as Energy Stocks, Home Depot Weigh
NEW YORK—Stocks on Wall Street sank Tuesday after Home Depot warned of flagging sales, the latest discouraging signal for an economy under pressure. The S&P 500 fell 26.38 points, or 0.6 percent, to 4,109.90. The Dow Jones Industrial Average dropped 336.46, or 1 percent, to 33,012.14, and the Nasdaq composite slipped 22.16, or 0.2 percent,…
Stock Market Today: Wall Street Rises Ahead of Updates on US Shoppers
NEW YORK—Wall Street ticked higher Monday ahead of reports that will show how much a slowing economy is hurting what’s prevented a recession so far: solid spending by U.S. households. The S&P 500 rose 12.20, or 0.3 percent, to 4,136.28, the latest tick higher in what’s been a listless weekslong run for the market. The…
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