Wall Street closed lower as worries rise about the strength of the global economy and inflation. The S&P 500 fell 0.6 percent Wednesday. The Nasdaq composite fell a similar amount, and the Dow Jones Industrial Average fell 0.4 percent. Markets in Asia fell even more following discouraging data on manufacturing in China. In the United…
How Major US Stock Indexes Fared May 30
Wall Street churned to a mixed finish as a long list of worries looms, even if the most pressing crisis seems to be calming as Washington moves to avoid a default on its debt. The S&P 500 was virtually unchanged Tuesday, hovering near its highest level since August. The Dow Jones Industrial Average fell 50…
How Major US Stock Indexes Fared May 26
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…
What You Need to Know About Indexes
By Kim Clark From Kiplinger’s Personal Finance Today, there are an estimated 3 million indexes that provide benchmarks against which to measure investment performance and serve as recipes for the portfolios of a vast number of indexed mutual and exchange-traded funds. Here’s a quick summary of some of the most common indexes. Most weight their…
Latest Market Rally ‘Bear Market Trap,’ S&P 500 Predicted to Decline 25 Percent: Morgan Stanley Strategist
Michael Wilson, Morgan Stanley’s chief U.S. equity strategist, is warning investors not to get caught in the “bear market trap” after seeing the stock market rally during the initial weeks of 2023, and estimated that the market might make a low by spring. According to Wilson, 2023 is off to a “much better start” compared…
Wall Street Closes Sharply Higher as Inflation Data Fuels Investor Bets on Fed Rate Hike Slowdown
Wall Street registered its biggest rally since 2020 on Thursday following October’s inflation report suggesting a peaking of decades-high consumer prices, and investor optimism regarding a possible slowing down on Fed rate hikes. The S&P 500 closed Nov. 10 at 3956.37 with a 5.54 percent increase; Dow Jones by 3.40 percent at 33,715.37 with an…
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