NEW YORK—Stocks closed modestly higher on Wall Street, while bond markets around the world felt pain Tuesday after a surprise move from Japan’s central bank cranked up the pressure on an already slowing global economy. The S&P 500 rose 0.1 percent after flipping between small losses and gains in the early going. The Dow Jones…
Wall Street Loses More Ground, Extending a Losing Streak
Wall Street started off the week with more losses for stocks Monday, as investors brace for higher interest rates from central banks to fight inflation. The S&P 500 fell 0.9 percent, with most of the sectors in the benchmark index closing in the red. The Dow Jones Industrial Average fell 0.5 percent at the Nasdaq…
US Stocks Sink as Fed Signals It Will Remain Aggressive
Stocks tumbled on Wall Street and across European markets Thursday as investors grew increasingly concerned that the Federal Reserve and other central banks are willing to risk a recession to bring inflation under control. The S&P 500 fell 2.5 percent, with more than 90 percent of stocks in the benchmark index closing in the red….
Stocks Stumble After Fed Hikes Rates, Signals More to Come
A bumpy day of trading on Wall Street ended with stocks broadly lower Wednesday after the Federal Reserve raised its benchmark interest rate in its fight against inflation and signaled that more hikes lay ahead. As expected, the central bank raised its key short-term rate by 0.50 percentage points, marking its seventh hike this year….
Wall Street Closes Higher After Inflation Cooled in November
NEW YORK—Stocks on Wall Street finished higher Tuesday after a report showed inflation cooled more than expected last month, cementing expectations that the Federal Reserve is about to dial down the size of its interest rate hikes. The encouraging inflation data raised hopes for easing pressure on the economy ahead of an interest rate policy…
Slump in Tech Stocks Helps Send Wall Street to Another Loss
Wall Street ended a wobbly day of trading with more losses Wednesday, as a slide in technology companies helped pull stocks lower and Treasury yields fell broadly. The S&P 500 slipped 0.2 percent, its fifth straight loss. The Nasdaq composite, which is heavily weighted with tech stocks, fell 0.5 percent, while the Dow Jones Industrial…
Stocks Fall Again on Wall Street, Extending Recent Losses
Stocks closed broadly lower on Wall Street Tuesday, extending the market’s recent string of losses, as traders ponder the Federal Reserve’s next moves in its campaign to cool stubbornly hot inflation. The S&P 500 fell 1.4 percent, its fourth straight drop. The Dow Jones Industrial Average fell 1 percent and the Nasdaq composite lost 2…
Wall Street Ends Mixed Following Strong Data on Wages, Jobs
Worries about inflation weighed on Wall Street Friday, leaving major indexes mixed after a report showed wages for U.S. workers are accelerating, which is good news for them but could feed into even higher inflation for the nation. The S&P 500 ended 0.1 percent lower after having been down as much as 1.2 percent earlier in…
Stocks Rally After Fed Chair Signals Slowdown in Rate Hikes
Wall Street closed out a solid November with a broad market rally Wednesday after the head of the Federal Reserve said the central bank could soon begin easing up on its aggressive interest rate increases aimed at taming inflation. Fed Chair Jerome Powell, speaking at the Brookings Institution, reaffirmed that the central bank could begin…
US Stock Indexes Fall as Lockdown Protests Spread in China
A broad slide on Wall Street left stocks lower Monday as global financial markets reacted to protests in China calling for Chinese leader Xi Jinping to step down amid growing anger over severe COVID-19 restrictions. The S&P 500 fell 1.5 percent, clawing back all of the benchmark index’s gains from last week. The Dow Jones…
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