Wall Street ended sharply lower on Wednesday as Republican gains in midterm elections appeared more modest than some expected, with investors also focusing on upcoming inflation data that will provide clues about the severity of future interest rate hikes. Republicans were still favored to win control of the House of Representatives but key races were…
Wall Street Rises Ahead of Election Results, Inflation Data
NEW YORK—Election Day brought another rise for Wall Street, with stocks climbing Tuesday for a third straight day. The S&P 500 rose 21.31, or 0.6 percent, to 3,828.11, though it flipped between an even bigger gain and a modest loss to get there. The Dow Jones Industrial Average climbed 333.83 points, or 1 percent, to…
The Not-So-Great Wall Street of China
November 8, 2022
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Commentary The moral truth about capitalism was argued eloquently by George Gilder in his 1981 opus “Wealth and Poverty.” “Not from greed, avarice, or even self-love can one expect the rewards of commerce, but from a spirit closely akin to altruism, a regard for the needs of others, a benevolent, outgoing, and courageous temper of…
Wall Street Climbs Ahead of Election Day, Inflation Data
NEW YORK—Stocks rose Monday on the eve of Election Day as Wall Street looked ahead to the benefits of a possibly split government in Washington, though trading is likely to stay bumpy in a week full of events that could shake the market. The S&P 500 rose 1 percent, while the Dow Jones Industrial Average…
Wall Street Rallies, in Fits and Starts, After Jobs Report
NEW YORK— Stocks rallied Friday, but only after yo-yoing several times, as Wall Street struggled with what to make of the latest reading on the U.S. jobs market and what it means for interest rates and the odds of a recession. The S&P 500 climbed 1.4 percent after seeing an even bigger rally from the…
Stocks End Lower as the Fed Continues to Fight Inflation
Stocks racked up more losses on Wall Street and Treasury yields again rose to multiyear highs Thursday as investors looked ahead to a closely watched job market report from the government that could influence the Federal Reserve’s next move in its fight to bring down inflation. Technology stocks led the market pullback, which came a…
Stocks End Lower as Hot Jobs Data Signals Aggressive Fed
Stocks on Wall Street gave up early gains and closed lower Tuesday after an unexpectedly strong report on the job market raised concerns that the Federal Reserve will need to keep the pressure on inflation with aggressive interest rate increases. The S&P 500 fell 0.4 percent after having been up as much as 1 percent…
Wall Street Rally Marks First Weekly Win Streak Since Summer
Technology stocks led a broad rally on Wall Street Friday, capping another strong week for the market, as investors welcomed solid profits from Apple and other companies. The S&P 500 rose 2.5 percent and posted its first back-to-back weekly gains since August. The Dow Jones Industrial Average rose 2.6 percent and the tech-heavy Nasdaq composite climbed…
Stocks End Mixed on Wall Street Amid Weak Tech Earnings
Weak quarterly results from several big technology companies weighed on stocks Wednesday, leaving major indexes mixed on Wall Street. The S&P 500 fell 0.7 percent after shedding an early gain, while the tech-heavy Nasdaq composite dropped 2 percent. The lower finish ended a three-day winning streak for both indexes. The Dow Jones Industrial Average ended…
Rewind, Review, and Re-Rate: ‘Wall Street’: When Greed Became Cool in the USA
R | 2h 6m | Drama | December 11, 1987 With his suspenders, slicked-back hair, and power ties, Gordon Gekko (Michael Douglas) made greed look cool in 1987’s “Wall Street,” directed by Oliver Stone. Greed seems to be ramping up as of late, which is why “Wall Street” is worth a re-watch. Gordon Gekko (Michael Douglas), in Oliver…
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