Wall Street’s main stock indexes plunged intraday on Sept. 13 after government data showed inflation coming in hotter than expected, putting investors on edge as the price data suggest the Federal Reserve will remain on a hawkish tilt and keep tightening aggressively. The annual inflation rate, as measured by the Consumer Price Index (CPI), clocked…
Dow Dives Over 800 Points as Red-Hot Inflation Puts Fed on Aggressive Track
Stocks End Broadly Higher, Breaking a 3-Week Losing Streak
Wall Street added to its recent gains Friday with a broad rally that broke the market’s three-week losing streak. The S&P 500 closed 1.5 percent higher, its third straight increase, and ended with a 3.7 percent gain for the week. That makes it the benchmark index’s best week going back to July. Big gains for technology…
Stocks Charge Higher on Wall Street, Erasing Weekly Losses
Stock indexes on Wall Street closed solidly higher Wednesday, placing the market on pace to break a 3-week losing streak. The S&P 500 rose 1.8 percent Wednesday, its biggest single-day gain in four weeks, with roughly 95 percent of the stocks in the benchmark index closing higher. The Dow Jones Industrial Average rose 1.4 percent and the…
Stocks Drift Lower, Extending Losses Into 4th Straight Week
Stocks closed lower on Wall Street Tuesday, extending the market’s losses into a holiday-shortened week. The S&P 500 fell 0.4 percent after bouncing between a gain of 0.5 percent and a loss of 1 percent. The Dow Jones Industrial Average fell 0.6 percent and the Nasdaq lost 0.7 percent. The major indexes are coming off…
Stocks Shed Early Gains, End Lower for 3rd Straight Week
Stocks gave up an early rally and closed lower Friday, marking their third losing week in a row and extending Wall Street’s late-summer slump. Major stock indexes initially climbed broadly following the government’s latest job market report, which showed employers slowed their hiring in August. The report put traders in a buying mood, stoking cautious…
Wall Street Closes Lower, Adding to Last Week’s Losses
Stocks closed broadly lower on Wall Street Monday, adding to their hefty losses from last week when the Federal Reserve pledged to keep interest rates high as long as it takes to tame inflation. The S&P 500 fell 0.7 percent after wavering between small gains and losses. The Dow Jones Industrial Average fell 0.6 percent…
Wall Street Rallies as Countdown to Fed Speech Nears End
NEW YORK—Stocks rallied Thursday as the countdown clicked closer to zero for a highly anticipated speech about interest rates. The S&P 500 gained 58.35, or 1.4 percent, to 4,199.12 for its best day in nearly two weeks. Much of the lift came late in the day as traders made moves ahead of Friday morning’s speech…
Stocks Edge Higher as Wall Street Waits for Fed Speech
NEW YORK—Stocks ticked higher Wednesday as Wall Street waits for a highly anticipated speech about interest rates at the end of the week. The S&P 500 edged up 12.04 points, or 0.3 percent, to 4,140.77, as traders overall again held off on making big moves. The Dow Jones Industrial Average added 59.64, or 0.2 percent,…
Stocks Dip as Steadying Yields Calm Wall Street After Fall
NEW YORK—Stocks drifted to modest losses in a quiet Tuesday on Wall Street, as steadying Treasury yields helped calm the market following its worst tumble in months. The S&P 500 dipped 9.26 points, or 0.2 percent, to 4,128.73 after flipping between small gains and losses through the day. The edge lower follows up on Monday’s…
The Financial Times on the Road to Damascus
Originally published by American Greatness. Commentary The greatest strategic mistake made by the United States was to fund the rise of its enemy. For decades, the U.S. government encouraged investment in China to the extent that much of America’s critical manufacturing capability moved to China, and Chinese firms learned American manufacturing techniques and secrets. Encouraged…
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