Tag: Wall Street

US Indexes Shake Off an Early Slump and Eke out Gains

Stock indexes on Wall Street ended with meager gains Tuesday, as a late-afternoon rally led by technology companies stemmed the market’s losses after an early slump. The S&P eked out a gain of 0.2 percent after having been down 2.2 percent earlier in the day. The Dow Jones Industrial Average lost 0.4 percent, while the…


Wall Street Closes Higher but Still Ends Week in the Red

Stocks on Wall Street shook off a downbeat start and ended broadly higher Friday, though the rebound was not enough to erase their losses for the week. The S&P 500 rose 1.1 percent after having been down 0.9 percent in the early going. The gain snapped a four-day losing streak for the benchmark index, which still…


US Stocks Slip, on Track for 4th Monthly Loss This Year

Stock indexes on Wall Street ended mostly lower Wednesday after another choppy day of trading as the market heads toward its fourth monthly loss this year. The S&P 500 ended 0.1 percent lower after shifting between small gains and losses. The Dow Jones Industrial Average eked out a 0.3 percent gain, while the Nasdaq composite…


Stocks Slide on Wall Street as Inflation Worries Persist

Stocks closed broadly lower on Wall Street Tuesday, after a discouraging snapshot of U.S. consumer confidence stoked investors’ worries about the risk that sharply higher interest rates and pervasive inflation could trigger a recession. The S&P 500 ended 2 percent lower, reversing a 1.2 percent gain from earlier in the day. The Dow Jones Industrial…


Wall Street Mints Big Gains to End Strong Week

Wall Street’s main indexes soared on Friday in a broad rally as signs of slowing economic growth and a recent pullback in commodity prices tempered expectations for the Federal Reserve’s rate-hike plans. The S&P 500 rose over 3 percent for its biggest one-day percentage rise since May 2020. All 11 of the benchmark index’s sectors…


Wall Street Gains Over 2 Percent in Broad Rebound

Wall Street’s major indexes jumped over 2 percent on Tuesday as investors scooped up shares of megacap growth and energy companies after the stock market swooned last week on worries over a global economic downturn. All 11 major S&P 500 sectors gained, as stocks rebounded broadly after the benchmark index last week logged its biggest…


Wall Street Tumbles on Fears for Economy as More Rates Rise

NEW YORK—Stocks tumbled on Wall Street Thursday as worries roared back to the fore that the world’s fragile economy may buckle under higher interest rates. The S&P 500 fell 3.3 percent in a widespread rout to more than reverse its blip of a 1.5 percent rally from a day before. Analysts had warned of more big…


Wall Street Stock Futures Point to Drops on Opening Bell as Post-Fed Hike Rally Threatened

Futures contracts on Wall Street’s major stock indexes were all in the red ahead of opening bell Thursday, pointing to likely drops when markets open later in the day as the post-Fed rate hike rally appears at risk of fading. The Federal Reserve on Wednesday hiked rates by 75 basis points, the sharpest increase since…


Wall Street Rallies in Relief After Fed’s Assurance on Rates

NEW YORK—Wall Street rallied Wednesday following the Federal Reserve’s sharpest hike to interest rates since 1994, and its later assurance that such mega-hikes would not be common. The S&P 500 climbed 54.51, or 1.5 percent, to 3,789.99 after whipping through roller-coaster trading immediately following the Fed’s latest move to fight inflation. In equally topsy-turvy trading,…


BlackRock and ESG Controlling America but Benefiting China—With Will Hild

How does Blackrock utilize the environmental, social, and governance (ESG) score system to control domestic policies, while benefiting from their special treatment in China? And does the United States suffer while China benefits from this vampiric relationship? We discuss this with Will Hild from Consumers’ Research. I then discuss the just-concluded Shangri-La security summit, where…