Boeing is reporting a $4.16 billion loss for the fourth quarter as the financial fallout from production flaws in one of its best-selling planes keeps getting worse. The aircraft maker took a charge of $3.5 billion to cover additional delays in delivering copies of its 787 jetliner and compensation for airlines that are still waiting…
Wall Street Reverses, Ends Higher in Late Session Rally
NEW YORK—Wall Street bounced back from a steep sell-off late in the session to close higher on Monday, with bargain hunters pushing the indexes into positive territory by closing bell. The S&P 500 earlier came close to confirming a correction by appearing on track to close more than 10 percent down from its most recent…
Technology, Bank Stocks Drag Wall St to New Low for 2022
Technology companies led a broad sell-off on Wall Street Tuesday as bond yields surged amid renewed jitters that the Federal Reserve will act more aggressively than expected to tackle rising inflation. The S&P 500 fell 1.8 percent, with about 90 percent of the stocks in the benchmark index closing in the red. The Nasdaq, which is…
Tech Stocks Lead Wall Street Lower Again, Nasdaq Falls 2.5 percent
Technology companies led a sell-off on Wall Street Thursday that pulled the major indexes into the red for the week. The S&P 500 fell 1.4 percent after shedding an early gain of 0.4 percent. The benchmark index was coming off two days of gains following daily losses since the first day of trading in 2022….
Stocks Rise as Inflation Report Keeps Rate Hikes on Track
Wall Street capped a day of wobbly trading with modest gains for stocks Wednesday, as investors weighed the implications of the latest economic snapshot showing rising inflation. The S&P 500 rose 0.3 percent after veering between a loss of 0.1 percent and a gain of 0.8 percent over the course of the day. The Dow…
Stocks Shake Off an Early Loss, End Higher as Tech Rebounds
Stocks shook off an early slide and closed higher Tuesday as Wall Street welcomed more modest moves in the bond market after a recent surge in Treasury yields weighed on the market. The S&P 500 rose 0.9 percent after having been down 0.7 percent in the early going. The selling eased by afternoon, with technology…
Beijing Setting Up a Trap to Collect Money From Wall Street, Says China Experts
Chinese companies are transitioning to a different model to raise money by going public. When one of China’s concept stocks is delisted from the United States, it is then listed in Hong Kong or China. At the same time, the Chinese Communist Party (CCP) is working hard to present an image of economic prosperity to…
Wall Street Ends Tumultuous Year Near Record Highs
NEW YORK—Wall Street closed near record highs in light trading on Friday, the last trading day of 2021, marking the second year of recovery from a global pandemic. All three major U.S. stock indexes scored monthly, quarterly and annual gains, notching their biggest three-year advance since 1999. The S&P 500 gained 27 percent since the…
Wall Street Rises for 3rd Day as Omicron Fears Ease
Wall Street’s main indexes rose solidly for a third straight session on Thursday after more encouraging developments about the impact of the Omicron variant of the coronavirus, lifting the mood ahead of Christmas break. The S&P 500 was near its intraday record high as most sectors gained. Industrials and consumer discretionary were the top-performing sectors,…
Stocks Rise on Wall Street Ahead of Christmas Holiday
Stocks closed broadly higher on Wall Street Wednesday, adding to the market’s gains this week ahead of the Christmas holiday. The S&P 500 rose 1 percent after coming back from an early slide. The other indexes also recovered after sliding into the red in the early going. The Dow Jones Industrial Average rose 1.1 percent…
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