NEW YORK—Wall Street ended firmer on Wednesday in a partial rebound from the previous day’s broad sell-off, with remarks from Federal Reserve Chairman Jerome Powell and the ongoing debt ceiling debate keeping a lid on gains. The S&P 500 index and the Dow Jones Industrial Average advanced, but the Nasdaq Composite closed lower as Treasury…
World Shares Mixed After Broad Slide on Wall Street
September 29, 2021
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Shares rose Wednesday in Europe after sharp declines in Asia that tracked a broad slide on Wall Street on jitters over rising prices and surging U.S. government bond yields. A swift rise in Treasury yields is forcing investors to reassess whether prices have run too high for stocks, particularly the most popular ones. On Tuesday,…
Wall Street Stumbles on Rising Treasury Yields, Inflation Worries
September 29, 2021
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Wall Street stocks ended sharply lower on Tuesday (Sept. 28) in a broad sell-off driven by rising U.S. Treasury yields, deepening concerns over persistent inflation, and contentious debt ceiling negotiations in Washington. All three major U.S. stock indexes slid nearly 2 percent or more, with interest rate sensitive tech and tech-adjacent stocks weighing heaviest as…
Spike in Bond Yields Spooks Investors, Deflates Tech Stocks
Technology companies led a broad slide in stocks on Wall Street Tuesday, deepening the market’s September swoon. The S&P 500 fell 2 percent, its worst drop since May. The tech-heavy Nasdaq dropped 2.8 percent, its biggest drop since March. Decliners outnumbered advancers on the New York Stock Exchange 4 to 1. The benchmark S&P 500…
Dow, S&P 500 End With Gains up After Bumpy Week, but Nike Drags
September 25, 2021
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NEW YORK—The Dow and S&P 500 edged higher on Friday and ended a turbulent week with slight increases, helped by gains in Tesla and Facebook that offset a tumble by Nike. Athletic wear company Nike’s shares fell 6.3 percent and were the biggest drag on the Dow and the S&P 500 after it delivered a…
Wall Street Eyes Four More Years for Powell at Fed
September 25, 2021
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Federal Reserve Chairman Jerome Powell remains favored for renomination by the White House, and if recent history repeats itself a decision may come at any time before the central bank meets again in early November. Wall Street expects Powell, who was nominated for the role by President Donald Trump in 2017 and confirmed by the…
Wall Street Rally Fizzles out as Evergrande Worries Persist; Nike Drops
September 24, 2021
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U.S. stock indexes fell on Friday following a two-day rally, as worries persisted about the spillover from debt-laden China Evergrande, while Nike tumbled after cutting its sales forecast. Six of the 11 major S&P sectors advanced in early trading, with economy-sensitive energy, financials and defensive utilities shares leading gains. Technology and consumer discretionary were the…
US Charges Ex-Wall Street Quantitative Analyst With Insider Trading
September 24, 2021
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NEW YORK—A former Wall Street quantitative analyst was charged on Thursday with insider trading for making nearly 2,900 trades after learning his employer would soon make the same trades for clients, known as front-running. The U.S. Department of Justice said Sergei Polevikov, 48, of Port Washington, New York, generated more than $8.5 million of illegal…
ARK’s Cathie Wood Says Wall Street Not in a Bubble
September 23, 2021
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Star stock picker Cathie Wood, head of ARK Invest, on Wednesday said she believed the U.S. stock market is not overvalued, and she talked up Tesla, her largest holding. “We are not in a bubble, that I know,” Wood said, speaking virtually at a Morningstar investment conference. “But I do believe the market is beginning…
Futures Rise as Taper Fears Fade
September 23, 2021
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U.S. stock index futures rose on Thursday, indicating Wall Street was set to jump further from recent lows after investors largely brushed off concerns over the Federal Reserve’s plans for tapering. The Fed said on Wednesday it could begin reducing its monthly bond purchases by as soon as November, and that interest rates could rise…
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