NEW YORK—Stocks rushed higher Friday after a strong report on the U.S. job market suggested a recession may not be as close as Wall Street had feared. The S&P 500 leaped 1.5% for the latest surge in a rally that’s vaulted it nearly 20% since mid-October. That put Wall Street’s main measure of health on…
Stock Market Today: Wall Street Leaps After Strong Jobs Report, Dow Rallies 701
Judge Recuses Himself From Disney, DeSantis Case After Discovering Relative Owns Company Stocks
June 2, 2023
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The federal judge that was set to oversee Disney’s First Amendment lawsuit filed against Florida Gov. Ron DeSantis recused himself from the high-profile case on June 1 after discovering that a “relative within the third degree of relationship” owns Disney stock. In a 14-page decision (pdf), U.S. Chief District Judge Mark Walker, an Obama appointee, said that…
Stock Market Today: Wall Street Rises With Hopes for Pause to Rate Hikes
NEW YORK—Wall Street rose Thursday with hopes that the Federal Reserve may soon take it easier on its hikes to interest rates. The S&P 500 rallied 1 percent after a suite of reports painted a picture of a split U.S. economy. The job market remains solid, but manufacturing is weakening and retailers are seeing shoppers…
How Major US Stock Indexes Fared June 1
Wall Street closed higher on hopes that the Federal Reserve may soon take it easier on its hikes to interest rates, with the S&P 500 gaining 1 percent Thursday. Several reports painted a picture of a split U.S. economy. The job market remains remarkably solid, but manufacturing is weakening and shoppers of all kinds are…
Stock Market Today: Wall Street Slips as Stocks Slump Worldwide
NEW YORK—Wall Street slipped as stocks slumped worldwide Wednesday on worries about the strength of the global economy and inflation. The S&P 500 fell 25.69, or 0.6 percent, to 4,179.83. The Dow Jones Industrial Average dropped 134.51, or 0.4 percent, to 32,908.27, and the Nasdaq composite lost 82.14, or 0.6 percent, to 12,935.29. Stock markets…
How Major US Stock Indexes Fared May 31
Wall Street closed lower as worries rise about the strength of the global economy and inflation. The S&P 500 fell 0.6 percent Wednesday. The Nasdaq composite fell a similar amount, and the Dow Jones Industrial Average fell 0.4 percent. Markets in Asia fell even more following discouraging data on manufacturing in China. In the United…
Target’s Stock Has Lost Billions of Dollars Amid ‘Pride’ Backlash
Target Corporation’s stock has lost a significant amount in the past two weeks after the retailer continues to face backlash over its line of LGBT clothing for children. Shares of the firm dropped about 0.8 percent on Wednesday to $132.73, or about 17 percent down from two weeks ago, on May 18, when the stock…
Stock Market Today: Wall Street Churns to a Mixed Finish
NEW YORK—Wall Street churned to a mixed finish Tuesday as a long list of worries looms, even if the most pressing crisis seems to be calming as Washington moves to avoid a default on its debt. The S&P 500 edged up by 0.07, or less than 0.1 percent, to 4,205.52, hovering close to its highest…
How Major US Stock Indexes Fared May 30
Wall Street churned to a mixed finish as a long list of worries looms, even if the most pressing crisis seems to be calming as Washington moves to avoid a default on its debt. The S&P 500 was virtually unchanged Tuesday, hovering near its highest level since August. The Dow Jones Industrial Average fell 50…
Target Has Lost $9 Billion Amid ‘Pride’ Merchandising Controversy: Data
Target’s stock has dropped more than 10 percentage points since the company drew controversy for unveiling its latest line of LGBT products. Since the backlash hit Target, the Minneapolis-based retailer’s stock has dropped some 12 percent, according to data published by the Dow Jones Market Data Group. That amounts to a loss of more than $9…
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