Facebook parent Meta saw its stock price plunge more than 20 percent intraday on Oct. 27, amid broader carnage in U.S. tech stocks as investors pulled back amid the impact of soaring inflation on ad spending. Shares of Meta were down as much as 24 percent on Thursday, trading at around $100, a low not…
Facebook Parent Meta Stock Plunges 24 Percent, Making Zuckerberg ‘Poorer’ by More Than $10 Billion
Stocks End Mixed on Wall Street Amid Weak Tech Earnings
Weak quarterly results from several big technology companies weighed on stocks Wednesday, leaving major indexes mixed on Wall Street. The S&P 500 fell 0.7 percent after shedding an early gain, while the tech-heavy Nasdaq composite dropped 2 percent. The lower finish ended a three-day winning streak for both indexes. The Dow Jones Industrial Average ended…
How Major US Stock Indexes Fared Wednesday Oct. 26, 2022
Stock ended mixed on Wall Street as investors weighed the latest batch of earnings reports, including weak results from several heavyweight technology companies. The S&P 500 fell 0.7 percent Wednesday after shedding an early gain, and the tech-heavy Nasdaq fell 2 percent. The Dow ended just barely in the green, thanks in part to a…
The Savings Game: Taking RMDs in stock
By Elliot Raphaelson From Tribune Content Agency IRA expert Ed Slott (irahelp.com), in a recent article, discussed an option for required minimum distributions (RMDs) that most investors are not aware of. When investors see the value of their equities fall, they don’t like selling shares in order to take required minimum distributions. Slott pointed out…
Stocks Fall Broadly on Wall Street as Inflation Worries Grow
More worries about inflation helped spur a broad slide for stocks Friday that left most of the major indexes on Wall Street in the red for the week and wiped out much of the market’s gains from a strong rally a day earlier. A report showing U.S. consumers raised their expectations for future inflation hurt…
How Major US Stock Indexes Fared Friday Oct. 7 , 2022
Wall Street lost more ground on worries that a still-strong U.S jobs market may actually make a recession more likely. The S&P 500 fell 2.8 percent Friday after the government said employers hired more workers last month than expected. The Dow Jones Industrial Average and the Nasdaq also fell sharply, and Treasury yields rose. Markets…
How Major US Stock Indexes Fared Tuesday Oct. 4, 2022
Stocks rose sharply again on Wall Street and clawed back more of the ground they lost in a miserable several weeks. The S&P 500 rose 3.1 percent Tuesday. The benchmark index has been rallying since hitting its lowest point of the year on Friday to close out a September slump. Other major U.S. indexes also…
Stocks End September Down 9.3 Percent, Worst Month Since March 2020
Wall Street closed out a miserable September on Friday with the S&P 500’s worst monthly skid since March 2020, when the coronavirus pandemic crashed global markets. The benchmark index ended the month with a 9.3 percent loss and posted its third straight losing quarter. It’s now at its lowest level since November 2020 and is…
How Major US Stock Indexes Fared Friday Sept. 30, 2022
Wall Street closed out a miserable September with a loss of 9.3 percent, the worst monthly decline since March 2020. The S&P 500 fell 1.5 percent Friday to its lowest level in almost two years. The benchmark index has lost ground for six of the last seven weeks and posted its third straight losing quarter….
US Stocks End Mixed a Day After Dow Entered a Bear Market
A wobbly day of trading on Wall Street ended with a mixed finish for U.S. stock indexes Tuesday as markets stagger amid worries about a possible recession. The volatile trading comes a day after a broad sell-off sent the Dow Jones Industrial Average into a bear market, joining other major U.S. indexes. The S&P 500…
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