Another drop for stocks helped drag Wall Street to its first losing week in the last six. The S&P 500 closed 0.8 percent lower Friday, pulling back further from last week when it reached its highest level in more than a year. The Dow and the Nasdaq composite also fell. Stock markets abroad also fell…
Stock Market Today: Wall Street Falls to Close out Its First Losing Week in the Last 6
NEW YORK—Another drop for stocks on Friday has Wall Street on track to close out its first losing week in the last six. The S&P 500 was 0.7 percent lower in late trading, pulling back further from last week when it reached its highest level in more than a year. The Dow Jones Industrial Average…
Wall Street Opens Lower as Hawkish Fed Saps Market Mood
Wall Street’s main indexes opened lower on Friday as investor sentiment remained damp due to the hawkish interest-rate outlook by Federal Reserve Chair Jerome Powell in his two-day congressional testimony. The Dow Jones Industrial Average fell 111.05 points, or 0.33 percent, at the open to 33,835.66. The S&P 500 opened lower by 27.72 points, or…
Euro Slides on Weak Business Data; Hawkish Central Banks Boost Dollar
SINGAPORE—The euro fell after the bloc’s business growth virtually stalled this month, as the dollar drew support from a bout of risk aversion on Friday and hawkish comments from global central banks, including the Federal Reserve. The dollar index, which measures the currency against six others, was up 0.56 percent at 102.95, reversing three straight…
Oil Resumes Slide on Demand Worries After Latest Rate Hikes
June 23, 2023
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LONDON—Oil dropped for a second day on Friday and was heading for a weekly decline, as a UK interest rate hike added to concern over economic growth that outweighed lower U.S. crude stocks and other signs of tighter supplies. Both crude benchmarks had dropped about $3 on Thursday after the Bank of England raised interest…
Stock Market Today: Asian Shares Sink as Central Banks Crank Interest Rates Still Higher
June 23, 2023
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BANGKOK—Asian shares sank sharply Friday after several central banks around the world cranked interest rates higher in their fight against inflation. Hong Kong and Tokyo shed nearly 2 percent and most other regional markets declined. U.S. futures and oil prices also were lower. Japan reported its inflation rate was higher than expected, adding to expectations…
Stock Market Today: Wall Street Drifts as Central Banks Keep Cranking Interest Rates Higher
NEW YORK—Stocks drifted to a mixed finish on Wall Street Thursday as central banks around the world keep cranking interest rates higher in their fight against inflation. The S&P 500 rose 16.20, or 0.4 percent, to 4,381.89, even though the majority of stocks fell. A rebound for technology stocks helped to overshadow losses elsewhere in…
How Major US Stock Indexes Fared June 22
Stocks drifted to a mixed close on Wall Street after central banks around the world showed they’re not done cranking interest rates higher in their fight against inflation. The S&P 500 rose 0.4 percent Thursday. Most stocks in the index fell, but gains from some big technology stocks countered losses elsewhere. The Nasdaq rose 1…
A.I. Hype Similar to 1999, But Be Careful Calling it a Bubble: Investor
The stock market has been soaring for most of this year, with much of the gains due to excitement surrounding artificial intelligence. Nvidia’s stock alone is up more than 200 percent this year. Many investors are comparing what’s happening now to the dot-com bubble of the early 2000s. But it is really a bubble this…
Wall Street Opens Lower as Powell Firm on Interest Rate Hikes
Wall Street’s main indexes opened lower on Thursday, a day after Federal Reserve Chair Jerome Powell stuck to his hawkish stance on interest rate path and ahead of his second day of testimony before a Senate committee. The Dow Jones Industrial Average fell 51.05 points, or 0.15 percent, at the open to 33,900.47. The S&P…
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