Wall Street’s building mania around artificial intelligence helped lift the market, even as worries worsen about political rancor in Washington. The S&P 500 rose 0.9 percent Thursday after chipmaker Nvidia gave a monster forecast for upcoming sales as it benefits from the rush into AI. Because of its immense size, Nvidia is one of the…
How Major US Stock Indexes Fared Wednesday
Wall Street fell again, part of a worldwide swoon for stocks as worries about the economy pile higher. The S&P 500 fell 0.7 percent Wednesday after House Speaker Kevin McCarthy said Republicans and Democrats remain far apart in efforts to prevent a default on the U.S. government’s debt. The main U.S. stock index is on…
How Major US Stock Indexes Fared Tuesday
Stocks slid on Wall Street as the U.S. government creeps closer to the edge of a potentially disastrous default on its debt. The S&P 500 fell 1.1 percent Tuesday as Democrats and Republicans still haven’t agreed on a deal to keep the U.S. government from running out of cash. Washington is facing a deadline as…
How Major US Stock Indexes Fared Monday
Stocks drifted to a mixed close as Wall Street waited to see whether a pivotal meeting later in the day will help the U.S. government avoid a potentially disastrous default on its debt. The S&P 500 closed little changed Monday. The Dow slipped 0.4 percent and the Nasdaq rose 0.5 percent. Big Tech was continuing…
50 Years After Last US Soldier Left Vietnam, Veterans Still Dying From Agent Orange
CAMP VERDE, Ariz.—When they were young men nearly 60 years ago, Dennis Blessman, David Lucas, and Jerry “Doc” Spulecki survived the war in Vietnam, only to fight another battle at home against a silent killer, Agent Orange, decades later. The men now suffer from similar “presumptive” conditions of service-related exposure to the highly toxic herbicide—ischemic…
Dow to Slash 2,000 Jobs as Part of $1 Billion Cost-Savings Plan
Dow Inc., a Michigan-based material science company, announced today that approximately 2,000 jobs will be cut globally as part of the corporation’s goal to save $1 billion this year. In a press release, Dow outlined a series of targeted actions to reduce spending through structural improvements and operating expenses, which the company expects to realize…
The Dow Is in a Bear Market, What Does That Mean?
The Dow Jones Industrial Average, the oldest of Wall Street’s three main stock indexes, dropped 1.1 percent on Monday, extending the decline from its January peak to more than 20 percent, meeting a common definition for a bear market. Worries that the Federal Reserve’s war against decades-high inflation is pushing the U.S. economy into a…
Dow, S&P 500 Climb as Upbeat Results From Walmart, Others Boost Optimism
NEW YORK—The Dow and S&P 500 rose on Tuesday as stronger-than-expected results and outlooks from Walmart and Home Depot bolstered views on the health of consumers, while technology shares declined and weighed on the Nasdaq. The S&P 500 consumer discretionary and staples sectors gave the benchmark index its biggest lift, while the S&P 500 retail…
Tech, Growth Stocks Lead Wall Street to Lower Close as Investors Focus on Interest Rates
NEW YORK—Major U.S. stock indexes closed mostly lower on Monday, led by a more than 2 percent drop in Nasdaq, as investors sold tech and big growth names ahead of this week’s Federal Reserve meeting and an expected hike in interest rates. The Dow ended flat, with financial and healthcare shares giving the index some…
Dow Subdued at Open as Surprise Jobs Growth Fans Inflation
The Dow opened flat on Friday, as data showing an unexpected jump in U.S. growth in January fanned fears around inflation, countering a boost from Amazon’s results at the end of a volatile week. The Dow Jones Industrial Average was down 15.4 points, or 0.04 percent, at the open to 35,095.74. The S&P 500 rose…
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