NEW YORK—Stocks rose again Thursday after more companies reported better profits than expected, while yields climbed after a Federal Reserve official cautioned the end to its interest-rate hikes may not arrive as soon as Wall Street hoped. The S&P 500 gained 0.9 percent, adding to its rally from the day before as hopes rise further…
Stock Market Today: Wall Street Rises With Hopes US May Avoid Default
NEW YORK—Wall Street rallied Wednesday on hopes the U.S. government can avoid a potentially disastrous default on its debt. The S&P 500 climbed 1.2 percent, with much of the gain coming after President Joe Biden said he’s confident “America will not default.” The Dow Jones Industrial Average rose 408 points, or 1.2 percent, while the…
Stock Market Today: Wall Street Weakens as Energy Stocks, Home Depot Weigh
NEW YORK—Stocks on Wall Street sank Tuesday after Home Depot warned of flagging sales, the latest discouraging signal for an economy under pressure. The S&P 500 fell 26.38 points, or 0.6 percent, to 4,109.90. The Dow Jones Industrial Average dropped 336.46, or 1 percent, to 33,012.14, and the Nasdaq composite slipped 22.16, or 0.2 percent,…
Stock Market Today: Wall Street Rises Ahead of Updates on US Shoppers
NEW YORK—Wall Street ticked higher Monday ahead of reports that will show how much a slowing economy is hurting what’s prevented a recession so far: solid spending by U.S. households. The S&P 500 rose 12.20, or 0.3 percent, to 4,136.28, the latest tick higher in what’s been a listless weekslong run for the market. The…
Stock Market Today: Wall Street Steadies as Banks Stabilize
NEW YORK—Wall Street held steady Monday ahead of a week full of reports on some of the market’s biggest worries, including how stubbornly high inflation remains across the economy. The S&P 500 edged up by 1.87, or less than 0.1 percent, to 4,138.12 coming off its worst week in nearly two months. The Dow Jones…
Stock Market Today: Wall Street Sinks as Bank Fears Flare
NEW YORK—Stocks sank on Wall Street Thursday as worries cranked higher about a cracking U.S. banking system. The S&P 500 fell 0.7 percent to add to its loss for the week so far. The Dow Jones Industrial Average dropped 286 points, or 0.9 percent, and is now down for the year, while the Nasdaq composite…
PacWest Confirms It’s Considering Sale as Stock Selloff Deepens
Pacific Western Bank has confirmed that it’s exploring its “strategic options,” which is Wall Street code for the possibility of a sale to a white knight, with the bank saying it has been approached by potential investors. PacWest Bancorp, the California-based holding company that owns Pacific Western Bank, said in a statement on May 4…
Stock Market Today: Markets Slip After Latest Fed Rate Hike
NEW YORK—Stocks dipped Wednesday after the Federal Reserve announced its latest hike to interest rates but said it’s not sure what may come next. The S&P 500 fell 28.83, or 0.7 percent, to 4,090.75. The Dow Jones Industrial Average lost 270.29, or 0.8 percent, to 33,414.24, and the Nasdaq composite slipped 55.18, or 0.5 percent,…
Stock Market Today: Wall Street Drops as Banks Tumble Again
NEW YORK—Stocks slumped Tuesday after shares of beleaguered banks tumbled again and worries worsened about the economy. Rising fear sent yields sinking in the bond market, while Wall Street waited for the Federal Reserve’s latest move on interest rates and Washington edges closer to what would be a catastrophic default on U.S. government debt. The…
Stock Market Today: Stocks Stay Steady After Bank Failure
NEW YORK—The latest historic U.S. banking failure made few waves in markets, and stocks drifted Monday as Wall Street braces for what it hopes will be the last hike to interest rates for a long time. The S&P 500 was virtually unchanged after regulators seized First Republic Bank and sold off most of it in…
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