The corporate earnings season is in full swing, and investors are feeling the heat as concerns grow about the struggles of some of the largest U.S. companies amidst rising rates and recession fears. On Wednesday, the Dow Jones Industrial Average fell by 190 points, or 0.56%, the Nasdaq Composite dropped 1%, and the S&P 500 … Read more
Stocks fell on Tuesday as investors struggled to maintain momentum during a busy stretch of corporate earnings. The Dow Jones Industrial Average fell by 166 points or 0.5%, the S&P 500 slipped by 0.6%, and the Nasdaq Composite dropped by 0.4%. The market moves on Tuesday came after a solid start to the week, with … Read more
Initial claims for unemployment insurance totaled 260,000 last week, near the highest level since November amid a shift in the U.S. labor market. The total for the week ended July 30 was in line with the Dow Jones estimate but a gain of 6,000 from the previous week’s downwardly revised level, the Labor Department reported … Read more
Core PCE rate rises 0.3% for the third straight month The numbers: A key measure of U.S. inflation rose just 0.2% in April to mark the smallest increase in a year and a half, aided by lower gas prices. Yet there were other hints that a surge in U.S. inflation might be abating. The increase in … Read more
The unemployment rate holds steady at 3.6% to remain near 54-year low The numbers: The U.S. added a solid 428,000 new jobs in April, but an acute labor shortage showed little improvement last month and threatens to add to the highest inflation in 40 years. Employment has risen by 400,000-plus for 12 straight months and the … Read more
Critical information for the U.S. trading day Investors are trying to regroup following the worst month since the pandemic, and Friday’s session that ended with the Dow tanking nearly 1,000 points and the S&p 500 pushing back into correction territory. All eyes are on this week’s monumental Fed meeting, where a 50 basis-point rate hike … Read more
Rising VIX signals more equity weakness ahead: strategist U.S. stocks fell sharply Friday, extending losses and investors weigh up hawkish comments on interest rates by Federal Reserve Chairman Jerome Powell while earnings reports disappointed. How are stocks trading? The Dow Jones Industrial Average DJIA, -1.51% was down 483 points, or 1.4%, at 34,309, after falling more than 500 … Read more
U.S. stock indexes were trading mostly higher Wednesday morning, as investors tried to shake off disappointing results from Netflix Inc. and focused on more earnings reports and an update on economic conditions from the Federal Reserve due later in the session. How are stocks trading? The Dow Jones Industrial Average DJIA, +0.90% gained 260 points, or 0.8%, to … Read more
U.S. stocks rose Tuesday, after two days of falls, as investors focused on a report showing so-called core inflation slowing even as consumer prices rose by the fastest rate in 40 years. What’s happening The Dow Jones Industrial Average DJIA, +0.47% rose 188 points, or 0.5%, to 34,496. The S&P 500 SPX, +0.67% was up 31 points, or 0.7%, at 4,443. … Read more
U.S. stocks were mixed Friday, with major indexes on track for weekly losses as investors continued to digest the Federal Reserve’s plans to aggressively raise interest rates and shrink its balance sheet with key inflation data and corporate earnings reports looming next week. What’s happening The Dow Jones Industrial Average DJIA, +0.64% rose 203 points, or 0.6%, to … Read more
