Stocks sank Friday, pacing toward a second-straight weekly loss, as more downbeat news on the U.S. economy accelerated a move lower. Near 12:45 p.m. ET, the S&P 500 and Dow were off around 1.5%, while the Nasdaq fell 1.3%. Earlier in the session, the Nasdaq had moved into positive territory. The latest leg lower for … Read more
U.S. stocks tumbled Monday as unrest in China over the nation’s restrictive COVID controls weighed on global sentiment and Wall Street returned from a holiday weekend. The S&P 500 (^GSPC) sank 1.2%, while the Dow Jones Industrial Average (^DJI) fell nearly 400 points, or 1.1%. The technology-heavy Nasdaq Composite (^IXIC) was off by 1.1%. The moves come … Read more
Stocks rose on Wednesday afternoon following the release of the minutes from the Federal Reserve’s latest policy meeting, which signaled a likely slowdown in the central bank’s pace of rate hikes. Near 2:05 p.m. ET on Wednesday, the S&P 500 was up 0.6% and the Dow was up 0.3%, both session highs, with the Nasdaq was … Read more
Wall Street seems to love this comeback story. Disney (DIS) stock soared early Monday, rising as much as 9% in early trading, after the media giant announced that former CEO Bob Iger will return to lead the company as its chief executive officer, effective immediately. Iger replaces Bob Chapek, who has stepped down from his position after … Read more
U.S. stocks churned ahead Friday as investors neared the end of a turbulent trading week marked by mixed retail earnings and a chorus of hawkish Fedspeak. The S&P 500 (^GSPC) rose 0.4%, while the Dow Jones Industrial Average (^DJI) added 180 points, or 0.6%. The technology-heavy Nasdaq Composite (^IXIC) lagged, wavering around the flatline. Treasury … Read more
U.S. stocks fell on Wednesday, likely raising concerns that the bear market won’t come to an end anytime soon. But certain sectors have out-performed the broader market and caught investors’ eyes. Check out the performance of the S&P 500 sectors since the broader market bottomed in mid-October. Cyclical and value sectors dominate the top spots, as … Read more
The S&P 500 was little changed on Monday after it posted its biggest weekly gain in almost five months on the back of easing inflation data. The stock market was divided to start the week. The broad-market index hovered around the flat line while the tech-heavy Nasdaq Composite slid 0.7%, and the Dow Jones Industrial … Read more
Stocks and bonds had an especially bullish reaction to new data out Thursday showing that inflation continues to moderate after reaching a 40-year high over the summer. The Dow (^DJI), Nasdaq (^IXIC), S&P 500 (^GSPC) and Russell 2000 (^RUT) each had their best day since the 2020 pandemic lows. The 5- and 10-year Treasury Notes (^FVX, ^TNX) saw … Read more
Stocks were lower on Wednesday — following recent market gains — as results of the midterm elections provided no clear answers about who would control Congress yet. Futures tied to the Dow Jones Industrial Average fell 224 points, or about 0.7%. The S&P 500 shed 0.6%, and the Nasdaq Composite slid 0.7%. Stocks are coming off three-straight … Read more
U.S. stocks sank lower early Thursday as Wall Street reeled from assertions by Federal Reserve Chair Jerome Powell that hopes for a policy pivot were “premature” after the central bank delivered a fourth consecutive interest rate hike of 75 basis points. The S&P 500 (^GSPC) fell 1.2% at open after the index plunged 2.5% in the previous session, … Read more
