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Wall Street Climbs as Fed Sees Progress in Inflation Fight
Stocks Do U-Turn
After Fed Chief Speaks
MARKETS

Stocks Do U-Turn After Fed Chief Speaks

S&P 500 jumps from 1% loss to 1% gain as Powell sees progress against inflation

(Newser) - Stocks climbed Wednesday to send Wall Street to its best level since the summer following the latest hike to interest rates by the Federal Reserve, which said it’s finally seeing improvements in inflation. The S&P 500 rallied back from an early 1% loss to finish 1% higher 4,...

Wall Street Adds to a Strong January
Wall Street
Ends January
on a Strong Note
MARKETS

Wall Street Ends January on a Strong Note

But McDonald's fell despite strong profits

(Newser) - Wall Street closed out a strong January with more gains. The S&P 500 rose 58.83 points Tuesday, or 1.5%, to 4,076.60, marking its third winning month in the last four. The Dow Jones Industrial Average rose 368.95 points, or 1.1%, to 34,086....

Stocks Drop as Investors Prepare for Fed Decision

Earnings reports, jobs report also due this week

(Newser) - Stocks closed lower on Wall Street ahead of a week full of potentially market-moving events. The S&P 500 fell 52.79 points, or 1.3%, to 4,017.77 Monday as markets prepared for decisions on interest rates around the world and a slew of earnings reports. The Dow...

Stocks Rebound From Big Losses in 'Jekyll and Hyde' Market
Indexes Finish Flat in
'Jekyll and Hyde' Market
MARKETS

Indexes Finish Flat in 'Jekyll and Hyde' Market

Microsoft rebounded from big losses in early trading

(Newser) - Stocks shook off an early slide and wound up little changed Wednesday as worries about corporate profits weighed on the market. The S&P 500 fell 0.73 points, or less than 0.1%, to 4,016.22. The Dow Jones Industrial Average rose 9.88 points, or less than...

3M Drops 6.3% After Disappointing Earnings Report

Indexes drifted between gains, losses

(Newser) - Stocks ended mixed on Wall Street Tuesday after drifting between gains and losses as more big US companies delivered their earnings reports for the last three months of 2022. Some of them came up short of what investors were expecting, leading to drops in their stock prices, the AP reports....

Markets Rally as Fed Rate Move Approaches
Markets Rally as
Fed Rate Move
Approaches
MARKETS

Markets Rally as Fed Rate Move Approaches

Tech stocks led the way, with Nasdaq up 2%

(Newser) - Stocks closed higher on Wall Street as investors grew more convinced the Federal Reserve will keep downshifting the size of its rate hikes and as several major companies prepared to report their latest results. Tech companies led the way in a broad rally, pushing the Nasdaq composite up 223.98...

Wall Street Just Had Its Biggest Pullback of the Year

Dow fell 614 points

(Newser) - Wall Street had its biggest pullback of the year Wednesday as a January market rally sputtered. Technology stocks led the way lower, including a 1.9% drop in Microsoft after the tech titan joined others in its industry in announcing layoffs . Weak readings on retail sales and industrial production also...

Dow Dragged Down by Goldman Sachs Results
Goldman Sachs Reports
66% Fall in Profit
MARKETS

Goldman Sachs Reports 66% Fall in Profit

Dow drops 392 points

(Newser) - Major US indexes closed mixed on Wall Street at the beginning of a holiday-shortened, but earnings-heavy week. The S&P 500 fell 8.12 points, or 0.2%, to 3,990.97. The Nasdaq rose 15.96 points, or 0.1%, to 11,095.11. The Dow Jones Industrial Average...

Markets Rally Ahead of Key Report on Inflation
Markets Rally Ahead of
Key Report on Inflation
MARKETS

Markets Rally Ahead of Key Report on Inflation

Optimism has caused 'mini-rebound'

(Newser) - Stocks closed higher on Wall Street as investors made their final moves ahead of a highly anticipated report on inflation. The S&P 500 rose 1.3% Wednesday, its second straight gain before Thursday morning's inflation data. Economists expect the report to show that inflation continued to cool last...

Stocks Edge Higher Ahead of Inflation Report
Stocks Edge Higher as
Inflation Report Looms
MARKETS

Stocks Edge Higher as Inflation Report Looms

Fed chair didn't offer any clues in Stockholm remarks

(Newser) - Stocks ticked higher in quiet trading on Wall Street Tuesday, ahead of some potentially market-moving reports scheduled for later in the week. The S&P 500 rose 27.16 points, or 0.7%, to 3,919.25 after drifting between small gains and losses through the day. The Dow Jones...

Macy's, Lululemon Fall After Cautious Forecasts

Markets gave up early gains Monday

(Newser) - Stocks gave up early gains and drifted to a mixed close on Wall Street. Weakness in health care companies worsened throughout the day. Stocks are coming off their first weekly gain in five on hopes the Federal Reserve may ease up on its economy-shaking hikes to interest rates as inflation...

Stocks Break Losing Streak
Fed Meeting Minutes
Limit Market Gains
MARKETS

Fed Meeting Minutes Limit Market Gains

But market still broke a losing streak

(Newser) - Stocks ended higher on Wall Street after a day of wavering as minutes from the Federal Reserve’s last meeting of policymakers underscored how the central bank remains determined to keep rates high to crush inflation. The S&P 500 rose 28.83 points, or 0.8%, to 3,852....

Wall Street Starts 2023 on a Gloomy Note
Wall Street Starts 2023
on a Gloomy Note
MARKETS

Wall Street Starts 2023 on a Gloomy Note

Major indexes drop on year's first trading day

(Newser) - Stocks fell on Wall Street’s first trading day of 2023 after closing out its worst year since 2008. The S&P 500 fell 15.36 points on Tuesday, or 0.4%, to 3,824.14. The Dow Jones Industrial Average fell 10.88 points, or less than 0.1%,...

Stocks Headed for Worst Year Since 2008

The picture is even worse for cryptocurrencies

(Newser) - Friday is the last trading day in a year many on Wall Street will be glad to see the last of. Stock futures fell overnight, leaving major indexes on course for their worst year since 2008, CNBC reports. The S&P 500 dropped 19.24% in 2022, the Nasdaq plunged...

Southwest Stock Slides for a 2nd Day
Southwest Stock
Slides for a 2nd Day
MARKETS

Southwest Stock Slides for a 2nd Day

S&P 500 is headed for its worst year since 2008

(Newser) - A broad slide for stocks added to Wall Street's recent losses Wednesday, as investors count down to the end of the worst year for the S&P 500 since 2008. The S&P 500 fell 1.2%, with technology, energy, and industrial stocks among the biggest weights on the...

Tesla Slides 11.4% for Biggest Decline in S&P 500

Shanghai production issues add to automaker's woes

(Newser) - Stocks closed lower Tuesday, adding to the market's recent losses as Wall Street counts down its final days of a painful year for investors. A slide in technology companies, automakers, and airlines weighed on the market, offsetting gains in energy stocks and other sectors, the AP reports. News that...

Nike Surges 12.2% After Results Beat Expectations

Consumer confidence report gives markets a boost

(Newser) - Stocks rose on Wall Street Wednesday, lifting major indexes into the green for the week as investors welcomed a report showing consumer confidence is holding up better than expected. That’s despite the Federal Reserve’s campaign to fight inflation by reining in the economy with sharp increases in interest...

Surprise Japan Move Rattles Bond Markets
Surprise Japan Move
Rattles Bond Markets
MARKETS

Surprise Japan Move Rattles Bond Markets

Tesla stock is on course for its worst-ever month

(Newser) - Stocks closed modestly higher on Wall Street Tuesday, while bond markets around the world felt pain after a surprise move from Japan’s central bank cranked the pressure even higher on the already slowing global economy. The S&P 500 rose 3.96 points, or 0.1%, to 3,821....

Stocks Drop as Investors Brace for Higher Rates
Meta Drops 4.1% After
Antitrust Accusation
MARKETS

Meta Drops 4.1% After Antitrust Accusation

EU accuses Facebook's parent company of distorting competition in online ads

(Newser) - Stocks closed lower on Wall Street as investors brace for higher interest rates from central banks to fight inflation. The S&P 500 fell 34.70 points Monday, or 0.9%, to 3,817.66. The Dow Jones Industrial Average fell 162.92 points, or 0.5%, to 32,757....

Stocks Slump After Fed Disappoints Investors
Stocks Slump After Fed
Disappoints Investors
MARKETS

Stocks Slump After Fed Disappoints Investors

Interest rates will stay higher than markets had expected

(Newser) - Stocks ended lower in bumpy trading on Wall Street after the Federal Reserve raised its benchmark interest rate in its fight against inflation and signaled that more hikes lay ahead. As expected, the central bank raised its key short-term rate by half a percentage point Wednesday, marking its seventh increase...

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