Wall Street drifts lower as markets worldwide pull back
1 year, 5 months ago

Wall Street drifts lower as markets worldwide pull back

LA Times  

Hope is rising that inflation is cooling enough to get the Federal Reserve to soon stop its interest rate hikes, which undercut inflation by slowing the entire economy. It has defied predictions for a recession because of a job market that’s remained remarkably solid despite much higher interest rates meant to bring down inflation. “The Fed has either gone too far and damaged the economy, and we just haven’t seen it yet, or they haven’t.” “We’ll see that in due time,” he said, saying one or two more increases of a quarter of a percentage point won’t have that much of an effect by themselves. Mayfield said he’s particularly interested to hear from companies that sell directly to consumers, to see whether the main pillar holding up the U.S. economy is weakening at all.

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History of this topic

Wall Street rises to turn a dismal week into just a bad one
5 days, 2 hours ago

Wall Street rises to turn a dismal week into just a bad one

Associated Press  

NEW YORK — U.S. stocks rose Friday to turn what would have been one of the market’s worst weeks of the year into just a pretty bad one. The threat of higher inflation was one of the reasons Fed Chair Jerome Powell gave this week when the central bank hinted it may deliver fewer cuts to interest rates next year …

Stock market today: Wall Street ends little changed after giving up a big morning gain
6 days, 1 hour ago

Stock market today: Wall Street ends little changed after giving up a big morning gain

Associated Press  

NEW YORK — An early rebound for U.S. stocks on Thursday petered out by the end of the day, leaving indexes close to flat. The S&P 500 edged down by 0.1% following Wednesday’s tumble of 2.9% when the Federal Reserve said it may deliver fewer cuts to interest rates next year than earlier thought. The computer memory company’s revenue fell …

US stocks fall sharply and Dow tumbles 1,100 points after the Fed hints at just 2 rate cuts for 2025
1 week ago

US stocks fall sharply and Dow tumbles 1,100 points after the Fed hints at just 2 rate cuts for 2025

Associated Press  

NEW YORK — U.S. stocks tumbled to one of their worst days of the year after the Federal Reserve hinted Wednesday it may deliver fewer shots of adrenaline for the U.S. economy in 2025 than earlier thought. The Fed said Wednesday it’s cutting its main interest rate for a third time this year, continuing the sharp turnaround begun in September …

Stock market today: Nasdaq hits a record as Wall Street drifts ahead of Federal Reserve’s meeting
1 week, 2 days ago

Stock market today: Nasdaq hits a record as Wall Street drifts ahead of Federal Reserve’s meeting

Associated Press  

NEW YORK — U.S. stock indexes drifted amid mixed trading Monday, ahead of this week’s upcoming meeting by the Federal Reserve that could set Wall Street’s direction into next year. Broadcom leaped 11.2% to help lead the S&P 500 for a second straight day after delivering a profit report last week that beat analysts’ expectations. The market’s main event, though, …

Wall Street’s rally stalls as Nasdaq pulls back from its record
1 week, 6 days ago

Wall Street’s rally stalls as Nasdaq pulls back from its record

LA Times  

People pass the New York Stock Exchange in New York’s Financial District on Wednesday. “One week doesn’t negate what has been a relatively steady stream of solid labor market data, but the Fed is primed to be sensitive to any signs of a softening jobs picture,” he said. He rang the bell marking the start of trading at the New …

Wall Street today: US stocks edge higher after inflation data boosts rate cut hopes
1 week, 6 days ago

Wall Street today: US stocks edge higher after inflation data boosts rate cut hopes

Live Mint  

US stocks edged higher on Wednesday after November CPI inflation data boosted hopes for interest rates cut by the Federal Reserve later this month. ET, the Dow Jones Industrial Average fell 9.26 points, or 0.02 per cent, to 44,238.61, the S&P 500 gained 46.31 points, or 0.77 per cent, to 6,081.22 and the Nasdaq Composite gained 291.54 points, or 1.48 …

Wall Street today: US stocks edge higher after strong jobs data
2 weeks, 4 days ago

Wall Street today: US stocks edge higher after strong jobs data

Live Mint  

Wall Street stocks edged higher on Friday after payrolls data showed growth in jobs in November. As of 10:05 am Eastern time, the S&P 500 added 0.3 per cent, the Dow Jones Industrial Average was or 0.1 per cent higher, and the Nasdaq Composite climbed 0.6 per cent. At the opening bell, the Dow Jones Industrial Average rose 58.6 points, …

Stock market today: Wall Street rises following last week’s slide
1 month, 1 week ago

Stock market today: Wall Street rises following last week’s slide

Associated Press  

NEW YORK — Most U.S. stocks ticked higher Monday to recover some of their sharp slide from last week. Investors had sent the S&P 500 nearly 4% higher in the days immediately following Trump’s presidential win. Bank stocks, smaller companies and other areas of the market seen as the biggest winners from Trump’s preference for lower tax rates, higher tariffs …

Wall Street rises following last week’s slide
1 month, 1 week ago

Wall Street rises following last week’s slide

LA Times  

The Standard & Poor’s 500 index rose 0.4% for its first gain in three sessions. Stocks of banks, smaller companies and other areas of the market seen as the biggest winners from Trump’s preference for lower tax rates, higher tariffs and lighter regulation did particularly well. That could tie the Federal Reserve’s hands, when the central bank is trying to …

Stock market today: Wall Street tumbles as the “Trump bump” fades and vaccine makers sink
1 month, 1 week ago

Stock market today: Wall Street tumbles as the “Trump bump” fades and vaccine makers sink

Associated Press  

NEW YORK — U.S. stocks tumbled Friday as the “Trump bump” that Wall Street got from last week’s presidential election, along with a cut to interest rates by the Federal Reserve, kept fading. “Kennedy’s appointment may make it less likely traditional qualified experienced staff will agree to join HHS, creating more uncertainty.” Biotech stocks broadly sank to some of the …

Stocks tumble on Wall Street as the ‘Trump bump’ fades and vaccine makers sink
1 month, 1 week ago

Stocks tumble on Wall Street as the ‘Trump bump’ fades and vaccine makers sink

LA Times  

Trader Robert Charmak works on the floor of the New York Stock Exchange last week. U.S. stocks tumbled Friday as the “Trump bump” that Wall Street got from last week’s presidential election, along with a cut to interest rates by the Federal Reserve, kept fading. Besides Friday’s hit to vaccine makers, Treasury yields have been climbing on both the economy’s …

Wall Street drifts to a mixed finish after an inflation update
1 month, 1 week ago

Wall Street drifts to a mixed finish after an inflation update

LA Times  

The Standard & Poor’s 500 index was nearly unchanged Wednesday and edged up by less than 0.1%. U.S. stocks drifted to a mixed finish Wednesday after the latest inflation update boosted hopes that more help for the economy will arrive next month through a cut to interest rates. “Bang in-line core inflation leaves the Fed on track to cut rates …

Stock market today: Wall Street drifts lower as the Trump trade cools
1 month, 1 week ago

Stock market today: Wall Street drifts lower as the Trump trade cools

Associated Press  

NEW YORK — U.S. stocks drifted lower Tuesday as momentum cooled for the torrid “Trump trade” that swept Wall Street following Donald Trump’s presidential victory. Stocks had been broadly rising since last week on expectations that Trump’s preference for lower tax rates and other policies may mean faster economic growth, as well as bigger U.S. government debt and higher inflation. …

Wall Street drifts lower after post-election surge
1 month, 1 week ago

Wall Street drifts lower after post-election surge

LA Times  

A pair of traders work in their booth on the floor of the New York Stock Exchange. U.S. stocks drifted lower Tuesday as momentum cooled for the torrid “Trump trade” that swept Wall Street after Donald Trump’s presidential victory. Stocks had been broadly rising since last week on expectations that Trump’s preference for lower tax rates and other policies may …

Wall Street drifts ahead of election day and a manic week for markets
1 month, 3 weeks ago

Wall Street drifts ahead of election day and a manic week for markets

LA Times  

A screen on the floor of the New York Stock Exchange on Monda shows a broadcast talking about presidential hopefuls Kamala Harris and Donald Trump. And in 2020, U.S. stocks climbed immediately after election day and kept going even after former President Trump refused to concede and challenged the results, creating plenty of uncertainty. A Trump victory would be less …

Wall Street drifts around its records after latest encouraging economic data
2 months, 1 week ago

Wall Street drifts around its records after latest encouraging economic data

LA Times  

U.S. stocks drifted around their record heights Thursday after the latest signals that the U.S. economy continues to hum. Nvidia and other companies in the chip industry were some of the market’s strongest after global heavyweight Taiwan Semiconductor Manufacturing Co. reported bigger profit for the latest quarter than analysts expected. A separate report, meanwhile, said fewer U.S. workers applied for …

Wall Street slides after Treasury yields climb back above 4% and oil rises
2 months, 2 weeks ago

Wall Street slides after Treasury yields climb back above 4% and oil rises

LA Times  

U.S. stocks slid Monday after Treasury yields hit their highest levels since the summer and oil prices continued to climb. But Friday’s jobs report was so strong that it also forced traders to ratchet back forecasts for how much the Fed will ultimately cut interest rates. It’s more difficult to look attractive to investors seeking income when a 10-year Treasury …

Dow sets a record as Wall Street drifts to the finish of another winning week
2 months, 4 weeks ago

Dow sets a record as Wall Street drifts to the finish of another winning week

LA Times  

U.S. stocks closed another record-setting week with a muted performance Friday, as hope built on Wall Street that the U.S. economy can manage the rare feat of suppressing high inflation without causing a recession. U.S. employers have slowed their hiring, and the inflation report on Friday also showed that growth in U.S. consumer spending in August fell shy of economists’ …

Stock market today: Wall Street ticks to another record as stocks worldwide rally
2 months, 4 weeks ago

Stock market today: Wall Street ticks to another record as stocks worldwide rally

LA Times  

U.S. stocks rose to another record Thursday as financial markets around the world rallied again. The hope on Wall Street is for a form of financial nirvana where the U.S. economy’s growth can hold steady and keep profits for companies humming while the Federal Reserve continues to lower interest rates. It’s now cutting them to make things easier for the …

Wall Street drifts to more records after Chinese stocks soar
3 months ago

Wall Street drifts to more records after Chinese stocks soar

LA Times  

U.S. stocks drifted to more records Tuesday after Chinese stocks soared following a slew of moves by the Chinese central bank to prop up the world’s second-largest economy. It’s now lowering rates to make things easier for the U.S. economy after keeping them high for years in hopes of extinguishing high inflation. AutoZone’s stock slipped 0.2% after the seller of …

Wall Street drifts higher to set more records
3 months ago

Wall Street drifts higher to set more records

LA Times  

The flag of Argentina flies on the front of the New York Stock Exchange where Argentine President Javier Milei rang the opening bell Monday. Financial markets have broadly been romping higher after the Federal Reserve last week cut its main interest rate for the first time in more than four years by an unusually large amount. The overall figures suggest …

Stock market today: Asian markets forge higher after Fed's first rate cut in over 4 years
3 months ago

Stock market today: Asian markets forge higher after Fed's first rate cut in over 4 years

The Independent  

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Most of Wall Street edges lower after Fed delivers a big cut to rates
3 months, 1 week ago

Most of Wall Street edges lower after Fed delivers a big cut to rates

LA Times  

Trader Michale Conlon works on the floor of the New York Stock Exchange as Federal Reserve Chair Jerome H. Powell’s news conference appears on a TV screen on Sept. 18, 2024. “That’s the situation we’re in.” The only question is how much the Fed will ultimately cut rates to do so, which can prove to be a tricky balance. The …

Stock market today: Asian benchmarks dip after Wall Street's mixed finish
3 months, 2 weeks ago

Stock market today: Asian benchmarks dip after Wall Street's mixed finish

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Asian shares traded mostly lower …

Stock market today: Wall Street drifts as Oracle soars and banks and oil slump
3 months, 2 weeks ago

Stock market today: Wall Street drifts as Oracle soars and banks and oil slump

LA Times  

An American flag hangs from the front of the New York Stock Exchange on Tuesday in New York. JPMorgan Chase fell 5.2% after its chief operating officer said analysts’ expectations for an underlying measure of its profit may be “too high.” Goldman Sachs dropped 4.4% after its chief executive said its trading revenue for the current quarter is trending down …

Most of Wall Street slips as S&P 500 stays on track for worst week since April
3 months, 2 weeks ago

Most of Wall Street slips as S&P 500 stays on track for worst week since April

LA Times  

The Standard & Poor’s 500 slipped 0.3% for a third straight drop, and the Dow lost 0.5%. Most U.S. stocks fell Thursday after a mixed round of data on the economy, keeping them on track for their worst week since April. The Standard & Poor’s 500 slipped 0.3% for a third straight drop, and the Dow Jones industrial average lost …

Stock market today: Wall Street rallies near its record heights as ‘time has come’ for cuts to rates
4 months ago

Stock market today: Wall Street rallies near its record heights as ‘time has come’ for cuts to rates

Associated Press  

NEW YORK — U.S. stocks rallied close to their records Friday after the head of the Federal Reserve finally said out loud what Wall Street has been expecting for a while: Cuts to interest rates are coming soon to help the economy. The S&P 500 rose 1.1% after Fed Chair Jerome Powell said in a highly anticipated speech that the …

Wall Street ticks higher after inflation data clears the way for cuts to rates
4 months, 1 week ago

Wall Street ticks higher after inflation data clears the way for cuts to rates

LA Times  

The Standard & Poor’s 500 index rose 0.4% on Wednesday to follow up on one of its best days of the year and climb within 3.7% of its all-time high set last month. The Standard & Poor’s 500 index rose 0.4% to follow up on one of its best days of the year and climb within 3.7% of its all-time …

Buckle up: Wall Street’s shaky July could be a preview for more sharp swings
4 months, 3 weeks ago

Buckle up: Wall Street’s shaky July could be a preview for more sharp swings

Associated Press  

NEW YORK — For more than a year, the U.S. stock market went in mostly one direction, up, and in mostly one manner, quietly. A bonanza around artificial-intelligence technology helped drive Big Tech stocks higher, while other areas of the market held up amid rising hopes for coming cuts to interest rates by the Federal Reserve. A measure of fear …

Stock market today: Asian benchmarks are mixed as Tokyo sips on strong yen
4 months, 3 weeks ago

Stock market today: Asian benchmarks are mixed as Tokyo sips on strong yen

Associated Press  

TOKYO — Asian shares traded mixed Thursday as Tokyo’s benchmark plunged as the U.S. dollar sank against the yen. The widespread gains came as Treasury yields eased in the bond market after the Federal Reserve gave the clearest indication yet that it could begin lowering interest rates in September. Fed Chair Jerome Powell said policy makers are “getting closer to …

Stock market today: Wall Street rolls to the edge of records as hopes remain for cuts to rates
5 months, 1 week ago

Stock market today: Wall Street rolls to the edge of records as hopes remain for cuts to rates

Associated Press  

NEW YORK — U.S. stocks rose Friday after some mixed signals on big banks’ profits and inflation did little to dent Wall Street’s belief that easier interest rates are on the way. In the bond market, which has been home to some of Wall Street’s strongest action this week, Treasury yields yo-yoed after the release of the latest update on …

Stock market today: Asian shares are mostly higher after Wall Street hits more records
5 months, 3 weeks ago

Stock market today: Asian shares are mostly higher after Wall Street hits more records

Associated Press  

BANGKOK — Shares were mostly higher in Asia on Thursday after Wall Street’s record-breaking rally powered on. The data could keep the Federal Reserve on course to deliver the cuts to interest rates later this year that Wall Street desires. One report said activity for businesses in the real estate, retail trade and other U.S. services industries contracted in June …

Stock market today: Wall Street coasts to the close of another winning week as Nvidia cools again
6 months ago

Stock market today: Wall Street coasts to the close of another winning week as Nvidia cools again

Associated Press  

NEW YORK — U.S. stocks coasted to the close of their latest winning week on Friday, as Nvidia ’s stock continued to cool from its startling, supernova run. AP AUDIO: Stock market today: Wall Street drifts as Nvidia loses some more momentum AP correspondent Seth Sutel has the AP Markets in a Minute report for the final day of the …

Stock market today: Asian stocks rise after Wall Street barrels to records
6 months, 2 weeks ago

Stock market today: Asian stocks rise after Wall Street barrels to records

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Asian markets rose Thursday after …

Stock market today: Asian shares track Wall Street slump triggered by strong US spending data
8 months, 1 week ago

Stock market today: Asian shares track Wall Street slump triggered by strong US spending data

Associated Press  

BANGKOK — Asian shares skidded Tuesday following a slump on Wall Street after higher yields in the U.S. bond market cranked up pressure on stocks. Traders want lower interest rates, which can give the overall economy a boost, and much of the U.S. stock market’s run to records recently was built on expectations for cuts. But strong reports like Monday’s, …

Wall Street rallies to records as Federal Reserve sees rate cuts for 2024
9 months ago

Wall Street rallies to records as Federal Reserve sees rate cuts for 2024

Associated Press  

TOKYO — Asian benchmarks were mostly higher on Thursday after U.S. stocks rallied to records following the Federal Reserve’s i ndication that it expects to deliver interest rate cuts later this year. Some of Wall Street’s nervousness coming into the day washed away after the Fed released a survey of its policy makers, which showed the median still expects the …

Stock market today: Wall Street slips further away from records amid inflation worries
9 months, 1 week ago

Stock market today: Wall Street slips further away from records amid inflation worries

Associated Press  

Wall Street closed out its second straight losing week Friday, giving back some of the gains that helped push the stock market to an all-time high earlier in the week. Inflation remains the big concern for Wall Street amid hopes for the Federal Reserve to start cutting interest rates. A report on consumer prices this week showed inflation remains stubborn, …

Stock market today: Asian markets retreat after data dash hopes that a US rate cut is imminent
9 months, 1 week ago

Stock market today: Asian markets retreat after data dash hopes that a US rate cut is imminent

Associated Press  

BEIJING — Asian markets retreated Friday, with Hong Kong’s benchmark falling 2%, after a mixed batch of data on the U.S. economy dashed hopes that easier interest rates are coming soon. It’s the latest in a string of data on inflation that’s been worse than forecast, which has kept the door closed on earlier hopes that the Federal Reserve could …

Stock market today: Asia stocks mixed after Wall Street slumps to worst day in weeks
9 months, 2 weeks ago

Stock market today: Asia stocks mixed after Wall Street slumps to worst day in weeks

The Independent  

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Stock market today: Wall Street skids after inflation remains stubbornly high
10 months, 1 week ago

Stock market today: Wall Street skids after inflation remains stubbornly high

Hindustan Times  

NEW YORK — Stocks fell sharply after disappointing data on inflation made investors confront the bitter possibility that interest rates will stay high for months longer than they were hoping. The worse-than-expected inflation report may have put the final nail into hopes that the Federal Reserve could deliver its first interest rate cut in March. Stocks of smaller companies fell …

Wall Street slips from all-time high as interest rate cuts look further off
10 months, 2 weeks ago

Wall Street slips from all-time high as interest rate cuts look further off

LA Times  

Stocks fell as traders delayed their expectations for when the Federal Reserve will begin cutting its main interest rate. Stocks slipped Monday after the latest signal that the economy remains strong, which could delay the interest rate cuts that Wall Street wants. They rose as traders on Wall Street delayed their expectations for when the Federal Reserve will begin cutting …

Stock market today: Asian shares follow Wall Street gains, Hong Kong stocks near 15-month low
11 months ago

Stock market today: Asian shares follow Wall Street gains, Hong Kong stocks near 15-month low

The Independent  

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Wall Street’s hopes for rate cuts may be too optimistic, like they’ve been so many times before
11 months, 2 weeks ago

Wall Street’s hopes for rate cuts may be too optimistic, like they’ve been so many times before

Associated Press  

NEW YORK — Even when everyone agrees the interest-rate cuts that Wall Street craves so much are coming, there’s still room for potential disappointment. Since the Federal Reserve hinted last month its drastic rate hikes to get inflation under control may be done, bets have built on how much the Fed will lower its main interest rate in 2024. “All …

Stock market today: Asian markets track Wall Street's decline, eroding last year's gains
11 months, 3 weeks ago

Stock market today: Asian markets track Wall Street's decline, eroding last year's gains

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Asian shares dropped Wednesday after …

Stock market today: Asian markets track Wall Street’s decline, eroding last year’s gains
11 months, 3 weeks ago

Stock market today: Asian markets track Wall Street’s decline, eroding last year’s gains

Associated Press  

Asian shares dropped Wednesday after Wall Street started 2024 with a slump, giving back some of its powerful gains from last year. Hong Kong’s Hang Seng lost 1.1% to 16,603.00, influenced by a 2% drop in technology shares, and the Shanghai Composite index shed 0.1% to 2,960.12, with persisting concerns regarding the strength of China’s economic growth adding downward pressure. …

Stock market today: Wall Street closes out its 7th straight winning week with a quiet finish
1 year ago

Stock market today: Wall Street closes out its 7th straight winning week with a quiet finish

Associated Press  

NEW YORK — Wall Street drifted through mixed trading on Friday to put a quiet end to another rocking week. But it’s still hanging within 1.6% of its all-time high set early last year, and it closed out a seventh straight winning week for its longest such streak in six years. Fed Chair Jerome Powell at a press conference on …

Stock market today: Wall Street hits 2023 high as it mulls whether economy is too warm or just right
1 year ago

Stock market today: Wall Street hits 2023 high as it mulls whether economy is too warm or just right

Associated Press  

NEW YORK — Wall Street climbed back to its best level in 20 months on Friday following a stronger-than-expected report on the U.S. job market. Yields rose more sharply in the bond market following the report, which said U.S. employers added more jobs last month than economists expected. That in turn could dilute the central hope driving the stock market …

Stock market today: World shares mixed after Wall St ends its best month of '23 with big gains
1 year ago

Stock market today: World shares mixed after Wall St ends its best month of '23 with big gains

The Independent  

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Wall Street leaps toward its best week of 2023 on hopes for a halt to rate hikes
1 year, 1 month ago

Wall Street leaps toward its best week of 2023 on hopes for a halt to rate hikes

LA Times  

Stocks around the world rallied after the Federal Reserve late Wednesday opted against raising its main interest rate for a second straight meeting. Wall Street roared higher again Thursday with hopes the Federal Reserve may finally be done with its market-crunching interest rate increases. It’s already jacked up rates furiously since early last year in hopes of slowing the economy …

Surge in interest rates and a cloudier economic picture to keep Federal Reserve on sidelines
1 year, 1 month ago

Surge in interest rates and a cloudier economic picture to keep Federal Reserve on sidelines

Associated Press  

WASHINGTON — The Federal Reserve is poised to leave its key interest rate unchanged Wednesday at a time when the Fed faces an economy that has proved resilient but is nevertheless under pressure from surging interest rates, overseas turmoil and anxious investors. Powell and other Fed policymakers have said they think those trends may contribute to an economic slowdown — …

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