Wall Street update: US stocks tumble a day after Fed vows years of low rates
4 years, 3 months ago

Wall Street update: US stocks tumble a day after Fed vows years of low rates

Live Mint  

Wall Street's main indexes fell on Thursday after data showed high levels of weekly jobless claims, while technology-related stocks resumed their slide with Apple Inc and Amazon.com Inc among the biggest drags on the Nasdaq. Bank stocks slipped 1.4%, while the S&P 500 financials index fell 1.2%, a day after the Federal Reserve pledged to keep interest rates low for a prolonged period to lift the world's biggest economy out of a pandemic-induced recession. But with Fed Chair Jerome Powell indicating a long road to "maximum employment", stock markets were disappointed by the lack of firmer details around the central bank's stimulus plan. Adding to concerns around a stalling recovery, the Labor Department's report showed the number of Americans filing new claims for unemployment benefits fell last week, but remained perched at extremely high levels.

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Wall Street today: US stocks mixed as funding bill averts partial shutdown, Nvidia gains 1.6%, Qualcomm climbs 2.8%
Trending News
1 day, 3 hours ago

Wall Street today: US stocks mixed as funding bill averts partial shutdown, Nvidia gains 1.6%, Qualcomm climbs 2.8%

Live Mint  

US stocks were mixed on Monday, as a stopgap government funding bill averted a partial shutdown. At 11:07 a.m. the Dow Jones Industrial Average fell 247.19 points, or 0.58 per cent, to 42,593.07 and the S&P 500 lost 5.47 points, or 0.09 per cent, to 5,925.38. At 09:45 am ET, the Dow Jones Industrial Average fell 132.48 points, or 0.32 …

Wall St futures choppy as investors digest Fed’s rate cut view
Trending News
1 day, 5 hours ago

Wall St futures choppy as investors digest Fed’s rate cut view

Live Mint  

* Qualcomm up after win against Arm in chips trial * Lilly gains after weight-loss drug approved for sleep apnea * Futures: Dow down 0.27%, S&P 500 off 0.06%, Nasdaq up 0.16% By Medha Singh and Purvi Agarwal Dec 23 - U.S. stock index futures were subdued on Monday after a last-minute government funding bill averted a shutdown and investors …

Wall Street heads for upbeat open as investors cheer US inflation data
Trending News
1 day, 5 hours ago

Wall Street heads for upbeat open as investors cheer US inflation data

Live Mint  

* Dollar gains, S&P futures up 0.1% * Futures imply two Fed rate cuts in 2025 * Dollar remains strong on high bond yields By Amanda Cooper LONDON, Dec 23 - U.S. stock futures rose on Monday, pointing to an upbeat start on Wall Street following a U.S. inflation reading last week that offered some hope for further policy easing …

Stocks rally as investors cheer US inflation relief
1 day, 8 hours ago

Stocks rally as investors cheer US inflation relief

Live Mint  

By Amanda Cooper and Wayne Cole LONDON/SYDNEY - Global shares were boosted on Monday by a U.S. inflation reading offering some hope for further policy easing next year, along with relief that Washington had averted a government shutdown. The euro has hit two year lows in recent weeks and is also heading for its weakest quarterly performance against the dollar …

Wall Street week ahead: After Fed’s hawkish stance, investors to look for Santa Claus rally
2 days, 1 hour ago

Wall Street week ahead: After Fed’s hawkish stance, investors to look for Santa Claus rally

Live Mint  

After the hawkish stance of the US Federal Reserve last week, investors on Wall Street in the holiday-shortened week ahead will face a largely uneventful economic calendar. The threat of higher inflation was one of the reasons Fed Chair Jerome Powell gave last week when the central bank hinted it may deliver fewer rate cuts in 2025 than it earlier …

Wall Street Holidays next week: NYSE, Nasdaq to remain closed on THESE days
Trending News
2 days, 9 hours ago

Wall Street Holidays next week: NYSE, Nasdaq to remain closed on THESE days

Live Mint  

Wall Street Holiday: The stock market in the United States is poised to close early on Tuesday, December 24, and closed on Wednesday, December 25, on account of the Christmas holiday, according to the official holiday list on the NYSE and Nasdaq website. US Stocks Weekly Update On Friday, December 20, Wall Street closed higher as the US stocks rallied …

How major US stock indexes fared Friday, 12/20/2024
3 days, 20 hours ago

How major US stock indexes fared Friday, 12/20/2024

Associated Press  

U.S. stocks rose to turn what would have been one of the market’s worst weeks of the year into just a pretty bad one. The Dow Jones Industrial Average jumped nearly 500 points, and the Nasdaq composite gained 1%. On Friday: The S&P 500 rose 63.77 points, or 1.1%, to 5,930.85. The Dow Jones Industrial Average rose 498.02 points, or …

Stock markets continue to decline, Sensex ends 1,200 points lower, Nifty slips 364 points
4 days, 8 hours ago

Stock markets continue to decline, Sensex ends 1,200 points lower, Nifty slips 364 points

Hindustan Times  

Indian stocks edged lower on Friday, dragged down by declines in IT and financial sectors, as investor concerns persisted over the Federal Reserve's forecast of fewer interest rate cuts next year, prompting a wave of foreign fund outflows. The BSE Sensex closed 1,176 points lower at 78,041.59, and the NSE Nifty slipped 1.52 per cent to close at 23,587.50 Sensex …

Wall Street rises to turn a dismal week into just a bad one
4 days, 13 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 …

Fed lowers rates but sees fewer cuts ahead
Top News
4 days, 18 hours ago

Fed lowers rates but sees fewer cuts ahead

China Daily  

US Federal Reserve Chair Jerome Powell departs after speaking at a press conference where he announced the Fed had cut interest rates by a quarter point following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, US, December 18, 2024. WASHINGTON — The US Federal Reserve on Wednesday slashed interest rates by 25 basis …

Fed lowers rates but sees fewer cuts ahead
Trending News
4 days, 18 hours ago

Fed lowers rates but sees fewer cuts ahead

China Daily  

WASHINGTON — The US Federal Reserve on Wednesday slashed interest rates by 25 basis points, the third consecutive rate cut in this easing cycle, while signaling a slower-than-expected pace of easing next year. US stocks plunged following the rate cuts, with the Dow Jones Industrial Average falling 2.58 percent, the S&P 500 sinking 2.95 percent and the Nasdaq dropping 3.56 …

How major US stock indexes fared Thursday, 12/19/2024
4 days, 20 hours ago

How major US stock indexes fared Thursday, 12/19/2024

Associated Press  

An early rebound for U.S. stocks petered out by the end of the day, leaving indexes close to flat. The S&P 500 edged down by 0.1% Thursday, coming off one of its worst days of the year after the Federal Reserve said it may deliver fewer cuts to interest rates in 2025 than earlier thought. The Dow Jones Industrial Average …

Stock Market Today: Sensex, Nifty slump in early trade as U.S. Fed indicates fewer rate cuts next year
5 days, 13 hours ago

Stock Market Today: Sensex, Nifty slump in early trade as U.S. Fed indicates fewer rate cuts next year

The Hindu  

Benchmark indices Sensex and Nifty slumped in early trade on Thursday following weak global market trends after the U.S. Federal Reserve indicated fewer rate cuts next year. This trigger was provided by the Fed guidance of fewer rate cuts in 2025, which went against market expectations. Even though the rate cut of 25 bps was in tune with the market’s …

Stock market today: Wall Street ends little changed after giving up a big morning gain
5 days, 13 hours 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 …

Explained: Why Sensex fell over 1,000 points and will stock market bloodbath continue?
5 days, 18 hours ago

Explained: Why Sensex fell over 1,000 points and will stock market bloodbath continue?

India Today  

Benchmark stock market indices faced a sharp sell-off on Thursday, extending losses for the fourth straight session amid a global market rout triggered by concerns over slower US Federal Reserve rate cuts. The US Federal Reserve’s 25 basis point interest rate cut met market expectations but failed to comfort investors due to its cautious guidance. Swapnil Aggarwal, Director, VSRK Capital, …

US Fed cuts key interest rates by 0.25%: 3 key takeaways for stock markets
Top News
5 days, 18 hours ago

US Fed cuts key interest rates by 0.25%: 3 key takeaways for stock markets

India Today  

Stock markets are expected to open lower on Thursday, following a global market slump after the US Federal Reserve cut interest rates by 25 basis points. GLOBAL MARKET REACTIONS Wall Street reacted negatively to the Fed’s announcement, with all three major US indices—Dow Jones, S&P 500, and Nasdaq—posting their biggest single-day losses in months. Gift Nifty, an indicator for the …

Wall Street today: US stocks edge higher in anticipation of Fed rate cut, Nvidia rallies
6 days, 3 hours ago

Wall Street today: US stocks edge higher in anticipation of Fed rate cut, Nvidia rallies

Live Mint  

US stock indices rose on Wednesday in anticipation of interest rate cut by the Federal Reserve, that is due to announce its final policy decision of this year later in the day. At 12:00 pm ET, the Dow Jones Industrial Average rose 160.68 points, or 0.37 per cent, to 43,610.58, the S&P 500 gained 12.56 points, or 0.21 per cent, …

Markets decline in early trade amid foreign fund outflows; all eyes on U.S. Fed interest rate decision
6 days, 13 hours ago

Markets decline in early trade amid foreign fund outflows; all eyes on U.S. Fed interest rate decision

The Hindu  

Benchmark indices Sensex and Nifty declined in initial trade on Wednesday amid foreign fund outflows and caution ahead of the U.S. Fed interest rate decision. The 30-share BSE benchmark Sensex went down by 149.31 points to 80,535.14 in early trade. Foreign Institutional Investors offloaded equities worth Rs 6,409.86 crore on Tuesday, according to exchange data. Falling for the second day …

US stocks fall sharply and Dow tumbles 1,100 points after the Fed hints at just 2 rate cuts for 2025
6 days, 13 hours 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 …

U.S. stocks fall sharply and Dow loses 1,100 points after the Fed hints at just two rate cuts in 2025
6 days, 18 hours ago

U.S. stocks fall sharply and Dow loses 1,100 points after the Fed hints at just two rate cuts in 2025

LA Times  

Specialist Meric Greenbaum listens on the floor of the New York Stock Exchange as the Federal Reserve’s rate decision is announced Wednesday. U.S. stocks tumbled to one of their worst days of the year after the Federal Reserve hinted Wednesday that it may deliver fewer shots of adrenaline for the U.S. economy in 2025 than earlier thought. The Fed said …

How major US stock indexes fared Tuesday, 12/17/2024
6 days, 21 hours ago

How major US stock indexes fared Tuesday, 12/17/2024

Associated Press  

U.S. stock indexes closed lower and gave back some of their stellar gains for the year. The S&P 500 fell 0.4% Tuesday, though it’s still near its all-time high set earlier this month. The Dow Jones Industrial Average fell 0.6%, and the Nasdaq composite fell 0.3% from its record set the day before. The Dow Jones Industrial Average fell 267.58 …

Wall Street: US stocks slip after strong retail sales data, Nvidia dips 3.5%, Pfizer jumps 4% — Why markets are falling
1 week ago

Wall Street: US stocks slip after strong retail sales data, Nvidia dips 3.5%, Pfizer jumps 4% — Why markets are falling

Live Mint  

US stocks slipped on Tuesday, as investors become cautious ahead of the Federal Reserve's interest rate decision following strong retail sales data. At 9:41 am ET, the Dow Jones Industrial Average fell 231.55 points, or 0.53 per cent, to 43,487.22, the S&P 500 lost 28.68 points, or 0.47 per cent, to 6,045.40 and the Nasdaq Composite lost 97.40 points, or …

Markets slump over 1% amid widespread selloff; Sensex sinks below 81k
1 week ago

Markets slump over 1% amid widespread selloff; Sensex sinks below 81k

The Hindu  

Equity benchmark indices Sensex and Nifty slumped over 1% on Tuesday, weighed down by an across-the-board selloff amid cautious investors’ approach ahead of the U.S. Fed interest rate decision. Falling for the second day in a row, the 30-share BSE benchmark Sensex tanked 1,064.12 points or 1.30% to settle at 80,684.45. Bharti Airtel, IndusInd Bank, JSW Steel, Tata Consultancy Services, …

Markets decline in early trade dragged by Reliance, HDFC Bank; caution ahead of U.S. Fed rate decision
1 week ago

Markets decline in early trade dragged by Reliance, HDFC Bank; caution ahead of U.S. Fed rate decision

The Hindu  

Equity benchmark indices Sensex and Nifty declined in early trade on Tuesday amid cautious investors approach ahead of the U.S. Fed interest rate decision and selling in blue-chip stocks like Reliance Industries and HDFC Bank. The 30-share BSE benchmark Sensex declined 350.98 points to 81,397.59 in early trade. From the 30-share blue-chip pack, Reliance Industries, Bharti Airtel, Nestle, Larsen & …

Stock market today: Wall Street trims its stellar gains as Nvidia’s star dims again
1 week ago

Stock market today: Wall Street trims its stellar gains as Nvidia’s star dims again

Associated Press  

NEW YORK — U.S. stock indexes pulled back on Tuesday to trim some of their stellar gains for the year. Nvidia, the superstar stock that’s been a big reason for Wall Street’s run to repeated records this year, fell 1.2% to weigh on the market. Like the overall U.S. market, Nvidia’s stock had climbed so much that critics warned expectations …

Wall Street trims its stellar gains as Nvidia’s star dims again
1 week ago

Wall Street trims its stellar gains as Nvidia’s star dims again

LA Times  

A scooter passes the New York Stock Exchange. The Standard & Poor’s 500 slipped 0.4%, though it’s still near its all-time high set earlier this month. It’s the eighth loss in nine days for the stock, which has dropped more than 12% from its record set last month, as its moon shot momentum slows. The survey’s broadest measure of optimism, …

US stocks end higher ahead of Fed, bitcoin surges
1 week ago

US stocks end higher ahead of Fed, bitcoin surges

Live Mint  

By Stephen Culp NEW YORK - Megacap tech shares muscled the S&P 500 and the Nasdaq to higher closes on Monday as U.S. Treasury yields paused and investors readied for a busy central bank week. Investors will scrutinize the Fed's Summary of Economic Projections and its "dot plot," which maps out the central bank's future rate cut path, which has …

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

How major US stock indexes fared Friday, 12/13/2024
1 week, 3 days ago

How major US stock indexes fared Friday, 12/13/2024

Associated Press  

Stock indexes closed mixed on Wall Street at the end of a rare bumpy week. Broadcom surged after the semiconductor company beat Wall Street’s profit targets and gave a glowing forecast, highlighting its artificial intelligence products. On Friday: The S&P 500 fell 0.16 points, or less than 0.1%, to 6,051.09. The Dow Jones Industrial Average fell 86.06 points, or 0.2%, …

How major US stock indexes fared Thursday, 12/12/2024
Trending News
1 week, 4 days ago

How major US stock indexes fared Thursday, 12/12/2024

Associated Press  

U.S. stock indexes drifted lower following some potentially discouraging data on the economy. The Dow Jones Industrial Average fell 0.5%, and the Nasdaq composite dropped 0.7% from its record set the day before. On Thursday: The S&P 500 fell 32.94 points, or 0.5%, to 6,051.25. The Dow Jones Industrial Average fell 234.44 points, or 0.5%, to 43,914.12. The Russell 2000 …

Wall Street today: S&P 500, Nasdaq slid at US market open as investors eye economic data ahead of Fed meeting
1 week, 5 days ago

Wall Street today: S&P 500, Nasdaq slid at US market open as investors eye economic data ahead of Fed meeting

Live Mint  

Wall Street today: The US markets opened today with the S&P 500 and the Nasdaq losing points on Thursday, after closing higher at the previous market close. At 9:37 a.m., the Dow Jones Industrial Average rose 0.09 per cent to 44,188.62 points, the S&P 500 dropped 0.26 per cent to 6,068.64 points and the Nasdaq Composite fell 0.48 per cent …

Wall Street’s rally stalls as Nasdaq pulls back from its record
1 week, 5 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 …

How major US stock indexes fared Wednesday, 12/11/2024
1 week, 5 days ago

How major US stock indexes fared Wednesday, 12/11/2024

Associated Press  

Wall Street got back to climbing after the latest update on inflation appeared to clear the way for more help for the economy from the Federal Reserve. On Wednesday: The S&P 500 rose 49.28 points, or 0.8%, to 6,084.19. The Dow Jones Industrial Average fell 99.27 points, or 0.2%, to 44,148.56. The Nasdaq composite rose 347.65 points, or 1.8%, to …

Stock market today: Wall Street gets back to climbing, and the Nasdaq tops 20,000
1 week, 6 days ago

Stock market today: Wall Street gets back to climbing, and the Nasdaq tops 20,000

Associated Press  

NEW YORK — U.S. stock indexes got back to climbing on Wednesday after the latest update on inflation appeared to clear the way for more help for the economy from the Federal Reserve. Stocks got a boost as expectations built that Wednesday’s inflation data will allow the Fed to deliver another cut to interest rates at its meeting next week. …

Wall Street gets back to climbing, and the Nasdaq tops 20,000
1 week, 6 days ago

Wall Street gets back to climbing, and the Nasdaq tops 20,000

LA Times  

The Standard & Poor’s 500 index rose 0.8% to break its first two-day losing streak in nearly a month and finished just short of its all-time high. Stocks got a boost as expectations built that Wednesday’s inflation data will enable the Fed to deliver another cut to interest rates at its meeting next week. “The data have given the Fed …

How major US stock indexes fared Tuesday, 12/10/2024
1 week, 6 days ago

How major US stock indexes fared Tuesday, 12/10/2024

Associated Press  

U.S. stock indexes drifted lower in the runup to the highlight of the week for the market, the latest update on inflation. The Dow Jones Industrial Average fell 0.3%, and the Nasdaq composite also fell 0.3%. Treasury yields rose in the bond market ahead of Wednesday’s inflation report, which will be among the final big pieces of data before the …

Wall Street today: US stocks open mixed; Google rises over 4%, Oracle slumps 8%
2 weeks ago

Wall Street today: US stocks open mixed; Google rises over 4%, Oracle slumps 8%

Live Mint  

US stocks were mixed on Tuesday with the Nasdaq outperforming its peers, boosted by rising megacap technology stocks. At 9:37 am ET, the Dow Jones Industrial Average fell 145.77 points, or 0.33 per cent, to 44,256.16, the S&P 500 lost 0.16 points to 6,052.69 and the Nasdaq Composite gained 82.12 points, or 0.42 per cent, to 19,818.81. At the opening …

Stock market today: Wall Street slips to a rare back-to-back loss
2 weeks ago

Stock market today: Wall Street slips to a rare back-to-back loss

Associated Press  

NEW YORK — U.S. stock indexes drifted lower Tuesday in the runup to the highlight of the week for the market, the latest update on inflation that’s coming on Wednesday. AP AUDIO: Stock market today: Wall Street drifts as it waits for inflation data Investors are looking for direction on Wall Street. Wednesday’s update and a report on Thursday about …

Stock market today: Wall Street slips to a rare back-to-back loss
2 weeks ago

Stock market today: Wall Street slips to a rare back-to-back loss

LA Times  

A banner for Alaska Air Group hangs at the front of the New York Stock Exchange in the city’s Financial District. U.S. stock indexes drifted lower Tuesday in the run-up to the highlight of the week for the market, the latest update on inflation that’s coming on Wednesday. Tech titan Oracle dragged on the market and sank 6.7% after reporting …

Wall Street today: US stocks end lower as investors eye inflation data, Nvidia slumps 2.5% on China probe
2 weeks, 1 day ago

Wall Street today: US stocks end lower as investors eye inflation data, Nvidia slumps 2.5% on China probe

Live Mint  

US stock market indices ended lower on Monday weighed down by tech stocks amid fall in AI leader Nvidia stock price and ahead of the release of crucial inflation data later this week. Advanced Micro Devices shares plunged 5.7% after BofA Global Research downgraded its rating on the stock, Comcast share price tanked 9.5%, while Hershey stock price surged 10.9% …

Stock market today: Nvidia drags Wall Street from its records as oil and gold rise
2 weeks, 1 day ago

Stock market today: Nvidia drags Wall Street from its records as oil and gold rise

Associated Press  

NEW YORK — A slide for market superstar Nvidia on Monday knocked Wall Street off its big rally and helped drag U.S. stock indexes down from their records. Nvidia’s fall of 2.5% was by far the heaviest weight on the S&P 500 after China said it’s investigating the company over suspected violations of Chinese anti-monopoly laws. Nvidia’s drop overshadowed gains …

How major US stock indexes fared Friday, 12/6/2024
2 weeks, 3 days ago

How major US stock indexes fared Friday, 12/6/2024

Associated Press  

U.S. stocks rose to records after data suggested the job market remains solid enough to keep the economy going, but not so strong that it raises immediate worries about inflation. The S&P 500 climbed 0.2%, just enough top the all-time high set on Wednesday, as it closed a third straight winning week in what looks to be one of its …

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, …

How major US stock indexes fared Thursday, 12/5/2024
2 weeks, 4 days ago

How major US stock indexes fared Thursday, 12/5/2024

Associated Press  

U.S. stocks slipped below their records in the runup to a big jobs report due on Friday. The Dow Jones Industrial Average lost 0.6%, while the Nasdaq composite fell 0.2%. On Thursday: The S&P 500 fell 11.38 points, or 0.2%, to 6,075.11. The Dow Jones Industrial Average fell 248.33 points, or 0.6%, to 44,765.71. The Russell 2000 index of smaller …

Indexes near flat but still near closing highs
2 weeks, 4 days ago

Indexes near flat but still near closing highs

Live Mint  

* Synopsys falls after forecasting FY25 revenue below estimates * Focus on Friday's payrolls data * Indexes: Dow down 0.4%, S&P 500 off 0.1%, Nasdaq down 0.01% By Caroline Valetkevitch NEW YORK, Dec 5 - U.S. stocks were little changed on Thursday, with technology shares easing after recent sharp gains and investors bracing for Friday's jobs report, but all three …

Wall Street parties like it’s 1998 as AI fuels gains unmatched since dot-com era
2 weeks, 5 days ago

Wall Street parties like it’s 1998 as AI fuels gains unmatched since dot-com era

Associated Press  

NEW YORK — The S&P 500 is on track to close 2024 with a gain of nearly 27%, after setting 50 record highs this year. That’s on top of its 24.2% spurt the year before, a spectacular two-year run unmatched since the dot-com boom. But perhaps more importantly, it’s so far avoided a recession that many on Wall Street worried …

Stock market today: Wall Street edges back from its records as bitcoin briefly pops above $100,000
2 weeks, 5 days ago

Stock market today: Wall Street edges back from its records as bitcoin briefly pops above $100,000

Associated Press  

NEW YORK — The huge rally for U.S. stocks lost momentum on Thursday as Wall Street counted down to a big jobs report that’s coming on Friday. Bitcoin powered above $100,000 for the first time the night before, after President-elect Donald Trump chose Paul Atkins, who’s seen as a crypto advocate, as his nominee to head the Securities and Exchange …

US stocks surge on Fed rate cut hopes, ignoring France, South Korea's political crises
2 weeks, 5 days ago

US stocks surge on Fed rate cut hopes, ignoring France, South Korea's political crises

Hindustan Times  

US stocks surged to record highs on Wednesday on hopes of the US monetary policy easing, completely ignoring political upheavals taking place in South Korea and France, news agency AFP reported. "The market at this point is looking for excuses to go up, and there's not really anything that might work against that narrative," the report quoted Steve Sosnick of …

Wall Street edges back from its records as bitcoin briefly pops above $100,000
2 weeks, 5 days ago

Wall Street edges back from its records as bitcoin briefly pops above $100,000

LA Times  

Holiday decorations adorn the New York Stock Exchange in New York’s Financial District on Wednesday. The huge rally for U.S. stocks lost momentum on Thursday as Wall Street counted down to a big jobs report that’s coming on Friday. Bitcoin powered above $100,000 for the first time the night before, after President-elect Donald Trump chose Paul Atkins, who’s seen as …

How major US stock indexes fared Wednesday, 12/4/2024
2 weeks, 5 days ago

How major US stock indexes fared Wednesday, 12/4/2024

Associated Press  

U.S. stock indexes reached more records after tech companies talked up how much artificial intelligence is boosting their results. The Dow Jones Industrial Average gained 0.7%, while the Nasdaq composite added 1.3% to its own record. On Wednesday: The S&P 500 rose 36.61 points, or 0.6%, to 6,086.49. The Dow Jones Industrial Average rose 308.51 points, or 0.7%, to 45,014.04. …

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