Wall Street, led by Big Tech, rallies ahead of the Christmas holiday
2 weeks, 2 days ago

Wall Street, led by Big Tech, rallies ahead of the Christmas holiday

LA Times  

Lights marking the entrance to a subway station frame the exterior of the New York Stock Exchange. While Big Tech companies, including Apple, Amazon and chip company Broadcom helped push the market higher, the gains were widespread. Elsewhere in the market, U.S. Steel rose 1.9% a day after an influential government panel failed to reach consensus on the possible national security risks of a nearly $15-billion proposed sale to Nippon Steel of Japan. Tuesday’s U.S. market rally comes as the stock market enters what’s historically been a very cheerful season. So far this month, the U.S. stock market has lost some of its gains since President-elect Donald Trump’s election day win, which raised hopes for faster economic growth and more lax regulations that would boost corporate profits.

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Stock market today: S&P 500 rallies to its first gain since Christmas
6 days, 6 hours ago

Stock market today: S&P 500 rallies to its first gain since Christmas

Associated Press  

NEW YORK — Wall Street snapped out of its holiday-season funk on Friday. The S&P 500 rallied 1.3% for its first gain since Christmas and its best day in nearly two months. On the losing end of Wall Street was U.S. Steel, which fell 6.5% after President Joe Biden blocked a nearly $15 billion deal proposed by Japan’s Nippon Steel …

How major US stock indexes fared Tuesday, 12/31/2024
Trending News
1 week, 1 day ago

How major US stock indexes fared Tuesday, 12/31/2024

Associated Press  

Stock indexes closed mostly lower on Wall Street on the final day of another record-setting year. The S&P 500 slipped 0.4% Tuesday, but still managed to rack up a gain of 23.3% for the year, its second straight year with gains of more than 20%. The Dow Jones Industrial Average slipped 0.1%, and the Nasdaq composite lost 0.9%. Big Tech …

Wall Street today: US stocks rise on final day of bullish 2024
Trending News
1 week, 1 day ago

Wall Street today: US stocks rise on final day of bullish 2024

Live Mint  

Wall Street stocks edged higher on the final trading session of 2024 on Tuesday, extending a bull run of the year fuelled by a nearly 100 basis point cut in interest rates by the US Federal Reserve and a boost from the AI revolution At 09:53 am, the Dow Jones Industrial Average rose 79.15 points, or 0.19 per cent, to …

Stock market today: Wall Street indexes lose ground as market closes another record-breaking year
1 week, 2 days ago

Stock market today: Wall Street indexes lose ground as market closes another record-breaking year

Associated Press  

Stock indexes closed mostly lower Tuesday as the market delivered a downbeat finish on the final day of another milestone-shattering year on Wall Street. The stock market’s record-breaking turn in 2024 was “certainly much better that what most people on Wall Street, myself included, thought we would get this year,” said Sam Stovall, chief investment strategist at CFRA. Receding inflation, …

Wall Street indexes lose ground as market closes another record-breaking year
1 week, 2 days ago

Wall Street indexes lose ground as market closes another record-breaking year

LA Times  

A sign outside the New York Stock Exchange marks the intersection of Wall and Broad Streets, Dec. 12, 2024, in New York. Stock indexes closed mostly lower Tuesday as the market delivered a downbeat finish on the final day of another milestone-shattering year on Wall Street. The stock market’s record-breaking turn in 2024 was “certainly much better that what most …

Stock market today: Wall Street slips in final days of a banner year for US stocks
1 week, 3 days ago

Stock market today: Wall Street slips in final days of a banner year for US stocks

Associated Press  

U.S. stocks closed broadly lower Monday as a banner year on Wall Street looked set to finish on a sour note. Wall Street expects companies within the S&P 500 to report broad earnings growth of more than 9% for the year, according to FactSet. Wall Street was encouraged by cooling inflation throughout the year that had brought the rate of …

Stock market today: Wall Street slips in final days of a banner year for US stocks
1 week, 3 days ago

Stock market today: Wall Street slips in final days of a banner year for US stocks

LA Times  

The New York Stock Exchange is shown in New York’s Financial District on Dec. 23, 2024. U.S. stocks closed broadly lower Monday as a banner year on Wall Street looked set to finish on a sour note. Wall Street expects companies within the S&P 500 to report broad earnings growth of more than 9% for the year, according to FactSet. …

Wall Street Today: US stocks extend holiday-thin trading dragged by Nvidia, set for 1% weekly gain; S&P up 25% YTD
1 week, 5 days ago

Wall Street Today: US stocks extend holiday-thin trading dragged by Nvidia, set for 1% weekly gain; S&P up 25% YTD

Live Mint  

Wall Street Today: Wall Street's main indices opened lower after US stocks fell in morning trading on Friday, December 27, dampening an upbeat holiday-shortened week that started looking like a classic "Santa Claus" rally was unfolding. The S&P 500 fell 1.4 per cent, with over 80 per cent of stocks in the benchmark index losing ground. MSCI's broad global share …

Markets stumble as Wall Street sells off Big Tech
1 week, 6 days ago

Markets stumble as Wall Street sells off Big Tech

CNN  

CNN — US stocks ended Friday in the red, closing out a lackluster week despite a year of historic highs. The “Magnificent Seven” group of high-performing tech stocks — Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia and Tesla — has accounted for more than half of the gains so far this year as they benefit from intense investor focus on ways …

Stock market today: Asian shares are mostly lower, with most world markets closed for Christmas
2 weeks, 1 day ago

Stock market today: Asian shares are mostly lower, with most world markets closed for Christmas

Associated Press  

BANGKOK — Shares slipped in Tokyo and Shanghai on Wednesday, two of only a handful of world markets open on Christmas day. Gains in Big Tech stocks helped the S&P 500 to a 1.1% gain, while the Dow Jones Industrial Average rose 0.9%. Elsewhere in the market, U.S. Steel rose 1.9% a day after an influential government panel failed to …

Stock market today: Wall Street rallies ahead of Christmas
2 weeks, 2 days ago

Stock market today: Wall Street rallies ahead of Christmas

Associated Press  

Technology stocks led a broad rally on Wall Street Tuesday during a holiday-shortened trading session ahead of Christmas. Elsewhere in the market, U.S. Steel rose 1.9% a day after an influential government panel failed to reach consensus on the possible national security risks of the nearly $15 billion proposed sale to Nippon Steel of Japan. Tuesday’s U.S. market rally comes …

Stock market today: Asian shares are mostly higher after Wall Street rally caps a dismal week
2 weeks, 3 days ago

Stock market today: Asian shares are mostly higher after Wall Street rally caps a dismal week

Associated Press  

BANGKOK — Shares mostly gained in Asia on Monday after U.S. stocks capped a mostly dismal week with a broad rally that still left the benchmark S&P 500 down 2% for the week. 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 cuts …

Wall Street week ahead: After Fed’s hawkish stance, investors to look for Santa Claus rally
2 weeks, 3 days 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 rises to turn a dismal week into just a bad one
2 weeks, 6 days 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 …

Wall Street ends mixed after a bumpy week
3 weeks, 6 days ago

Wall Street ends mixed after a bumpy week

LA Times  

Signs mark the intersection of Wall Street and Broadway in New York’s Financial District. Major stock indexes on Wall Street drifted to a mixed finish Friday, capping a rare bumpy week for the market. Broadcom surged 24.4% for the biggest gain in the S&P 500 after the semiconductor company beat Wall Street’s profit targets and gave a glowing forecast, highlighting …

Stock market today: Wall Street gets back to climbing, and the Nasdaq tops 20,000
4 weeks, 1 day 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 parties like it’s 1998 as AI fuels gains unmatched since dot-com era
1 month 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
1 month 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 …

Tech stocks and AI lift Wall Street to more records
1 month ago

Tech stocks and AI lift Wall Street to more records

LA Times  

The Standard & Poor’s 500 climbed 0.6% to add to what’s set to be one of its best years of the millennium. This week’s highlight for Wall Street will be Friday’s jobs report from the U.S. government, which will show how many people employers hired and fired last month. The central bank had appeared set to continue cutting rates into …

Stock market today: Rising tech stocks pull Wall Street to another record
1 month, 1 week ago

Stock market today: Rising tech stocks pull Wall Street to another record

Associated Press  

NEW YORK — Technology stocks pulled Wall Street to another record amid a mixed Monday of trading. Intel is looking for Gelsinger’s replacement, and its chair said it’s “committed to restoring investor confidence.” Intel recently lost its spot in the Dow Jones Industrial Average to Nvidia, which has skyrocketed in Wall Street’s frenzy around AI. Economists expect Friday’s headliner report …

Rising tech stocks pull Wall Street to another record
1 month, 1 week ago

Rising tech stocks pull Wall Street to another record

LA Times  

Technology stocks pulled Wall Street to another record amid a mixed Monday of trading. Intel is looking for Gelsinger’s replacement, and its chair said it’s “committed to restoring investor confidence.” Intel recently lost its spot in the Dow Jones Industrial Average to Nvidia, which has skyrocketed in Wall Street’s frenzy around AI. The U.S. dollar’s value rose Monday against several …

Stock market today: Wall Street rises with Nvidia as bitcoin bursts above $99,000
1 month, 2 weeks ago

Stock market today: Wall Street rises with Nvidia as bitcoin bursts above $99,000

Associated Press  

NEW YORK — U.S. stocks climbed Thursday after market superstar Nvidia and another round of companies said they’re making even fatter profits than expected. But its stock recovered in premarket trading Thursday, and Wedbush analyst Dan Ives said it was another “flawless” profit report provided by Nvidia and CEO Jensen Huang, whom Ives calls “the Godfather of AI.” The stock …

Stock market today: Wall Street rises following last week’s slide
1 month, 3 weeks 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, 3 weeks 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 …

Wall Street weakens as its post-election boom slows some more
1 month, 3 weeks ago

Wall Street weakens as its post-election boom slows some more

LA Times  

The Standard & Poor’s 500 index fell 0.6%, though it’s still near its all-time high set Monday. Cisco Systems’ drop of 2.1% weighed on the market, even though the tech giant reported stronger profit for the latest quarter than analysts expected. It’s a turnaround from the election’s immediate aftermath, when the thought was that an “America first” president would benefit …

S&P 500 Rally Hits a Wall as Treasury Yields Spike: Markets Wrap
1 month, 3 weeks ago

S&P 500 Rally Hits a Wall as Treasury Yields Spike: Markets Wrap

Live Mint  

-- A rally that drove stocks to a series of all-time highs ran out of steam, with Treasury yields soaring and the dollar hitting a two-year high ahead of key inflation data. To Will Compernolle at FHN Financial, a hot consumer price index and/or strong retail spending could push yields higher if a December rate cut “starts looking imprudent.” The …

Stock market today: Wall Street drifts lower as the Trump trade cools
1 month, 4 weeks 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, 4 weeks 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 …

JPMorgan Traders See Stronger S&P Year-End Rally Than in 2016
1 month, 4 weeks ago

JPMorgan Traders See Stronger S&P Year-End Rally Than in 2016

Live Mint  

-- The stock market could rally stronger into the end of the year following Republican Donald Trump’s presidential election victory than it did when he won the US presidency eight years ago, according to JPMorgan Chase & Co.’s trading desk. With Treasury yields back on the rise, they could put a lid on future equity gains, as the S&P 500 …

Stock market today: Wall Street rolls higher as bitcoin bursts above $87,000
1 month, 4 weeks ago

Stock market today: Wall Street rolls higher as bitcoin bursts above $87,000

Associated Press  

NEW YORK — U.S. stocks rose Monday, led by those seen as benefiting the most from Donald Trump’s reelection as president, but drops for some high-profile Big Tech stocks kept indexes in check. Several pieces of what’s known as the “Trump trade” also helped drive the market, as investors try to identify which companies will be winners under a second …

Wall Street continues to roll higher in wake of Trump victory
1 month, 4 weeks ago

Wall Street continues to roll higher in wake of Trump victory

LA Times  

U.S. stocks rose Monday, led by those seen as benefiting the most from Donald Trump’s election as president, but drops for some high-profile Big Tech stocks kept indexes in check. Several pieces of what’s known as the “Trump trade” also helped drive the market, as investors try to identify which companies will be winners under a second Trump term. Stocks …

Wall Street climbs ahead of a big week for Big Tech as oil drops 6%
2 months, 1 week ago

Wall Street climbs ahead of a big week for Big Tech as oil drops 6%

LA Times  

U.S. stocks rose Monday as gains for Big Tech made up for slides in oil-and-gas stocks after the price of crude tumbled sharply. Several Big Tech stocks helped lead the way, and five of the behemoths known as the “Magnificent Seven” are on this week’s schedule to report their latest profits. Monday’s gains for Big Tech helped offset drops for …

Wall Street finishes mixed after Tesla soars and IBM slumps
2 months, 2 weeks ago

Wall Street finishes mixed after Tesla soars and IBM slumps

LA Times  

The Fearless Girl statue, with a flower draped on the shoulder, stands outside the New York Stock Exchange on Oct. 23, 2024. Wall Street drifted to a mixed finish Thursday after Tesla surged to one of the best days in its history while IBM slumped to its worst in six months. An optimistic Chief Executive Elon Musk also predicted 20% …

Wall Street rises as tech stocks and oil prices steady themselves
2 months, 3 weeks ago

Wall Street rises as tech stocks and oil prices steady themselves

LA Times  

The Standard & Poor’s 500 gained 0.5% to recover much of the slide from its all-time high the day before. U.S. stocks rose Wednesday following better-than-expected profit reports from Morgan Stanley, United Airlines and other big companies. The Standard & Poor’s 500 index gained 0.5% to recover much of the slide from its all-time high the day before because of …

Stock market today: Wall Street rallies near its record heights as ‘time has come’ for cuts to rates
4 months, 2 weeks 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 …

Stock market today: Wall Street pulls closer to records after retailers top profit forecasts
4 months, 2 weeks ago

Stock market today: Wall Street pulls closer to records after retailers top profit forecasts

Associated Press  

NEW YORK — U.S. stocks ticked higher Wednesday after more big companies delivered profit reports that topped analysts’ expectations. The hope is he’ll offer clues about how deeply and quickly the Fed will begin cutting interest rates next month after it jacked them to a two-decade high to beat inflation. Most Federal Reserve officials agreed last month that they would …

How major US stock indexes fared Thursday, 8/15/2024
4 months, 3 weeks ago

How major US stock indexes fared Thursday, 8/15/2024

Associated Press  

Wall Street rallied closer to its record highs following signs that the U.S. economy is holding up better than expected. The Dow Jones Industrial Average jumped 1.4%, and the Nasdaq composite added 2.3%. On Thursday: The S&P 500 rose 88.01 points, or 1.6%, to 5,543.22. The Dow Jones Industrial Average rose 554.67 points, or 1.4%, to 40,563.06. The Russell 2000 …

Stock market today: Wall Street leaps, and S&P 500 rallies 1.6% as US shoppers drive the economy
4 months, 3 weeks ago

Stock market today: Wall Street leaps, and S&P 500 rallies 1.6% as US shoppers drive the economy

Associated Press  

NEW YORK — Wall Street rallied to one of its best days of the year Thursday after data showed the U.S. economy is holding up better than expected, with particular credit going to the country’s shoppers. But good news for the economy is once again good news for Wall Street, particularly after a report showed U.S. employers pulled back on …

Wall Street rallies to one of its best days of the year after inflation report
4 months, 3 weeks ago

Wall Street rallies to one of its best days of the year after inflation report

LA Times  

The Standard & Poor’s 500 jumped 1.7% after the government reported that inflation at the wholesale level slowed last month by more than economists expected. The Standard & Poor’s 500 jumped 1.7% for its third-best day of 2024 after the U.S. government reported inflation at the wholesale level slowed last month by more than economists expected. Treasury yields eased in …

Wall Street rallies to its best day since 2022 on encouraging unemployment data; S&P 500 jumps 2.3%
5 months ago

Wall Street rallies to its best day since 2022 on encouraging unemployment data; S&P 500 jumps 2.3%

Associated Press  

NEW YORK — U.S. stocks rallied Thursday in Wall Street’s latest sharp swerve after a better-than-expected report on unemployment eased worries about the slowing economy. Treasury yields also climbed in the bond market in a signal investors are feeling less worried about the economy after a report showed fewer U.S. workers applied for unemployment benefits last week. “Today’s jobless claims …

Wall Street slips after morning rally; some AI darlings drop
5 months ago

Wall Street slips after morning rally; some AI darlings drop

Associated Press  

NEW YORK — U.S. stocks slumped Wednesday after a morning rally evaporated, but the losses on Wall Street weren’t as bad as the manic moves that wracked markets worldwide over the last week. Japan’s central bank can afford to wait, he said, and “will not raise its policy interest rate when financial and capital markets are unstable.” He also said …

Wall Street slips after a morning rally evaporates and some AI stock darlings drop
5 months ago

Wall Street slips after a morning rally evaporates and some AI stock darlings drop

LA Times  

U.S. stocks slumped Wednesday after a morning rally evaporated, but the losses on Wall Street weren’t as bad as the manic moves that racked markets worldwide over the last week. Japan’s central bank can afford to wait, he said, and “will not raise its policy interest rate when financial and capital markets are unstable.” He also said he believed the …

Wall Street rallies from worst day in 2 years as Japanese stocks soar
5 months ago

Wall Street rallies from worst day in 2 years as Japanese stocks soar

Associated Press  

NEW YORK — A rising tide swept stocks higher, and calm returned to Wall Street after Japan’s market soared earlier Tuesday to claw back much of the losses from its worst day since 1987. AP AUDIO: Wall Street rallies to bounce back from its worst day in nearly 2 years, as Japanese stocks soar Stocks are bouncing back after big …

Wall Street stocks plunge as fears grow that tech bubble has burst
5 months ago

Wall Street stocks plunge as fears grow that tech bubble has burst

The Telegraph  

Investors have ramped up bets that the US Federal Reserve will be forced into an emergency interest rate cut to support the economy as fears of recession grow. Shares plunged and bonds rallied amid growing fears that the world’s biggest economy is heading for recession and concern that an AI-fuelled stock bubble has burst. The tech-heavy Nasdaq Composite plummeted by …

Wall Street’s smaller stocks roar a day after S&P 500’s worst loss since 2022
5 months, 2 weeks ago

Wall Street’s smaller stocks roar a day after S&P 500’s worst loss since 2022

LA Times  

A swirling day of trading left the Standard & Poor’s 500 with a loss of 0.5%. Wall Street’s split widened Thursday, as smaller stocks and other formerly downtrodden areas of the market rose while superstar Big Tech stocks gave back more of their stellar gains. Weighing on Wall Street were continued losses for Nvidia and most of the handful of …

Stock market today: Asian stocks mixed amid volatile yen after Wall St climbs on inflation report
5 months, 4 weeks ago

Stock market today: Asian stocks mixed amid volatile yen after Wall St climbs on inflation report

Associated Press  

HONG KONG — Asian stocks were mixed Friday with the yen moved between gains and losses after the latest update on inflation bolstered Wall Street’s belief that relief on interest rates may come as soon as September. AP AUDIO: Stock market today: Most of Wall Street rises after key inflation report, but Big Tech slumps Markets continue moving higher. Wall …

Stock market today: Asian shares mostly rise, boosted by Wall Street records as Tesla zooms
6 months, 1 week ago

Stock market today: Asian shares mostly rise, boosted by Wall Street records as Tesla zooms

Associated Press  

TOKYO — Asian shares were mostly higher on Wednesday after Tesla shares zoomed up more than 10%, helping to drive U.S. benchmarks to new records. But some traders were keeping to the sidelines ahead of Thursday’s Independence Day holiday in the U.S. “On the radar is the Japan’s Nikkei, which may extend its run above the 40,000 level, with overnight …

US stock market update: S&P 500 hits 30th record of 2024
6 months, 3 weeks ago

US stock market update: S&P 500 hits 30th record of 2024

Hindustan Times  

A rally in several large technology companies drove stocks to all-time highs, with some prominent Wall Street strategists rushing to boost their targets even as many hedge funds grow increasingly cautious. “We believe the S&P 500 can reach 6,000 by year-end as the combination of better earnings and one or two rate cuts is like a turbo booster for stock …

Stock market today: Wall Street coasts to the finish line of another winning week
7 months, 4 weeks ago

Stock market today: Wall Street coasts to the finish line of another winning week

Associated Press  

NEW YORK — U.S. stocks coasted to the close of another winning week on Friday. AP AUDIO: Stock market today: Wall Street coasts toward the close of another winning week AP business correspondent Seth Sutel reports. “That mood can change quickly.” Last week, Federal Reserve Chair Jerome Powell helped pull yields lower after saying the central bank remains closer to …

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