Wall Street sinks as stocks tumble worldwide
1 year, 7 months ago

Wall Street sinks as stocks tumble worldwide

LA Times  

On Wall Street, the focus is squarely on Capitol Hill and the White House, where the latest battle between Democrats and Republicans is threatening to cause the nation’s first-ever default on its debt. The Standard & Poor’s 500 index dropped 0.7% after House Speaker Kevin McCarthy said Republicans and Democrats remain “far apart” in their efforts to prevent a potentially disastrous default on the U.S. government’s debt. The widespread belief on Wall Street has been that Congress would come to an agreement at the eleventh hour, as it’s done several times before, because a default would benefit no one. “We have a simple rule that they’re a year behind.” Helping to limit Wall Street’s losses were several companies that reported stronger results for the start of the year than analysts expected.

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History of this topic

Stock market today: Wall Street slumps as good news for the economy is once again bad for stocks
3 days, 3 hours ago

Stock market today: Wall Street slumps as good news for the economy is once again bad for stocks

Associated Press  

NEW YORK — Good news on the U.S. economy is back to being bad for Wall Street, and the stock market slumped Tuesday following better-than-expected reports on the job market and business activity. Now that worries from the summer about a potentially slowing U.S. economy have abated and the 10-year Treasury yield is firmly above 4.50%, “we believe the market …

Wall Street slumps as good news for the economy is once again bad for stocks
3 days, 5 hours ago

Wall Street slumps as good news for the economy is once again bad for stocks

LA Times  

Good news for the U.S. economy is back to being bad for Wall Street, and the stock market slumped Tuesday following better-than-expected reports on the job market and business activity. But such a solid economy could also keep up pressure on inflation, and it could make the Federal Reserve less likely to deliver the cuts to interest rates that Wall …

Stock market today: Wall Street indexes lose ground as market closes another record-breaking year
1 week, 3 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 rises to turn a dismal week into just a bad one
3 weeks 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 rises to turn a dismal week into just a bad one
3 weeks ago

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

LA Times  

Trader John Romolo works on the floor of the New York Stock Exchange on Wednesday. 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 H. Powell gave this week when the …

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 …

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

Wall Street today: S&P 500 falls toward worst loss since Election Day dragged by vaccine makers
1 month, 3 weeks ago

Wall Street today: S&P 500 falls toward worst loss since Election Day dragged by vaccine makers

Live Mint  

Wall Street today: US stocks are falling Friday toward their worst loss since Election Day as the big bump Wall Street got from last week's victory for Donald Trump and cut to interest rates by the US Federal Reserve keeps fading. The S&P 500 sank 1.1 per cent and was heading for a losing week and its worst day since …

Stock market today: Wall Street tumbles as the “Trump bump” fades and vaccine makers sink
1 month, 3 weeks 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, 3 weeks 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 …

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

Stock market today: Wall Street weakens as its post-election boom slows some more

Associated Press  

NEW YORK — U.S. stocks slipped Thursday as the market’s big burst following Donald Trump’s election continued to cool. Cisco Systems’ 2.1% drop 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 …

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 …

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 slumps to a rare three-day losing streak
2 months, 2 weeks ago

Wall Street slumps to a rare three-day losing streak

LA Times  

U.S. stocks fell Wednesday as more steam came out of Wall Street’s huge, record-breaking rally. The Dow Jones industrial average dropped 409 points, or 1%, while the Nasdaq composite tumbled 1.6%; Nvidia and other major tech stocks were among the market’s heaviest weights. McDonald’s helped pull the market lower, dropping 5.1% after federal health officials linked its Quarter Pounder burgers …

Wall Street rebounds after Hong Kong stocks suffer their worst day since 2008
3 months ago

Wall Street rebounds after Hong Kong stocks suffer their worst day since 2008

LA Times  

U.S. stocks rebounded Tuesday after falling oil prices released some of the pressure that had built up on the market. Wall Street held firm even though stock markets around the world sank after scary swings in China, as euphoria about possible stimulus for the world’s second-largest economy gave way to disappointment. Stocks tumbled 9.4% in Hong Kong, marking their worst …

Wall Street extends losses as technology and energy stocks fall
4 months ago

Wall Street extends losses as technology and energy stocks fall

LA Times  

Stocks lost more ground on Wall Street on Wednesday, led by declines in the technology and energy sectors. Stocks lost more ground on Wednesday as Wall Street added to its losses a day after the market’s worst skid in a month. The job openings report hit Wall Street as traders anticipate that the Federal Reserve will start cutting its benchmark …

Stock market today: Wall Street weakens ahead of a highly anticipated speech
4 months, 2 weeks ago

Stock market today: Wall Street weakens ahead of a highly anticipated speech

Deccan Chronicle  

New York: U.S. stocks weakened Thursday in the run-up to Wall Street's main event for the week, a speech by Federal Reserve Chair Jerome Powell coming on Friday. Stocks fell as Treasury yields cranked up the pressure in the bond market following some mixed data on the U.S. economy, which has been slowing under the weight of high interest rates …

Stock market today: Wall Street weakens ahead of a highly anticipated speech
4 months, 2 weeks ago

Stock market today: Wall Street weakens ahead of a highly anticipated speech

Associated Press  

NEW YORK — U.S. stocks weakened Thursday in the run-up to Wall Street’s main event for the week, a speech by Federal Reserve Chair Jerome Powell coming on Friday. Stocks fell as Treasury yields cranked up the pressure in the bond market following some mixed data on the U.S. economy, which has been slowing under the weight of high interest …

Why are the stock markets plunging – and what does it mean for you?
5 months ago

Why are the stock markets plunging – and what does it mean for you?

The Independent  

Britain’s brand-new government has found itself facing a fiscal crisis, forcing unplanned cuts to public spending and tax rises. But what has really got Wall Street’s bears sharpening their claws are the growing fears about prospects for the wider US economy. Japan’s Nikkei index suffered its biggest single-day points fall since 1987 and other markets in Hong Kong, India, Australia …

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 has its worst day since 2022; Dow sinks 1,000
5 months ago

Wall Street has its worst day since 2022; Dow sinks 1,000

LA Times  

Specialist Glenn Carell works at his post on the floor of the New York Stock Exchange on Monday. A scary Monday that started with a plunge abroad reminiscent of 1987 ’s crash swept around the world and pummeled Wall Street with more steep losses, as fears worsened about a slowing U.S. economy. “Those are usually reserved for emergencies, like COVID, …

Stock market today: Global shares tumble after a wipeout on Wall Street as Big Tech retreats
5 months, 2 weeks ago

Stock market today: Global shares tumble after a wipeout on Wall Street as Big Tech retreats

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 Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

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: Nasdaq sets another record as Wall Street wins back earlier losses
7 months, 2 weeks ago

Stock market today: Nasdaq sets another record as Wall Street wins back earlier losses

Associated Press  

NEW YORK — U.S. stocks rose Friday in a bounce back from Wall Street’s worst day since April. CEO Barbara Rentler said several challenges, “including prolonged inflation, continue to squeeze our low-to-moderate income customers’ purchasing power.” Even though data on the overall, or macro, economy has been showing continued strength for spending by U.S. households, the numbers underneath the surface …

Stock market today: Tumbling tech stocks drag Wall Street to the finish line of another losing week
8 months, 3 weeks ago

Stock market today: Tumbling tech stocks drag Wall Street to the finish line of another losing week

Associated Press  

NEW YORK — The worst week for big technology stocks since the COVID crash in 2020 dragged Wall Street on Friday across the finish line of another losing week. Nvidia, another stock that has surged to dizzying heights due to Wall Street’s frenzy around artificial-intelligence technology, also gave up some of its big recent gains. Tech stocks in the S&P …

Stock market today: Wall Street falls sharply to close out its worst week since October
8 months, 4 weeks ago

Stock market today: Wall Street falls sharply to close out its worst week since October

Associated Press  

NEW YORK — U.S. stocks tumbled Friday following a mixed start to earnings reporting season. The S&P 500 sank 1.5% to close out its worst week since October, when a huge rally on Wall Street began. The nation’s largest bank gave a forecast for a key source of income this year that fell below Wall Street’s estimate, calling for only …

Wall Street rises after data on the economy stomps expectations
11 months, 2 weeks ago

Wall Street rises after data on the economy stomps expectations

LA Times  

U.S. stocks closed higher Thursday after signals that the economy is growing more powerfully than economists expected. Wall Street’s main focus was on a report indicating the U.S. economy continues to steam ahead, demolishing last year’s forecasts for an imminent recession because of high interest rates. Of course, critics say traders on Wall Street are still overly optimistic about how …

Stock market today: Wall Street hits 2023 high as it mulls whether economy is too warm or just right
1 year, 1 month 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: Asian shares mostly lower after Wall Street retreat deepens
1 year, 3 months ago

Stock market today: Asian shares mostly lower after Wall Street retreat deepens

Associated Press  

TOKYO — Shares in Asia were mostly lower on Wednesday after Wall Street’s ugly September got even worse, with benchmarks dropping back to where they were in June. While housing and manufacturing have felt the sting of high interest rates, the economy overall has held up well enough to raise worries that upward pressure still exists on inflation. Besides high …

Wall Street drops as faltering Chinese economy sets off global slide
1 year, 4 months ago

Wall Street drops as faltering Chinese economy sets off global slide

LA Times  

China’s recovery has faltered so much that it unexpectedly cut a key interest rate Tuesday and skipped a report on how many of its younger workers are unemployed. A sharp drop for Wall Street capped a day of declines around the world Tuesday after discouraging data on China raised worries about the global economy. But China’s recovery has faltered so …

Stocks on Wall Street tumble to their worst loss in months
1 year, 5 months ago

Stocks on Wall Street tumble to their worst loss in months

LA Times  

The big issues for Wall Street remain whether the economy can avoid a long-predicted recession, as hoped, and what’s happening with corporate profits. Every investment fund I’ve looked at specifies that U.S. Treasury securities are allowed investments, regardless of what a credit rating agency might think.” The big issues for Wall Street remain whether the economy can avoid a long-predicted …

Stock market today: Asian shares jump on Wall Street’s return to its highest level in over a year
1 year, 5 months ago

Stock market today: Asian shares jump on Wall Street’s return to its highest level in over a year

Associated Press  

TOKYO — Asian shares rose Thursday, boosted by Wall Street’s return to its highest level in more than a year after a report showed U.S. consumer inflation cooled a bit more than expected last month. The U.S. government’s latest update on inflation showed that consumers paid prices for gasoline, food and other items that were 3% higher overall in June …

Stock market today: Asian stocks mixed after Wall St retreats on concern economy weakening
1 year, 7 months ago

Stock market today: Asian stocks mixed after Wall St retreats on concern economy weakening

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 stock markets were mixed …

Stock market today: Asian shares mostly rise after House approves debt ceiling deal
1 year, 7 months ago

Stock market today: Asian shares mostly rise after House approves debt ceiling deal

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 benchmarks were mostly higher …

U.S. Stocks Fall As Bank Worries Spread To Europe
1 year, 9 months ago

U.S. Stocks Fall As Bank Worries Spread To Europe

Huff Post  

LOADING ERROR LOADING NEW YORK — Stocks are back to falling on Wall Street Wednesday as worries worsen about the strength of banks on both sides of the Atlantic. Wall Street’s harsh spotlight has intensified across the banking industry recently on worries about what may crack next following the second- and third-largest bank failures in U.S. history last week. While …

Stocks tumble as Wall Street wonders what will break next
1 year, 9 months ago

Stocks tumble as Wall Street wonders what will break next

Associated Press  

NEW YORK — Fear rattled Wall Street, and stocks tumbled Friday on worries about what’s next to break under the weight of rising interest rates following the biggest U.S. bank failure in nearly 15 years. That’s despite a highly anticipated report on Friday showing pay raises for workers are slowing and other signals Wall Street wants to see of cooling …

Stocks tumble on worries of upcoming company profits and higher rates
1 year, 10 months ago

Stocks tumble on worries of upcoming company profits and higher rates

CBS News  

Stocks tumbled to their worst day in two months Tuesday, buckling under worries about higher interest rates and their tightening squeeze on Wall Street and the economy. Yields have shot higher this month as Wall Street ups its forecasts for how high the Federal Reserve will take short-term interest rates in its efforts to drive down high inflation. But on …

Wall St extends losses as recession worries mount, Apple drops
2 years, 1 month ago

Wall St extends losses as recession worries mount, Apple drops

Live Mint  

U.S. stock indexes fell in choppy trading on Wednesday as investors assessed the warnings of a looming recession from major Wall Street bankers, while Apple shares fell on analyst projections of lower iPhone shipments. The benchmark S&P 500 fell for a fifth straight session and the Nasdaq for a fourth, dragged down by a 1.4% drop in Apple Inc shares …

U.S. stock indexes fall as coronavirus lockdown protests spread in China
2 years, 1 month ago

U.S. stock indexes fall as coronavirus lockdown protests spread in China

LA Times  

Stocks closed lower on Monday as the market reacted to weekend protests in China over its strict COVID-19 lockdowns. A broad slide on Wall Street left stocks lower Monday as global financial markets reacted to protests in China calling for President Xi Jinping to step down amid growing anger over severe COVID-19 restrictions. The world’s second-largest economy has been stifled …

Wall Street update: Tech leads stocks lower as treasury yields climb
2 years, 1 month ago

Wall Street update: Tech leads stocks lower as treasury yields climb

Live Mint  

Stocks fell, with some of the world’s largest technology companies leading losses as Treasury yields climbed. “The Fed has hiked enough -- and quickly enough -- to make recession a base-case scenario in our book,” said Lauren Goodwin, economist and portfolio strategist at New York Life Investments. “Volatility and risk premia are likely to remain elevated as long as the …

Wall St falls as close race for Congress raises uncertainty
2 years, 2 months ago

Wall St falls as close race for Congress raises uncertainty

Live Mint  

US stock indexes fell on Wednesday as uncertainty around the outcome of a tightly contested midterm election weighed on the mood, with investor focus shifting to Thursday's inflation data for clues on the path of future interest rate hikes. the general rule of thumb as far as markets are concerned is gridlock is good - fewer policy changes and less …

Stocks lose more ground on fears a recession may be looming
2 years, 3 months ago

Stocks lose more ground on fears a recession may be looming

Associated Press  

NEW YORK — Good news on the economy remains bad news for Wall Street, as stocks fell sharply Friday on worries a still-strong U.S jobs market may actually make a recession more likely. “The Fed thinks we need more people unemployed in order to make sure inflation comes down and stays down.” Stocks have tumbled over 20% from records this …

Stocks fall sharply on Wall Street amid renewed inflation fears
2 years, 4 months ago

Stocks fall sharply on Wall Street amid renewed inflation fears

CBS News  

Stocks fell broadly on Wall Street, extending the market's losses amid worries about inflation and the path ahead for the economy. "The longer inflation remains elevated, the more likely consumers must tap into credit and savings to support their spending habits," Jeffrey Roach, chief economist at LPL financial, said in a note. Investors are also looking ahead to this week's …

Wall Street falls on rising US-China tensions, Caterpillar shares weigh
2 years, 5 months ago

Wall Street falls on rising US-China tensions, Caterpillar shares weigh

Live Mint  

Wall Street's major indexes fell on Tuesday on concerns over rising U.S.-China tensions ahead of the arrival of U.S. House of Representatives Speaker Nancy Pelosi in Taiwan, with losses in industrial bellwether Caterpillar adding to the slide. The CBOE volatility index, also known as Wall Street's fear gauge, rose to 24.31 points, its highest level in nearly a week and …

US market: Wall Street sinks as recession fears grow
2 years, 6 months ago

US market: Wall Street sinks as recession fears grow

India TV News  

Stocks tumbled on Wall Street Thursday as worries roared back to the fore that the world’s fragile economy may buckle under higher interest rates. Wall Street fell with stocks across Europe after central banks there followed up on the Federal Reserve’s big interest-rate hike on Wednesday. “Another concern is that with the change in policy, there’s been weakening economic data …

4 reasons the economy looks like it’s crumbling — and what to do about it
2 years, 7 months ago

4 reasons the economy looks like it’s crumbling — and what to do about it

CNN  

New York CNN Business — The American economy is super weird right now. The Fed is hiking rates Inflation has been rampant, and the Federal Reserve’s tool to fight surging prices lies in its ability to set interest rates higher. Fed Chair Jerome Powell said this month the central bank would continue to raise rates by half a percentage point …

Stocks dive, a day after their best session in years, as economic fears intensify
2 years, 8 months ago

Stocks dive, a day after their best session in years, as economic fears intensify

NPR  

Stocks dive, a day after their best session in years, as economic fears intensify Enlarge this image toggle caption Michael M. Santiago/Getty Images Michael M. Santiago/Getty Images It was an ugly day on Wall Street, with stocks going from one of their best days in recent memory to one of their worst on Thursday. Subramanian said markets are adjusting for …

US stocks take a hit as Ukraine crisis stokes fear
2 years, 10 months ago

US stocks take a hit as Ukraine crisis stokes fear

Al Jazeera  

The Ukraine crisis has added to uncertainty about the path of the US Federal Reserve’s tightening plans to fight inflation. United States stocks slid on Thursday, with the S&P 500 marking its biggest daily percentage drop in two weeks, as investors shifted to defensive sectors and safe havens such as bonds and gold while geopolitical tensions between Washington and Russia …

Swing shift: Wall Street’s gyrations no cause for surprise
2 years, 11 months ago

Swing shift: Wall Street’s gyrations no cause for surprise

Associated Press  

NEW YORK — What a wild ride. Last month’s swoon didn’t even count as one of them, because the S&P 500 has yet to close a trading day at least 10% below its record. After every major downturn for U.S. stocks, from the Great Depression to the 2000 dot-com bubble to 2008’s near-collapse of the financial system, the market has …

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