Wall Street is ignoring the omens of recession — here’s why
5 years, 3 months ago

Wall Street is ignoring the omens of recession — here’s why

Salon  

The world is on the brink of a recession, if all the breathless headlines are to be believed. The answer to my students’ question has a lot to do with profits and interest rates, but also “animal spirits.” Moving in mysterious ways Both the Dow Jones Industrial Average and the Standard & Poor’s 500, Wall Street’s two main gauges for the U.S. economy, hit record highs in July and have been hovering near them ever since. But beyond these mysterious movements there are two primary factors that push overall stock prices up and down: profits and interest rates. When interest rates fall, it costs less to run the company since businesses pay less to service their debts, boosting profits. Lower interest rates also boost the share prices of companies that don’t borrow money because they increase the present value of their future profits.

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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
2 days, 16 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
2 days, 19 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, 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 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 …

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

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 …

Stock market today: Wall Street hits records despite tariff talk
1 month, 2 weeks ago

Stock market today: Wall Street hits records despite tariff talk

Associated Press  

NEW YORK — U.S. stocks rose to records Tuesday after Donald Trump’s latest talk about tariffs created only some ripples on Wall Street, even if they could roil the global economy were they to take effect. Stock markets abroad mostly fell after President-elect Trump said he plans to impose sweeping new tariffs on Mexico, Canada and China once he takes …

Wall Street hits records despite tariff talk
1 month, 2 weeks ago

Wall Street hits records despite tariff talk

LA Times  

U.S. stocks rose to records Tuesday after Donald Trump’s latest talk about tariffs created only some ripples on Wall Street, even if they could roil the global economy were they to take effect. Stock markets abroad mostly fell after President-elect Trump said he plans to impose sweeping new tariffs on Mexico, Canada and China once he takes office. Beyond the …

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 …

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 …

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 slides after Treasury yields climb back above 4% and oil rises
3 months 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 …

Stock market today: Wall Street ticks to another record as stocks worldwide rally
3 months, 2 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 …

Stock market today: Wall Street drifts as Oracle soars and banks and oil slump
3 months, 4 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 …

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 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 …

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 …

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 …

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 …

Sell-off on Wall Street: Why it is happening and what it says about the economy
5 months ago

Sell-off on Wall Street: Why it is happening and what it says about the economy

LA Times  

Specialist Glenn Carell works at his post on the floor of the New York Stock Exchange on Monday. Technology stocks have been hit particularly hard lately: The Nasdaq composite was, for a moment on Monday, down more than 10% since the middle of last week, entering into what economists euphemistically call “correction” territory. And even when things level out, the …

Stock market today: Asian benchmarks are mixed as Tokyo sips on strong yen
5 months, 1 week 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, 4 weeks 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
6 months 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: 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 rallies to records as Federal Reserve sees rate cuts for 2024
9 months, 2 weeks 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, 3 weeks 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: Wall Street skids after inflation remains stubbornly high
10 months, 3 weeks 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
11 months 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 …

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

Banking CEOs warn of economic uncertainty: Is a US recession on the horizon?
1 year, 1 month ago

Banking CEOs warn of economic uncertainty: Is a US recession on the horizon?

Hindustan Times  

Wall Street is buzzing with concerns as top banking executives, including Jamie Dimon of JPMorgan, Brian Moynihan of Bank of America, and Jane Fraser of Citigroup, testify before the U.S. Senate Banking Committee. REUTERS/Lucas Jackson/File Photo Soaring inflation has plagued the nation, decreasing from 9 percent in June 2022 to 3.2 percent in October 2023 but still exceeding the Fed's …

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

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

Wall Street leaps toward its best week of 2023 on hopes for a halt to rate hikes
1 year, 2 months 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 …

Stocks fall on Wall Street after 10-year Treasury yield climbs to the cusp of 5%
1 year, 2 months ago

Stocks fall on Wall Street after 10-year Treasury yield climbs to the cusp of 5%

LA Times  

The Fed is trying to push inflation lower, and high interest rates do that by dragging on investment prices, corporate profits and the overall economy. Yields swung after the Federal Reserve’s chair said again that the central bank will watch how the economy and inflation trend before making upcoming decisions on interest rates. It’s already pulled its main overnight interest …

Wall Street wraps its miserable September with another weak finish
1 year, 3 months ago

Wall Street wraps its miserable September with another weak finish

LA Times  

Friday’s economic data showed that not only was inflation a touch cooler than expected in August, but so was growth in spending by U.S. consumers. That’s a big reason why the S&P 500 dropped 4.9% in September to drag what had been a big gain for the year down to 11.7% Treasury yields have been climbing sharply as Wall Street …

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 …

Stock market today: Asian benchmarks boosted by Wall Street's latest winning month
1 year, 5 months ago

Stock market today: Asian benchmarks boosted by Wall Street's latest winning month

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 mostly rose Tuesday, …

Global shares jump on Wall Street’s return to its highest level in over a year
1 year, 5 months ago

Global shares jump on Wall Street’s return to its highest level in over a year

The Hindu  

Global shares rose on July 13, 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. Chinese exports tumbled 12.4% in June from a year earlier as demand weakened after the Central Bank raised interest rates to curb inflation even as …

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 …

Wall Street drifts lower as markets worldwide pull back
1 year, 6 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 …

The temporary madness of modern politics: is our strongest market a harbinger of recession?
1 year, 6 months ago

The temporary madness of modern politics: is our strongest market a harbinger of recession?

ABC  

Stephen Hawking, the scientific genius who solved some of the deepest secrets of our universe, summed up the fundamental problems facing modern economists. Rates and jobs part ways Not so long ago, in time before we were all sent home, the "natural rate" of unemployment was considered to be around 5 per cent. Inflation didn't immediately take off after Australia's …

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 …

Wall Street churns to a mixed finish
1 year, 7 months ago

Wall Street churns to a mixed finish

LA Times  

President Biden and House Speaker Kevin McCarthy reached a deal over the weekend to allow the U.S. government to borrow more money, a move that would enable it to avoid a default on its debt. Wall Street churned to a mixed finish Tuesday as a long list of worries looms, even if the most pressing crisis seems to be calming …

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 …

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