Tag Archives: Stock Market

Wall Street rises to finish its best week in 2 months after bank stocks stabilize

Wall Street rises to finish its best week in 2 months after bank stocks stabilize

NEW YORK (AP) — Wall Street cruised to the finish of a winning week that began much bumpier. The S&P 500 rose 0.5% Friday. The Dow Jones Industrial Average added 0.5%, and the Nasdaq composite climbed 0.5%. The gains capped the S&P 500’s best week since August, but it was a roller-coaster ride. Indexes careened through jarring swings as worries built about the financial health of small and midsized banks, as well as the souring U.S.-China trade relationship. Bank stocks steadied themselves on Friday, while President Donald Trump eased some of the trade concerns after saying very high tariffs on China are not sustainable.… Continue Reading

Wall Street gets back to rising as gold keeps setting records

Wall Street gets back to rising as gold keeps setting records

NEW YORK (AP) — Wall Street is getting back to rising. The S&P 500 climbed 0.5% Wednesday and is on track to top its all-time high, a day after breaking a seven-day winning streak. The Dow Jones Industrial Average added 13 points, and the Nasdaq composite rose 0.9%. Stocks benefiting from the artificial-intelligence boom continue to pull the market higher following a nearly relentless rise since April. Gold continued its stellar year and pushed further past $4,000 per ounce. Treasury yields eased in the bond market, while stock indexes rose in Europe following a weaker finish in Asia.… Continue Reading

Wall Street finishes its winning week with more records

Wall Street finishes its winning week with more records

NEW YORK (AP) — Most U.S. stocks ticked higher, sending Wall Street to more records. The S&P 500 inched up by less than 0.1% Friday to close out its seventh winning week in the last nine, and the Dow Jones Industrial Average climbed 0.5%. Both added to their all-time highs set the day before. The Nasdaq composite lost an early gain and slipped 0.3% from its own record. Treasury yields ticked higher in the bond market following mixed reports on growth for U.S. services businesses, while crude oil prices rose to claw back some of their sharp losses from earlier in the week.… Continue Reading

Wall Street ticks toward another record as Tesla vrooms higher

Wall Street ticks toward another record as Tesla vrooms higher

NEW YORK (AP) — Wall Street is ticking toward another record. The S&P 500 climbed 0.5% Monday and was on track to top its latest all-time high set last week. The Dow Jones Industrial Average added 31 points, and the Nasdaq composite climbed 0.9%. Tesla jumped after Elon Musk bought stock worth roughly $1 billion in it, potentially signaling his faith in the electric vehicle company. The week’s main event will arrive Wednesday, when traders expect the Federal Reserve to announce its first cut to interest rates of the year. Perhaps more important will be whether it hints more cuts are coming, as Wall Street also expects.… Continue Reading

US hiring stalls with employers reluctant to expand in an economy grown increasingly erratic

US hiring stalls with employers reluctant to expand in an economy grown increasingly erratic

WASHINGTON (AP) — The American job market, a pillar of U.S. economic strength since the pandemic, is crumbling under the weight of President Donald Trump’s erratic economic policies. Uncertain about where things are headed, companies are reluctant to hire, leaving agonized jobseekers unable to find work and worrying the consumers (70% of U.S. economic activity) whose spending has driven impressive growth for the world’s biggest economy since the COVID-19 disruptions of 2020. The Labor Department reported Friday that U.S. employers — companies, government agencies and nonprofits — added just 22,000 jobs last month, down from a 79,000 in July and well below the 80,000 that economists had expected. The unemployment rate ticked up to 4.3% last month, the highest since 2021.… Continue Reading

Stocks pull back from their latest all-time highs on Wall Street

Stocks pull back from their latest all-time highs on Wall Street

Stocks lost ground on Wall Street a day after the market hit its latest all-time highs. The S&P 500 fell 0.6% Friday. The index ended August up 1.9%, its fourth straight month of gains. The Dow Jones Industrial Average fell 92 points, or 0.2%. The Nasdaq composite fell 1.2%. Treasury yields were mixed in the bond market. The government said prices mostly held steady last month. European markets were mostly lower and Asian markets closed mixed. U.S. markets will be closed on Monday for the Labor Day holiday.… Continue Reading

A late push sends Wall Street near its records

A late push sends Wall Street near its records

Stocks closed higher on Wall Street after an afternoon push left major indexes just below their recent records. The S&P 500 rose 0.4% Tuesday after drifting between small gains and losses for much of the day. The Dow Jones Industrial Average added 0.3%, and the Nasdaq composite rose 0.4%. Boeing rose 3.5% after Korean Air announced a $50 billion deal with the company that includes buying more than 100 aircraft. Dish Network parent EchoStar surged 70.2% after AT&T said it will buy some of its wireless spectrum licenses in a $23 billion deal. Treasury yields held steady.… Continue Reading

Wall Street steadies after Nvidia, Palantir and other AI stars trim their losses

Wall Street steadies after Nvidia, Palantir and other AI stars trim their losses

NEW YORK (AP) — U.S. stock indexes ended mixed after Nvidia, Palantir and other superstar stocks pared most of their steep losses from the morning. The S&P 500 dipped 0.2% Wednesday after trimming a loss that reached 1.1% earlier in the day. The Dow Jones Industrial Average added 16 points, and the Nasdaq composite fell 0.7%. The day’s action again centered around stocks caught up in the mania around artificial-intelligence technology. These stocks are facing criticism that their prices shot too high, too fast and became too expensive. Several big U.S. retailers including Target turned in mixed financial results. Treasury yields eased.… Continue Reading

Palantir, Nvidia and other AI stars dim as Wall Street pulls further from its records

Palantir, Nvidia and other AI stars dim as Wall Street pulls further from its records

NEW YORK (AP) — Wall Street is edging further from its records. The S&P 500 fell 0.3% Tuesday and is on track for a third straight modest loss after setting its all-time high last week. The Dow Jones Industrial Average added 86 points, and the Nasdaq composite was down 1%. Drops for Palantir Technologies, Nvidia and other stars bid up because of the mania around artificial-intelligence technology led the declines. Home Depot helped lift the Dow after standing by its forecast for profit and revenue this year. Treasury yields fell in the bond market on expectations for coming cuts for interest rates.… Continue Reading

Most US stocks fall after a disappointing inflation update, but Big Tech keeps Wall Street steady

Most US stocks fall after a disappointing inflation update, but Big Tech keeps Wall Street steady

NEW YORK (AP) — Most stocks are falling on Wall Street following a disappointing update on inflation. But gains for Amazon and other influential Big Tech companies are helping to mask the losses on Thursday, and the S&P 500 rose 0.1% even though three out of every four stocks within the index fell. The Dow Jones Industrial Average dipped 79 points, and the Nasdaq composite added 0.2% to its own record. The hotter-than-expected inflation report forced traders to second guess the widespread consensus that the Federal Reserve will deliver relief next month by cutting interest rates. Treasury yields rose.… Continue Reading

Recent News

Powered By SoCast