Tag Archives: Wall Street

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’s feverish rally takes a break as US stocks and gold pull back from their records

Wall Street’s feverish rally takes a break as US stocks and gold pull back from their records

NEW YORK (AP) — Wall Street is taking a pause. The S&P 500 fell 0.2% Thursday, coming off its latest all-time high and its eighth gain in the last nine days. The Dow Jones Industrial Average dropped 160 points, and the Nasdaq composite slipped 0.2%. Drops for Tesla and Dell Technologies helped to offset a big gain for Delta Air Lines after it delivered a stronger profit for the summer than analysts expected. The price of gold also pulled back from its latest record following its stellar run this year, while Treasury yields held relatively steady in the bond market.… 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 to more records, led by technology stocks

Wall Street ticks to more records, led by technology stocks

NEW YORK (AP) — U.S. stocks edged up to more records. The S&P 500 rose 0.1% Thursday. The Dow Jones Industrial Average added 0.2%, while the Nasdaq composite climbed 0.4%. All three set all-time highs. Technology stocks helped lead the way after OpenAI announced partnerships with South Korean companies for its Stargate artificial-intelligence infrastructure project. Fair Isaac surged to its best day in nearly three years after unveiling a program where customers can potentially bypass big credit bureaus for FICO credit scores. Stock indexes also rose across much of Europe and Asia, while Treasury yields eased in the bond market.… 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

US stocks sink under the weight of rising pressure from the bond market

US stocks sink under the weight of rising pressure from the bond market

NEW YORK (AP) — Wall Street fell under the weight of pressure from the bond market. The S&P 500 slipped 0.7% Tuesday. The Dow Jones Industrial Average lost 0.5%, and the Nasdaq composite dropped 0.8%. Big Tech stocks that have received criticism after their prices shot higher in recent years were the heaviest weights on the market. Rising yields in the bond market cranked up the pressure for all kinds of stocks. Worries about mounting debt loads for governments worldwide, plus President Donald Trump’s attacks on the Federal Reserve, have pushed yields higher. When bonds pay more interest, investors are less willing to pay high prices for stocks.… 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

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