NEW YORK : US stocks eked out a slight gain on Monday as investors engaged in some bargain hunting after last week’s losses, the biggest percentage declines of 2023 for Wall Street’s main benchmarks, as jitters persisted about coming interest rate hikes to tame stubbornly high inflation. All three mainRead More →
Wall Street’s main indexes rose on Tuesday, with the S&P 500 and Nasdaq up more than 1% following comments from Federal Reserve Chair Jerome Powell that were perceived to be less hawkish than expected. Powell said, in a Q&A session at the Economic Club of Washington, that he expects 2023Read More →
Wall Street’s rally hit a wall after a shocking jobs report showed the U.S. economy created a third of a million more jobs last month than expected, fueling worries about inflation and higher interest rates. The S&P 500 fell 1% in early trading Friday and is on pace for itsRead More →
The S&P 500 was 1% lower in afternoon trading, giving back some of its gains from last week when it reached its highest level since early December. The Dow Jones Industrial Average was down 127 points, or 0.4%, at 33,855, as of 1:54 p.m. Eastern time, and the Nasdaq compositeRead More →
The tech-heavy Nasdaq led gains among the main Wall Street indexes on Monday, boosted by shares of Amazon and Tesla, while signs of a cooling labor market supported bets of a slower pace of interest rate hikes by the Federal Reserve. Amazon. com Inc rose 3.4% after Jefferies said itRead More →
Wall Street’s main indexes dropped on Thursday after fresh data underscored strength in the U.S. economy and aggravated concerns over the Federal Reserve’s continued policy tightening. Losses in rate-sensitive megacap growth stocks such as Apple Inc, Microsoft Corp and Amazon.com Inc pulled technology and consumer discretionary shares lower. The finalRead More →
It was among the millions of trades made by individual investors that day. The Houston resident’s order didn’t go to the New York Stock Exchange or Nasdaq Inc., where buyers and sellers haggle over the company’s shares. Instead, TD Ameritrade sent Mr. Hanson’s order to Citadel Securities, an electronic tradingRead More →
Representational image only. | Photo Credit: Reuters Asian stocks extended a global rally on December 1 and the dollar fell after Federal Reserve boss Jerome Powell flagged a slowdown in the pace of interest rate hikes and China opened the way for a softer approach to fighting COVID-19. A growingRead More →
