US stocks rose on Thursday as banks rallied after Federal Reserve’s annual stress test showed that the biggest US banks have enough capital to weather a severe economic slump. The S&P 500 gained 20.18 points, or 0.46%, at 4,397.04 points. The Dow Jones Industrial Average rose 266.88 points, or 0.79%,Read More →
Apple share price hit a record high on Wednesday with its market capitalization crossing above $3 trillion during the day. The stock, however, ended 0.6% higher at a record high for the second consecutive session at $189.25, putting its market value at $2.98 trillion at the close, according to Refinitiv data. Read More →
US stocks closed mixed on Wednesday following a volatile session. The S&P 500 lost 1.14 points, or 0.02%, at 4,377.37 points. The Dow Jones Industrial Average fell 63.90 points, or 0.19%, at 33,862.84. The Nasdaq Composite rose 36.08 points, or 0.27%, at 13,591.75. Federal Reserve chair Jerome Powell on WednesdayRead More →
US stocks climbed on Tuesday on upbeat economic data. The S&P 500 gained 49.25 points, or 1.14%, at 4,378.07 points. The Dow Jones Industrial Average rose 210.66 points, or 0.62%, to 33,925.37. The Nasdaq Composite climbed 219.71 points, or 1.65%, at 13,555.49. A report showed that new orders for keyRead More →
All three major US stock indexes ended red, with megacap momentum stocks pulling the tech-heavy Nasdaq to the sharpest decline, down 1.16%. The Dow Jones Industrial Average fell 12.72 points, or 0.04%, to 33,714.71, the S&P 500 lost 19.51 points, or 0.45%, to 4,328.82 and the Nasdaq Composite dropped 156.74Read More →
On the Wall Street next week, investors’ major focus will be on the release of the results for the Federal Reserve’s annual stress tests of banks. As the Federal Reserve contemplates new rules tied to Basel III Endgame, the bigger changes for banks are likely to come later, said analysts.Read More →
US stocks rose on Thursday as Federal Reserve chairman Jerome Powell wrapped up his congressional testimony. The S&P 500 rose 16.15 points, or 0.37%, at 4,381.84 points. The Dow Jones Industrial Average fell 3.16 points, or 0.01%, at 33,948.36. The Nasdaq Composite gained 128.41 points, or 0.95%, at 13,630.61. Powell, appearing before theRead More →
US stocks slumped on Wednesday as Federal Reserve Chair Jerome Powell indicated more interest rate hikes to tame inflation in the year ahead. The S&P 500 fell 22.98 points, or 0.52%, at 4,365.73 points. The Dow Jones Industrial Average dropped 102.42 points, or 0.30%, at 33,952.64. The Nasdaq Composite lostRead More →
US Federal Reserve Chair Jerome Powell is scheduled to give his semi-annual report to Congress on Wednesday after the policymakers kept interest rates unchanged at their meeting last week. Analysts expect a hawkish tone from Powell as the central bank forecasts around two more quarter-point rate hikes this year. SharesRead More →
US stocks declined on Tuesday on profit-booking and as investors await Federal Reserve chairman Jerome Powell’s congressional testimony. The S&P 500 lost 20.88 points, or 0.47%, at 4,388.71. The Dow Jones Industrial Average fell 245.25 points, or 0.72%, at 34,053.87. The Nasdaq Composite dropped 22.28 points, or 0.16%, at 13,667.29.Read More →
