Stocks were broadly lower Friday after a Federal Reserve official said that the nation’s central bank might need to raise interest rates as early as next year.
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Posted inBusiness, Nation & World
Stocks sink again on Wall Street over fears of inflation
Tech giants, which had soared during the past year of lockdowns, take some of the biggest losses as the Dow sheds more than 680 points.
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Posted inBusiness, Nation & World
Global rally slows, but optimism over vaccine remains high
It’s the second straight day that rising hopes for a COVID-19 vaccine have investors reordering which stocks they see winning and losing.
Posted inBusiness, Nation & World
Wall Street ends higher after shaking off a wobbly start
Traders welcomed encouraging data on the pace of layoffs and how powerfully the economy rebounded during the summer from its coronavirus-induced coma.
Posted inBusiness, Nation & World
Dow sinks 943 points as surging virus cases force shutdowns in Europe
Coronavirus counts are also climbing at a troubling rate in much of the United States, and the number of deaths and hospitalizations due to COVID-19 are on the rise.
Posted inBusiness, Nation & World
U.S. stocks have their worst day in a month as virus cases surge
Stocks of companies that need the virus to abate and the economy to return to normal had some of the biggest losses.
Posted inBusiness, Nation & World
Tech slump sends stock market to its biggest loss since June
Investors will be paying close attention Friday when the Labor Department releases its August job report.
Posted inBusiness
S&P 500 shakes off a bumpy start, pushes to another record
Positive developments around the pandemic have helped boost the market, but the economy is still hurting.
Posted inBusiness, Nation & World
U.S. stocks hit record high, ending shortest bear market in history
The rise suggests investors see a recovery on the horizon.
Posted inBusiness, Nation & World
Dow falls more than 700 points as surge in coronavirus cases rattles investors
Worsening outbreaks in several states combined with new travel restrictions in the northeast send markets tumbling.