Trading has been unsettled all week and was especially volatile on Thursday after a government report showed that inflation remains very hot.
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Posted inBusiness, Nation & World, News
Stocks mount biggest comeback in years
The turnarounds are the biggest for each index since March 2020.
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Posted inBusiness
Late slide sends Wall Street lower in more uncertain trading
Investors worry that stubbornly high prices on everything from food to clothing could lead to a recession.
Posted inBusiness
Stocks lose more ground on fears of looming recession
However, the major indexes notched a gain for the week, thanks to a powerful but short-lived rally Monday and Tuesday.
Posted inBusiness
Stocks close lower again on Wall Street
But the S&P is up 4.4% for the week, after its best two-day rally since 2020.
Posted inBusiness, Nation & World, News
Wall Street soars to best day since summer, with S&P up 2.6%
Helping to drive markets was a report on U.S. manufacturing that came in weaker than expected, along with data showing a drop-off in construction spending from July to August.
Posted inBusiness
Stocks rally, bonds soar in relief after UK central bank calms markets
The Bank of England took emergency action Wednesday after the UK government spooked investors over unfunded tax cuts.
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U.S. stocks end mixed a day after Dow entered a bear market
Stocks ended a wobbly day with mixed results on Wall Street as markets continue to be unstable.
Posted inBusiness, Nation & World, News
Stocks fall on recession fears; Dow slips into bear market
Wall Street is worried that the Fed’s rate hikes will pump the brakes too hard on the economy and cause a recession.
Posted inBusiness, Nation & World, News
Stocks hit lowest level since 2020, revive fear of recession
The selling capped another rough week on Wall Street, leaving the major indexes with their fifth weekly loss in six weeks.