Stocks closed lower on Wall Street ahead of a key decision on interest rates by the Federal Reserve.
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Posted inBusiness, Nation & World
Dow drops 1,008 points on Fed chairman’s rates speech
Jerome Powell says further interest rate increases are in order to beat back the high inflation sweeping the country.
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Posted inBusiness, Nation & World
Stocks end higher on Wall Street after more choppy trading
The choppy trading for stocks follows a four-week winning streak for the S&P 500.
Posted inBusiness, Nation & World
Companies facing 1st ever tax on stock buybacks in Biden bill
Investors, including pension and retirement funds, like the buybacks. But critics of big corporations call the practice ‘paper manipulation’ to enrich executives and big shareholders.
Posted inBusiness, Nation & World
Stocks slip on Wall Street after another meandering day
Treasury yields climbed through the day as concerns calmed a bit that the first visit by a U.S. Speaker of the House to Taiwan in 25 years could spark conflict between the world’s two largest economies.
Posted inBusiness, Nation & World
Stocks rally again, close out best month since Nov. 2020
The latest rally came as investors weighed a mix of company earnings reports and new data showing inflation jumped by the most in four decades last month.
Posted inBusiness
Stocks slide on Wall Street as inflation worries persist
The indexes got off to a solid start on Tuesday, but gains faded by midday on consumer confidence news.
Posted inBusiness
Wall Street ends mixed after day of wavering up and down
The market’s uneven finish comes after stocks closed out last week with solid gains.
Posted inBusiness, Nation & World
Final-hour rally yanks Wall Street from edge of bear market
Rising interest rates, high inflation, the war in Ukraine and a slowdown in China’s economy have been worrying investors.
Posted inBusiness, Nation & World
A bear market may be on the Wall Street horizon. Here’s what that means.
Low interest rates act like steroids for stocks and other investments, and Wall Street is now going through withdrawal.