However, the major indexes notched a gain for the week, thanks to a powerful but short-lived rally Monday and Tuesday.
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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.
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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.
Posted inBusiness, Nation & World, News
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.
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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.
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Fed unsure of economy’s direction as Wall Street meltdown worsens
At the beginning of this year, for example, the median projection for the Fed’s preferred inflation gauge called for prices to rise this year by 2.6 percent.
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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.
Posted inBusiness, News
Stocks close lower ahead of Fed decision on interest rates
Stocks closed lower on Wall Street ahead of a key decision on interest rates by the Federal Reserve.
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Markets shudder on dashed inflation hopes; Dow falls 1,250
The inflation figures were so bad that traders see a 1-in-3 chance for a rate increase of a full percentage point by the Federal Reserve next week.