stock market

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3M Drops 6.3% After Disappointing Earnings Report

Indexes drifted between gains, losses

(Newser) - Stocks ended mixed on Wall Street Tuesday after drifting between gains and losses as more big US companies delivered their earnings reports for the last three months of 2022. Some of them came up short of what investors were expecting, leading to drops in their stock prices, the AP reports....

Markets Rally as Fed Rate Move Approaches
Markets Rally as
Fed Rate Move
Approaches
MARKETS
Jan 23, 2023 3:49 PM CST

Markets Rally as Fed Rate Move Approaches

Tech stocks led the way, with Nasdaq up 2%

(Newser) - Stocks closed higher on Wall Street as investors grew more convinced the Federal Reserve will keep downshifting the size of its rate hikes and as several major companies prepared to report their latest results. Tech companies led the way in a broad rally, pushing the Nasdaq composite up 223.98...

After Worrying, Market Rallies
Market Rallies After Comments
markets
Jan 20, 2023 4:04 PM CST

Market Rallies After Comments

Fed governor says he wants just quarter-point increase in interest rates

(Newser) - A rough week on Wall Street dominated by worries about a weakening economy ended Friday with a broad rally that gave the market its best day in two weeks. The Dow rose 330.93 points, or 1%, to 33,375.49; the S&P 500 climbed 73.76 points, or...

No Relief: Stocks Lose More Ground
No Relief: Stocks
Lose More Ground
MARKETS
Jan 19, 2023 3:13 PM CST

No Relief: Stocks Lose More Ground

Dow falls another 252 points

(Newser) - Stocks lost ground again on Thursday as worries build that the US may be headed for a painful recession. The Dow fell 252 points to 33,044, the S&P 500 fell 30 points to 3,898, and the Nasdaq fell 104 points to 10,852. All of the losses...

Wall Street Just Had Its Biggest Pullback of the Year

Dow fell 614 points

(Newser) - Wall Street had its biggest pullback of the year Wednesday as a January market rally sputtered. Technology stocks led the way lower, including a 1.9% drop in Microsoft after the tech titan joined others in its industry in announcing layoffs . Weak readings on retail sales and industrial production also...

Dow Dragged Down by Goldman Sachs Results
Goldman Sachs Reports
66% Fall in Profit
MARKETS
Jan 17, 2023 3:49 PM CST

Goldman Sachs Reports 66% Fall in Profit

Dow drops 392 points

(Newser) - Major US indexes closed mixed on Wall Street at the beginning of a holiday-shortened, but earnings-heavy week. The S&P 500 fell 8.12 points, or 0.2%, to 3,990.97. The Nasdaq rose 15.96 points, or 0.1%, to 11,095.11. The Dow Jones Industrial Average...

Stocks Climb as Banks File First Earnings Reports

S&P 500 has its best week in two months

(Newser) - Stocks closed higher Friday on Wall Street as earnings reporting season got underway and CEOs began to show how well or poorly they're navigating high inflation and a slowing economy. The S&P 500 rose 15.92 points, or 0.4%, to 3,999.090, after erasing an earlier...

Inflation Numbers Put Market in a Better Mood
Inflation Numbers Put
Market in a Better Mood
MARKETS
Jan 12, 2023 3:14 PM CST

Inflation Numbers Put Market in a Better Mood

Dow rises more than 200 points

(Newser) - Wall Street closed modestly higher Thursday after a report showed inflation slowed again last month, bolstering hopes the Federal Reserve may take it easier on the economy through smaller hikes to interest rates. The Dow rose 216 points, or 0.6%, to 34,189; the S&P 500 ticked up...

Markets Rally Ahead of Key Report on Inflation
Markets Rally Ahead of
Key Report on Inflation
MARKETS
Jan 11, 2023 3:50 PM CST

Markets Rally Ahead of Key Report on Inflation

Optimism has caused 'mini-rebound'

(Newser) - Stocks closed higher on Wall Street as investors made their final moves ahead of a highly anticipated report on inflation. The S&P 500 rose 1.3% Wednesday, its second straight gain before Thursday morning's inflation data. Economists expect the report to show that inflation continued to cool last...

Stocks Edge Higher Ahead of Inflation Report
Stocks Edge Higher as
Inflation Report Looms
MARKETS
Jan 10, 2023 3:46 PM CST

Stocks Edge Higher as Inflation Report Looms

Fed chair didn't offer any clues in Stockholm remarks

(Newser) - Stocks ticked higher in quiet trading on Wall Street Tuesday, ahead of some potentially market-moving reports scheduled for later in the week. The S&P 500 rose 27.16 points, or 0.7%, to 3,919.25 after drifting between small gains and losses through the day. The Dow Jones...

Macy's, Lululemon Fall After Cautious Forecasts

Markets gave up early gains Monday

(Newser) - Stocks gave up early gains and drifted to a mixed close on Wall Street. Weakness in health care companies worsened throughout the day. Stocks are coming off their first weekly gain in five on hopes the Federal Reserve may ease up on its economy-shaking hikes to interest rates as inflation...

Dow Surges After Hints About Inflation&#39;s Path
Dow Surges After
Hints About Inflation's Path
MARKETS
Jan 6, 2023 3:10 PM CST

Dow Surges After Hints About Inflation's Path

All the major indexes rise more than 2%

(Newser) - Wall Street rallied Friday amid hopes that inflation will continue to cool. All the major indexes rose more than 2% for the day and between 1% and 2% for the week, per CNBC . The Dow rose 699 points on Friday, or 2.1%, to 33,629; the benchmark S&P...

Strong Job Market Sends Markets Lower
Strong Job Market
Sends Markets Lower
MARKETS
Jan 5, 2023 3:29 PM CST

Strong Job Market Sends Markets Lower

Dow falls 339 points

(Newser) - Stocks fell broadly Thursday on Wall Street, and Treasury yields rose after another hot reading on the job market raised worries that the Federal Reserve will need to continue inflicting pain on the economy to fight inflation. The Dow fell 339 points, or 1%, to 32,930; the S&P...

Stocks Break Losing Streak
Fed Meeting Minutes
Limit Market Gains
MARKETS
Jan 4, 2023 4:07 PM CST

Fed Meeting Minutes Limit Market Gains

But market still broke a losing streak

(Newser) - Stocks ended higher on Wall Street after a day of wavering as minutes from the Federal Reserve’s last meeting of policymakers underscored how the central bank remains determined to keep rates high to crush inflation. The S&P 500 rose 28.83 points, or 0.8%, to 3,852....

Wall Street Starts 2023 on a Gloomy Note
Wall Street Starts 2023
on a Gloomy Note
MARKETS
Jan 3, 2023 3:51 PM CST

Wall Street Starts 2023 on a Gloomy Note

Major indexes drop on year's first trading day

(Newser) - Stocks fell on Wall Street’s first trading day of 2023 after closing out its worst year since 2008. The S&P 500 fell 15.36 points on Tuesday, or 0.4%, to 3,824.14. The Dow Jones Industrial Average fell 10.88 points, or less than 0.1%,...

Dow Wraps Up Worst Year Since 2008
Market Wraps Up Worst
Year Since 2008
MARKETS
Dec 30, 2022 3:06 PM CST

Market Wraps Up Worst Year Since 2008

S&P 500 fell about 20% in 2022

(Newser) - Friday was a fitting day on Wall Street—a losing day to end a lousy year. It was, in fact, the market's worst year since the 2008 financial crisis, reports CNBC .
  • The benchmark S&P 500 slipped 9 points on Friday to close the year at 3,839, down
...

Stocks Headed for Worst Year Since 2008

The picture is even worse for cryptocurrencies

(Newser) - Friday is the last trading day in a year many on Wall Street will be glad to see the last of. Stock futures fell overnight, leaving major indexes on course for their worst year since 2008, CNBC reports. The S&P 500 dropped 19.24% in 2022, the Nasdaq plunged...

Wall Street All Smiles, at Least for a Day
Wall Street All Smiles,
at Least for a Day
MARKETS
Dec 29, 2022 3:30 PM CST

Wall Street All Smiles, at Least for a Day

Dow gains 345 points

(Newser) - It's too late for a full-blown Santa Claus rally, but the markets on Thursday at least got an “abbreviated one-day version of a Santa rally," as Louis Novellier of investing firm Navellier & Associates puts it to CNBC . The Dow rose 345 points, or 1%, to 33,...

Southwest Stock Slides for a 2nd Day
Southwest Stock
Slides for a 2nd Day
MARKETS
Dec 28, 2022 3:50 PM CST

Southwest Stock Slides for a 2nd Day

S&P 500 is headed for its worst year since 2008

(Newser) - A broad slide for stocks added to Wall Street's recent losses Wednesday, as investors count down to the end of the worst year for the S&P 500 since 2008. The S&P 500 fell 1.2%, with technology, energy, and industrial stocks among the biggest weights on the...

Tesla Slides 11.4% for Biggest Decline in S&P 500

Shanghai production issues add to automaker's woes

(Newser) - Stocks closed lower Tuesday, adding to the market's recent losses as Wall Street counts down its final days of a painful year for investors. A slide in technology companies, automakers, and airlines weighed on the market, offsetting gains in energy stocks and other sectors, the AP reports. News that...

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