stock market

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Stocks Resume Slide as Consumer Confidence Drops

S&P 500 fell 2%

(Newser) - Stocks slid on Wall Street Tuesday as the market remains gripped by uncertainty over pervasive inflation, rising interest rates, and the potential for a recession. The Conference Board reported that consumer confidence fell in June to its lowest level in more than a year, driven by concerns over inflation including...

Tech, Travel Stocks Slide as Energy Firms Make Gains

Dow slipped 62 points

(Newser) - Stocks ended mixed after a day of wavering between gains and losses Monday as the market cools off following a rare winning week . Declines in technology and communication stocks, and in several big retailers and travel-related companies weighed on the market. Those losses checked gains in energy stocks and elsewhere....

The Markets Just Had a Great Day
The Markets Just
Had a Great Day
MARKETS
Jun 24, 2022 3:05 PM CDT

The Markets Just Had a Great Day

Dow surges more than 800 points

(Newser) - The markets wrapped up a rare good week on Friday with an especially strong day. The Dow surged 823 points, or 2.6%, to 31,500; the benchmark S&P 500 rose 116 points, or 3%, to 3,911; and the Nasdaq rose 375 points, or 3.3%, to 11,...

&#39;I Don&#39;t Think That a Recession Is Inevitable&#39;
'I Don't Think That
a Recession Is Inevitable'
MARKETS
Jun 23, 2022 3:05 PM CDT

'I Don't Think That a Recession Is Inevitable'

Fed chief Powell testifies to Congress, and markets tick up

(Newser) - The markets had a seesaw day but ended in positive territory Thursday and remained on track for a rare thing of late—a winning week. The Dow rose 194 points to 30,677, the S&P 500 rose 35 points to 3,795, and the tech-heavy Nasdaq outpaced them both...

Energy Stocks Pull Markets Lower After Oil Price Drop

Dow fell 47 points

(Newser) - Stocks gave up an afternoon gain and ended slightly lower on Wall Street Wednesday. Energy companies helped pull the market lower after crude oil prices sank. Investors closely watched testimony to Congress from Federal Reserve Chair Jerome Powell. He reaffirmed the central bank’s determination to raise interest rates and...

Wall Street Regains Ground After Last Week&#39;s Losses
Dow Rises Back Above 30K
MARKETS
Jun 21, 2022 3:56 PM CDT

Dow Rises Back Above 30K

Stocks were broadly higher in first trading day since last week's heavy losses

(Newser) - Stocks closed higher on Wall Street Tuesday, clawing back some of the ground they lost last week in their worst weekly drop since the beginning of the pandemic. The S&P 500 rose 2.4%. It’s still 21.5% below the record high it set in January. Markets will...

Dow Jumps 500 Points, but Is It a 'Dead Cat'?

Market is opening strong, though analysts disagree on whether the rally will be fleeting

(Newser) - The stock market was making big moves again on Tuesday, but this time in a direction that should make investors happy. The Dow jumped more than 500 points in early trading on Tuesday to reclaim its 30,000 threshold. The rise of 1.6% was eclipsed by the benchmark S&...

S&amp;P Wraps Up Worst Week Since 2020
S&P Wraps Up Worst
Week Since 2020
MARKETS
Jun 17, 2022 3:05 PM CDT

S&P Wraps Up Worst Week Since 2020

Dow loses a bit more ground on Friday

(Newser) - Stocks closed little changed on Friday to wrap up a brutal week that saw the market enter bear territory. The Dow fell 38 points 29,888, the S&P 500 rose 8 points to 3,674, and the Nasdaq rose 152 points to 10,798. Only the latter index's...

Dow Closes Below 30K as Market Worries Resume
Dow Closes Below 30K
as Market Worries Resume
MARKETS
Jun 16, 2022 3:14 PM CDT

Dow Closes Below 30K as Market Worries Resume

Major indexes in the US and around the world continue to fall

(Newser) - Markets went back to tumbling on Thursday after a brief reprieve on Wednesday. The Dow fell 741 points, or 2.4%, to close below 30,000 at 29,927; the benchmark S&P fell 123 points, or 3.2%, to 3,666; and the tech-centric Nasdaq fared worst of all,...

What to Do, and Not to Do, as a Recession Looms
What to Do, and Not to Do,
as a Recession Looms
the rundown
Jun 16, 2022 9:55 AM CDT

What to Do, and Not to Do, as a Recession Looms

Dow drops below 30K as bear market deepens

(Newser) - The stock market actually rose Wednesday in the immediate aftermath of the Fed's decision to raise rates by a whopping 0.75% . Thursday, not so much. Major indexes fell more than 2% in early trading and sent the Dow below 30,000, its lowest level in more than a...

Stocks Rally After Fed&#39;s Big Rate Hike
Stocks Rebound After
Fed's Big Rate Hike
MARKETS
Jun 15, 2022 3:40 PM CDT

Stocks Rebound After Fed's Big Rate Hike

S&P 500 rose 1.5%

(Newser) - Stocks rallied in a roller-coaster day of trading on Wall Street Wednesday after the Federal Reserve hiked interest rates by the biggest margin since 1994, but also said such mega-hikes would not be common. The Fed did signal that more increases are on the way as it tries to tackle...

Stocks Dip Deeper Into Bear Market
Stocks Continue Slide
Ahead of Big Fed News
MARKETS
Jun 14, 2022 3:38 PM CDT

Stocks Continue Slide Ahead of Big Fed News

Dow dropped another 152 points

(Newser) - Wall Street closed mostly lower on Tuesday, a day after tumbling into a bear market on worries that high inflation will push central banks to clamp the brakes too hard on the economy. The S&P 500 slipped 0.4% after another day of unsteady trading. Investors are bracing to...

Economist Who Hates Crypto Recasts a 'Moon' Prediction

With market in free fall, Peter Schiff suggests a crash landing is coming

(Newser) - The stock market f ell into a bear market on Monday, but as badly as stocks are getting hammered, the cryptocurrency sector is getting hammered even harder. The fallout continued Tuesday, as Coinbase—the largest cryptocurrency exchange in the US—announced it was cutting 18% of its workforce, reports the...

Wall Street Is Now in a Bear Market
Wall Street Is Now
in a Bear Market
MARKETS
Jun 13, 2022 3:32 PM CDT

Wall Street Is Now in a Bear Market

Indexes, cryptocurrencies plunge worldwide

(Newser) - Wall Street entered a bear market Monday as the S&P 500 sank 3.9%, bringing it more than 20% below the record high it set in January. Fears about a fragile economy and stubbornly high inflation have slammed the stock market in recent days and sent Treasury yields surging...

S&P Slips Back Into Bear Market Territory

Wall Street opens in rough shape

(Newser) - Last week ended ugly on Wall Street. This week is picking up in exactly the same way. In fact, the benchmark S&P 500 fell back into bear territory, reports the Wall Street Journal . The S&P fell 2.3% as the market opened, and the Dow fell almost 2%...

Stocks Fall After Inflation Letdown
Stocks Plunge After
Inflation Report
markets
Jun 10, 2022 3:56 PM CDT

Stocks Plunge After Inflation Report

Market wanted to see a sign the worst of rising prices had passed

(Newser) - Wall Street's shuddering realization that inflation got worse last month, not better as hoped, sent markets reeling on Friday. The S&P 500 sank 2.9% to lock in its ninth losing week in the past 10, and tumbling bond prices sent Treasury yields to their highest levels in...

Shares Slip Ahead of Inflation Report
Stocks Fall Ahead
of Inflation Report
markets
Jun 9, 2022 3:45 PM CDT

Stocks Fall Ahead of Inflation Report

European Central Bank announces raise in interest rates

(Newser) - Stocks on Wall Street tumbled Thursday following the latest reminder that central banks now care more about fighting inflation than propping up markets. The S&P 500 sank 2.4% to 4,017.82, putting it on track for its ninth losing week in the past 10. The Dow Jones...

After Gloomy Forecasts, Stocks Lose This Week's Gains

Inflation is starting to hit retail sales

(Newser) - Stocks fell broadly on Wall Street Wednesday, erasing most of their gains for the week, as investors were discouraged to see more evidence of inflation’s impact on businesses and another gloomy outlook on the global economy. The S&P 500 index fell 44.91 points, or 1.1%, to...

Kohl&#39;s Jumps 8.2% Amid Buyout Talks
Kohl's Jumps 8.2%
Amid Buyout Talks
MARKETS
Jun 7, 2022 3:49 PM CDT

Kohl's Jumps 8.2% Amid Buyout Talks

Dow rises 264 points as investors shake off worries

(Newser) - Stocks closed higher Tuesday after another wobbly day on Wall Street. Investors shook off worries about the economy and rising interest rates to lift the S&P 500 nearly 1%, after bouncing back from an early loss of the same size. Technology stocks were some of the biggest forces lifting...

Stocks Edge Upward as Outlook Remains Murky
Stocks Edge Upward as
Outlook Remains Murky
MARKETS
Jun 6, 2022 4:00 PM CDT

Stocks Edge Upward as Outlook Remains Murky

Solar panel firms were among the day's winners

(Newser) - US stocks ticked higher Monday as Wall Street keeps wrestling with whether the economy will successfully avoid a recession amid rising interest rates and high inflation. The S&P 500 rose 12.89 points, or 0.3%, to 4,121.43 after swinging through another day of erratic moves, in...

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