Economy Oct 28 Strong corporate earnings drive another week of Wall Street gains Technology stocks led a broad rally on Wall Street Friday, capping another strong week for the market, as investors welcomed solid profits from Apple and other companies.
Economy Oct 27 U.S. mortgage rates hit 20-year high, top 7 percent after Fed hikes Average long-term U.S. mortgage rates topped 7% for the first time in more than two decades this week, a result of the Federal Reserve's aggressive rate hikes intended to tame inflation not seen in some 40 years.
Economy Oct 13 After rocky morning, stocks mount biggest comeback in years The S&P 500 jumped to a gain of 2.6 percent, a stunning reversal after earlier being down as much as 2.4 percent and touching its lowest level in nearly two years.
Economy Aug 26 Dow Jones drop 3 percent after Fed Chair Powell warns interest rates to stay high Stocks closed sharply lower after the head of the Federal Reserve dashed Wall Street's hopes that it may soon ease up on high interest rates in its effort to tame inflation.
Economy Jul 21 High mortgage rates, prices discourage buyers and chill housing market Sales of previously occupied homes have fallen for five straight months, during what is generally the busiest time of year in real estate.
Politics Jul 21 WATCH: Senate panel explores skyrocketing housing prices The Senate Banking Committee explored the state of housing in the United States in a hearing Thursday, as rising mortgage rates, low inventory and high home and rental prices squeeze consumers.
Economy Jun 30 From the stock market to crypto, a punishing six months for investors It's the worst start to a year for stocks in decades. Bonds are on pace for one of their worst performances in history, and cryptocurrencies have tumbled after soaring last year.
Economy May 05 Stocks slump 3 percent as worries grow over higher interest rates Stocks are slumping on Wall Street, erasing a rally from a day earlier, as markets assess the looming fallout from the Federal Reserve's stepped-up fight against inflation.
Economy Mar 01 Oil prices surge above $100 a barrel as war on Ukraine rages The price of oil surged back above $100 a barrel after Russia, a major energy producer, faced further isolation and economic damage because of its invasion of Ukraine.
Economy Dec 31 Stocks notch big yearly gain despite ending 2021 on a weak note A wave of consumer demand fueled by the reopening of economies pumped up corporate profits more than expected in 2021, which helped keep investors in a buying mood.