Damian’s Recent Stories
Economy Sep 30
S&P 500 fell 4.8% in September, worst month since March 2020After climbing steadily for much of the year, the stock market became unsettled in recent weeks with the spread of the more contagious delta variant of COVID-19, a sudden spike in long-term bond yields and word that the Federal Reserve…
Economy Jul 28
WATCH: Federal Reserve chair Powell notes improving economy, a step toward easing supportThe Federal Reserve said Wednesday that the U.S. economy is strengthening and making progress on the Fed's employment and inflation goals, a small step toward dialing back its ultra-low-interest rate policies, perhaps later this year.
Economy Jul 19
Stocks skid as investors fear virus surge will dent recoveryStocks skidded on Wall Street and investors sought refuge in government bonds amid worries that a surge in virus infections around the world will threaten the economic recovery.
Economy Jun 24
Infrastructure spending promises boost for industryDetails of the deal were scarce, but the pared-down plan, with $579 billion in new spending, has rare bipartisan backing and could open the door to the president's more sweeping $4 trillion proposals later on.
Economy Jan 20
Wall Street hits records amid profit reports, inaugurationU.S. stocks are rallying to records Wednesday on encouraging earnings reports and continued optimism that new leadership in Washington will mean more support for the struggling economy.
Economy Jan 08
Wall Street drifts near records following weak jobs reportThe Dow Jones Industrial Average was swinging between gains and losses and was down 20 points, or 0.1%, at 31,020, as of 12:15 p.m. Eastern time, and the Nasdaq composite was 0.8% higher. All the major U.S. stock indexes set…
Economy Oct 28
S&P 500 sinks 3.5 percent as surging virus cases threaten shutdownsThe Dow Jones Industrial Average dropped 943 points Wednesday as surging coronavirus cases in the U.S. and Europe threaten more business shutdowns and pain for the economy.
Economy Oct 26
U.S. stocks tumble toward worst day in a month amid virus woesStocks of companies that need the virus to abate and the economy to return to normal had some of the sharpest losses on Wall Street. Stocks also weakened across much of Europe and Asia.
Economy Oct 06
Stocks drop after President Trump calls off stimulus talksStocks dropped on Wall Street Tuesday after President Donald Trump ordered a stop to negotiations with Democrats over another round of aid for the economy until after the election.
Economy Sep 11
Tech falters again as Wall Street ends worst week in monthsThe S&P 500 rose 0.1%, but only after a roller-coaster day where a gain of 0.9% gave way to a loss of 0.9%.