Stocks slide on Wall Street over new trade war concerns
Stocks moved broadly lower in afternoon trading on Wall Street Wednesday as investors turned anxious about the possibility that the U.S. and China may not reach a trade deal before next year.
Stocks end week of milestones at new highs. Dow tops 28,000
Wall Street closed out the week with more milestones Friday as the Dow Jones Industrial Average crossed 28,000 for the first time and the S&P 500 and Nasdaq hit record highs.
Wobbly day on Wall Street ends mixed
Wall Street capped a wobbly day for stocks with another record-setting finish Wednesday.
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Why Trump attacked his Fed chair after 1st interest rate cut in years
The Federal Reserve cut a key short-term interest rate for the first time in a decade, lowering the federal funds rate a quarter point. It had raised that rate, which reflects what banks charge each other for loans, in December.
The Dow Jones Industrial Average tumbled more than 470 points Tuesday as the U.S. and China moved closer to an escalation of their already costly trade war.
The quarter-point hike, to a range of 2.25 percent to 2.5 percent, lifted the Fed's benchmark rate to its highest point since 2008. The increase will mean higher borrowing costs for many consumers and businesses.
Wall Street saw gains across the Dow Jones, the Nasdaq and the S&P 500 amidst signs interest rate hikes might slow. Fed chairman Jerome Powell acknowledged that “moving too fast” could jeopardize economic growth, although he also cautioned against going…
Federal Reserve Chairman Jerome Powell cast a bright picture of the U.S. economy Wednesday and appeared to suggest that the Fed might consider a pause in its interest rate hikes next year to assess the impact of its credit tightening.
Tuesday in our news wrap, another choppy day of trading on Wall Street. Stocks fell on lackluster earnings reports and steep losses overseas. Also, Hurricane Willa is making landfall on Mexico's Pacific Coast tonight, with winds diminished to around 120…
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