Aug 06 Wall Street steadies after worst day in nearly 2 years, economic fears and finance structures blamed By Stan Choe, Associated Press Several factors have been behind the recent swoon for markets, including fears about a slowing U.S. economy. Some technical reasons may also be accelerating movements for markets worldwide. Continue reading
Jul 24 Weak profit reports from big tech companies send stocks tumbling on Wall Street By Stan Choe, Alex Veiga, Associated Press A wipeout on Wednesday sent U.S. stock indexes to their worst losses since 2022 after profit reports from Tesla and Alphabet helped suck momentum from Wall Street’s frenzy around artificial-intelligence technology. Continue reading
Jul 03 As slowing economy boosts hopes for lower interest rates, Wall Street keeps hitting new records By Stan Choe, Associated Press The S&P 500 rose 0.5 percent to set an all-time high for a second straight day and for the 33rd time this year. Continue reading
May 16 Dow Jones hits record-high 40,000 points By Stan Choe, Associated Press The Dow Jones Industrial Average hit a new milestone Thursday. Continue reading
May 01 WATCH: Fed Chair Powell suggests taming inflation will take longer than expected By Christopher Rugaber, Associated Press The Federal Reserve on Wednesday emphasized that inflation has remained stubbornly high in recent months and said it doesn’t plan to cut interest rates until it has “greater confidence” that price increases are slowing sustainably to its 2 percent target. Continue reading
Apr 26 Rooting for Trump to fail has made his stock shorters millions By Bernard Condon, Associated Press There have been plenty of scary moments, including last week when DJT, the ex-president’s initials and stock ticker, jumped nearly 40% in two days. Continue reading
Feb 22 Wall Street sees a solid 2024 ahead for homebuilders, though mortgage rates remain a wildcard By Alex Veiga, Associated Press Housing market trends are shaping up in favor of a solid 2024 for U.S. homebuilders — as long as mortgage rates don't jump back to the highs they hit late last year. Continue reading
Dec 13 Dow hits a record after the Fed signals rate cuts in 2024 By Stan Choe, Associated Press A powerful rally across Wall Street sent the Dow Jones Industrial Average to a record on Wednesday after the Federal Reserve indicated that the cuts to interest rates investors crave so much may be coming next year. Continue reading
Dec 06 WATCH: Wall Street bank CEOs oppose proposed Biden regulations in Senate hearing By Ken Sweet, Associated Press The banks contend the new regulations proposed by the administration would curtail lending and weaken bank balance sheets at a time when the industry needs more flexibility. Continue reading
Apr 14 Wall Street holds steady a biggest banks post strong first-quarter profits By Joe McDonald, Matt Ott, Associated Press Wall Street held steady in premarket trading Friday as some of the nation's biggest banks posted strong first-quarter profits one day after markets surged on reports of slowing inflation. Continue reading