This is a published version of the Forbes Daily newsletter, you can sign-up to get Forbes Daily in your inbox here. Good morning, When Forbes first ranked the Wealthiest Black Americans in 2009, only one was a billionaire: Oprah Winfrey, then worth an estimated $2.7 billion. But net worth isn’t the only way to measure…
US stock futures pointed to a rebound Thursday from the previous day’s sell-off that was fueled by a hawkish outlook from the Federal Reserve on its path for interest rates. Futures tied to the S&P 500 (ES=F) were up 0.5%, while those on the tech-heavy Nasdaq (NQ=F) rose 0.6%. Dow Jones Industrial Average futures (YM=F)…
MANCHESTER, N.H. — The stock market plunged Wednesday, just hours after the Federal Reserve announced a quarter-point interest rate cut. The Dow fell more than 1,000 points, marking its largest drop for the index since August. This is the Dow’s tenth consecutive day of losses, the longest since 1974. In the fall, the Fed said…
The Dow Jones Industrial Average (^DJI) has had an outstanding 2024, climbing above not only 40,000, but above its 44,000 benchmark as well. Tuesday marked the ninth straight losing session for the index — its longest losing streak since February 1978 — as it now hovers above 43,000. Yahoo Finance markets and data editor Jared…
Photo: Spencer Platt (Getty Images) The Dow Jones Industrial Average rose more than 200 points Wednesday morning, recovering some ground after a nine-day losing streak as investors braced for the Federal Reserve’s last interest rate decision of the year. Following the announcement of the Federal Open Market Committee (FOMC), expected at about 2 p.m. ET,…
STORY: U.S. stocks ended lower on Tuesday with the Dow dropping for a ninth straight session as investors showed caution ahead of the Federal Reserve’s last policy meeting of the year. The Dow shed six-tenths of a percent, the S&P 500 lost four-tenths and the Nasdaq dipped about three-tenths of a percent. Markets are pricing…
Topline The U.S.’ bluechip stock index is mired in its longest stretch in the red since 1978, a potentially concerning signal for investors enjoying an otherwise sanguine period for stocks, though Tuesday’s losses are largely tied to a singular company—UnitedHealth Group—and gains remain healthy over a longer timeframe. December has not been festive for the…
A trader works on the floor of the New York Stock Exchange on Dec. 12. – Photo: Liu Yanan/Xinhua (Getty Images) The Dow Jones Industrial Average fell almost 250 points on Tuesday in what could be its longest losing streak since the 1970s. The index was down 244 points in midday trading, falling 0.56% to…
Dow Extends Losing Streak. Up Next: the Fed. The Dow Jones Industrial Average fell for a seventh trading day in a row as bond yields continued to rise ahead of next week’s Federal Open Market Committee meeting. The Dow fell 86 points, or 0.2%, marking its longest losing streak since Feb. 28, 2020. The Nasdaq…
S&P 500, Nasdaq on Track for Records as Dow Slips The S&P 500 and Nasdaq Composite were both headed for record closing highs on Monday, but things may get bumpier in the days ahead. The S&P 500 was up 0.3%, even though only 190 stocks in the index were on track to close higher. It…