Stocks rose on Wall Street Wednesday as more U.S. companies turn in their latest quarterly reports and several economic updates shed some light on the U.S. economy. The S&P 500 rose 0.5%. The Dow Jones Industrial Average rose 62 points, or 0.1%, as of 11:35 a.m. Eastern time. The Nasdaq composite rose 0.8%. The gains…
Whether or not markets are getting ahead of themselves over artificial intelligence is a hot topic for investors right now. Last week, billionaire investor Ray Dalio said his personal “bubble indicator” was relatively high, while Federal Reserve Chair Jerome Powell described the AI boom as “different” from the dotcom bubble. For Magnus Grimeland, founder of…
Futures bets on the Nasdaq 100 and the S&P 500 were both pointing strongly up this morning prior to the opening bell in New York, suggesting that some traders think yesterday’s bloodbath in the markets was overdone. The S&P lost nearly a full percentage point yesterday, and the Nasdaq was down 1.47%. Some on Wall…
By Jamie McGeever ORLANDO, Florida (Reuters) -Tech shares on Wall Street took a beating on Thursday after some megacap earnings reports, while the dollar and U.S. bond yields rose further following the Fed’s “hawkish” rate cut as investors also digested the outcome of the U.S.-China leaders’ summit. In my column today, I consider one overlooked…
US stock futures slumped on Thursday as Wall Street eyed the US-China trade truce struck by Presidents Trump and Xi, cooling odds of another interest-rate cut, and the next tranche of Big Tech earnings. Dow Jones Industrial Average (YM=F) futures slipped 0.3%. Contracts on the broad benchmark S&P 500 (ES=F) also fell 0.3%, while those…
U.S. Treasury yields inched higher on Thursday as investors digested the Federal Reserve’s latest interest rate cuts and uncertainty regarding future monetary policy. At 6:22 a.m. ET, the benchmark 10-year Treasury yield was up less than 1 basis point to 4.066%. The 2-year Treasury note yield was also up less than a basis point to 3.59%. Meanwhile, the 30-year bond yield added…
US Federal Reserve Chair Jerome Powell speaks during a press conference at the end of a Monetary Policy Committee meeting in Washington, DC, on Oct. 29, 2025. Jim Watson | AFP | Getty Images The Federal Reserve on Wednesday approved its second straight interest rate cut, though Chair Jerome Powell rattled markets when he threw…
This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting in September. Text removed from the September statement is in red with a horizontal line through the middle. Text appearing for the first time in the new statement is in red and underlined. Black text appears in both statements….
The Federal Reserve cut interest rates by a quarter percentage point Wednesday for the second meeting in a row, even as the government shutdown has left policymakers without key data to guide monetary policy. The central bank voted in a split decision to cut its benchmark interest rate to a range of 3.75% to 4.00%….
My top 10 things to watch Wednesday, Oct. 29 1. The biggest two days of 2025 begin. The Fed concludes its October meeting this afternoon and is expected to lower interest rates by another 25 basis points to a range of 3.75% to 4%. The post-announcement news conference with Fed Chairman Jerome Powell is also…