Past shutdowns have had minimal effect on the stock market or on the economy, and the bet on Wall Street is that something similar will happen again. Many professional investors expect the market to climb still more, even after a 35% surge from its low in April. That’s not to say there aren’t risks. Much…
NEW YORK (AP) — If the U.S. government’s latest shutdown can’t stop the stock market, what can? Stock prices keep rising, even as the shutdown delays important economic reports that usually steer trading. The S&P 500 and Dow Jones Industrial Average set all-time highs Friday. It’s not just Big Tech driving the market, which has…
NEW YORK (AP) — U.S. stocks are heading for another weekly gain and hanging near the records they set a day earlier. The S&P 500 was up 0.1% and is heading toward the close of its seventh winning week in the last nine. The Dow Jones Industrial Average added 298 points, or 0.7%, as of…
TOKYO — Asian shares were mostly higher Monday, after Wall finished the previous week near their record levels. Hong Kong’s Hang Seng added 0.4% to 26,505.18. The Shanghai Composite edged up 0.2% to 3,878.57. Worries are simmering about China’s economy, as analysts say the data for August aren’t strong enough to reflect ongoing dynamic growth,…
Trading on Wall Street was quietly mixed early Friday as markets near the end of another record-setting week ahead of the Federal Reserve’s interest rate decision on Wednesday. Futures for the S&P 500 were flat, while futures for the Dow Jones Industrial Average shed 0.2% and Nasdaq futures ticked up 0.1%. Following a mixed set…
MANILA, Philippines (AP) — World shares were mostly higher Thursday, buoyed by gains of tech-related stocks after Wall Street inched to more records following a surprisingly encouraging report on inflation and a stunning forecast for growth from Oracle because of the artificial intelligence boom. In early European trading, Germany’s DAX was nearly flat at 23,631.29….
Online broker Robinhood Markets will join the S&P 500 index after riding the popularity of cryptocurrencies to profitability and an all-time high stock price. The company is set to join the benchmark index on Sept. 22, along with mobile technology platform AppLovin and construction company Emcor Group. Robinhood is having one of its best years…
NEW YORK (AP) — Wall Street sank on Tuesday as rising pressure from the bond market pulled U.S. stocks further from their records. The S&P 500 fell 0.7% for its worst day in a month after paring a loss that earlier reached 1.5%. The Dow Jones Industrial Average dropped 249 points, or 0.5%, and the…
NEW YORK (AP) — After a shaky four years on Wall Street, Soho House is ready to go private again. The luxury members club operator has struck a deal with an investor group led by hotel giant MCR, which will buy its outstanding shares for $9 each in cash. Soho House’s Executive Chairman Ron Burkle…
BANGKOK — World shares were mixed on Monday, the day before U.S. President Donald Trump’s deadline for imposing higher tariffs on goods imported from China. Oil prices extended declines that began last week on expectations for a possible breakthrough in the Ukraine conflict from Trump’s planned meeting with Russian President Vladimir Putin on Friday in…