NEW YORK, Dec 19 (Reuters) – Wall Street rebounded and U.S. Treasury yields resumed their climb early Thursday as stocks recovered from their steep dive in the wake of the Federal Reserve’s hawkish outlook. The dollar gave back some of Wednesday’s gains and gold rallied as investors grew accustomed to the reality that the central…
The stock market swooned Wednesday in response to a piece of news that might not seem all that dire on first read: The Federal Reserve could cut interest rates fewer times than experts had predicted, in 2025. The Dow Jones Industrial Average shed 2.6%, or 1,123 points, closing at 42,327. The S&P 500 lost nearly…
Another day, another rally by mega tech stocks. Shares of iPhone maker Apple, Google-parent Alphabet, electric car maker Tesla and AI-chipmaker Broadcom all rallied to new all-time highs, which helped power the tech-heavy Nasdaq to its own record peak. The Nasdaq closed up 1.24%, or 247.17 points, at a record 20,173.89. The broad S&P 500 index ended up 0.38%,…
Despite stubbornly high inflation recently and a sturdy economy and job market, the Federal Reserve is expected to cut interest rates this week for the third straight meeting. What gives? Some economists say Fed officials could be making a blunder that risks reigniting inflation and undercutting their pledge to rely on the latest data when…
Friday the 13th didn’t spook investors with U.S. stocks little changed on the day as investors bided time until the Federal Reserve meeting on Wednesday. The broad S&P 500 index dipped 0.16 point, or essentially stayed flat, to close Friday at 6,051.09. For the week, it slipped 0.6% to snap a three-week winning streak. The…
The tech-heavy Nasdaq 100 index extended its relentless climb over the week, setting new record highs and nearing the 22,000-point milestone, fueled by strong investor optimism in the Magnificent Seven tech giants and the transformative potential of artificial intelligence. Year to date, the index has posted a robust 30% gain, on track to outperform the…
New York – Wall Street is quiet on Tuesday, and U.S. stock indexes are drifting in the runup to the highlight of the week for the market, the latest update on inflation that’s coming on Wednesday. The S&P 500 was virtually unchanged, a day after pulling back from its latest all-time high. The Dow Jones…
“Pages of history” features excerpts from The News Journal archives including the Wilmington Morning News and the Evening Journal. See the archives at delawareonline.com. Dec. 8, 1941, Wilmington Morning News U.S.-Japan war in Pacific; White House says Army, Navy loss heavy This archival story uses language that was common at the time. Japan assaulted every…
The Nasdaq and the S&P 500 rose to record closing highs on Friday following upbeat forecasts from Lululemon Athletica and other companies and as U.S. jobs data fueled expectations the Federal Reserve would cut interest rates this month. The Dow finished lower, as a 5.1% drop in UnitedHealth Group UNH.N shares weighed on the index. The S&P 500 consumer discretionary index .SPLRCD…
Bitcoin rose above $100,000 for the first time on Thursday. Police are still searching for the suspect in the fatal shooting of the CEO of UnitedHealthcare. Top-seated Kansas was served a loss in men’s college basketball last night. 🙋🏼♀️ I’m Nicole Fallert, Daily Briefing author. Beyoncé is the No. 1 greatest pop star of the 21st century. It’s…