Wall Street opened in the green ahead of Donald Trump’s return to the White House on Monday. President-elect Trump’s inauguration is Monday, and his first days are expected to be filled with a flurry of executive orders on day one. “Reports suggest 100 or more,” wrote Morgan Stanley analysts in a report. Any signals of…
U.S. stocks dipped in early trading, taking a breather after the major stock indexes posted the largest daily percentage gain since Nov. 6 since Nov. 6 on Wednesday, amid cooling inflation and strong bank earnings. Investors mostly shrugged off a weaker-than-expected gain in December retail sales and a higher-than-expected jump in weekly unemployment claims. The…
Wall Street clawed back some of Wednesday’s steep losses after the Federal Reserve pulled back its forecast for rate cuts next year. The Fed lowered its benchmark, short-term fed funds rate late Wednesday by a quarter percentage point, as expected, but pared back its forecast for rate cuts next year. It only expects to cut…
President-elect Donald Trump’s election as the 47th president of the United States sent Wall Street into a frenzy, driving major stock indexes to once again break record highs. Investors are betting that Trump’s potential policies — such as lower corporate and individual taxes, coupled with deregulation in the financial sector — will spur growth for…
As Donald Trump emerged victorious in the presidential election Wednesday, stock prices soared. As the stock market rose, the bond market fell. Stocks roared to record highs Wednesday in the wake of news of Trump’s triumph, signaling an end to the uncertainty of the election cycle and, perhaps, a vote of confidence in his plans…
U.S. stocks continued their post-election rally on Friday, notching more record highs with the Dow and S&P 500 putting in their best weekly performance all year. The blue-chip Dow closed up 259.65 points, or 0.59%, to a record high 43,988.99, and the broad Standard & Poor’s 500 index finished up 22.44 points, or 0.38%, to…
U.S. stocks mostly extended their big post-election rally on Thursday, with all three major indexes touching record highs during the session after the Federal Reserve trimmed interest rates. The Fed lowered its short-term, benchmark fed funds rate by a quarter-percentage point to between 4.5% to 4.75%, down from a 23-year high of 5.25% to 5.5%…
You’re not alone if you’re anxious about the elections today, after months of hyperpolarized campaigning by the Democratic nominee, Vice President Kamala Harris and the Republican nominee, former President Donald Trump. And you’d be forgiven if you’re worried about how your investment will do on Election Day, whether it’s a 401(k), IRA, mutual fund, exchange-traded…
Oct 31 (Reuters) – Big technology companies including Microsoft MSFT.O and Meta META.O are stepping up spending to build out AI data centers in a rush to meet vast demand, but Wall Street is hungry for a quicker payday on the billions invested. Microsoft and Meta both said on Wednesday their capital expenses were growing due to their AI investments. Alphabet GOOGL.O,…
Major U.S. stock indexes slipped while oil prices climbed on Tuesday amid worries about escalating tensions in the Middle East. Iran launched missiles at Israel, according to Israel Defense Forces (IDF). The IDF’s announcement came just hours after a U.S. official said Iran was preparing imminently to launch a ballistic missile attack against Israel. The official…