New York – U.S. stocks are drifting around their all-time highs Monday, as momentum for Wall Street’s record-breaking rally cools a bit. The S&P 500 was virtually unchanged in morning trading, coming off its sixth straight winning week, its longest such streak of the year. The Dow Jones Industrial Average was edging back by 106…
New York – U.S. stocks are holding steadier Wednesday following better-than-expected profit reports from Morgan Stanley, United Airlines and other big companies. The S&P 500 was 0.2% higher in morning trading, a day after sliding from its all-time high because of tumbling energy and technology stocks. The Dow Jones Industrial Average was up 165 points,…
New York – U.S. stocks are rising amid a rush of optimism Friday after a report showed U.S. employers went on a stronger spree of hiring last month. The S&P 500 was 0.3% higher in morning trading after paring a bigger gain from the open of trading. The Dow Jones Industrial Average was up 118…
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…
New York – U.S. stock indexes are drifting around their records Friday as hopes hold that the economy can pull off the rare feat of getting painfully high inflation under control without a recession. The S&P 500 was 0.1% higher in early trading a day after setting an all-time high for the 42nd time this…
Defying predictions, the Federal Reserve made the bold move of cutting interest rates by 50 basis points Wednesday, lowering the target range to 4.75%-5%. Most economists had anticipated a more modest 25-basis-point reduction. The Fed also hinted at the potential for additional cuts in coming months, revealing a more aggressive trajectory to take action that…
U.S. stocks jumped Thursday following the Federal Reserve’s decision to go big with a 50 basis point cut to interest rates. The Dow Jones Industrial Average closed above 42,000 for the first time, ending the day up 1.3% at a record 42,025.19. The S&P 500 also ended the day at a record high for the…