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…
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%,…
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…
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%…