Wall Street‘s main indexes climbed on Tuesday after consumer prices in the world’s largest economy rose in line with expectations, bolstering bets of a smaller interest rate hike by the Federal Reserve at its next meeting. Data showed that U.S. Consumer Price Index (CPI) rose 0.4% in February versus 0.5% a month ago. On a … Read more
US stock indexes opened slightly higher on Wednesday after a selloff in the previous session, with investors awaiting more comments from Federal Reserve Chair Jerome Powell and job openings data. The Dow Jones Industrial Average rose 15.62 points, or 0.05%, at the open to 32,872.08. The S&P 500 opened higher by 1.18 points, or 0.03%, … Read more
Wall Street‘s main stock indexes opened lower on Tuesday as retailers Walmart and Home Depot delivered a double blow to traders returning after a long weekend amid worries that interest rates will remain higher for longer. The Dow Jones Industrial Average fell 127.00 points, or 0.38%, at the open to 33,699.69. The S&P 500 opened … Read more
US stock indexes opened lower on Tuesday, as corporate reports from bellwethers including 3M, Johnson & Johnson and GE pushed earnings season into high gear, while chip companies retreated after bouncing in the previous session. The Dow Jones Industrial Average fell 184.84 points, or 0.55%, at the open to 33,444.72. The S&P 500 opened lower … Read more
US stock indexes opened higher at the start of another big week for corporate earnings, with Salesforce leading gains on Monday following news that Elliott Management had acquired a stake. The Dow Jones Industrial Average rose 64.07 points, or 0.19%, at the open to 33,439.56. The S&P 500 opened higher by 5.53 points, or 0.14%, … Read more
Wall Street‘s main indexes opened higher on Friday with the Nasdaq spearheading gains after Netflix kicked off the earnings season for the growth sector on a positive note, even as worries about a recession kept investors on edge. The Dow Jones Industrial Average rose 28.90 points, or 0.09%, at the open to 33,073.46. The S&P … Read more
Wall Street‘s main indexes opened lower on Tuesday after Goldman Sachs missed quarterly profit estimates, worsening sentiment already dented by downbeat economic data from China earlier in the day. The Dow Jones Industrial Average fell 80.29 points, or 0.23%, at the open to 34,222.32. The S&P 500 fell 0.01% to 3,999.09 points at the open, … Read more
Wall Street‘s main indexes opened higher on the first trading day of the year, with a slew of economic data on tap this week as well as the Federal Reserve’s meeting minutes that would provide more clues on the path of future interest rate hikes. The Dow Jones Industrial Average rose 1.65 points, or 0.15%, … Read more
Wall Street‘s main indexes fell in thin pre-holiday trade on Friday after data showed inflation cooled further in November, but not enough to discourage the Federal Reserve from driving interest rates to higher levels next year. A Commerce Department report showed US consumer spending barely rose in November, while inflation cooled further. The personal consumption … Read more
Wall Street‘s main indexes dropped on Thursday after fresh data underscored strength in the US economy and aggravated concerns over the Federal Reserve’s continued policy tightening. Losses in rate-sensitive megacap growth stocks such as Apple Inc, Microsoft Corp and Amazon.com Inc pulled technology and consumer discretionary shares lower. The final estimate of third-quarter US GDP … Read more