stock market – News Stories About stock market - Page 34

Economist Who Hates Crypto
Recasts a 'Moon' Prediction

Jun 14, 2022 10:55 AM CDT

Economist Who Hates Crypto Recasts a 'Moon' Prediction

With market in free fall, Peter Schiff suggests a crash landing is coming

(Newser) - The stock market f ell into a bear market on Monday, but as badly as stocks are getting hammered, the cryptocurrency sector is getting hammered even harder. The fallout continued Tuesday, as Coinbase—the largest cryptocurrency exchange in the US—announced it was cutting 18% of its workforce, reports the...

Wall Street Is Now
in a Bear Market

MARKETS

Jun 13, 2022 3:32 PM CDT

Wall Street Is Now in a Bear Market

Indexes, cryptocurrencies plunge worldwide

(Newser) - Wall Street entered a bear market Monday as the S&P 500 sank 3.9%, bringing it more than 20% below the record high it set in January. Fears about a fragile economy and stubbornly high inflation have slammed the stock market in recent days and sent Treasury yields surging...

S&P Slips Back Into
Bear Market Territory

Jun 13, 2022 8:41 AM CDT

S&P Slips Back Into Bear Market Territory

Wall Street opens in rough shape

(Newser) - Last week ended ugly on Wall Street. This week is picking up in exactly the same way. In fact, the benchmark S&P 500 fell back into bear territory, reports the Wall Street Journal . The S&P fell 2.3% as the market opened, and the Dow fell almost 2%...

Stocks Plunge After
Inflation Report

markets

Jun 10, 2022 3:56 PM CDT

Stocks Plunge After Inflation Report

Market wanted to see a sign the worst of rising prices had passed

(Newser) - Wall Street's shuddering realization that inflation got worse last month, not better as hoped, sent markets reeling on Friday. The S&P 500 sank 2.9% to lock in its ninth losing week in the past 10, and tumbling bond prices sent Treasury yields to their highest levels in...

Stocks Fall Ahead
of Inflation Report

markets

Jun 9, 2022 3:45 PM CDT

Stocks Fall Ahead of Inflation Report

European Central Bank announces raise in interest rates

(Newser) - Stocks on Wall Street tumbled Thursday following the latest reminder that central banks now care more about fighting inflation than propping up markets. The S&P 500 sank 2.4% to 4,017.82, putting it on track for its ninth losing week in the past 10. The Dow Jones...

After Gloomy Forecasts,
Stocks Lose This Week's Gains

MARKETS

Jun 8, 2022 3:55 PM CDT

After Gloomy Forecasts, Stocks Lose This Week's Gains

Inflation is starting to hit retail sales

(Newser) - Stocks fell broadly on Wall Street Wednesday, erasing most of their gains for the week, as investors were discouraged to see more evidence of inflation’s impact on businesses and another gloomy outlook on the global economy. The S&P 500 index fell 44.91 points, or 1.1%, to...

Kohl's Jumps 8.2%
Amid Buyout Talks

MARKETS

Jun 7, 2022 3:49 PM CDT

Kohl's Jumps 8.2% Amid Buyout Talks

Dow rises 264 points as investors shake off worries

(Newser) - Stocks closed higher Tuesday after another wobbly day on Wall Street. Investors shook off worries about the economy and rising interest rates to lift the S&P 500 nearly 1%, after bouncing back from an early loss of the same size. Technology stocks were some of the biggest forces lifting...

Stocks Edge Upward as
Outlook Remains Murky

MARKETS

Jun 6, 2022 4:00 PM CDT

Stocks Edge Upward as Outlook Remains Murky

Solar panel firms were among the day's winners

(Newser) - US stocks ticked higher Monday as Wall Street keeps wrestling with whether the economy will successfully avoid a recession amid rising interest rates and high inflation. The S&P 500 rose 12.89 points, or 0.3%, to 4,121.43 after swinging through another day of erratic moves, in...

Good News on Jobs
Is Bad News for Market

MARKETS

Jun 3, 2022 3:20 PM CDT

Good News on Jobs Is Bad News for Market

Dow falls 348

(Newser) - The early June pattern of the stock market continued on Friday: up one day, down the next. The Dow fell 348 points to 32,899, the S&P 500 fell 68 points to 4,108, and the Nasdaq fell 304 points to 12,012. The latter index had the highest...

Microsoft's Move
Doesn't Spook Market

MARKETS

Jun 2, 2022 3:17 PM CDT

Microsoft's Move Doesn't Spook Market

Dow rises 435 points

(Newser) - The stock market managed to turn positive for the new month on Thursday, as strong gains wiped out losses from Wednesday. The Dow rose 435 points to 33,248, the S&P 500 rose 75 points to 4,176, and the Nasdaq rose 322 points to 12,316. The latter...

Jump in Treasury Yields
Rattles Wall Street

MARKETS

Jun 1, 2022 3:44 PM CDT

Jump in Treasury Yields Rattles Wall Street

Dow gave up 282-point gain to finish down 177 points

(Newser) - A swift jump in Treasury yields rattled Wall Street Wednesday, weighing down stock indexes at the start of another month in what’s been a turbulent year. The S&P 500 fell 0.7% after an early morning gain quickly vanished. Stocks began their slide immediately after the release of...

Stocks Close Out
a Messy Month

MARKETS

May 31, 2022 4:00 PM CDT

Stocks Close Out a Messy Month

May saw some massive swings

(Newser) - Wall Street ended lower after another wobbly day on Tuesday, closing out a rocky month. The S&P 500 fell 0.6%, having recouped about half of its loss from earlier. The index managed to eke out a tiny gain for May but only after several abrupt swings. Last week...

Stock Market Snaps
Losing Streak, Decisively

MARKETS

May 27, 2022 3:15 PM CDT

Stock Market Snaps Losing Streak, Decisively

Dow, S&P 500 up for the first time in 8 weeks and 7 weeks, respectively

(Newser) - The market snapped some losing streaks on Friday. The Dow rose 575 points, or 1.7%, to 33,212; the S&P 500 rose 100 points, or 2.4%, to 4,158; and the tech-dominated Nasdaq rose 390 points, or 3.3%, to 12,131. For the Dow, the surge...

Macy's May Help
Market Snap Losing Streak

MARKETS

May 26, 2022 3:17 PM CDT

Macy's May Help Market Snap Losing Streak

Major indexes rise again, are up for the week

(Newser) - Stocks closed higher on Wall Street Thursday as investors cheered a strong set of quarterly results from Macy’s and other retailers, per the AP . The S&P 500 rose 2% and is solidly in the green for the week following a choppy few days of trading. The gains have...

Stocks Climb After
Release Shows Fed's Plan

markets

May 25, 2022 3:35 PM CDT

Stocks Climb After Release Shows Fed's Plan

Central bank wants to raise interest rates quickly

(Newser) - Stocks rose broadly on Wall Street on Wednesday after the release of minutes from the Federal Reserve's most recent meeting indicated the central bank intends to move "expeditiously" to raise interest rates back to more neutral levels in its attempt to tame inflation. The S&P 500, the...

Most Major Indexes
Slip Back

markets

May 24, 2022 3:40 PM CDT

Most Major Indexes Slip Back

Investors sell social media site shares

(Newser) - A slump in several big companies weighed down the stock market Tuesday, leaving most major indexes lower. The S&P 500 index fell, as did the Nasdaq composite, which is heavily weighted with technology companies. Gains for McDonald's and UnitedHealth helped push the Dow Jones Industrial Average higher. A...

Bank, Tech Stocks
Reverse Market's Drop

markets

May 23, 2022 3:57 PM CDT

Bank, Tech Stocks Reverse Market's Drop

S&P 500, Dow, and Nasdaq all post gains

(Newser) - Stocks closed higher Monday on Wall Street following seven weeks of declines that nearly ended the bull market that began in March 2020. Banks and technology stocks made some of the strongest gains, the AP reports, and bond yields rose. Concerns about inflation have been weighing on the market and...

Stock Market Slips Briefly
Into Bear Market Territory

UPDATED

May 20, 2022 3:10 PM CDT

Stock Market Slips Briefly Into Bear Market Territory

S&P 500 was down 20% from its high in January, though it didn't close there

(Newser) - (This file has been updated throughout to reflect the market's close.) The stock market had another volatile day of trading Friday, at one point dipping into bear territory before pulling out of it. In the afternoon, the benchmark S&P 500 reached a point at which it was...

Stock Market Edges
Closer to Bear Market

MARKETS

May 19, 2022 3:19 PM CDT

Stock Market Edges Closer to Bear Market

S&P slips again, though not as much as Wednesday

(Newser) - Stocks ended another volatile day lower on Wall Street Thursday, bringing the market closer to its first bear market since the beginning of the pandemic, per the AP . The S&P 500, the benchmark for many index funds, fell 22 points, or 0.5%, to 3,900. The Dow fell...

Tech Stocks Lead Climb

markets

May 17, 2022 3:53 PM CDT

Tech Stocks Lead Climb

Retail sales report helps confidence

(Newser) - Stocks rose steadily throughout the day and ended Tuesday with broad gains as traders got back to buying again after a mostly miserable few weeks on Wall Street. Tech giants like Apple and Microsoft were among the biggest winners, and video game maker Take-Two Interactive jumped after forecasting better results...