Business

Business

Dow and S&P 500 Hit New Highs as Earnings Season Begins with Strong Bank Results

Dow Jones Industrial Average and S&P 500 reached fresh highs on Friday, with the broader index closing above 5,800 for the first time as Wall Street’s major banks kicked off earnings season on a positive note.  Dow Jones Industrial Average rose by nearly 1%, driven by gains in JPMorgan Chase shares, which surged after reporting […]

,
Business

Stock market today: Dow tumbles 400 points, tech leads Nasdaq, S&P 500 lower as 10-year yield tops 4% – Yahoo Finance

Stock market today: Dow tumbles 400 points, tech leads Nasdaq, S&P 500 lower as 10-year yield tops 4%  Yahoo Finance Wall Street indexes slip with interest rates, Middle East in focus  Reuters.com Stock Market Today: Dow ends 400 points lower as 10-year Treasury yield rises above 4%  MarketWatch Stocks Fall as Traders Dial Back Fed-Cut Wagers: Markets Wrap  Bloomberg

,
Business

US Stocks Soar as Fed Signals Measured Approach to Future Rate Cuts

US stocks closed out both September and the third quarter at fresh record highs as investors responded to Federal Reserve Chair Jerome Powell’s measured approach to maintaining economic growth without rushing into further interest rate cuts.  S&P 500 rose 0.4%, achieving a new all-time high, while  Nasdaq Composite gained nearly 0.4%.  Dow Jones Industrial Average

,
Business

Stock Market Hits Record Highs as Investors Embrace Riskier Assets Amid Fed Rate Cut

The U.S. stock market is soaring to new heights, driven by a shift in investor sentiment following the Federal Reserve’s recent interest rate cut. Investors are moving swiftly into riskier assets like tech stocks and cryptocurrencies, bolstered by optimism surrounding the Federal Reserve’s decision to reduce rates by half a percentage point last week.   Record-Breaking

,
Business

U.S. Stock Markets Post Modest Gains as Investors Weigh Federal Reserve’s Rate Cut Impact

New York (Sept. 23, Reuters) – U.S. stock markets closed with modest gains on Monday as investors continued to analyze the Federal Reserve’s recent decision to cut interest rates and assess the central bank’s next moves.  Dow Jones Industrial Average rose by 61.29 points, or 0.15%, to 42,124.65, while the S&P 500 gained 16.02 points,

,
Business

US Stocks Surge as Dow Crosses 42,000 for First Time Following Fed Rate Cut

U.S. stocks soared to record highs on Thursday, with the Dow Jones Industrial Average (^DJI) closing above the 42,000 level for the first time, driven by optimism surrounding the Federal Reserve’s recent interest rate cut.  Fed’s decision to reduce rates by 50 basis points has sparked hopes of a “soft landing” for the economy, fueling

,
Business

Federal Reserve Set to Cut Interest Rates Amid Growing Economic Optimism

New York, NY — September 18, 2024: After a 14-month pause in adjusting U.S. interest rates, the Federal Reserve is widely expected to announce a rate cut this Wednesday, following its two-day Federal Open Market Committee (FOMC) meeting. This marks the first potential reduction since the central bank raised rates to the 5.25% to 5.5%

,
Business

Markets Recover After Inflation Report Sparks Fed Rate Cut Uncertainty

In a highly anticipated report, the Consumer Price Index (CPI) revealed inflation cooled to 2.5% in August, the lowest rate since February 2021. However, a slight uptick in core inflation—a key measure that excludes food and energy prices—raised concerns on Wall Street.  0.3% monthly increase in core inflation exceeded economists’ forecasts and prompted traders to

,
Business

US Economy Adds Fewer Jobs in August, Unemployment Falls to 4.2% September 8, 2024

U.S. economy added 142,000 jobs in August, coming in below expectations, while the unemployment rate dropped slightly to 4.2%, according to the latest report from the Bureau of Labor Statistics (BLS) released Friday. Economists had forecast a gain of 165,000 jobs for the month, but labor market growth came in lower than anticipated, pointing to

,
Scroll to Top