In a much-anticipated address at the Federal Reserve’s annual Jackson Hole symposium, Fed Chair Jerome Powell laid the groundwork for potential interest rate cuts, signaling a shift in the central bank’s focus as inflation shows signs of moderation. However, Powell refrained from providing specific details on timing or extent of se cuts, emphasizing that future […]
US Stocks Soar: S&P 500 and Nasdaq Extend Winning Streak Amid Economic Optimism New York, August 2024 — US stocks closed at session highs on Monday, continuing a robust rally from last week. S&P 500 (^GSPC) gained nearly 1%, while the Dow Jones Industrial Average (^DJI) rose by 0.6%. tech-heavy Nasdaq Composite (^IXIC) led the
The U.S. stock market saw a significant rally on Thursday, propelled by better-than-expected corporate earnings and encouraging economic data. Nasdaq Composite jumped by over 2.3%, the S&P 500 rose by 1.6%, and the Dow Jones Industrial Average gained approximately 550 points, marking a 1.4% increase. Retail giant Walmart led the charge, with its stock surging
Wall Street remains on edge as concerns over the health of the U.S. economy and American households weigh on market sentiment. Last week, U.S. stocks faced volatility, with the S&P 500 declining by less than 0.1%, the Nasdaq Composite falling 0.2%, and the Dow Jones Industrial Average dropping 0.6%. the upcoming release of key U.S.
Wednesday’s stock market action was a tale of highs and lows, marked by an early surge followed by a sharp decline. Here’s a closer look: Morning Gains: If you were a stock-market bull, Wednesday’s open was exhilarating. Within just 30 minutes of the market opening, major indices hit the highs for the day. S&P 500
stock market’s attention will be on Dow Jones, S&P 500, and Nasdaq futures opening Sunday evening, especially focusing on Apple (AAPL) and Nvidia (NVDA). Berkshire Hathaway (BRKB) reported solid earnings but reduced its Apple stake. Nvidia’s next-generation Blackwell AI chips face delays due to design flaws. Key Events and Developments Berkshire Hathaway’s Earnings Nvidia’s AI
Tech Stocks Sink as War Jitters Fuel Rush to Bonds: Markets Wrap Bloomberg
Market Overview US stocks closed a turbulent week with a notable rebound on Friday. Following a period of uncertainty, investors found optimism in new economic data and shifting expectations regarding future interest rate cuts. Despite this positive end to the week, all three major indexes experienced losses over the past week: Driving Factors Upcoming Events
After years of skyrocketing home prices and elevated mortgage rates, Americans have been feeling overwhelmingly dejected about the prospects of buying a home. However, re are signs that the worst could be over for homebuyers. “June, in particular, has started to show the housing market slowing down in favor of buyers,” said Skylar Olsen, Zillow’s
Stock market news today: S&P 500, Nasdaq post sharpest weekly losses since April amid tech rout Yahoo Finance Stock market news today: Dow drops in wake of global outage Yahoo Finance Stocks making the biggest moves midday: CrowdStrike, Plug Power, Comerica and more CNBC CrowdStrike chaos could prompt rethink among investors, customers Reuters
