US stocks opened sharply lower on Thursday following the release of closelywatched inflation data, while Wall Street was headed for its worst first half of the year in more than 50 years. How are stock-index futures trading? The S&P 500 dropped 72 points, or 1.9%, to 3,746. Dow Jones Industrial Average fell 509 points, or…
Read More “Dow down more than 500 points as brutal first half comes to close” »
2022 is shaping up as a historic year for markets. But while the S&P 500 is headed for its worst first half since 1970, the dollar appreciated during the first six months of 2022 by the largest margin in history, according to some measures. The Federal Reserve’s decision to raise interest rates by 75 basis…
US stock indexes traded mixed Wednesday, as investors tuned in to remarks by central bankers while fretting that soaring inflation is damaging the world’s biggest economy. How are stock indexes trading? The Dow Jones Industrial Average DJIA, -0.01% was up 78 points, or 0.3%, to 31,029. The S&P 500 SPX, -0.38% edged down 3 points,…
Investors and traders attempting to navigate one of the most treacherous periods in financial markets in years are all but sure to face more volatility during the second half of this year. One major reason is that few seem to be prepared for the risk that US inflation, already at an almost 41-year high of…
US stocks rose on Tuesday, finding support after China moved to ease some COVID-19 restrictions, though worries about both inflation and the threat of recession were seen limiting gains. What’s happening The Dow Jones Industrial Average DJIA rose 150 points, or 0.5%, to 31,589. The S&P 500 SPX gained 12 points, or 0.3%, to trade…
Read More “US stocks bounce back after a sluggish session” »
Major US stock indexes posted their biggest declines in more than a week on Monday as investors weighed stronger-than-expected data on durable goods against expectations for a slowing economy that could limit the magnitude of Federal Reserve rate increases. What happened The Dow Jones Industrial Average DJIA, -0.20% finished down by 62.42 points, or 0.2%,…
Read More “US stock indexes book biggest daily drop in over a week despite strong economic data” »
It’s easy to want to duck for cover given the carnage seen this year in stocks and bonds, particularly with the Federal Reserve vowing to wage an unconditional battle against high inflation. While inflation running at a 40-year high still sits near the top of the list of worries for many investors, another potential bugaboo…
US stocks surged to their highest levels of the day on Friday with the Dow up more than 600 points as investors reassessed the expected path of Federal Reserve rate hikes. How are stocks trading? S&P 500 SPX gained 85 points, or 2.3%, to 3882. Dow Jones Industrial Average DJIA gained more than 600 points,…
Read More “Dow climbs 600 points as US stocks on track to snap three weeks of losses” »
US stocks closed higher Thursday after Federal Reserve Chairman Jerome Powell concluded a second day of congressional testimony with a vow to battle inflation, even if it risks a recession. What happened with stocks? The Dow Jones Industrial Average DJIA rose 194.23 points, or 0.6%, to end near session highs at 30,677.36, after flipping between…
US stock indexes were higher in choppy trade Wednesday after Federal Reserve Chairman Jerome Powell reiterated his commitment to combat inflation, while also suggesting the economy was strong enough to withstand higher interest rates. How are stock indexes trading? The Dow Jones Industrial Average DJIA gained 125 points, or 0.4% to trade around 30,643, after…
