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” »
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” »
Blink and you missed a post-Federal Reserve bounce, as stock futures signal a reboot for Wall Street selling on Thursday. “Whatever reaction we see today is likely to be a one-day thing (just like last FOMC). The Fed has no idea where inflation is going, and neither do we. The economic data is what matters,…
From Wall Street to Main Street, fears that the US economy could be sliding into the 1970s-style “stagflation” have been percolating. References to the sticky situation appeared in news headlines all week. The Associated Press called it “the dreaded ‘S’ word.” The Wall Street Journal reminded readers of the neologism’s origins as a catchy way…
US stock indexes lost early gains on Wednesday, at the start of a new month of trading, after data on the manufacturing sector showed rising costs were still a problem, as the Federal Reserve begins reducing its nearly $ 9 trillion balance sheet. How are stock indexs trading? The Dow Jones Industrial Average DJIA lost…
