Finance Archives

Wall Street retreats from records and oil prices jump after Iran’s missile attack on Israel

NEW YORK (AP) — U.S. stocks are retreating from their records as worries worsen about the escalating violence in the Middle East. The S&P 500 was down 1.2% in afternoon trading Tuesday, a day after setting an all-time high for the 43rd time this year. The Dow Jones Industrial Average was down 259 points, or 0.6%, after coming off its own record. The Nasdaq composite fell 2%. Oil prices jumped as Iran launched missiles at Israel, worsening tensions that investors worry could lead to disruptions in the flow of crude from the region. Treasury yields fell following an encouraging update on inflation in Europe.… Continue Reading

Stock market today: Wall Street sets more records to close a winning September and third quarter

NEW YORK (AP) — Wall Street closed its latest winning month and quarter with more records. The S&P 500 climbed 0.4% Monday to an all-time high. The Dow Jones Industrial Average added 17 points, or less than 0.1%, to its record set on Friday. The Nasdaq composite rose 0.4%. Wall Street has catapulted to records on hopes the slowing U.S. economy can keep growing while the Federal Reserve cuts interest rates to offer it more juice. A big test will arrive Friday, when the U.S. government offers its latest monthly update on the job market. In Asia, Japanese stocks tumbled, and Chinese stocks soared.… Continue Reading

Stock market today: Wall Street ticks to another record as stocks worldwide rally

NEW YORK (AP) — U.S. stocks rose to another record as financial markets around the world rallied again. The S&P 500 added 0.4% Thursday to set an all-time high for the third time this week. The Dow Jones Industrial Average gained 0.6%, and the Nasdaq composite rose 0.6%. Micron Technology led the way after the maker of computer memory and storage delivered stronger profit for the latest quarter than analysts expected. That helped offset drops for oil-and-gas companies, which sank as the price of crude tumbled. Stock markets overseas climbed on hopes for additional stimulus from China for the world’s second-largest economy.… Continue Reading

Stock market today: Wall Street edges back from its record highs

NEW YORK (AP) — U.S. stocks edged back from their records as financial markets around the world took a pause following big recent moves. The S&P 500 fell 0.2% Wednesday, a day after setting its latest all-time high. The Dow Jones Industrial Average lost 0.7%, and the Nasdaq composite edged up by less than 0.1%. Treasury yields ticked higher in the bond market after sinking the day before on a surprisingly weak update on consumer confidence. Chinese stocks rose again after soaring Tuesday on excitement about new stimulus measures, but they pared their gains through the day. Oil prices gave back gains.… Continue Reading

Stock market today: Wall Street drifts to more records after Chinese stocks soar

NEW YORK (AP) — U.S. stocks are hanging near their records after Chinese stocks soared following a slew of moves by the Chinese central bank to prop up the world’s second-largest economy. The S&P 500 rose 0.2% in midday trading Tuesday, a day after setting a record for the 40th time this year. The Dow Jones Industrial Average rose 46 points and was likewise coming off a record. The Nasdaq composite gained 0.6%. Treasury yields erased earlier gains following a weaker-than-expected data on U.S. consumer confidence. Prices for commodities rallied following China’s moves to support its flagging economy.… Continue Reading

Stock market today: Wall Street drifts higher to set more records

NEW YORK (AP) — U.S. stock indexes reached new heights after drifting higher in a quiet day of trading. The S&P 500 rose 0.3% Monday to edge past its record set on Thursday. The Dow Jones Industrial Average added 0.1% to its own all-time high set on Friday, and the Nasdaq composite gained 0.1%. Tesla helped drive the market and eliminated the last of its formerly sharp loss for the year so far. Treasury yields held relatively steady after a report suggested U.S. services businesses are continuing to grow, though manufacturing is continuing to shrink. Stock markets in Europe and Asia were mostly steady amid similarly modest movements.… Continue Reading

Wall Street soars to records as Dow leaps 500 in a rate-cut rally that swept the world

NEW YORK (AP) — Wall Street leapt to record highs as delayed jubilation swept across markets worldwide following the Federal Reserve’s big cut to interest rates. The S&P 500 jumped 1.7% Thursday, beating the all-time closing high it set in July. The Dow Jones Industrial Average rose 1.3%, also a record, and the Nasdaq composite climbed 2.5%. The gains followed rallies for markets across Europe and Asia. Some reports on the U.S. economy helped bolster hopes that it can manage to avoid a recession as the Fed continues to cut interest rates now that inflation is receding.… Continue Reading

Stock market today: Most of Wall Street edges lower after Fed delivers a big cut to rates

NEW YORK (AP) — Wall Street is hanging near its records after the Federal Reserve kicked off its efforts to prevent a recession with a bigger-than-usual cut to interest rates. The S&P 500 was 0.2% higher in afternoon trading Wednesday, within 0.3% of the all-time closing high it set in July. The Dow Jones Industrial Average was up 85 points, or 0.2%, slightly above the record it set on Monday. The Nasdaq composite added 0.5%. The momentous move by the Fed eases the brakes off the economy by lowering the cost of borrowing money. It also gives a boost to prices for all kinds of investments.… Continue Reading

Stock market today: Wall Street stays stuck in place as it counts down to a rate cut

NEW YORK (AP) — U.S. stock indexes remained stuck in place as Wall Street made few big moves ahead of what’s expected to be the first cut to interest rates in more than four years. The S&P 500 edged up by less than 0.1% Tuesday. It remains 0.6% below its all-time closing high set in July, and it briefly rose above that mark during the morning. The Dow Jones Industrial Average slipped less than 0.1% from its own record set the day before, while the Nasdaq composite edged up by 0.2%. Treasury yields rose ahead of Wednesday’s announcement by the Federal Reserve on where it’s taking interest rates.… Continue Reading

Stock market today: Dow sets a record as Wall Street gears up for a cut to interest rates

NEW YORK (AP) — The Dow Jones Industrial Average set a record, as Wall Street geared up for the most anticipated meeting of the Federal Reserve in years. The Dow rose 228 points, or 0.6%, on Monday to surpass its prior all-time high set a few weeks ago. The S&P 500 index, which is much more comprehensive and widely followed on Wall Street, ticked up by 0.1% to climb within 0.6% of its own record set in July. The Nasdaq composite slipped 0.5% as Apple and Nvidia gave back some of their big gains. Treasury yields eased ahead of Wednesday’s expected cut to interest rates by the Fed.… Continue Reading