Wall Street Archives

Stocks, bonds and the dollar drift after the latest downgrade to the US government’s credit rating

NEW YORK (AP) — After recovering from an initial jolt, U.S. stocks drifted through quiet trading following the latest reminder that the U.S government may be hurtling toward an unsustainable mountain of debt. The S&P 500 rose 0.1% Monday after Moody’s Ratings became the last of the three major credit-rating agencies to say the U.S. government no longer deserves a top-tier “Aaa” rating. The Dow Jones Industrial Average added 0.3%, and the Nasdaq was little changed. In the bond market, the 30-year Treasury yield briefly jumped above 5% before calming. The issues Moody’s cited in its downgrade are all well known among investors.… Continue Reading

Dow leaps 1,100 points and S&P 500 rallies 3.3% following a 90-day truce in the US-China trade war

NEW YORK (AP) — U.S. stocks are leaping after China and the United States announced a 90-day truce in their trade war. The S&P 500 jumped 2.6% Monday. The Dow Jones Industrial Average rose 951 points, and the Nasdaq composite gained 3.5%. Hopes for an economy less encumbered by tariffs also sent crude oil prices higher. The U.S. dollar strengthened against other currencies, and Treasury yields jumped on expectations the Federal Reserve won’t have to cut interest rates so deeply this year in order to protect the economy. Analysts warned conditions could still quickly change, as has so often happened in President Donald Trump’s trade wars.… Continue Reading

Wall Street and the dollar tumble as investors retreat further from the United States

NEW YORK (AP) — Wall Street weakened as investors worldwide get more skeptical about U.S. investments because of President Donald Trump’s trade war and his criticism of the Federal Reserve, which are shaking the traditional order. The S&P 500 fell 2.4% Monday to drop 16% below its record set two months ago. The Dow Jones Industrial Average sank 2.5%, and the Nasdaq composite lost 2.6%. Big Tech stocks led the way lower ahead of earnings reports coming this week from Tesla and others. Perhaps of more concern, prices also sank for longer-term U.S. government bonds, while the value of the U.S. dollar slid against the euro and other currencies.… Continue Reading

Stocks rally worldwide after Trump eases some of his tariffs on electronics, for now

NEW YORK (AP) — Stocks are rallying worldwide after President Donald Trump relaxed some of his tariffs, for now at least. The S&P 500 jumped 1.5% Monday. The Dow Jones Industrial Average climbed 441 points, and the Nasdaq composite rose 2%. Apple, Nvidia and other big technology companies led the way after Trump temporarily exempted smartphones, computers and some other electronics from some of his stiff tariffs. Perhaps more importantly for Wall Street, the bond market also showed signals of increasing calm. Treasury yields eased following last week’s sudden and scary rise, which seemed to rattle not only investors but also Trump himself.… Continue Reading

Dow drops 1,600 as US stocks lead worldwide sell-off after Trump’s tariffs cause a COVID-like shock

NEW YORK (AP) — Financial markets around the world reeled following President Donald Trump’s latest and most severe set of tariffs, and the U.S. stock market took the worst of it. The S&P 500 fell 4.8% Thursday, more than other major stock markets. The Dow Jones Industrial Average dropped 1,679 points, and the Nasdaq composite sank 6%. Little was spared as fear flared globally about the potentially toxic mix of weakening economic growth and higher inflation that tariffs can create. Everything from crude oil to Big Tech stocks to the value of the U.S. dollar against other currencies fell. Even gold pulled lower.… Continue Reading

Wall Street tumbles after Trump escalates his trade war; S&P 500 sinks 1.2%, and Dow drops 500

NEW YORK (AP) — Wall Street’s sell-off is accelerating after President Donald Trump upped the stakes in his trade war. Not even a double-shot of good news on the U.S. economy could stop the bleeding, and the S&P 500 fell 1.2% Thursday. The index is threatening to close more than 10% below its record, which would be its first such drop since 2023. The Dow Jones Industrial Average fell 507 points, and the Nasdaq composite lost 1.6%. Trump’s escalating trade war is raising worries about the economy’s strength, though reports came in better than expected during the morning on both inflation and joblessness in the United States.… Continue Reading

Stocks’ sell-off worsens as Wall Street wonders how much pain Trump will accept for the economy

NEW YORK (AP) — Wall Street’s sell-off is worsening. The S&P 500 fell 2.2% Monday as worries build about how much pain President Donald Trump is willing to endure on the economy in order to get what he wants. The Dow Jones Industrial Average dropped 530 points, and the Nasdaq composite sank 3.6%. The losses follow the worst week for U.S. stocks since September on concerns that on-and-off-again tariffs will either hurt the economy directly or create enough uncertainty to freeze it. Elon Musk’s Tesla fell to one of the market’s sharpest losses, as did airlines and other companies that need U.S. shoppers feeling confident enough to spend.… Continue Reading

Tech stocks tumble as a Chinese competitor threatens to upend the AI industry; Nvidia down 16%

NEW YORK (AP) — Wall Street’s superstars are tumbling as a competitor from China threatens to upend the artificial-intelligence frenzy they’ve been feasting on. The S&P 500 fell 1.7% Monday. Big Tech stocks took some of the heaviest losses, with Nvidia down 16%, and they dragged the Nasdaq composite down 3.2%. Stocks outside of AI-related industries held up much better, though, and the Dow Jones Industrial Average was up 137 points. A Chinese company called DeepSeek said it had developed a large language model that can compete with U.S. giants at a fraction of the cost.… Continue Reading

Stock market today: Wall Street begins Trump’s second term with gains

NEW YORK (AP) — U.S. stocks rose after more companies said they made bigger profits at the end of last year than analysts expected and as Treasury yields eased. The S&P 500 climbed 0.9% Tuesday, while many markets around the world took only tentative steps following Donald Trump’s return to the White House. The Dow Jones Industrial Average added 1.2%, and the Nasdaq composite gained 0.6%. Trump has promised sweeping moves to reshape global trade and the economy, often at other countries’ expense, but stock indexes in Asia and Europe mostly made only modest moves. Bitcoin pulled back from its record set on Monday.… Continue Reading

Stock market today: Wall Street drifts lower as momentum slows for US stocks

NEW YORK (AP) — U.S. stock indexes drifted lower following a mixed set of earnings reports from Morgan Stanley, UnitedHealth Group and other big companies. The S&P 500 slipped 0.2% Thursday, even though more stocks rose than fell within the index. The Dow Jones Industrial Average fell 0.2%, and the Nasdaq composite fell 0.9%. Stocks had shot higher the day before on hopes that an encouraging report on inflation may convince the Federal Reserve to deliver more cuts to interest rates. Treasury yields eased in the bond market following some mixed reports on the U.S. economy.… Continue Reading