Wall Street

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Shares Suffer Biggest Loss Since Election
Stocks Suffer
Biggest Loss
Since Election
markets
Nov 15, 2024 3:30 PM CST

Stocks Suffer Biggest Loss Since Election

Moderna, Pfizer fall after Kennedy's selection to lead HHS

(Newser) - US stocks tumbled Friday as the "Trump bump" that Wall Street got from last week's presidential election, along with a cut to interest rates by the Federal Reserve, kept fading.
  • The Dow fell 305.87 points, or 0.7%, to 43,444.99.
  • The S&P 500 fell
...

Amazon's Profit Report Pushes S&P Higher
Amazon's Profit Report
Pushes S&P Higher
markets
Nov 1, 2024 3:35 PM CDT

Amazon's Profit Report Pushes S&P Higher

After jobs report, analysts still expect interest rate cut next week

(Newser) - Amazon led US stock indexes higher on Friday, while a surprisingly weak jobs report marred by some unusual occurrences cemented bets on Wall Street for another cut to interest rates next week.
  • The Dow rose 288.73 points, or 0.7%, to 42,052.19.
  • The S&P 500 rose
...

Meta, Microsoft Pull Shares Down Despite Solid Reports

Investors are swayed more by companies' warnings

(Newser) - The downside of high expectations thumped Wall Street on Thursday, and Microsoft and Meta Platforms dragged US stock indexes lower despite delivering strong profits for the summer.
  • The Dow fell 378.08 points, or 0.9%, to 41,763.46.
  • The S&P 500 fell 108.22 points, or 1.
...

Stocks' Winning Streak Ends at 6 Weeks
Stocks' Winning Streak
Ends at 6 Weeks
markets
Oct 25, 2024 3:40 PM CDT

Stocks' Winning Streak Ends at 6 Weeks

A pause in the market's climb is to be expected, analyst says

(Newser) - US stock indexes gave up an early gain and drifted to a mixed finish Friday, helping give the market its first losing week since early September.
  • The Dow fell 259.96 points, or 0.6%, to 42,114.40, its first weekly loss after six straight gains.
  • The S&P
...

Tesla Soars as IBM Drags Down Dow
Tesla Soars as IBM
Drags Down Dow
markets
Oct 24, 2024 3:31 PM CDT

Tesla Soars as IBM Drags Down Dow

Result is a mixed day of trading, with S&P 500 bouncing back

(Newser) - Wall Street drifted to a mixed finish Thursday after Tesla surged to one of the best days in its history, while IBM slumped to its worst in six months.
  • The Dow fell 140.59 points, or 0.3%, to 42,374.36.
  • The S&P 500 rose 12.44 points,
...

Netflix Profit Helps Drive Stocks to New Records

American Express shares decline on report, pulling Dow down

(Newser) - US stocks closed their latest winning week with more records on Friday, while trading overall remained relatively calm.
  • The Dow rose 36.86 points, or 0.1%, to 43,275.91, adding to its record set Thursday.
  • The S&P 500 rose 23.20 points, or 0.4%, to 5,
...

Stocks Hang Around Records After Encouraging Reports

Retailers post a better month in September

(Newser) - U.S. stocks drifted around their record heights Thursday following the latest signals that the U.S. economy continues to hum.
  • The Dow rose 161.35 points, or 0.4%, to 43,239.05.
  • The S&P 500 fell 1 point, or less than 0.1%, to 5,841.47.
...

Banks Compensate for Drop by Tesla as More Records Fall

Dow, S&P 500 reach new highs after profit reports

(Newser) - US stocks rose to records Friday as big banks rallied following a run of reassuring profit reports.
  • The Dow rose 409.74 points, or 1%, to 42,863.86, a record.
  • The S&P 500 rose 34.98 points, or 0.6%, to 5,815.03, topping its all-time high
...

Stocks Slip After Inflation, Unemployment Reports

Economists expected fewer to apply for jobless benefits

(Newser) - US stocks edged back from their records Thursday after reports showed inflation was a touch warmer last month than expected and more workers filed for unemployment benefits last week.
  • The Dow fell 57.88 points, or 0.1%, to 42,454.12.
  • The S&P 500 fell 11.99 points,
...

Indexes Climb After Strong Jobs Report
Indexes Climb After
Strong Jobs Report
markets
Oct 4, 2024 3:35 PM CDT

Indexes Climb After Strong Jobs Report

Traders drop expectation of a larger cut in interest rates

(Newser) - US stocks rallied Friday after a surprisingly strong report on the nation's job market raised optimism about the economy.
  • The Dow rose 341.16 points, or 0.8%, to 42,352.75, a record.
  • The S&P 500 rose 51.13 points, or 0.9%, to 5,751.07.
...

Stocks Slip as Crude Prices Climb
Stocks Slip as
Crude Prices Climb
markets
Oct 3, 2024 3:35 PM CDT

Stocks Slip as Crude Prices Climb

Concerns about Middle East drive oil up

(Newser) - Crude prices jumped Thursday on worries that increasing tensions in the Middle East could disrupt the global flow of oil, while US stocks pulled back further from their records.
  • The Dow fell 184.93 points, or 0.4%, to 42,011.59.
  • The S&P 500 fell 9.60 points,
...

Tech Companies Lift S&P in Stocks' Best Week of 2024

Broadcom, Microsoft help recover last week's losses

(Newser) - US stocks closed out their best week of the year with more gains on Friday and climbed to the cusp of their records.
  • The Dow rose 297.01 points, or 0.7%, to 41,393.78.
  • The S&P 500 rose 30.26 points, or 0.5%, to 5,626.
...

Major Banks Try to Ease Junior Bankers' Exhaustion

JPMorgan, Bank of America take steps to prevent overwork amid criticism

(Newser) - Two leading investment banks are taking steps to prevent junior bankers from working more than 100 hours a week following complaints of overwork. JPMorgan is instituting an 80-hour weekly cap for junior bankers in a first-of-its-kind move for the bank, while Bank of America, which already flags work beyond a...

Indexes Plunge After Jobs Report
Indexes Plunge
After Jobs Report
markets
Sep 6, 2024 3:35 PM CDT

Indexes Plunge After Jobs Report

Tech stocks pull down Nasdaq composite

(Newser) - Another rout hit Wall Street on Friday, with formerly high-flying technology stocks again taking the brunt, after a highly anticipated update on the US job market came in weak enough to add to worries about the economy.
  • The Dow fell 410.34 points, or 1%, to 40,345.41.
  • The
...

Stocks Close Out Another Month of Gains
Stocks Close Out
Another Month of Gains
markets
Aug 30, 2024 3:50 PM CDT

Stocks Close Out Another Month of Gains

New reports on inflation, consumer spending, and income encourage traders

(Newser) - Stocks on Wall Street finished broadly higher Friday as the market closed out its fourth straight winning month with solid gains.
  • The Dow rose 228.03 points, or 0.6%, to close at 41,563.08 and set its fourth all-time high this week.
  • The S&P 500 rose 56.
...

Tech Declines Counter Other Sectors' Gains
Tech Declines Counter
Other Sectors' Gains
markets
Aug 29, 2024 3:50 PM CDT

Tech Declines Counter Other Sectors' Gains

Nvidia pulls market down, slipping 6.4%

(Newser) - A late-afternoon slide by some Big Tech companies cut into Wall Street's gains Thursday, leading to a mixed finish for US stock indexes.
  • The Dow rose 243.63 points, or 0.6%, to 41,335.05.
  • The S&P 500 fell 0.22 points, or less than 0.1%,
...

Wall Street Rallies After Powell's Interest Rate Remarks

Stocks approach their records in widespread increases

(Newser) - US stocks rallied close to their records Friday after the head of the Federal Reserve finally said out loud what Wall Street has been expecting for a while: Cuts to interest rates are coming soon to help the economy.
  • The S&P 500 rose 63.97 points, or 1.1%,
...

Wall Street Takes a Breather, Awaits Powell's Words

All the major indexes fell ahead of speech by the Fed chair on Friday

(Newser) - Stocks slipped on Thursday as Wall Street counts down to its main event for the week—a speech by Federal Reserve Chair Jerome Powell coming on Friday.
  • The S&P 500 fell 50 points, or 0.8%, to 5,570.
  • The Dow fell 177 points, or 0.4%, to 40,
...

Wall Street Ends Week About Where It Started
Wall Street Ends Week
About Where It Started
markets
Aug 9, 2024 3:55 PM CDT

Wall Street Ends Week About Where It Started

Company reports help erase losses

(Newser) - After a manic week that began with Japanese stocks falling to their worst loss since 1987's Black Monday, only for US stocks to soar later to their best day since 2022, slight gains on Friday carried Wall Street almost exactly back to where it began the week.
  • The Dow
...

Broad Rally Spreads the Wealth
Broad Rally Spreads the Wealth
markets
Jul 26, 2024 3:35 PM CDT

Broad Rally Spreads the Wealth

Stocks left out of earlier climbs participated in this one

(Newser) - A widespread rally swept Wall Street on Friday, lifting far-reaching corners, to close a tumultuous week in which stocks that had been left behind for much of this year's record-setting run wrested the spotlight back from the market's biggest stars. The rally was helped by encouraging reports on...

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