Dow Jones drops 200 points as traders await key inflation data NEW YORK: U.S. stocks fell Monday as traders awaited key inflation data later this week, overshadowing a positive development on the trade front. The Dow Jones Industrial Average slipped 200.52 points, or 0.45%, to close at 43,975.09. The S&P 500 lost 0.25%, settling at…
Tag: Federal Reserve
Tech titans lift Nasdaq to record before market pullback
Dow Jones drops 131 points despite blockbuster results from Microsoft and Meta; broader market struggles amid Fed uncertainty and tariff tensions U.S. stocks seesawed Thursday as the S&P 500 and Nasdaq Composite briefly touched intraday records before retreating, weighed down by weakness in broader sectors despite stellar earnings from Microsoft and Meta Platforms. The S&P…
Stocks retreat after Fed leaves rates unchanged; Tariff impact still unclear
Dow Jones slides 300 points as Powell tempers rate cut expectations amid tariff concerns Stocks fell Wednesday as Federal Reserve Chair Jerome Powell dashed hopes for near-term interest rate cuts, indicating the central bank is still evaluating the inflationary impact of higher tariffs imposed by President Donald Trump. The S&P 500 lost 0.3% after gaining…
Wall Street shines as earnings, trade deals lift markets to record highs
Another week, another round of record highs U.S. stocks closed out a winning week on Friday, propelled by strong corporate earnings and optimism over international trade deals. The S&P 500 rose 0.40% to a new peak of 6,388.64—marking its 14th record close this year and its fifth in a row. The Nasdaq Composite also hit…
US stocks gain as earnings optimism outweighs trade worries; Yields dip
Dow Jones edges down 19 points amid broader market gains, earnings focus Wall Street stocks advanced Monday, lifting key indexes to record territory, while Treasury yields softened at the start of a busy week for corporate earnings. The gains came despite escalating U.S. tariff negotiations with trading partners ahead of an August 1 deadline. All…
Stocks climb on strong earnings, economic data; S&P 500, Dow Jones, Nasdaq all gain
Earnings surprises, falling jobless claims & robust retail sales fuel market gains; PepsiCo, United Airlines lead rally U.S. stocks advanced solidly Thursday as encouraging corporate earnings reports and robust economic data bolstered investor confidence. The S&P 500 rose 0.5 percent. The Dow Jones Industrial Average gained 229 points, or 0.5 percent. The technology-focused Nasdaq Composite…
U.S. stocks recover after Trump denies plans to oust Fed Chair Powell
U.S. stocks rebounded Wednesday after President Donald Trump said he has no intention of firing Federal Reserve Chair Jerome Powell, easing investor concerns about potential leadership upheaval at the central bank. The major indexes fell as much as 0.8% late morning following a report in The Wall Street Journal that Trump suggested to GOP lawmakers…
U.S. stocks mixed, treasury yields rise as Fed chair search begins and inflation ticks up
Dow Jones slumps over 300 points as financials weigh; Nasdaq hits record U.S. Treasury yields climbed and the Dow Jones Industrial Average fell on Tuesday after Treasury Secretary Scott Bessent initiated the formal selection process for a new Federal Reserve chair, while June inflation data met expectations but fueled tariff concerns. The Dow slid 313…
US stocks edge higher, Nasdaq hits record as trade fears ease; Bitcoin tops $123,000
Dow Jones add 88 points; CPI, bank earnings in focus U.S. stocks closed modestly higher on Monday, with the Nasdaq Composite sealing a fresh record, as investors looked past renewed global trade tensions toward upcoming inflation data and corporate earnings. The tech-heavy Nasdaq (IXIC) rose 0.27% to 20,640.33, its fourth consecutive all-time high. The S&P…
Stocks rally to fresh highs as Nvidia tops $4T, Bitcoin breaks records
Dow Jones climbs 0.6% in Wall Street rally and Bitcoin smashes past $113K U.S. stocks climbed to fresh record highs Thursday, boosted by gains in Nvidia and a new peak for Bitcoin, as investors shrugged off escalating trade rhetoric from President Donald Trump. The Dow Jones Industrial Average rose 0.6%, while the S&P 500 added…
European shares rise on strong U.S. jobs data, trade talks momentum
Bank stocks climb, renewable energy surges as trade optimism and U.S. job data fuel European market gains LONDON: European stocks advanced Thursday as investors welcomed unexpectedly strong U.S. jobs data, which bolstered global equities and lifted bank shares across the region. Hopes for a trade accord between the European Union and the United States also…
U.S. stocks rally to record highs as jobs report boosts confidence
Dow surges nearly 350 points, closes just shy of record as jobs data reinforces economic strength U.S. stocks surged Thursday, wrapping up a holiday-shortened trading week with broad gains across major indexes. A stronger-than-expected June jobs report helped reinforce investor confidence in the economy, propelling the S&P 500 and Nasdaq Composite to fresh record highs….