stock market

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Stocks Slide as Debt Worries Worsen
Stocks Slide as
Debt Worries Worsen
MARKETS
May 23, 2023 3:57 PM CDT

Stocks Slide as Debt Worries Worsen

'Every minute that goes by raises the urgency'

(Newser) - Stocks slid on Wall Street Tuesday as the US government crept closer to the edge of a potentially disastrous default on its debt. The S&P 500 fell 47.05 points, or 1.1%, to 4,145.58 Tuesday as Democrats and Republicans still haven’t agreed on a deal...

Stocks Drifts to Mixed Close Ahead of Debt Limit Talks
Wall Street Awaits Result
of Debt Limit Talks
MARKETS
May 22, 2023 3:47 PM CDT

Wall Street Awaits Result of Debt Limit Talks

Meta was among the winners despite EU fine

(Newser) - Stocks drifted to a mixed close as Wall Street waited to see whether a pivotal meeting later in the day would help the US government avoid a potentially disastrous default on its debt. The S&P 500 rose 0.65 points, or less than 0.1%, to 4,192.63....

Fed Chief&#39;s Comments Keep Losses in Check
Fed Chief's Comments
Keep Losses in Check
MARKETS
May 19, 2023 3:13 PM CDT

Fed Chief's Comments Keep Losses in Check

Powell suggests rate hikes are working, steadying the markets' debt-ceiling worries

(Newser) - The stock market had a seesaw day on Friday, with one development sending it downward and a second one putting the brakes on that freefall. In the end, the major indexes finished with modest losses:
  • The Dow fell 109 points, or 0.2%, to 33,426.
  • The S&P 500
...

Traders Welcome Profit Reports
Traders Welcome Profit Reports
markets
May 18, 2023 3:49 PM CDT

Traders Welcome Profit Reports

Walmart revises forecast for the year after strong quarter

(Newser) - Stocks rose again Thursday after more companies reported better profits than expected, while yields climbed after a Federal Reserve official cautioned the end to its interest rate hikes may not arrive as soon as Wall Street hoped.
  • The S&P 500 rose 39.28 points, or 0.9%, to 4,
...

Stocks Rise on Hopes of Debt Ceiling Deal
Stock Jump on Hopes
of Deal on Debt Limit
MARKETS
May 17, 2023 3:44 PM CDT

Stock Jump on Hopes of Deal on Debt Limit

Target rises 2.6% after reporting encouraging figures

(Newser) - Wall Street rose Wednesday along with hopes that the US government can avoid a default on its debt. The S&P 500 rose 48.87 points, or 1.2%, to 4,158.77. The Dow Jones Industrial Average rose 408.63 points, or 1.2%, to 33,420.77. The...

Home Depot,Energy Stocks Weigh Down Market
Home Depot Adds to
Wall Street's Worries
MARKETS
May 16, 2023 3:45 PM CDT

Home Depot Adds to Wall Street's Worries

Retailer drops 2.2% after warning of flagging sales

(Newser) - Stocks on Wall Street sank Tuesday after Home Depot warned of flagging sales, the latest discouraging signal for an economy under pressure. The S&P 500 fell 26.38 points, or 0.6%, to 4,109.90. The Dow Jones Industrial Average dropped 336.46, or 1%, to 33,012....

Stocks Edge Higher Ahead of Key Spending Report
Stocks Drift Higher
Ahead of Spending Report
MARKETS
May 15, 2023 3:49 PM CDT

Stocks Drift Higher Ahead of Spending Report

But investors are still worried about banking system, possible US debt default

(Newser) - Wall Street ticked higher Monday ahead of reports that will show how much a slowing economy is hurting what’s prevented a recession so far: solid spending by US households. The S&P 500 rose 12.20, or 0.3%, to 4,136.28, the latest tick higher in what'...

Nervous Consumers Put a Damper on Wall Street
Nervous Consumers Put
a Damper on Wall Street
MARKETS
May 12, 2023 3:20 PM CDT

Nervous Consumers Put a Damper on Wall Street

All the major indexes fall slightly

(Newser) - Wall Street ended a listless week on a sour note Friday, though losses were trimmed to modest ones in late trading. Disappointing consumer sentiment contributed to the generally downbeat day.
  • The Dow slipped 8 points to 33,300.
  • The benchmark S&P 500 fell 6 points to 4,124 for
...

Stock Market Slips, and Disney Gets the Blame
Stock Market Slips,
and Disney Gets the Blame
markets
May 11, 2023 3:15 PM CDT

Stock Market Slips, and Disney Gets the Blame

Company lost streaming subscribers, which worries analysts

(Newser) - Wall Street slipped on Thursday, weighed down by a sharp drop for the Walt Disney Co. and flaring fears about the health of some US banks.
  • The Dow fell 221 points, or 0.6%, to 33,309.
  • The S&P 500 fell 7 points, or 0.1%, to 4,130.
...

Big Tech Stocks Rise After Good News on Inflation

But Airbnb was on the losing side

(Newser) - Wall Street closed slightly higher Wednesday after a report showed inflation is making strides toward easing, even if it remains too high. The S&P 500 rose 18.47, or 0.4%, to 4,137.64 after swinging between gains and losses through the day. The Dow Jones Industrial Average...

Palantir Technologies Reports 'Unprecedented' Demand for AI Platform

Company's stock jumps 23.4%

(Newser) - Wall Street dipped on Tuesday following some mixed earnings reports, as stocks remain roughly where they’ve been stuck for more than a month. The S&P 500 fell 18.95 points, or 0.5%, to 4,119.17. The Dow Jones Industrial Average lost 56.88, or 0.2%,...

Stocks Finish Mixed as Market Awaits Reports
Stocks Finish Mixed
as Market Awaits Reports
MARKETS
May 8, 2023 3:27 PM CDT

Stocks Finish Mixed as Market Awaits Reports

Tyson Foods is among companies with disappointing results

(Newser) - Wall Street had a so-so day Monday, ahead of a week full of reports on some of the market's biggest worries, including how stubbornly high inflation remains across the economy.
  • The Dow fell 55.69 points, or 0.2%, to 33,618.69.
  • The S&P 500 rose 1.
...

Dow Has a Strong Friday, Thanks to Apple
Dow Has a Strong Friday,
Thanks to Apple
MARKETS
May 5, 2023 3:16 PM CDT

Dow Has a Strong Friday, Thanks to Apple

Index rises more than 500 points

(Newser) - Apple led Wall Street to its biggest rally in nearly four months Friday after the market's most influential company reported a better profit than expected. Stocks of beaten-down banks are also leaping to recover a smidgen of their sharp losses from a brutal week, per the AP .
  • The Dow
...

Dow Turns Negative for 2023 on Bank Worries
Dow Turns Negative
for 2023 on Bank Worries
MARKETS
May 4, 2023 3:14 PM CDT

Dow Turns Negative for 2023 on Bank Worries

Index falls 286 points

(Newser) - Stocks sank on Wall Street on Thursday as worries about the US banking system intensified:
  • The Dow fell 286 points, or 0.8%, to 33,127.
  • The S&P 500 fell 29 points, or 0.7%, to 4,061.
  • The Nasdaq fell 58 points, or 0.4%, to 11,966.
...

Stocks Drop After Fed&#39;s Latest Rate Hike
Stocks Drop After
Fed's Latest Rate Hike
MARKETS
May 3, 2023 3:54 PM CDT

Stocks Drop After Fed's Latest Rate Hike

Wall Street hopes this will be the last one

(Newser) - Stocks dipped Wednesday after the Federal Reserve announced its latest hike to interest rates but said it’s not sure what may come next. The S&P 500 fell 28.83, or 0.7%, to 4,090.75. The Dow Jones Industrial Average lost 270.29, or 0.8%, to...

Banks Tumble as Wall Street&#39;s Worries Grow
Banks Tumble
as Wall Street's
Worries Grow
MARKETS
May 2, 2023 3:42 PM CDT

Banks Tumble as Wall Street's Worries Grow

Dow drops 367 points

(Newser) - Stocks slumped Tuesday after shares of beleaguered banks tumbled again and worries worsened about the economy. Rising fear sent yields sinking in the bond market, while Wall Street waited for the Federal Reserve’s latest move on interest rates and Washington edges closer to what would be a catastrophic default...

First Republic Deal Doesn&#39;t Move Stocks
First Republic Deal
Doesn't Move Stocks
markets
May 1, 2023 4:03 PM CDT

First Republic Deal Doesn't Move Stocks

Shares of JPMorgan Chase rise 2% after purchase

(Newser) - The latest historic US banking failure made few waves in markets, and stocks drifted Monday as Wall Street braces for what it hopes will be the last hike to interest rates for a long time. The S&P 500 was virtually unchanged after regulators seized First Republic Bank and sold...

Another Spike Helps Dow to a Winning Month
Another Spike Helps
Dow to a Winning Month
MARKETS
Apr 28, 2023 3:20 PM CDT

Another Spike Helps Dow to a Winning Month

Index reclaims 34,000

(Newser) - Wall Street rose again Friday on another batch of corporate profit reports that mostly topped expectations, per the AP .
  • The S&P 500 rose 34 points, or 0.8%, to 4,169.
  • The Dow rose 272 points, or 0.8%, to 34,098.
  • The Nasdaq rose 84 points, or 0.
...

Markets Just Had Best Their Day Since January
Markets Just Had Their
Best Day Since January
MARKETS
Apr 27, 2023 3:14 PM CDT

Markets Just Had Their Best Day Since January

Facebook parent company Meta leads the way after strong earnings report

(Newser) - Wall Street logged its best day since January on Thursday after Meta Platforms—parent of Facebook—became the latest Big Tech company to blow past profit expectations.
  • The benchmark S&P 500 rose 79 points, or 1.9%, to 4,135.
  • The Dow rose 524 points, or 1.5%, to
...

Microsoft Rally Helps Limit Wall St. Losses
Big Tech Rally Helps
Stem Wall St. Losses
MARKETS
Apr 26, 2023 4:06 PM CDT

Big Tech Rally Helps Stem Wall St. Losses

First Republic Bank took another big hit

(Newser) - Wall Street closed lower again on Wednesday, though a rally for Microsoft and some other Big Tech stocks helped limit the losses. The S&P 500 dropped 15.64 points, or 0.4%, to 4,055.99. The Dow Jones Industrial Average fell 228.96, or 0.7%, to 33,...

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