stock market

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Apple Passes Huge Financial Milestone

Company is now worth more than $3T, and analysts expect it to stay that way

(Newser) - Apple, the world's most valuable company, had a market capitalization of more than $3 trillion for the first time at the close of trading Friday—and analysts believe it's likely to stay above that level, unlike in early 2022 when it briefly hit that milestone during daily trading....

Nasdaq Has Best First Half of Year in 4 Decades
Nasdaq Has Best First
Half of Year in 4 Decades
MARKETS
Jun 30, 2023 3:20 PM CDT

Nasdaq Has Best First Half of Year in 4 Decades

All the major indexes rose again on Friday

(Newser) - Wall Street's winning week, month, and first half of the year closed with another rally Friday after reports suggested pressure on inflation may be easing, per the AP .
  • The S&P rose 53 points, or 1.2%, to 4,450.
  • The Dow rose 285 points, or 0.8%, to
...

Results of Bank Tests Help Lift the Dow
Results of Bank Tests
Help Lift the Dow
MARKETS
Jun 29, 2023 3:26 PM CDT

Results of Bank Tests Help Lift the Dow

Index rises 269 points

(Newser) - Wall Street ticked mostly higher Thursday as investors considered both the upsides and downsides of the US economy remaining stronger than feared.
  • The S&P 500 rose 19 points, or 0.4%, to 43,396.
  • The Dow rose 269 points, or 0.8%, to 34,122.
  • The tech-focused Nasdaq slipped
...

Cruise Line Was Biggest Gainer in S&amp;P 500
Carnival Cruise Line
Jumps 8.9%
MARKETS
Jun 28, 2023 3:38 PM CDT

Carnival Cruise Line Jumps 8.9%

But it was a bad day for General Mills, other food makers

(Newser) - Wall Street drifted to a mixed close on Wednesday. The S&P 500 fell 1.55 points, or less than 0.1%, to 4,376.86, but held on to a gain for the week. The Dow Jones Industrial Average fell 74.08 points, or 0.2%, to 33,852....

Delta Stock Soars 6.8% on a Winning Day for Wall Street

Reports suggest economy is in better shape than feared

(Newser) - Wall Street rallied Tuesday after a round of reports suggested the economy is in better shape than feared. The S&P 500 rose 49.59 points, or 1.1%, to 4,378.41. The Dow Jones Industrial Average rose 212.03 points, or 0.6%, to 33,926.74. The...

Wall Street&#39;s Pullback Stretches Into Second Week
Russia Rebellion
Fails to Shake Markets
MARKETS
Jun 26, 2023 4:02 PM CDT

Russia Rebellion Fails to Shake Markets

But Wall Street's pullback stretched into a 2nd week

(Newser) - Stocks drifted lower as Wall Street's pullback from its recent rally carried into a second week. The S&P 500 fell 1 9.51 points, or 0.4%, to 4,328.82 Monday. The index remains close to its highest level in a year. Tech stocks were the heaviest...

Wall Street&#39;s Winning Streak Hits a Wall
Wall Street's Winning
Streak Hits a Wall
MARKETS
Jun 23, 2023 3:11 PM CDT

Wall Street's Winning Streak Hits a Wall

Dow falls more than 200 points

(Newser) - Wall Street on Friday closed out its first losing week in the last six:
  • The S&P 500 fell 33 points, or 0.7%, to 4,348.
  • The Dow fell 218 points, or 0.6%, to 33,728.
  • The Nasdaq fell 138 points, or 1%, to 13,492.
  • All the
...

Bank Moves Keep Market&#39;s Mood in Check
Bank Moves Keep
Market's Mood in Check
MARKETS
Jun 22, 2023 3:13 PM CDT

Bank Moves Keep Market's Mood in Check

Dow falls, S&P rises a smidge as banks around the world signal inflation fight continues

(Newser) - Stocks had a mixed day on Thursday after central banks around the world showed they're not done cranking interest rates higher in their fight against inflation.
  • The Dow slipped 4 points, or 0.01%, to 33,946.
  • The S&P 500 rose 16 points, or 0.3%, to 4,
...

Falling Tech Stocks Drag Indexes Down
Falling Tech Stocks
Drag Indexes Down
MARKETS
Jun 21, 2023 3:30 PM CDT

Falling Tech Stocks Drag Indexes Down

Fed chief warns that there's a long way to go in fight against inflation

(Newser) - Tech stocks fell Wednesday, keeping Wall Street mixed and sapping more momentum from its five-week rally. The S&P in its 500 closed 0.5% lower Wednesday, falling 23.02 points to 4,365.69 in its third straight pullback after rallying last week to its highest level in more...

Energy Stocks Fall Amid Worries About World Economy

Wall Street takes a step back after 5-week rally

(Newser) - Stocks closed lower Tuesday in Wall Street’s first trading after a five-week rally carried it to its highest level since the spring of last year. The S&P 500 fell 20.88 points, or 0.5%, to 4,388.71. The Dow Jones Industrial Average fell 245.25 points,...

Wall Street Wraps Up Best Week in Months
Wall Street Wraps Up
Best Week in Months
MARKETS
Jun 16, 2023 3:14 PM CDT

Wall Street Wraps Up Best Week in Months

Even as the market sees modest losses on Friday

(Newser) - Wall Street's best week since March came to a quiet close on Friday with modest losses on the day.
  • The Dow lost 108 points, or 0.3%, to 34,299.
  • The S&P 500 lost 16 points, or 0.3%, to 4,409, which brings an end to a
...

Benchmark S&amp;P on Longest Streak Since Late 2021
Benchmark S&P on Longest
Streak Since Late 2021
MARKETS
Jun 15, 2023 3:16 PM CDT

Benchmark S&P on Longest Streak Since Late 2021

Index rises more than 1%, and Dow was up nearly 430 points

(Newser) - Wall Street surged on Thursday following a weak start, one day after the Federal Reserve paused its rate hikes (if only temporarily).
  • The Dow rose 428 points, or 1.2%, to 34,408.
  • The S&P 500 rose 53 points, or 1.2%, to 4,425. That is the benchmark
...

Wall Street Ends Mixed as Fed Keeps Rates Steady
Stocks Pare Losses After
Remarks From Powell
MARKETS
Jun 14, 2023 3:29 PM CDT

Stocks Pare Losses After Remarks From Powell

Fed chief says no decision on future rate hikes has been made yet

(Newser) - Stocks swung to a mixed close on Wall Street after the Federal Reserve hinted it may raise interest rates two more times this year. The S&P 500 ended less than 0.1% higher Wednesday after pinballing from a modest gain before the Fed’s announcement to a modest loss...

Stocks Rise After Report on Cooling Inflation
Nvidia Closes With
Market Cap Over $1T
MARKETS
Jun 13, 2023 4:42 PM CDT

Nvidia Closes With Market Cap Over $1T

Markets welcomed report on cooling inflation

(Newser) - Stocks rose Tuesday after a cooler reading on inflation cemented Wall Street’s bets for the Federal Reserve to hold off on hiking interest rates this week. The US stock market has been on a roll amid hopes the economy can avoid a severe recession and inflation will fall enough...

S&amp;P 500 Climbs to Highest Level in More Than a Year
S&P 500 Hits
Highest Level
Since April 2022
MARKETS
Jun 12, 2023 3:56 PM CDT

S&P 500 Hits Highest Level Since April 2022

A big week for central banks lies ahead

(Newser) - Wall Street climbed Monday ahead of a big week for central banks around the world, vaulting the S&P 500 to its highest level in more than a year. The benchmark index rose 40.07 points, or 0.9%, to 4,338.93 and its highest close since April 2022....

S&amp;P 500 Touches Milestone Last Seen in August
S&P 500 Touches
Milestone Last Seen in August
MARKETS
Jun 9, 2023 3:40 PM CDT

S&P 500 Touches Milestone Last Seen in August

Benchmark index hits 4,300, though it closes just under that mark

(Newser) - Stocks saw modest gains on Friday, but logged a fourth straight winning week on Wall Street as investors wait for next week's slate of potentially market-moving updates.
  • The Dow rose 43 points to 33,876. The daily gain was only 0.1%, about the same with all three major
...

S&amp;P 500 Enters a Bull Market
S&P 500 Enters
a Bull Market
MARKETS
Jun 8, 2023 3:21 PM CDT

S&P 500 Enters a Bull Market

Index closes at its highest level of the year

(Newser) - Stocks rose modestly Thursday, but enough to lift the benchmark S&P 500 into a new bear market, reports the Wall Street Journal . Meaning, the index is now up 20% from the low it hit in October.
  • The S&P rose 26 points, or 0.6%, to 4,293, which
...

Tech Stocks Drag Down S&amp;P 500
Tech Stocks
Drag Down
S&P 500
MARKETS
Jun 7, 2023 3:44 PM CDT

Tech Stocks Drag Down S&P 500

But it was a good day for smaller stocks

(Newser) - US stocks drifted to a mixed finish Wednesday, as drops for Microsoft and other big-name tech stocks overshadowed gains across much of the rest of Wall Street. The S&P 500 fell 16.33, or 0.4%, to 4,267.52 even though the majority of stocks within the index...

Coinbase Drops 12.1% After SEC Files Charges
Coinbase Drops 12.1%
After SEC Files Charges
MARKETS
Jun 6, 2023 3:56 PM CDT

Coinbase Drops 12.1% After SEC Files Charges

S&P 500 is inching toward bull market

(Newser) - Stocks drifted on Wall Street Tuesday amid a vacuum of market-moving data. The S&P 500 rose 10.06 points, or 0.2%, to 4,283.85. The Dow Jones Industrial Average rose 10.42 points, or less than 0.1%, to 33,573.28. The Nasdaq composite rose 46....

After Week of Gains, Stocks Drift Lower
Stocks Slip After
Tepid Report on Economy
MARKETS
Jun 5, 2023 3:44 PM CDT

Stocks Slip After Tepid Report on Economy

Services industries grew by less than expected

(Newser) - US stocks drifted lower Monday to start what could be a quiet stretch following several weeks of gains. The S&P 500 fell 8.58 points, or 0.2%, to 4,273.79. The Dow Jones Industrial Average fell 199.90 points, or 0.6%, to 33,562.86. The...

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