Bolstered by the sight of 10,000 on the horizon and helped by rallying oil stocks and strength in the tech sector, Wall Street bulls were hard at work midday Thursday, pushing the Dow and the rest of the market sharply higher.
The average rate on the 30-year fixed mortgage surged 9 basis points Wednesday to 7.13%, according to Mortgage News Daily. That is the highest rate since July 1 of this year, though not quite the surge some had expected. Housing stocks reacted in turn, with both the big public builders...
So why are stock prices falling so much? Well,USA Todayis blaming the potential for a trade war with China, the latest Facebook scandal and “the impact of rising interest rates on the economy”… U.S. stocks sold off sharply Thursday, with the Dow tumbling more than 700 points amid gr...
Stocks extended losses with roughly half an hour left in the session. The Dow dropped about 420 points, after rising 150 points at its session high. A 5.6% loss inAmerican Expressshares dragged the 30-stock benchmark down. The S&P 500 last traded 1.9% lower and the Nasdaq fell 1.5%.—...
The market is acting as if newspaper stocks 'have been revived, and all is wonderful in the industry. But that's wrong. There's still plenty to worry about here.’ — Hal Vogel, Vogel Capital Management Time Warner Inc. TWX, with its strong stable of financial properties including Fortune...
Plus, stocks were already pointing to a lower open following disappointing earnings from tech giants Apple (AAPL), Amazon (AMZN) and Google owner Alphabet (GOOGL) late Thursday. 10:06 p.m. 15:30:03, February 3, 2023 The US economy added a whopper 517,000 jobs in January From CNN's ...
From CNN Business' Anneken Tappe The pandemic has made stay-at-home stocks likeZoom(ZM),Amazon(AMZN) andNetflix(NFLX) into fan favorites. But what paid off in 2020 might not be the right mix in 2021. “What worked last year was really the virtual world,” said Gabriela Santos, global...
Stocks have given back a bunch of their gains From CNN Business' Anneken Tappe US stocks are still in the green at midday but have given back a lot of their prior gains. Could the market finish in the red again today? The S&P 500 is up 1.7% at midday, while the Dow is up ...
03:30 • CNN Business What we're covering here today US stocks finished lower. Federal Reserve Chairman Jerome Powell and Treasury Secretary Steve Mnuchin testified earlier today. The hearing didn’t have a big impact on markets. CNN Business created a Coronavirus Markets Dashboard to help ...
“I think Powell will look at stocks being near all time highs,” and reiterate that spikes in inflation are expected to be transitory , said Danielle DiMartino Booth, CEO and chief strategist at Quill Intelligence, on the CNN Business digital live showMarkets Now. Powell might instead say th...