Stock market today: Wall Street slips to a rare back-to-back loss But the data also raised worries that the Fed may have held rates too high for too long in its zeal to stifle inflation. The Fed has been keeping its main interest rate at a two-decade high for roughly a...
The Dow Jones Industrial Average dropped 494 points, or 1.2%, and had been down more than 700 points earlier in the day, while the Nasdaq composite sank 2.3%. The action was even stronger in the bond market, where the yield on the 10-year Treasury tumbled below 4%,...
Stock markets facilitate both a primary and a secondary market. The primary market is where new stocks are first issued through initial public offerings (IPOs). Here, companies sell shares directly to investors, raising capital for business operations or expansion. Once these shares are in circulati...
JPMorganwas among the biggest decliners in the broad market index, down more than 5% after releasingnet interest income guidancethat disappointed investors. Otherwise, the major bank had beat expectations on the top and bottom lines. Notably,Applewas among the few advancers, last rising just 0.3%...
"This repricing of rates, I think, is very important because it is telling you that we've been waiting for this slowdown for so long. Why isn't everyone expecting this rate slowdown to come in the next several quarters, in particular with the tailwind of the stock market up $10 trillion...
The stock market is down sharply today after the Federal Reserve forecast fewer interest rate cuts in 2025 than expected. Dec 18, 2024 What's open on Black Friday, from the post office to the stock market Black Friday is a major shopping day for the nation's retailers. Here's what's ...
Basically, the weakness in concentrated in the biggest technology stocks, as the so-called Magnificent Seven was suffering its worst total market-capitalization loss ever. The S&P 500 was down 0.8%, but 392 components were actually rising. Meanwhile, all seven ...
NEW YORK (AP) — U.S. stocks rebounded Tuesday after falling oil prices released some of the pressure that built up on the market.
AP AUDIO: Stock market today: Wall Street holds relatively steady ahead of big tests coming later in the week AP business correspondent Seth Sutel reports a calmer atmosphere is starting the week on Wall Street. A promise last week by a top Bank of Japan official not to raise rates furt...
Stock Market Today1/17/2025 Stocks Surge Into Trump 2.0; Viking Holdings, ServiceNow, Amazon.com In Focus Ed Carson and Mike Webster analyze Friday's market action and discuss key stocks to watch on Stock Market Today. 65:47 Playing Now ...