U.S. stocks advanced on Friday and gold continued to hit record highs as investors looked to whether the Federal Reserve might move more aggressively to cut rates at its policy meeting next week. Futures tied to the Fed’s policy rate now reflect about a 47% chance the Fed will cut its policy rate by half…
READ MOREThe seemingly unstoppable stock market rally is wobbling as it confronts a horde of challenges to the momentum that’s taken it from record high to record high. A rout early last month was a glimpse of how quickly things can turn bad, a sharp selloff driven by US recession fears that rocked investors used to…
READ MOREStock markets jumped on Friday after US Federal Reserve chief Jerome Powell made clear that the central bank was ready to cut interest rates as inflation is cooling. The Dow was up 476 points or 1.17 percent following the speech while the broad-based S&P 500 gained more than one percent and the Nasdaq bounced by…
READ MOREGreed has overcome fear on Wall Street β and the market cataclysm that shook up the world in recent weeks may well prove a mere blip on long-term price charts. Yet the summer rout will also go down as a particularly extreme example of a trend thatβs shaped modern finance for years now: Increasingly frequent…
READ MOREWall Street’s main indexes slipped on Friday following the S&P 500 and the Nasdaq’s six-day winning streaks after a spate of encouraging economic data allayed recession worries, while weak housing data dampened sentiment. Equities came under pressure a bit after data showed U.S. single-family homebuilding fell sharply in July, suggesting that the housing market remained…
READ MOREU.S. stocks sold off for a second straight session on Friday, and the Nasdaq Composite confirmed it was in correction territory after a soft jobs report stoked fears of an oncoming recession. The Labor Department said nonfarm payrolls increased by 114,000 jobs last month, well short of the 175,000 average forecast by economists polled by…
READ MOREThe S&P 500 was 0.6% lower in afternoon trading, a day after a widespread wipeout dragged down much of the market, and it’s on track to close its worst week in months. The Dow Jones Industrial Average was down 358 points, or 0.9%, as of 12:30 p.m. Eastern time, and the Nasdaq composite was 0.8%…
READ MOREAsian stocks were mostly lower Wednesday even as investors wagered that the Federal Reserve will come ahead with a cut to interest rates, while Australia’s benchmark hit a new record. U.S. futures were mixed and oil prices were little changed. In Tokyo, the Nikkei 225 index gave up early gains to shed 0.4% to 41,095.23….
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