The Dow Jones Industrial Average tumbled 1,164 points as of midday Wednesday amid fears of inflation and a looming recession. Target’s shares dropped after it revealed that inflation-caused higher costs will hurt the retailer’s profitability for the rest of the year. A day before that, Walmart issued a similar profit report that it also blamed…
Dow Jones Plunges 1,100 Points as Retailers’ Profits Crushed by Rampant Inflation
Stock Markets Decline, Dollar Strengthens as Fed Reveals Aggressive Stance Toward Inflation in March Minutes
Stocks declined and the U.S. dollar rose following the release of Fed’s March minutes that reinforced market views on the policymakers’ hawkish stance in a bid to curb decades-high inflation. The benchmark S&P started its decline on April 5 after opening at around 4,567.88 and closing over 0.9 percent lower at 4,525.02 mostly on fears…
Dow Posts Biggest Gain Since November 2020 as Wall Street Rebounds Second Day
NEW YORK—The Dow on Friday registered its biggest daily percentage gain since November 2020 with the market rebounding for a second day from the sharp selloff leading up to Russia’s invasion of Ukraine. Oil prices fell below $100 a barrel, easing some concerns about higher energy costs, and all 11 of the major S&P 500…
Stocks Fall Again, Handing Wall Street Another Losing Week
Stocks capped a week of volatile trading on Wall Street with a broad sell-off Friday that left the major indexes with their second straight weekly loss. The selling lost some momentum into the afternoon, but the intensified again in the final hour of trading. The S&P 500 and the Dow Jones Industrial Average each fell…
US Stocks Tumble in January Indicating Rough Year and More Corrections Ahead
January proved a rough start for U.S. stocks as indexes barely avoided a worst-ever yearly start with investors swerving away from risky stocks, signaling a market correction in 2022, while companies brace for interest rate hikes and a withdrawal of pandemic relief measures. After years of booming markets, lofty valuations of companies especially in the…
US Stocks Tumble in January, Suggesting Rough Year and More Corrections Ahead
January proved a rough start for U.S. stocks as indexes barely avoided a worst-ever yearly start with investors swerving away from risky stocks, suggesting a market correction in 2022, while companies brace for interest rate hikes and a withdrawal of pandemic relief measures. After years of booming markets, lofty valuations of companies especially in the…
5 Dow Jones Stocks With Earnings to Watch This Week
The week of Jan. 24 features earnings from many large-cap companies including around half of the 30 companies that make up the Dow Jones Industrial Index. Here is a look at five stocks investors should watch this week of the many earnings reports happening. Microsoft Corporation Technology giant Microsoft Corporation reports second-quarter financial results after…
Dow Drops Over 1,000 Points Monday, Stocks Extend Losses Before Making Same-Day Turnaround
The Dow Jones Industrial Average (DJIA) dropped over 1,000 points on Monday as stocks extended their three-week declines before making a same-day turnaround minutes before closing time. At its lowest point on Monday, the market was on track for its worst day since October 2020, with the DJIA down more than 1,000 points before making an…
Asian Shares Fall on Fed Officials’ Hawkish Policy Stance
TOKYO—Asian shares took a beating on Friday after a fresh salvo of hawkish remarks from Federal Reserve officials solidified expectations that U.S. interest rates could rise as soon as March, leaving markets braced for tighter monetary conditions. Fed Governor Lael Brainard became the latest and most senior U.S. central banker on Thursday to signal that…
Dow Posts Closing Record High for 2nd Day, Boosted by Banks
NEW YORK—The Dow Jones Industrial Average reached a record closing high on Tuesday for a second straight day as financial and industrial shares rallied, while the Nasdaq fell. The S&P 500 ended slightly weaker after hitting an intraday all-time high. Declines in shares of big growth names including Tesla Inc. weighed on the index and…
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