Tag: stocks

Intel Unit Mobileye’s Proposed IPO: What You Need to Know

Israeli autonomous vehicle technology company Mobileye Global Inc. will soon tap the public market yet again, according to its S-1 filing with the SEC late Friday. What Happened Mobileye said it will offer its Class A common stock in an initial public offering, or IPO, without mentioning the size and pricing of the offering, according…


Have the Markets Found a Bottom?

While the fourth quarter has only just begun, the end of the year can’t come fast enough for Wall Street. The year 2022 has been disastrous for investors. The Dow Jones Industrial Average is down 22 percent, the S&P500 has fallen 25 percent, and the NASDAQ Composite has dropped a whopping 33 percent for the…


Stocks End September Down 9.3 Percent, Worst Month Since March 2020

Wall Street closed out a miserable September on Friday with the S&P 500’s worst monthly skid since March 2020, when the coronavirus pandemic crashed global markets. The benchmark index ended the month with a 9.3 percent loss and posted its third straight losing quarter. It’s now at its lowest level since November 2020 and is…


How Major US Stock Indexes Fared Friday Sept. 30, 2022

Wall Street closed out a miserable September with a loss of 9.3 percent, the worst monthly decline since March 2020. The S&P 500 fell 1.5 percent Friday to its lowest level in almost two years. The benchmark index has lost ground for six of the last seven weeks and posted its third straight losing quarter….


Wall Street Opens Lower as Inflation Data Adds to Rate-Hike Worries

Wall Street’s main indexes opened lower on Friday as resilient core inflation in August stoked fears of more big-sized interest-rate hikes denting a rebound in consumer spending. The Dow Jones Industrial Average fell 102.58 points, or 0.35 percent, at the open to 29,123.03. The S&P 500 opened lower by 6.99 points, or 0.19 percent, at…


Euro Falls After Inflation Data but Heads for Weekly Gain

LONDON—The euro dropped on Friday after inflation in the eurozone hit a record high, but headed for a weekly gain on hawkish signals from the European Central Bank as some calm returned to foreign exchange markets at the end of a wild week. Sterling was also lower as end-of-quarter demand boosted the dollar, but was…


Oil Set for Weekly Gain as OPEC+ Considers Output Cut

LONDON—Oil prices were on track for their first weekly gain in five on Friday, underpinned by a weaker dollar and the possibility that OPEC+ will agree to cut crude output when it meets on Oct. 5. Brent crude futures for November, which expire on Friday, rose by 95 cents, or 1.07 percent, to $89.44 a…


Global Stocks Mixed After Eurozone Inflation Rises

BEIJING—Global stocks were mixed Friday after inflation in 19 countries that use Europe’s euro currency spiked to a record and Chinese factory activity weakened. London and Frankfurt opened higher. Shanghai and Tokyo declined while Hong Kong advanced. Wall Street futures rebounded after the benchmark S&P 500 index fell Thursday to its lowest level in almost…


Wall Street Drops Back to Lowest Since 2020 as Fear Returns

NEW YORK—Stocks fell broadly on Wall Street Thursday as worries about a possible recession and rising bond yields put the squeeze back on markets. The S&P 500 fell 2.1 percent, reaching its lowest level since late 2020. The washout erased the index’s gains in a big rally the day before. That’s when forceful moves by…


How Major US Stock Indexes Fared Thursday Sept. 29, 2022

Stocks are back to falling on Wall Street as worries about a possible recession and rising bond yields put the squeeze back on markets. The S&P 500 fell 2.1 percent Thursday, reaching its lowest level since late 2020. The washout erased the index’s gains in a big rally the day before. The Dow Jones Industrial…