A wobbly day of trading on Wall Street ended with a mixed finish for U.S. stock indexes Tuesday as markets stagger amid worries about a possible recession. The volatile trading comes a day after a broad sell-off sent the Dow Jones Industrial Average into a bear market, joining other major U.S. indexes. The S&P 500…
How Major US Stock Indexes Fared Tuesday Sept. 27, 2022
Stocks ended a wobbly day with mixed results on Wall Street as markets continue to be unstable amid worries about a possible recession. The volatile trading came a day after the Dow Jones Industrial Average followed other major U.S. indexes into a bear market. The S&P 500 slipped 0.2 percent, the Dow fell a bit…
The Dow Is in a Bear Market, What Does That Mean?
The Dow Jones Industrial Average, the oldest of Wall Street’s three main stock indexes, dropped 1.1 percent on Monday, extending the decline from its January peak to more than 20 percent, meeting a common definition for a bear market. Worries that the Federal Reserve’s war against decades-high inflation is pushing the U.S. economy into a…
Morgan Stanley Warns Soaring Dollar Teeing Up ‘Something to Break’ in Markets
The recent surge in the U.S. dollar could soon lead to some kind of economic or financial crisis, according to Michael Wilson, chief U.S. equity strategist at Morgan Stanley. Wilson said in a note that even though such events are hard to predict, conditions are “in place” for the dollar to trigger such a development,…
Wall Street Opens Higher After Brutal Selloff
Wall Street’s main indexes opened higher on Tuesday, after five sessions of relentless selling on worries of a rate-hike induced economic slowdown. The Dow Jones Industrial Average rose 159.1 points, or 0.54 percent, at the open to 29419.88. The S&P 500 rose 31.4 points, or 0.86 percent, at the open to 3686.44, while the Nasdaq…
Dollar Pauses for Breath as Fragile Pound Edges Up
LONDON/SYDNEY—The dollar took a pause on Tuesday in what has been a relentless climb higher as under-fire sterling as well as the euro and Japanese yen recovered some ground from multi-year lows, but medium-term fundamentals were still in the greenback’s favor. Sterling climbed over 1 percent to $1.0810, on track for its biggest daily percentage…
Oil Rises From 9-month Low on US Gulf Supply Cuts, Softer Dollar
September 27, 2022
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Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
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LONDON—Oil rose more than 1 percent on Tuesday from a nine-month low a day earlier, supported by supply curbs in the U.S. Gulf of Mexico ahead of Hurricane Ian and a slight softening in the U.S. dollar. Analyst expectations that the Organization of the Petroleum Exporting Countries and allies, known as OPEC+, may take action…
World Stocks Edge Above November 2020 Lows, Sterling Recovers Some Ground
September 27, 2022
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Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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LONDON/HONG KONG—World stocks picked up from 21-month lows on Tuesday and sterling rallied after hitting record lows versus the dollar a day earlier on UK plans for tax cuts, as market slides ran out of steam. U.S. S&P futures bounced 0.94 percent after Wall Street fell deeper into a bear market on Monday, benchmark 10-year…
How Major US Stock Indexes Fared Monday Sept. 26, 2022
Stocks fell on Wall Street and put major indexes deeper into a slump as recession fears grow. The S&P 500 fell 1 percent Monday. The Dow Jones Industrial Average and the Nasdaq also fell. The losses were broad and included banks, health care companies and retailers. The British pound slumped to an all-time low against…
How to Invest for a Recession
By James K. Glassman From Kiplinger’s Personal Finance If you have a reasonably diversified stock portfolio, it likely lost roughly 20 percent of its value during the first six months of the year. Those losses anticipate a recession—or at least a very rough patch for businesses. There is little shelter in the stock market from…
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