Tag: stocks

Investors Fear Higher Interest Rates Could Further Sink Stock Prices

In 2022, investors have lost more than $7.6 trillion on U.S. stocks, and experts warn these losses could mount heading into 2023. From institutional investors to retail traders, it has been a challenging year as they navigate the worst-performing market in five decades, says Bespoke Investment Group. “It is no secret that 2022 has not…


Investors Worry Higher Interest Rates Might Sink Stock Prices Further

Investors have lost more than $7.6 trillion on U.S. stocks this year, and experts are warning that the losses could mount heading into 2023. From institutional investors to retail traders, it’s been a challenging year to navigate the worst-performing market in five decades, Bespoke Investment Group says. “It is no secret that 2022 has not…


Wall Street Opens Lower on Rate-Hike, Recession Fears

Wall Street’s main indexes opened lower on Monday as investors worried that the Federal Reserve’s aggressive push to curb inflation may tip the country’s economy into recession. The Dow Jones Industrial Average fell 53.57 points, or 0.18 percent, at the open to 29,536.84. The S&P 500 opened lower by 10.51 points, or 0.28 percent, at…


Sterling Crumbles to All-Time Low, Euro at 20-year Low

LONDON—Sterling crashed to a record low early on Monday as traders rushed for the exits on mounting concern that the new government’s economic plan will stretch Britain’s finances to the limit. The British pound’s searing drop helped lift the safe-haven U.S. dollar to a new two-decade peak against a basket of major currencies, while the…


Oil Prices Hit Nine-Month Low on Recession Fears

LONDON—Oil prices hit nine-month lows on Monday, driven down by an expected decline in fuel demand as rising interest rates raise the likelihood of global recession, with further price pressure coming from a surging U.S. dollar. Brent crude futures for November settlement slipped by 82 cents, or 1 percent, to $85.33 a barrel at 1110…


World Shares Mixed; British Pound Slides on Tax Cut Concerns

TOKYO—Global shares were mixed Monday while the British pound declined to an all-time low against the U.S. dollar on concerns over planned tax cuts. France’s CAC 40 rose 0.2 percent in early trading to 5,795.88, while Germany’s DAX added 0.2 percent to 12,311.57. Britain’s FTSE 100 edged 0.1 percent higher to 7,025.51. The futures for…


A New ‘Lost Decade’ for the Market?

Commentary Investors may need to prepare themselves for the possibility that the good times are over. Stock market investors have generally enjoyed a decade of great returns dating back to 2013, when the market emerged from the doldrums of the 2008 financial crisis. The S&P 500 has now lost almost 25 percent in 2022 after…


‘Meaningful Penalties’: Bill Banning Members of Congress and SCOTUS From Stock Trading Takes Shape

Long-anticipated legislation that would ban lawmakers and other senior government officials from trading stocks got a boost on Thursday, as House Democrats released a legislative framework that seeks to close loopholes, cut conflicts of interest, and make penalties for non-compliance more painful. Rep. Zoe Lofgren (D-Calif.), chair of the Committee on House Administration tasked with…


Bill Banning Members of Congress and SCOTUS From Stock Trading Takes Shape

Long-anticipated legislation that would ban lawmakers and other senior government officials from trading stocks got a boost on Sept. 22, as House Democrats released a legislative framework seeking to close loopholes, cut conflicts of interest, and make penalties for noncompliance more painful. Rep. Zoe Lofgren (D-Calif.), chair of the Committee on House Administration tasked with…


How Major US Stock Indexes Fared Friday Sept. 23, 2022

Markets sold off around the world on mounting signs the global economy is weakening just as central banks raise the pressure even more with additional hikes to interest rates. The Dow Jones Industrial Average closed at its lowest point of the year Friday. The S&P 500 fell 1.7 percent, close to its 2022 low. Energy…