BEIJING—Global stock markets sank Thursday after the Federal Reserve delivered another big interest rate hike to cool galloping inflation and raised its outlook for more increases. London and Frankfurt declined after Switzerland’s central bank also raised its benchmark lending rate by its biggest margin to date. Shanghai, Tokyo, and Hong Kong declined. The dollar rose…
Global Stocks Fall After Fed Steps Up Inflation Fight
September 22, 2022
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A Retiree’s Guide to Trading Stocks
If you are a retiree who did a good job planning for retirement, chances are you’re sitting on a large nest egg and wondering how to make your money last while providing a regular source of income. You may also be thinking of splurging a bit on that luxury car you always wanted or investing in a third…
How Major US Stock Indexes Fared Wednesday Sept. 21, 2022
Wall Street closed sharply lower after the Federal Reserve stepped up its fight against inflation by raising interest rates. The S&P 500 lost 1.7 percent Wednesday, as did the Dow Jones Industrial Average. The Fed’s fifth rate hike of the year came in as expected, three-quarters of a percentage point, but the central bank also…
Stocks Slump on Wall Street as Fed Steps Up Inflation Fight
Stocks closed lower Wednesday after the Federal Reserve made another big interest rate hike and sharply increased its outlook for how high it expects to raise rates in coming months. Short-term Treasury yields pushed further into multiyear highs after the central bank raised its benchmark rate by three-quarters of a point. The Fed also said…
Wall Street Opens Higher as Investors Gear Up for Another Big Rate Hike
Wall Street’s main indexes opened higher on Wednesday ahead of a widely expected hefty rate hike from the U.S. Federal Reserve, with investors awaiting cues on the length and depth of further policy tightening to tame surging price pressures. The Dow Jones Industrial Average rose 113.2 points, or 0.37 percent, at the open to 30819.39….
Dollar Sails at Two-Decade High as Putin Rattles Markets Before Fed
LONDON—The dollar jumped to a new two-decade high on Wednesday, as a decision by Russia’s President Vladimir Putin to mobilize more troops for the conflict in Ukraine rattled markets just before another expected aggressive U.S. Federal Reserve rate hike. Putin on Wednesday called up 300,000 reservists to fight in Ukraine and said Moscow would respond…
Oil Prices Surge as Putin Mobilizes More Troops
September 21, 2022
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Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
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LONDON—Oil jumped nearly 3 percent on Wednesday after Russian President Vladimir Putin announced a partial military mobilization, escalating the war in Ukraine and raising concerns of tighter oil and gas supply. Brent crude futures rose $2.26, or 2.5 percent, to $92.88 a barrel by 1051 GMT. U.S. West Texas Intermediate crude was at $86.09 a…
Stocks Fall, Bonds and Gold Gain as Russia Threats Add to Fed Jitters
September 21, 2022
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Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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LONDON—Stocks fell, while safe havens such as government bonds and the dollar rose, as anxious investors fled risk assets after Russian President Vladimir Putin on Wednesday ordered a mobilization over Ukraine and accused the West of “nuclear blackmail.” European currencies came under fire, with the euro dropping 0.4 percent to $0.9932 and sterling last down…
Stocks Close Lower Ahead of Fed Decision on Interest Rates
Stocks finished broadly lower Tuesday as Wall Street, increasingly anxious about the slowing economy, looks ahead to a widely expected interest rate hike by the Federal Reserve in its bid to squash the highest inflation in decades. The S&P 500 index fell 1.1 percent, as more than 90 percent of stocks and every sector in…
How Major US Stock Indexes Fared Tuesday Sept. 20, 2022
Stocks closed lower on Wall Street ahead of a key decision on interest rates by the Federal Reserve. The S&P 500 fell 1.1 percent Tuesday. The Nasdaq composite and the Dow Jones Industrial Average also lost ground. Treasury yields were mostly higher. Traders are waiting to see how high the Fed will raise interest rates…
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