The stock market recovered from a midday stumble and ended higher, staying on track for its first weekly gain in four weeks. The S&P 500 rose 0.7 percent Thursday. The Nasdaq composite and the Dow Jones Industrial average also ended higher after bumpy rides of their own. Interest rate policies were in focus as the…
How Major US Stock Indexes Fared Thursday Sept. 8, 2022
September 8, 2022
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Wall Street Opens Lower on Rate Hike Angst
U.S. stock indexes opened lower on Thursday, as investors fretted about the pace of monetary policy tightening after Federal Reserve chair Jerome Powell said the central bank is “strongly committed” to controlling inflation. The Dow Jones Industrial Average fell 99.33 points, or 0.31 percent, at the open to 31,481.95. The S&P 500 opened lower by…
Dollar Climbs as Powell Speech, ECB Loom; Dovish Lowe Hits Aussie
TOKYO—The dollar hovered near a two-decade high hit in the previous session on Thursday as investors looked for fresh insight on the global monetary tightening path from a European Central Bank rate decision and comments from the head of the Federal Reserve. The Aussie dollar tumbled after Reserve Bank of Australia governor Philip Lowe suggested…
Oil Prices Fall Further as China Extends COVID-19 Curbs
September 8, 2022
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LONDON—Oil prices fell on Thursday, extending sharp losses from the previous session, as China’s extension of lockdown measures to curb the COVID-19 spread exacerbated concerns that a slowdown in economic activity globally would hit fuel demand. Brent crude futures lost 40 cents, or 0.4 percent, to $87.60 per barrel by 1002 GMT, near a late-January…
Global Shares Rise as Investors Watch for Central Bank Moves
September 8, 2022
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TOKYO—Global stock benchmarks mostly rose Thursday as investors closely watched a European central bank meeting and sought to juggle concerns about inflation and recession. France’s CAC 40 rose 0.1 percent to 6,113.98 in early trading, while Germany’s DAX slipped nearly 0.1 percent to 12,904.97. Britain’s FTSE 100 added 0.4 percent to 7,269.52. U.S. shares were…
Stocks Charge Higher on Wall Street, Erasing Weekly Losses
Stock indexes on Wall Street closed solidly higher Wednesday, placing the market on pace to break a 3-week losing streak. The S&P 500 rose 1.8 percent Wednesday, its biggest single-day gain in four weeks, with roughly 95 percent of the stocks in the benchmark index closing higher. The Dow Jones Industrial Average rose 1.4 percent and the…
How Major US Stock Indexes Fared Wednesday Sept. 7, 2022
Stocks ended broadly higher on Wall Street, placing the market on pace to break a 3-week losing streak. The S&P 500 rose 1.8 percent Wednesday, and the tech-heavy Nasdaq rose even more. Small-company stocks outpaced the rest of the market. Airlines did well after United raised its revenue forecast following a busy summer travel season….
Senator Profited More Than $164,000 From Well-Timed Trades: Document
Sen. Richard Burr (R-N.C.) made more than $164,000 from well-timed trades that were executed after receiving briefings on COVID-19 before the pandemic was declared, according to a newly unsealed document. Shares held by Burr’s wife Brooke in insurance and telecommunications companies were sold on Jan. 30, 2020, just hours before the White House announced that the…
Wall Street Opens Nearly Flat as Bond Yields Climb
Wall Street’s main indexes were nearly flat at the open on Wednesday as bond yields continued to rise with investors pricing in aggressive moves by the Federal Reserve to suppress inflation. The Dow Jones Industrial Average rose 0.33 points at the open to 31,145.63. The S&P 500 opened higher by 1.24 points, or 0.03 percent,…
King Dollar Stomps on Yen as US Yields Rise
September 7, 2022
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TOKYO/LONDON—The dollar was lord of all it surveyed on Wednesday, at a fresh 24-year peak on the yen and retesting a 20-year high on the euro after U.S. economic data reinforced the view that the Federal Reserve would maintain aggressive policy tightening. Economic jitters elsewhere, pushing investors to safety, also supported the U.S. currency. The…
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