NEW YORK—Stocks fell on Wall Street Wednesday, giving back some of their recent gains as uncertainty about interest rates and inflation continues to reign. Investors also reviewed another set of mixed earnings reports from big companies. The latest round of financial results and forecasts could help give Wall Street a clearer picture of how inflation…
Wall Street Rally Hits Wall of Hot Jobs, Cold Earnings Data
NEW YORK—Wall Street’s big rally to start the year wilted on Friday after a surprisingly strong jobs report fueled worries about inflation and higher interest rates. The S&P 500 fell 1 percent for its first drop in four days, though it took an up-and-down route to get there. The bond market was more decisive in…
Wall Street Piles More Onto Big Start to Year as Tech Surges
NEW YORK—Wall Street’s bang to start the year got even bigger Thursday, as tech stocks and a surge for Facebook’s parent company led the market higher. The S&P 500 rallied 1.5 percent a day after hitting its best level since August. The Nasdaq composite soared 3.3 percent, while the Dow Jones Industrial Average lagged because…
Wall Street Climbs to Add More to Its Strong January
NEW YORK—Wall Street closed out a strong January with more gains on Tuesday, ahead of what many investors hope will be one of the Federal Reserve’s last hikes to interest rates for a while. Markets got a boost after a report showed that that growth for workers’ pay and benefits slowed during the end of…
Stocks Sink as Markets Brace for Big Week With Fed, Earnings
NEW YORK—Stocks sank Monday as Wall Street prepped for a week full of potentially market-moving events, from decisions on interest rates around the world to earnings reports from the biggest U.S. companies. The S&P 500 dropped 1.3 percent, giving back some of the gains that had carried it last week to its highest level since…
Wall Street Climbs to Hit Best Level in Nearly 8 Weeks
NEW YORK—Stocks rose Thursday to send Wall Street to its highest level in nearly eight weeks following reports suggesting the economy and corporate profits may be doing better than feared. The S&P 500 climbed 1.1 percent to clinch its highest finish since Dec. 2. The Dow Jones Industrial Average gained 205 points, or 0.6 percent,…
Stocks Drift on Wall Street as Earnings Reports Rev Up
Wall Street’s major stock indexes closed mixed Tuesday, as more big companies delivered their financial results for the last three months of 2022 amid lingering concerns about a potential recession. The S&P 500 slipped less than 0.1 percent, its second loss in three trading days. The Dow Jones Industrial Average rose 0.3 percent and the…
Wall Street Has Biggest Pullback of the Year, Led by Tech
Wall Street had its biggest pullback of the year Wednesday after a broad slide for stocks wiped out much of the benchmark S&P 500 index’s gains from last week. The S&P 500 fell 1.6 percent after having been up as much as 0.6 percent in the early going. The Dow Jones Industrial Average lost 1.8 percent and…
Stocks Close Mixed on Wall Street in Uneven Trading
Stock indexes on Wall Street closed mixed Tuesday, as investors focus on a busy week of corporate earnings for insight into how much damage inflation is inflicting on the economy. The S&P 500 slipped 0.2 percent, ending a four-day winning streak. The Dow Jones Industrial Average fell 1.1 percent, mostly because of a big drop…
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Wall Street Rallies After Swerving on Fed Chair’s Comments
NEW YORK—Wall Street rallied Tuesday after the Federal Reserve signaled last week’s stunningly strong jobs report won’t by itself change where interest rates are heading, as some investors had feared. The S&P 500 climbed 1.3 percent following a shaky day where stocks pinballed between losses and gains as Fed Chair Jerome Powell gave his first…