NEW YORK—Another volatile day on Wall Street ended with more losses for stocks Thursday, drawing the S&P 500 closer to its first bear market since the beginning of the pandemic. The index, a benchmark for many funds, fell 0.6 percent after easing off a deeper stumble. The latest decline came a day after the S&P…
Stocks Slip on Wall Street, Edge Closer to Bear Market
NEW YORK—Stocks fell in morning trading on Wall Street Thursday, deepening a slump for major indexes as persistently high inflation continues to weigh on the economy. The S&P 500, the benchmark for many index funds, is coming off of its biggest drop in nearly two years. It fell another 0.4 percent and is down nearly…
Asia Stocks Mixed After Wall Street Gain, Powell Warns on Rates
BEIJING—Asian stock markets were mixed Wednesday after Wall Street rose and the Federal Reserve’s chairman said it will raise interest rates further if needed to cool inflation. Shanghai and Hong Kong declined. Tokyo and Seoul advanced. Oil prices rose to stay above $110 per barrel. On Wall Street, the benchmark S&P 500 index rose by…
Wall Street Ends Sharply Higher, Fueled by Apple
Wall Street finished sharply higher on Tuesday, lifted by Apple, Tesla, and other megacap growth stocks after strong retail sales in April eased worries about slowing economic growth. Ten of the 11 major S&P sector indexes advanced, with financials, materials, consumer discretionary, and technology all gaining more than 2 percent. Investors were cheered by data…
Stocks End Mostly Lower, Extending Losing Streak for S&P 500
NEW YORK—Stocks closed a wobbly day of trading mostly lower on Wall Street Monday, extending a losing streak for markets. The broader market is in the midst of a slump as investors try to gauge how companies and consumers are dealing with higher prices and whether central banks can help ease the problem. Major indexes…
US Stocks Waver as Inflation Remains Stubbornly High
NEW YORK—Stocks wavered in morning trading on Wall Street as investors received another dire readout on inflation. The S&P 500 fell 0.4 percent as of 10:26 a.m. Eastern. The Dow Jones Industrial Average fell 142 points, or 0.5 percent, to 31,814 and the Nasdaq was little changed. Technology stocks were among the biggest weights pressing…
Stocks Fall Further on Wall Street a Day After Big Sell-Off
NEW YORK—Stocks shed early gains and fell in afternoon trading on Wall Street Tuesday as the market remains shaky a day after a broad sell-off. The S&P 500 fell 0.8 percent as of 12:31 p.m. Eastern. The benchmark index was up as much as 1.9 percent in early trading. It slumped 3.2 percent a day earlier, hitting…
Wall Street’s Losses Worsen as Markets Tumble Worldwide
NEW YORK—Stocks racked up more losses on Wall Street Monday, leaving the S&P 500 at its lowest point in more than a year. The sell-off came as renewed worries about China’s economy piled on top of global financial markets already battered by rising interest rates. The S&P 500 gave up 3.2 percent, adding to its…
Wall Street Bonuses Could Drop by 40 Percent in 2022: Analyst
May 6, 2022
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Wall Street bankers may be disappointed in 2022 as big financial firms are expected to cut bonuses by as much as 40 percent due to a fall in bank profits, according to predictions by Alan Johnson of compensation consulting firm Johnson Associates. In a May 5 report (pdf), Johnson explained that investment and commercial banking…
Wall Street Closes Sharply Lower on Amazon Slump, Inflation Worries
Wall Street slid on Friday to its deepest daily losses since 2020, as Amazon slumped following a gloomy quarterly report, and as the biggest surge in monthly inflation since 2005 spooked investors already worried about rising interest rates. Amazon.com Inc. tumbled 14.05 percent in its steepest one-day drop since 2006, leaving the widely held stock…
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