NEW YORK—The three major U.S. stock indexes rose 1 percent on Wednesday as investors mostly took in stride the latest signals from the Federal Reserve, including clearing the way for the central bank to reduce its monthly bond purchases soon. The S&P 500 registered its biggest daily percentage gain since July 23. While trading was…
Wall Street Ends Higher as Fed Signals Bond-Buying Taper Soon
September 23, 2021
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Wall Street Ends Near Flat on Cautious Note Ahead of Fed
September 22, 2021
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NEW YORK—U.S. stocks ended near flat on Tuesday after a broad sell-off the day before, with worries over troubles at developer China Evergrande and caution ahead of Wednesday’s Federal Reserve policy news keeping a lid on the market. Trading was choppy, with the Dow and S&P 500 erasing session gains just before the close, while…
Stocks Drop the Most Since May on Worries Over China, Fed
Stocks on Wall Street closed sharply lower Monday, mirroring losses overseas and handing the S&P 500 index its biggest drop in four months. Worries about debt-engorged Chinese property developers—and the damage they could do to investors worldwide if they default—rippled across markets. Investors are also concerned that the U.S. Federal Reserve could signal this week…
Wall Street Opens In Red, as Economic Recovery Worries and China’s Property Bubble Troubles Roil Markets
Wall Street’s main indexes tumbled at opening bell Monday, as concerns about the pace of economic recovery, mixed with fears about financial contagion from China’s Evergrande troubles, put selling pressure on risk assets. At opening bell, the Dow Jones Industrial Average fell 125.16 points, or 0.36 percent, to 34,459.72. The S&P 500 opened lower by…
China to Wall Street: Regulatory Crackdown Not Aimed at Restricting Private Firms
September 20, 2021
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BEIJING/HONG KONG—China’s sweeping regulatory crackdown of recent months does not aim to rein in the country’s private enterprises or decouple from the United States or international financial markets, a top Chinese regulatory official told Wall Street leaders last week. The actions instead intend to strengthen the regulation of consumer-facing platform companies with a key role…
Wall Street Closes Rollercoaster Week Sharply Lower
September 18, 2021
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NEW YORK—U.S. stocks ended sharply lower in a broad sell-off on Friday, ending a week buffeted by strong economic data, corporate tax hike worries, the Delta COVID-19 variant, and possible shifts in the U.S. Federal Reserve’s timeline for tapering asset purchases. All three major U.S. stock indexes lost ground, with the Nasdaq Composite Index’s weighed…
Wall Street Set for Weak Open as Technology Shares Extend Losses
September 17, 2021
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U.S. stock indexes were set for a lower open on Friday, as steady yields for government bonds following an unexpected rebound in retail sales this week pointed to more movement out of heavyweight technology stocks. FAANG stocks, including Apple Inc. and Alphabet Inc., some of the largest tech names on Wall Street, fell slightly in…
Wall Street Gains as Crude Price Surge, Strong Economic Data Prompt Broad Rally
September 16, 2021
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NEW YORK—U.S. stocks closed higher on Wednesday as rising crude prices boosted energy shares and a swath of positive U.S. data suggested inflation has crested and the economic recovery remains robust, boosting investor sentiment. All three major U.S. stock indexes gathered strength as the session progressed, with economically sensitive cyclicals, smallcaps and transportation stocks leading…
Wall Street Set to Recover From Sharp Weekly Losses
September 13, 2021
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Wall Street indexes were set to rise on Monday after their worst week in several months, with investors keeping a tab on the impact of potential changes to taxation on corporate profits and the effects of inflation on monetary policy. The indexes lost between 1.6 percent to 2.2 percent last week, with the S&P 500…
Wall Street Powers Higher as Jobless Claims Fall to New Pandemic-Era Low
The Labor Department announced on Sept. 9 that the number of American workers who filed for unemployment last week hit a fresh pandemic-era low, with the labor market recovery signal giving an immediate boost to risk assets like stocks and cryptocurrencies. First-time filings for unemployment insurance—a proxy for layoffs—came in at 310,000 for the week…
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