U.S. stocks reversed losses in late afternoon trading on Friday as markets cap off a bumpy week following the Federal Reserve’s interest rate decision on Wednesday and further pressure in the banking sector. The S&P 500 (^GSPC), which fell as much as 1{b56f7a0c6479bc075d08fb7619591a4c4023144d1b4aceb7f3fe2776303deb2f} in early Friday trading, the most in […]
Stocks
Stocks slid on Friday to cap a hectic week of trading that ultimately saw the Nasdaq Composite (^IXIC) rise more than 4{b56f7a0c6479bc075d08fb7619591a4c4023144d1b4aceb7f3fe2776303deb2f}, the S&P 500 (^GSPC) gain about 1.5{b56f7a0c6479bc075d08fb7619591a4c4023144d1b4aceb7f3fe2776303deb2f}, and the Dow Jones Industrial Average (^DJI) lose 0.2{b56f7a0c6479bc075d08fb7619591a4c4023144d1b4aceb7f3fe2776303deb2f}. Perhaps not exactly the weekly returns some investors would have expected in […]
U.S. stocks rallied on Thursday after a consortium of 11 of the biggest U.S. banks banded together to inject $30 billion in capital into troubled bank First Republic (FRC) as the sector works to stave off a broader financial crisis in the wake of multiple bank failures since last Wednesday. […]
U.S. stocks rallied Tuesday as crucial inflation data came in line with expectations. Regional bank stocks surged, clawing back some of their losses in the wake of the Silicon Valley Bank fallout. The S&P 500 (^GSPC) added 1.3{b56f7a0c6479bc075d08fb7619591a4c4023144d1b4aceb7f3fe2776303deb2f}, while the Dow Jones Industrial Average (^DJI) advanced 1{b56f7a0c6479bc075d08fb7619591a4c4023144d1b4aceb7f3fe2776303deb2f}. Contracts on the technology-heavy […]
U.S. stocks wavered on Wednesday, following two job prints that showed the labor market remains tight amid sticky inflation. Wall Street also heard from Federal Reserve Chair Jerome Powell before the House Financial Services Committee Wednesday morning. Powell continued to stress that “no decision” has been made on the size […]
U.S. stocks lost steam Monday afternoon after rallying earlier in the session, kicking off a busy week on Wall Street with a mixed tone. The S&P 500 (^GSPC) ended the session near the flatline, while the Dow Jones Industrial Average (^DJI) increased 0.1{b56f7a0c6479bc075d08fb7619591a4c4023144d1b4aceb7f3fe2776303deb2f}. The technology-heavy Nasdaq Composite (^IXIC) edged down […]