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“Dow jumps as December jobs report eases rate worries” Wall Street’s main indexes closed higher on Friday on news that while US payrolls expanded more than expected, wage increases slowed and services activity contracted, easing worries about the Federal Reserve’s interest rate hiking path. The Dow Jones Industrial Average soared 700.53 points, or 2.1%, to 33,630.61,…
“Dow slides on hot jobs data, hawkish Fed comments” Wall Street’s main indexes closed more than 1% lower on Thursday as fresh evidence of a tight labor market ate away at any hopes investors had that the Federal Reserve could pause its rating hiking cycle anytime soon as it keeps focused on inflation. The Dow Jones…
“Dow jumps as jobless claims data eases rate worries” Wall Street’s main indexes ended higher on Thursday, led by growth stocks in light trading, as unemployment data signaled the Federal Reserve’s interest rate hikes might be starting to dent labor market strength in its bid to fight inflation. The Dow Jones Industrial Average soared 345.09 points, or 1.1%,…
“Dow tumbles more than 700 points on angst over hawkish Fed” Wall Street’s main stock indexes slid more than 2% on Thursday as the Federal Reserve’s guidance to stick to protracted policy tightening quelled hopes of the rate-hike cycle ending anytime soon. The Dow Jones Industrial Average tumbled 727 points, or 2.1%, at 33,238, the S&P 500 was down…
“Dow plunges as economic data adds to Fed rate-hike fears” US stocks plunged in trading Monday as some better-than-expected economic data sparked fresh anxiety among investors about Federal Reserve interest rate hikes. The Dow Jones Industrial Average was down 524 points, or 1.52%, in late afternoon trading. The tech-heavy Nasdaq fell 260 points, or 2.27%,…
“Dow, stocks tumble despite signs of easing inflation” The Dow fell nearly 200 points in uneven trading on Wall Street Thursday and bond yields pulled back after the government reported that a measure of inflation that’s closely watched by the Federal Reserve eased in October. The Dow Jones Industrial Average slid 194.76 points, or 0.6%,…
“2022 midterm results disappointed GOP — but were good for stocks” It was a disappointing election season for Republicans, but it was great for stocks — with the Dow up more than 1,100 points since last Tuesday’s poll results. This shouldn’t have been a surprise. Said simply: In good times and bad, US midterm elections…
“Dow surges after Fed hints at smaller rate hikes” US stocks tumbled on Wednesday, reversing earlier gains after the Federal Reserve raised interest rates by 75 basis points but signaled that smaller rate hikes may be on the horizon. The Dow had jumped more than 300 points but fell more than 200 points after Fed Chair Jerome…
“Jim Cramer chokes up as he apologizes for pushing Meta stock” Jim Cramer appeared to choke up during Thursday’s broadcast of CNBC’s “Squawk on the Street” as the investor apologized to viewers for previously recommending they buy shares of Meta — which tumbled to their lowest levels in six years. “Let me say this,” a…
“Dow dips into bear market amid fears of deeper recession” Wall Street’s massive selloff on Friday had the the Dow flirting with a bear market as investors appear resigned to the fact that the Fed has abandoned hopes for a “soft landing” and will continue to aggressively raise interest rates to fight inflation — even…