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“Dow, Nasdaq slide on fears of prolonged inflation” Stocks ended a whipsaw session lower as worries that inflation, while it might have peaked, will remain at elevated levels and could provoke increasingly aggressive policy tightening from the Federal Reserve. The Dow plunged more than 500 points in late afternoon trading before recovering as all three…
“Dow falls 500 points as jobs report fuels rate-hike worries” Another selloff hit Wall Street on Friday as robust US jobs numbers stoked investor fears that the Federal Reserve will impose bigger rate hikes in the coming months to tame surging inflation. The latest jobs report indicated that employers added 428,000 people to their payrolls…
“Stock market troubles could get worse, Bank of America warns” The worst may still be yet to come for stocks – even after leading exchanges suffered their worst day of the year as anxiety mounts that the Federal Reserve’s plan to combat inflation will result in a recession. The Dow Jones Industrial Average plunged more…
“Market panic because of Biden and Powell’s inflation incoherence” Fed chairs have historically been inscrutable when talking in public, leaning on something called “Fedspeak.” By talking in riddles, financial markets don’t overreact to your every word. But speaking in riddles is different than acting in riddles. And that’s exactly what the Biden administration and Fed…
“Dow falls 1,200 points as ‘relief rally’ over Fed plan fades” Stocks cratered in trading Thursday, logging their worst day since 2020 as Wall Street grew skittish over the Federal Reserve’s high-wire effort to combat inflation without derailing the US economy. The Dow Jones Industrial Average plunged 1,063.09 points, erasing more than 3% of its…
“Stocks tank as Amazon, Apple reports worry investors” US stocks tumbled Friday to cap a week of volatile trading as investors reacted to downbeat earnings reports from blue-chip tech firms and worrisome economic data. The Dow Jones Industrial Average plummeted 939.18 points, or 2.77%. The tech-heavy Nasdaq index fell 536.89 points, or 4.17%, and the…
“Dow jumps over 600 points on rebound in tech stocks” Stocks rallied on Wall Street Thursday as technology companies clawed back some of the ground they had lost recently. The Dow Jones Industrial Average rose 614 points, or 1.85%, to 33,916.39, and the Nasdaq climbed 3%, or 382.60, to 12,871.53. The S&P 500 rose 2.5%….
“US stocks fall as Microsoft, Google kick off key tech earnings” US stocks were pounded in midday trading Tuesday — with heavy losses in the tech-heavy Nasdaq index – as investors braced for key earnings from Google parent Alphabet and Microsoft later in the afternoon. The tech giants are set to disclose quarterly results against…
“US stocks slide as economic worries mount ahead of crucial tech earnings” US stocks sold off in early trading on Monday in a sign of mounting investor anxiety as Wall Street enters a week of crucial earnings reports from major tech firms. The Dow Jones Industrial Average fell more than 230 points, or about 0.7%,…
“Dow plunges 800 points as Fed signals steeper rate hikes to combat inflation” The Dow suffered its worst one-day loss since October 2020 as investors weighed the possibility that the Federal Reserve could hike interest rates more than expected and digested days of disappointing earnings results. The S&P 500 fell 2.8%, closing out a third…