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“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…
“Stocks ‘mystery rally’ 60 seconds before inflation numbers hit: report” A surge in trading activity in the 60 seconds before the release of critical November inflation data this week has sparked speculation that the closely watched report was prematurely leaked. Stock futures surged more than 1% just before the November edition of the Consumer Price…
“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%,…
“Elon Musk’s view of this investing strategy: ‘ESG is the devil’” Elon Musk evidently has a diabolical view of environmental, social and corporate governance – more commonly referred to as “ESG.” His comments came in response to a Sunday Twitter post from small business expert and advisor Carol Roth. “Remember when @ElonMusk wanted to bring free speech to Twitter…
“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…
“Chip stocks slide as Samsung, AMD expect big drop in demand” Dire forecasts from Samsung Electronics and Advanced Micro Devices sent chip-related shares lower on Friday, sparking fears that a slump in demand for semiconductors could be much worse than expected. AMD, Nvidia, Intel, Qualcomm and Micron Technology were down between 2.9% and 14%, weighing on smaller peers…
“Why Wall Street has soured on Mark Zuckerberg, Facebook” Wall Street analysts are bearish on Facebook’s parent company Meta as the social network continues to hemorrhage users migrating to upstart rival TikTok. “I’m not sure there’s a core business that works anymore at Facebook,” Needham analyst Laura Martin told CNBC on Friday. While Facebook maintains…
“CNBC’s Joe Kernen challenges Buttigieg on inflation” CNBC anchor Joe Kernen took Transportation Secretary Pete Buttigieg to task on Friday for the Biden administration holding a celebration on the same day that a worse-than-expected August inflation report caused stocks to tank. President Biden held a party on the White House’s South Lawn on Tuesday to…