Tag Archives: Wall Street

Wall Street ticks toward another record as Tesla vrooms higher

Wall Street ticks toward another record as Tesla vrooms higher

NEW YORK (AP) — Wall Street is ticking toward another record. The S&P 500 climbed 0.5% Monday and was on track to top its latest all-time high set last week. The Dow Jones Industrial Average added 31 points, and the Nasdaq composite climbed 0.9%. Tesla jumped after Elon Musk bought stock worth roughly $1 billion in it, potentially signaling his faith in the electric vehicle company. The week’s main event will arrive Wednesday, when traders expect the Federal Reserve to announce its first cut to interest rates of the year. Perhaps more important will be whether it hints more cuts are coming, as Wall Street also expects.… Continue Reading

US hiring stalls with employers reluctant to expand in an economy grown increasingly erratic

US hiring stalls with employers reluctant to expand in an economy grown increasingly erratic

WASHINGTON (AP) — The American job market, a pillar of U.S. economic strength since the pandemic, is crumbling under the weight of President Donald Trump’s erratic economic policies. Uncertain about where things are headed, companies are reluctant to hire, leaving agonized jobseekers unable to find work and worrying the consumers (70% of U.S. economic activity) whose spending has driven impressive growth for the world’s biggest economy since the COVID-19 disruptions of 2020. The Labor Department reported Friday that U.S. employers — companies, government agencies and nonprofits — added just 22,000 jobs last month, down from a 79,000 in July and well below the 80,000 that economists had expected. The unemployment rate ticked up to 4.3% last month, the highest since 2021.… Continue Reading

US stocks sink under the weight of rising pressure from the bond market

US stocks sink under the weight of rising pressure from the bond market

NEW YORK (AP) — Wall Street fell under the weight of pressure from the bond market. The S&P 500 slipped 0.7% Tuesday. The Dow Jones Industrial Average lost 0.5%, and the Nasdaq composite dropped 0.8%. Big Tech stocks that have received criticism after their prices shot higher in recent years were the heaviest weights on the market. Rising yields in the bond market cranked up the pressure for all kinds of stocks. Worries about mounting debt loads for governments worldwide, plus President Donald Trump’s attacks on the Federal Reserve, have pushed yields higher. When bonds pay more interest, investors are less willing to pay high prices for stocks.… Continue Reading

US stocks sink under the weight of rising pressure from the bond market

US stocks sink under the weight of rising pressure from the bond market

NEW YORK (AP) — Wall Street fell under the weight of pressure from the bond market. The S&P 500 slipped 0.7% Tuesday. The Dow Jones Industrial Average lost 0.5%, and the Nasdaq composite dropped 0.8%. Big Tech stocks that have received criticism after their prices shot higher in recent years were the heaviest weights on the market. Rising yields in the bond market cranked up the pressure for all kinds of stocks. Worries about mounting debt loads for governments worldwide, plus President Donald Trump’s attacks on the Federal Reserve, have pushed yields higher. When bonds pay more interest, investors are less willing to pay high prices for stocks.… Continue Reading

Stocks pull back from their latest all-time highs on Wall Street

Stocks pull back from their latest all-time highs on Wall Street

Stocks lost ground on Wall Street a day after the market hit its latest all-time highs. The S&P 500 fell 0.6% Friday. The index ended August up 1.9%, its fourth straight month of gains. The Dow Jones Industrial Average fell 92 points, or 0.2%. The Nasdaq composite fell 1.2%. Treasury yields were mixed in the bond market. The government said prices mostly held steady last month. European markets were mostly lower and Asian markets closed mixed. U.S. markets will be closed on Monday for the Labor Day holiday.… Continue Reading

A late push sends Wall Street near its records

A late push sends Wall Street near its records

Stocks closed higher on Wall Street after an afternoon push left major indexes just below their recent records. The S&P 500 rose 0.4% Tuesday after drifting between small gains and losses for much of the day. The Dow Jones Industrial Average added 0.3%, and the Nasdaq composite rose 0.4%. Boeing rose 3.5% after Korean Air announced a $50 billion deal with the company that includes buying more than 100 aircraft. Dish Network parent EchoStar surged 70.2% after AT&T said it will buy some of its wireless spectrum licenses in a $23 billion deal. Treasury yields held steady.… Continue Reading

Wall Street steadies after Nvidia, Palantir and other AI stars trim their losses

Wall Street steadies after Nvidia, Palantir and other AI stars trim their losses

NEW YORK (AP) — U.S. stock indexes ended mixed after Nvidia, Palantir and other superstar stocks pared most of their steep losses from the morning. The S&P 500 dipped 0.2% Wednesday after trimming a loss that reached 1.1% earlier in the day. The Dow Jones Industrial Average added 16 points, and the Nasdaq composite fell 0.7%. The day’s action again centered around stocks caught up in the mania around artificial-intelligence technology. These stocks are facing criticism that their prices shot too high, too fast and became too expensive. Several big U.S. retailers including Target turned in mixed financial results. Treasury yields eased.… Continue Reading

Wall Street steadies after Nvidia, Palantir and other AI stars trim their losses

Wall Street steadies after Nvidia, Palantir and other AI stars trim their losses

NEW YORK (AP) — U.S. stock indexes ended mixed after Nvidia, Palantir and other superstar stocks pared most of their steep losses from the morning. The S&P 500 dipped 0.2% Wednesday after trimming a loss that reached 1.1% earlier in the day. The Dow Jones Industrial Average added 16 points, and the Nasdaq composite fell 0.7%. The day’s action again centered around stocks caught up in the mania around artificial-intelligence technology. These stocks are facing criticism that their prices shot too high, too fast and became too expensive. Several big U.S. retailers including Target turned in mixed financial results. Treasury yields eased.… Continue Reading

Palantir, Nvidia and other AI stars dim as Wall Street pulls further from its records

Palantir, Nvidia and other AI stars dim as Wall Street pulls further from its records

NEW YORK (AP) — Wall Street is edging further from its records. The S&P 500 fell 0.3% Tuesday and is on track for a third straight modest loss after setting its all-time high last week. The Dow Jones Industrial Average added 86 points, and the Nasdaq composite was down 1%. Drops for Palantir Technologies, Nvidia and other stars bid up because of the mania around artificial-intelligence technology led the declines. Home Depot helped lift the Dow after standing by its forecast for profit and revenue this year. Treasury yields fell in the bond market on expectations for coming cuts for interest rates.… Continue Reading

Most US stocks fall after a disappointing inflation update, but Big Tech keeps Wall Street steady

Most US stocks fall after a disappointing inflation update, but Big Tech keeps Wall Street steady

NEW YORK (AP) — Most stocks are falling on Wall Street following a disappointing update on inflation. But gains for Amazon and other influential Big Tech companies are helping to mask the losses on Thursday, and the S&P 500 rose 0.1% even though three out of every four stocks within the index fell. The Dow Jones Industrial Average dipped 79 points, and the Nasdaq composite added 0.2% to its own record. The hotter-than-expected inflation report forced traders to second guess the widespread consensus that the Federal Reserve will deliver relief next month by cutting interest rates. Treasury yields rose.… Continue Reading

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