Wall Street’s main indexes closed sharply lower on Friday, after strong September employment data raised the likelihood that the Federal Reserve would press ahead with its campaign to raise interest rates that many investors fear will push the economy into recession.Despite this, the S&P 500 gained 1.5% for the week, while the Dow Jones and … Read more
IT sector is slipping Strong job market fuels fears on Wall Street 10/07/2022 11:03 p.m The latest US jobs report is surprisingly robust – not good news for Wall Street traders. They see this as a further indication of significantly rising interest rates and only access a few papers. Weak signals come mainly from the … Read more
Stocks also managed to gain despite facing market turmoil at Credit Suisse and disappointing deliveries from “Tesla”. “The market is oversold and sentiment is very negative, so a rebound, even if sharp, can happen at any time,” wrote Matt Malley, chief market strategist at Miller Tabak + Co. . He added, “The final bottom of … Read more
Wall Street’s main indexes rose at the open on Monday, after recording sharp declines last week, but losses for Tesla limited the Nasdaq’s gains after the world’s most valuable electric car company failed to meet its quarterly delivery targets. The Dow Jones Industrial Average rose 129.74 points, or 0.45%, to open at 28,855.25 points. The … Read more
Normal A disastrous third quarter .. and “Dow Jones” below 29 thousand points October 1, 2022 14:43 pm reading one minute Wall Street’s three major indices slid sharply in the weekend, month, and quarter session, and the Standard & Poor’s closed its biggest fall in September in two decades at the end of a turbulent … Read more
The New York Stock Exchange ended its session, Friday, with a decline, with the three major Wall Street indexes recording their lowest closing levels this year.The Dow Jones index fell by 1.70%, closing at its lowest level at the end of trading since early November 2020, and the Nasdaq lost 1.51%, while the broader S&P … Read more
U.S. stocks finished mixed Tuesday after swinging between gains and losses as investors parsed a spate of economic data and comments from Federal Reserve officials. All three indexes spent much of the morning in the green, then slipped by midday. The Dow Jones Industrial Average, which entered a bear market on Monday, fell 0.4% Tuesday … Read more