Stocks spent July and part of August gaining ground on hopes that the Fed would ease up on its interest rate hikes.
Wall Street
Posted inBusiness
Stocks charge higher on Wall Street, erasing weekly losses
The indexes are now all in the green for the week, a welcome respite for traders after a recent slump.
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Stocks end mixed on Wall Street, S&P 500 ekes out a gain
The mixed finish comes as traders look ahead to the Labor Department’s latest monthly job market snapshot Friday.
Posted inBusiness, Nation & World
Dow drops 1,008 points on Fed chairman’s rates speech
Jerome Powell says further interest rate increases are in order to beat back the high inflation sweeping the country.
Posted inBusiness
Stocks fall broadly on Wall Street, extending market losses
The S&P 500 has its biggest slide since mid-June.
Posted inBusiness, Nation & World
Wall Street closes worst week since 2020 with slight gain
The S&P 500, the benchmark for many index funds in 401(k) accounts, edged up 0.2 percent Friday, but it still lost 5.8% for the week, its 10th weekly loss in the last 11.
Posted inBusiness, Nation & World
Wall Street tumbles on fears for economy as more rates rise
It fell with stocks across Europe after central banks there followed up on the Federal Reserve’s big interest-rate hike on Wednesday.
Posted inBusiness, Nation & World
Stocks rally after Fed’s big rate hike to fight inflation
The market’s ebullience is a sharp turnaround from the worldwide rout that has dominated much of this year.
Posted inBusiness, Nation & World
Fed attacks inflation with its largest interest rate hike since 1994
The move the Federal Reserve announced on Wednesday will increase its benchmark short-term rate, which affects many consumer and business loans, to a range of 1.5% to 1.75%.
Posted inBusiness, Nation & World
Stocks dip deeper into bear market ahead of big Fed news
Trading across markets nevertheless was calmer than during Monday’s worldwide rout, which sent the S&P 500 down 3.9%.