Nine days of decline in the Dow Jones Industrial Average has not been recorded since Jimmy Carter was in the White House, nearly a half century ago. Since December 4, 2024, when the Dow hit a record high of 45,014.04,…
Topline The blue chip Dow Jones Industrial Average staggered to its lengthiest stretch of declines since 1974, a rut marked Wednesday by a sharp broader selloff tied to a hawkish update from the Federal Reserve regarding further interest rate cuts.…
Investing.com – U.S. stocks were lower after the close on Wednesday, as losses in the , and sectors led shares lower. At the close in NYSE, the declined 2.58% to hit a new 1-month low, while the index declined 2.95%,…
U.S. stocks plummeted in one of their worst days of the year after the Federal Reserve forecast Wednesday it may deliver fewer shots of adrenaline for the economy in 2025 than it had earlier projected. The S&P 500 fell 178…
4-minute read Reuters | NorthJersey.com Trump: I won’t try to replace Fed chief Powell Donald Trump says he won’t try to oust Federal Reserve Chair Jerome Powell. Speaking to NBC News in an interview that aired Sunday, the president-elect said…
Traders work on the New York Stock Exchange (NYSE) floor in New York City. Spencer Platt | Getty Images Stock futures were little changed Wednesday night as investors digested a new, sobering reality for financial markets. Trading was volatile after…
(Reuters) -U.S. stocks plunged on Wednesday after the Federal Reserve cut interest rates by a quarter of a percentage point and the central bank’s economic projections signaled a slower pace of cuts next year. According to preliminary data, the S&P…
What’s New The Dow Jones Industrial Average, one of the three U.S. stock indexes, plummeted a little over 1,100 points after the Federal Reserve on Wednesday suggested it would cut interest rates just twice next year, rather than the four…
US stocks plummeted Wednesday after the Fed cut rates but dialed back the outlook for easing next year. The central bank cut rates by 25 basis points but projected only two rate cuts in 2025. Bond yields spiked as markets…
The Dow Jones Industrial Average opened higher but closed lower for a 10th consecutive trading session, and the S&P 500 and the Nasdaq Composite gave up early gains, too, as markets processed what could be the Federal Reserve’s last rate…
