Stocks surged at the open but were unable to sustain their gains a day after the Federal Reserve cut interest rates with hawkish intent, though the Dow Jones Industrial Average closed in the green for the first time since December…
The Dow Jones Industrial Average is experiencing its longest losing streak since 1978, falling for nine successive trading days. This marks a significant downturn, with the index dropping roughly 3%, or over 1,500 points, from its record close of 45,014…
Summers’ calls dea of national Bitcoin reserve ‘crazy’ Former US Treasury Secretary Lawrence Summers says the US does not need a national Bitcoin reserve. “Some of what is being said this idea that we should have some kind of national Bitcoin reserve…
Labor market data also surprised to the upside. Weekly jobless claims fell to 220,000, below the expected 230,000, signaling continued strength. Continuing claims edged lower to 1.87 million. Fed’s Hawkish Tone Weighs on Sentiment The Federal Reserve’s revised forecast of…
The Dow Jones Industrial Average snapped back on Thursday after the index dropped following the results from the Federal Reserve’s December meeting. During that meeting, the central bank announced a 25 basis point interest rate cut, which was expected. What…
NEW YORK (AP) — U.S. stocks are stabilizing Thursday following one of their worst days of the year, and indexes are clawing back about a third of those losses. The S&P 500 rallied 1.1% in early trading, a day after…
Stock futures are pointing higher Thursday following a steep downturn yesterday sparked by news that the Federal Reserve expects to make fewer interest rate cuts next year. Futures tied to the Dow Jones Industrial Average, S&P 500 and Nasdaq were…
US stock futures pointed to a rebound Thursday from the previous day’s sell-off that was fueled by a hawkish outlook from the Federal Reserve on its path for interest rates. Futures tied to the S&P 500 (ES=F) were up 0.5%,…
What’s New The Dow Jones Industrial Average reported its longest losing streak in 50 years this week, after tumbling 1,123 points or 2.6 percent on Wednesday—a record in itself, as it was the biggest point drop since September 2022, Forbes…
How are stock-index futures trading: Dow Jones Industrial Average futures increased 124 points, or 0.29%, to 42,905 S&P 500 futures increased 16 points, or 0.27%, to 5,956 Nasdaq 100 futures increased 37.25 points, or 0.16%, to 21,536 On Wednesday, the…
