Tag Archives: Stock Market

Wall Street clocks another winning week

Wall Street clocks another winning week

Stocks rose on Wall Street, marking their third winning week in the last four. The S&P 500 rose 0.8% Friday, leaving the index just shy of the record it set last week. The Dow Jones Industrial Average climbed 0.5%, and the Nasdaq composite added 1% to the record it set a day earlier. Expedia and Gilead Sciences rose sharply after reporting results that easily beat analysts’ forecasts. Both companies also raised their outlooks. Asian markets closed mostly lower except in Tokyo, where the Nikkei rose 1.9%. European markets were mixed. Treasury yields rose in the bond market.… Continue Reading

Dow leaps 585 points as US stocks win back most of Friday’s wipeout

Dow leaps 585 points as US stocks win back most of Friday’s wipeout

NEW YORK (AP) — U.S. stocks rallied and won back most of their sharp loss from last week. The S&P 500 jumped 1.5% Monday to follow up its worst day since May with its best since May. The Dow Jones Industrial Average climbed 585 points, or 1.3%, and the Nasdaq composite leaped 2%. Gains for Tyson Foods and other companies following their better-than-expected profit reports helped offset a drop for Berkshire Hathaway. This upcoming week may have fewer fireworks on Wall Street than last week, which was punctuated by a disappointingly weak report on the U.S. job market.… Continue Reading

Wall Street coasts for now ahead of a week packed with potential flashpoints

Wall Street coasts for now ahead of a week packed with potential flashpoints

NEW YORK (AP) — U.S. stocks coasted to a quiet finish to begin a week full of potentially market-moving events. The S&P 500 edged up by less than 0.1% on Monday to set an all-time high for a sixth straight day. The Dow Jones Industrial Average slipped 0.1%, and the Nasdaq composite added 0.3% to its own record. Stocks held steady after the United States and European Union agreed on the framework for a trade deal, one that still has many details to be worked out. Later this week will come Big Tech profit reports, a decision on interest rates by the Federal Reserve and other highly anticipated updates.… Continue Reading

Wall Street coasts for now ahead of a week packed with potential flashpoints

Wall Street coasts for now ahead of a week packed with potential flashpoints

NEW YORK (AP) — U.S. stocks are coasting following their record-setting run. The S&P 500 was flat on Monday after setting an all-time high in each of last week’s five days. The Dow Jones Industrial Average slipped 8 points, and the Nasdaq composite climbed 0.2%. Stocks were relatively steady after the United States and European Union agreed on the framework for a trade deal, one that still has many details to be worked out. This upcoming week is full of potential flashpoints that could shake markets, including Big Tech profit reports and the Federal Reserve’s latest decision on interest rates.… Continue Reading

US stocks hit more records following US-Japan trade deal

US stocks hit more records following US-Japan trade deal

NEW YORK (AP) — U.S. stocks rose to more records following a trade deal between the world’s No. 1 and No. 4 economies. The S&P 500 climbed 0.8% Wednesday, setting another all-time high. The Dow Jones Industrial Average jumped 507 points, and the Nasdaq composite gained 0.6% to hit its own record. Stocks rallied even more in Tokyo after President Donald Trump announced a deal that would place a 15% tax on imports from Japan. That’s lower than the 25% rate that Trump had earlier threatened. Big U.S. companies continued to offer updates about how Trump’s tariffs are affecting them, and Treasury yields rose.… Continue Reading

Wall Street ticks up to another record as GM and others show how tariffs are impacting them

Wall Street ticks up to another record as GM and others show how tariffs are impacting them

NEW YORK (AP) — Wall Street inched to another record following some mixed profit reports, as General Motors and other big U.S. companies gave updates on how much President Donald Trump’s tariffs are hurting or helping them. The S&P 500 rose 0.1% Tuesday to beat the all-time high it set a day earlier. The Dow Jones Industrial Average added 0.4%, and the Nasdaq composite fell 0.4% from its record. General Motors dropped despite reporting a stronger profit than expected, as it still sees a $4 billion to $5 billion hit this year because of tariffs. Homebuilders soared following their better-than-forecast profit reports. Treasury yields eased.… Continue Reading

US stocks set more records as Verizon begins a big week for profit reports with a beat

US stocks set more records as Verizon begins a big week for profit reports with a beat

NEW YORK (AP) — U.S. stocks are rising toward more records ahead of a week full of profit updates from big U.S. companies. The S&P 500 rose 0.6% Monday and was above its all-time high set on Thursday. The Dow Jones Industrial Average climbed 217 points, and the Nasdaq composite added 0.7% to its own record. Verizon Communications helped lead the way following its better-than-expected profit report. Other market heavyweights slated to report their results for the spring this week include Alphabet, Coca-Cola and Tesla. Stock indexes were mixed in Europe but rose in much of Asia, while Treasury yields eased in the bond market.… Continue Reading

Wall Street hangs near its record as PepsiCo and United Airlines fly and health care stocks sink

Wall Street hangs near its record as PepsiCo and United Airlines fly and health care stocks sink

NEW YORK (AP) — Wall Street is hanging near its records following some better-than-expected updates on the economy and a mixed set of profit reports from big U.S. companies. The S&P 500 rose 0.2% Thursday and was just below its all-time high set last week. The Dow Jones Industrial Average added 59 points, and the Nasdaq composite tacked 0.1% onto its record set the day before. PepsiCo jumped after delivering revenue and profit that topped Wall Street’s expectations. That helped offset drops for some big health care companies following their latest profit reports. Treasury yields were mixed after better-than-expected reports on retail sales and unemployment claims.… Continue Reading

The tariff-driven inflation that economists feared begins to emerge

The tariff-driven inflation that economists feared begins to emerge

WASHINGTON (AP) — Inflation rose last month to its highest level since February as President Donald Trump’s sweeping tariffs push up the cost of a range of goods, including furniture, clothing, and large appliances. Consumer prices rose 2.7% in June from a year earlier, the Labor Department said Tuesday, up from an annual increase of 2.4% in May. Worsening inflation poses a political challenge for Trump, who promised during last year’s presidential campaign to immediately lower costs only to engage in a whipsawed frenzy of tariffs. Trump has declared that the U.S. effectively has no more inflation as he has attempted to pressure Federal Reserve Chair Jerome Powell into cutting short-term interest rates.… Continue Reading

Wall Street holds near its record amid doubts about Trump’s tariffs

Wall Street holds near its record amid doubts about Trump’s tariffs

NEW YORK (AP) — U.S. stock indexes held near their records following President Donald Trump’s latest updates to his tariffs, as speculation continues that he may ultimately back down on them. The S&P 500 edged up by 0.1% Monday. The Dow Jones Industrial Average added 0.2%, and the Nasdaq composite rose 0.3%. Stock indexes fell in Europe but were mixed elsewhere after Trump announced 30% tariffs on goods from Mexico and the European Union. They won’t take effect until Aug. 1, which leaves time for more negotiations. Treasury yields held steady in the bond market, while bitcoin rallied at the start of Washington’s “Crypto Week.”… Continue Reading

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