Investors are eagerly awaiting any clues about the Fed's plan for tapering asset purchases during Powell's speech on Friday.
One market expert said the stock decline is an "overdone reaction" to slumping retail sales and geopolitical tensions in Afghanistan.
US stocks were mixed on Tuesday on concerns over a slowdown in the economic recovery in light of a larger-than-expected drop in retail sales in July.
US stocks ended Wednesday mostly lower. Robinhood stock soared as the popular trading app notched a strong two-day gain.
US stocks fell Wednesday as investors digested data highlighting the continued struggle to hire workers amid the economic recovery.
US indices inched up after GDP grew at an annualized rate of 6.5% in the second quarter, missing the 8.5% jump estimated by economists.
US stocks finished the week strong with the S&P 500 and Nasdaq closing at record highs Friday on the back of stellar corporate earnings.
Shares of Snap and Twitter soared in early morning trading after both tech companies crushed earnings estimates.
US stocks fell at the market close on Tuesday as investors mulled inflation data that came in higher than expected.
US indexes dropped at the open Tuesday after the Consumer Price Index jumped more than economists expected.
The Dow fell sharply as the yield on the key 10-year US Treasury note slipped for the fourth consecutive day to 1.289%.
US stocks rose as the Fed's FOMC minutes signaled little changes to the central bank's narrative on inflation, interest rates, and asset purchases.
Investors will be eagerly searching for clues on the Fed's approach to inflation and its plan to taper asset purchases in the FOMC minutes.
The S&P 500 is up 14% for 2021, the second-highest first-half gain since 1998. Chinese ride hailing giant Didi soared in its first day of trading.
Stocks opened lower despite private payrolls increasing more than expected in June. Oil rallied ahead of an OPEC+ meeting on Thursday.
The benchmark index had its best week since February, an investors digested economic data and remain optimistic inflation will be temporary.
Fed chairman Jerome Powell reiterated his outlook that inflation will be transitory in a congressional testimony on Tuesday.
Fed Chair Powell will testify before Congress on the central bank's response to the pandemic. Bitcoin slid below $30,000 for the first time since January.
The FOMC is expected to hold interest rates unchanged and announce no changes to its asset purchases when the decision is released at 2 p.m ET today.
US stocks fell and yields rose after Fed officials signaled they may begin dialing back accommodative stimulus that has fueled the economic recovery.
The S&P 500 hit a record high for the second trading day in a row as investors awaited a key Fed decision. Bitcoin rallied above $40,000.
Investors are eagerly awaiting for a signal from the Fed later this week about a timetable for scaling back its ultra-accommodative policy.
US stocks slipped at the close after nearing record highs. Bitcoin rose as El Salvador became the first country to establish the coin as legal tender.
The broader market seems to be in a "holding pattern" as investors wait for Thursday's inflation report, said Craig Johnson, Piper Sandler chief market technician.
US stocks pared earlier losses but closed lower on Thursday as investors mulled a new report that Biden may be open to a lower tax hike.
All major US indices were down as investors mulled how strong jobless data will impact Fed policy and inflation. AMC slipped after announcing a stock sale.
US stocks ended higher Wednesday as small-caps took the lead. Frenzied meme-stock trading in GameStop, AMC, and other names continued.
US stocks opened higher Wednesday. More central bank officials joined in this week to reiterate the Fed's belief that inflation will be transitory.
US stocks finished well off their intraday lows as investors digested the Fed's minutes and concerns over inflation.
Tech names lead losses on Wednesday as concerns about overheating inflation and global coronavirus cases worry investors.
US stocks tumbled into the close after as key inflation data came in significantly higher than expected Wednesday.
US stocks fell Wednesday morning after data showed inflation measured by the Consumer Price Index rose 4.2% in April, the most since 2008.
FAANG stocks all fell at least 2% Monday as inflation fears weighed on the tech-heavy Nasdaq. The index closed lower by more than 2%.
The Nasdaq dipped Monday morning while the Dow hit records, as soaring copper and iron ore futures stoked fears over rising inflation.
Tech stocks led losses with shares of Apple,Tesla, and Amazon sinking into the close following comments from Janet Yellen that interest rates may need to rise.
US stocks dropped at the open Tuesday as the economic reopening trade lost steam and major airline and cruise stocks fell.
US stocks ended lower on Wednesday after the Fed held rates near zero and maintained the pace of asset purchases of at least $120 billion per month.
US indexes were mixed at the open as investors awaited the Fed's policy decision today. Microsoft and Google reported earnings that beat expectations.
US stocks closed higher as strong economic data outweighed investors' fears of the capital gains tax hike proposed by President Joe Biden.
US stocks were mixed on Friday as traders continued to digest Biden's potential capital gains tax hike, which sparked a selloff Thursday.
US stocks sharply reversed Thursday following a report that Biden plans to nearly double the capital gains tax rate for wealthy Americans.
US stocks were mixed Thursday as the number of Americans filing for unemployment hit a pandemic-era low and global COVID-19 cases continued to rise.
US stocks gained to finish off the week with the Dow and S&P 500 closing at record highs. Dogecoin staged a more than 100% gain at highs.
US housing starts rose to a 15-year high and China said its economy grew 18% in the first quarter of 2021.
US stocks slipped from records as the economic-optimism fueled recovery took a breather Monday. Intel fell after Nvidia announced plans to manufacture its own CPU processor.
In an interview with CBS, Jerome Powell said that the US is at an "inflection point" and is likely to see a boom in growth and hiring, but still faces threats from COVID-19.
Details of the meeting will reveal how the central bank is viewing the path to economic recovery and the potential for inflation ahead.
US stocks were mixed Wednesday as investor optimism around the economic recovery sparked tech stock selling and put downward pressure on the Nasdaq.
US stocks rebounded after a sharp sell-off the previous day, with the tech-heavy Nasdaq leading the rally. A blockage in the Suez Canal boosted oil.
Tech stocks rallied Friday after tumbling 3% the prior day amid fears that the economic recovery will spur runaway inflation.
The investor fears around inflation that drove much of the market volatility appeared to be cooling before the Fed decision.
Stocks gained at the close as investors remained optimistic on economic growth and fresh stimulus checks landed in bank accounts.
US stocks rose as investors cheered the passage of the stimulus bill. Bitcoin retreated after reaching a record high above $61,000 over the weekend.
US stocks gained on Wednesday as the House passed a $1.9 trillion stimulus bill that will now be sent to the president to sign into law.
US stocks gained as CPI data came in line with economist expectations, easing some inflation concerns. The House is set to vote on the stimulus bill.
US stocks rebounded after struggling this week as dip-buyers helped lift mega-cap tech stocks out of correction territory.
US stocks erased losses as traders digested the strong jobs report and rising yields.The 10-year treasury extended its surge to top 1.61%.
Tech stocks led losses in the Nasdaq and S&P 500 after a strong rally on Monday led investors to take profits.
US stocks were mixed on Tuesday after the S&P 500 had its best daily gain since June on Monday.
Tech stocks led a steep decline in US stocks as the 10-year Treasury yield spiked to its highest point in a year.
Initial jobless claims dropped more than expected. The "meme stock" trade is heating back up with shares of GameStop, AMC, and Koss rallying.
All three major indices dipped Wednesday morning as Wall Street awaits a basket of earnings and a Fed decision this afternoon. GameStop continued its meteoric rise following a tweet from Elon Musk. Microsoft posted a 17% rise in sales in the latest quarter. Sign up here for our daily newsletter, […]
US stocks rose on Tuesday as investors awaited the results of the key Georgia Senate run-off elections that will determine which party controls the US Senate. Oil prices soared as much as 5% on Tuesday after Saudi Arabia announced a surprise oil production cut. Watch major indexes update live here. […]
US stocks pulled back from record highs on Tuesday as hopes for $US2,000 direct stimulus payments faded. Senate Majority Leader Mitch McConnell blocked an attempt by Democrats to hold a vote on the $US2,000 checks but said that the Senate would “begin a process” of considering a proposal to send […]
US stocks gained as investors maintained optimism for Democrats and Republicans to pass fresh stimulus ahead of the November elections. House Speaker Nancy Pelosi expedited talks on Sunday, setting a 48-hour deadline for the White House and Democrats to reach a compromise. Even if a deal is reached, it’s set […]
The Dow Jones industrial average erased its 2020 losses on Thursday as stocks rallied on the Federal Reserve’s new monetary policy framework. The 30-stock index gained as much as 1.1% in the session. Microsoft and Walmart led the index higher following news of their joint bid for TikTok. The Dow […]
The Dow Jones Industrial Average triggered a widely followed technical buy signal on Thursday, suggesting more upside in stocks ahead. The golden cross is a moving average crossover strategy employed by technical analysts to signal when to buy a security. The golden cross is triggered when a short-term moving average, […]
All three major US stock indexes tumbled on Wednesday as retail-sales data and quarterly earnings reports reflected the harm of the coronavirus outbreak. Shares of Goldman Sachs, Citigroup, and Bank of America slipped after all three firms reported quarterly profit declines of at least 45%. The Commerce Department announced that […]
Stocks dropped for the second day in a row as coronavirus volatility dragged risk-asset prices deeper into correction territory. All major US indices declined as the outbreak’s infection count passed 100,000 and investors continued running to safe havens. The S&P 500 sank as much as 3.6%, erasing all gains made […]
US stocks tanked the most since the 2008 financial crisis this week as coronavirus fears caught up with investors. The S&P 500 and the Dow Jones industrial average entered correction territory as virus cases soared, economists lowered growth estimates, and companies withdrew revenue forecasts. While the infection rate in China […]
All major US equity indexes plunged more than 4.4% on Thursday, with each entering correction territory. That means they have both fallen more than 10% from recent highs. The Stoxx Europe 600 also entered correction territory. The S&P 500’s 4.4% decline marked its biggest since August 2011, while the Dow […]
All major US equity indices plunged Thursday, with the S&P 500 and Dow Jones industrial average entering correction territory. That means they have both fallen more than 10% from recent highs. A Stoxx Europe 600 also entered correction territory. The sell-off comes amid worsening news surrounding the ongoing coronavirus outbreak. […]
The Dow Jones Industrial Average soared past 29,000 for the first time ever on Friday, hitting a new record as the historic bull market tears higher in the new year. The 30-stock index climbed 48 points higher to breach the psychological threshold, driven by gains in Pfizer, Apple, and Coca-Cola. […]
Global markets are rallying today, with Asian markets closing on the up and European markets rising on open. US equities are looking up after a punishing week which saw a major yield curve inversion and continued trade war escalation. “Although treasury yields are climbing away from record lows on Friday […]
US stocks are set to rally after equities crashed on Wednesday over recession fears. The Dow fell 800 points on Wednesday, with the S&P 500 and Nasdaq both falling roughly 3%. Asian stocks closed mixed while European equities bounced back from yesterday’s rout. View Markets Insider homepage for more stories. […]
Global stocks and US futures fell after US President Donald Trump accused China of scuppering the two nations’ trade talks. The news fanned fears that his threatened tariff increases on $US200 billion of Chinese goods will kick in on Friday. “China broke the deal,” Trump said at a rally on […]
Dow began trading on the Down Jones Industrial Average on Tuesday after being spun off from parent DowDuPont. The 120-year-old company is listed on the New York Stock Exchange. Watch Dow trade live. The 120-year-old Dow will join the Dow Jones Industrial Average as an independent company after re-listing on […]
Fears of a US recession reached new highs during Asian trading hours Monday on the back of bond-market warnings. US futures were only slightly lower in trading after a brutal session Friday. Nasdaq futures were down 0.3% early Monday, while European markets were mixed. Asian stocks closed in the red […]
Boeing stock dropped more than 2% in trading Wednesday afternoon after President Trump ordered the grounding of the 737 Max aircraft. The emergency order follows calls by a number of US lawmakers to ground the plane. Watch Boeing trade live. President Trump ordered the grounding of all 737 Max aircraft […]
Boeing shares are set to drop at least 9% when markets open on Monday, wiping about $US21.5 billion off the company’s market capitalisation. Questions are being asked about the manufacturer after its Boeing 737 MAX 8 aircraft crashed on an Ethiopian Airlines flight to Kenya Sunday morning, the second deadly […]
Stocks jumped Tuesday as strong earnings and economic data lifted spirits on Wall Street. The three major US indices had shed about 4% during a sell-off last week. Watch US stocks trade in real time here. Stocks rose sharply Tuesday as strong earnings reports helped lift spirits on Wall Street […]
Good morning. To the scoreboard: Dow: 26,562.05 -181.45 (-0.68%) S&P 500: 2,919.37 -10.30 (-0.35%) AUD/USD: 0.7252 -0.0025 (-0.34%) ASX200 SPI futures (December contracts): 6,182 (-6) 1. Benchmark crude oil rose above $US81 a barrel overnight for the first time since 2014. It followed OPEC’s decision at the weekend not to […]
Fox News hosts and analysts spent Tuesday morning arguing that Monday’s stock market meltdown is irrelevant to average Americans. The network has spent months promoting the Trump administration’s claim that the market’s health is a result of the president’s policies and promises. Fox News hosts shifted their rhetoric around the […]
Shares of General Electric are down 4% ahead of Tuesday’s opening bell after the company said it will take a $US6.2 billion charge to its legacy long-term care insurance business. GE Capital, the company’s finance unit, will inject $US15 billion over seven years into the North American Life & Health […]
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VIDEO: Monday was a terrible day for the markets. This video may give you some perspective.
VIDEO: Stocks are being crushed this week. Should you be worried? This video might ease your mind.
We just witnessed the worst week for the US stock market in four years.
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