Wall Street Loses Ground Again
Wall Street racked up more losses Friday, as worries mounted that the Federal Reserve and other central banks are willing to bring on a recession if that’s what it takes to crush inflation. The S&P 500 fell 1.1%, its third straight drop. The Dow Jones Industrial Average dropped 0.8% and the Nasdaq composite lost 1%. The major indexes marked their second straight weekly loss.
The S&P 500 and Nasdaq composite each fell 0.7%, while the Dow Jones Industrial Average dropped 0.9%. Smaller company stocks fell even more, pulling the Russell 2000 index 1.2% lower. The indexes marked their first losing week in the last three.
The S&P 500 ended 0.1% lower after having been down as much as 1.2% earlier in the day. The Nasdaq composite also trimmed its deficit, falling 0.2%, while the Dow Jones Industrial Average eked out a 0.1% gain. The indexes all notched gains for the week.
A late-afternoon rally on Wall Street helped stocks close higher Friday, though the major indexes still wound up finishing lower for the week after several days of bumpy trading. The S&P 500 rose 0.5% after wavering between small gains and losses for much of the day. The Dow Jones Industrial Average rose 0.6% and the Nasdaq composite ended essentially flat after swinging between a 1% gain and an 0.8% drop.
Stocks turned lower on Wall Street in afternoon trading Friday, shedding all their gains from an early rally that followed the release of the government’s latest job market update. The report, which showed employers slowed their hiring in August, initially put traders in a buying mood, stoking cautious optimism that the Federal Reserve may not need to raise interest rates as aggressively in its ongoing bid to tame inflation. But the gains faded by mid-afternoon.
A late burst of buying erased some of the stock market’s losses Thursday, leaving indexes mixed on Wall Street at the closing bell.
Stocks fell again on Wall Street, posting their third loss in a row as traders worry that high interest rates are here to stay for a while. The S&P 500 fell 1.1% Tuesday, bringing its loss in the past three days to 5.1%. The Dow Jones Industrial Average and the Nasdaq also fell.
Stocks fell in afternoon trading on Wall Street Monday, as investors remain unnerved by the Federal Reserve’s pledge to keep interest rates high as long as it takes to tame inflation. The S&P 500 fell 0.3% as of 2:27 p.m. Eastern. The benchmark index fell 3.4% Friday, its biggest single-day drop since mid-June. The Dow Jones Industrial Average fell 70 points, or 0.2% to 32,212, following Friday’s 1,008 point decline. The Nasdaq fell 0.6%. Technology stocks were among the biggest weights on the market. Apple slipped 1.1%.
NEW YORK (AP) — Stocks are tumbling in disappointment Friday after the head of the Federal Reserve dashed Wall Street’s hopes that it may soon let off the brakes for the economy. The S&P 500 was 2.6% lower, and on track for its biggest drop in two months, after Jerome Powell said the Fed will […]
Another drop for stocks on Friday has pushed the S&P 500 index 20 percent below its peak set early this year. The benchmark index was down 2% for the day in early afternoon trading and on pace for its seventh straight losing week.
Dow Gains 153, Nasdaq Falls 23, S&P Rises 23
US stocks ended Friday mostly higher after another up-and-down day, The S&P 500 index rose 0.5% after spending the day veering between a gain of 0.6% and a 0.4% decline. The Dow Jones Industrial Average rose 0.4%, while the Nasdaq composite fell 0.2%.
Nearly every stock in the benchmark S&P 500 rose. It’s now up 0.6% for the week and has recovered from a from a sharp sell-off on Monday. The turnaround is more pronounced within the Dow, which is now up 0.8% for the week after having been down 1.9% for the week as of Tuesday.
Stocks were broadly higher on Wall Street Wednesday afternoon after the Federal Reserve signaled it may begin easing its extraordinary support measures for the economy later this year.
Stocks slumped on Wall Street Monday, mirroring losses overseas and putting the S&P 500 index on track for its biggest drop in almost a year.
It was a feeble ending to an up-and-down week of trading. The S&P 500 index lost 0.9%. The benchmark index had its second straight weekly loss. The Dow Jones Industrial Average fell 0.5% and the Nasdaq fell 0.9%.
The S&P 500 and Dow Jones Industrial Average hit fresh all-time highs on Friday as both indexes capped off modest gains for the week. The Dow finished the day up 15.53 points to close at a record 35,515.38, while the S&P 500 added 0.16% and finished at 4,468, a new closing record. The Nasdaq Composite ticked up just 0.04% to 14,822.90.
Dow Advances 464, Nasdaq Slips 5
Stocks mostly climbed Wednesday, except for tech issues, as inflation worries eased. The S&P 500 rose 0.6%, led by gains in energy and financial stocks. Technology companies fell, giving back some of their gains from a big rally a day earlier. The tech-heavy Nasdaq posted a small loss after an early gain faded.
Dow Advances 369, Nasdaq Climbs 191
Stocks closed higher Wednesday as investors regained some more confidence. The S&P 500 rose 1.7% as the market bounced back from a sudden drop on Tuesday that snapped the index’s three-day winning streak. Crude oil prices posted their fifth straight gain.
The sports daily fantasy and betting website DraftKings debuted as a publicly traded company Friday against a backdrop of a near-complete shutdown of athletic competition around the globe due to the coronavirus pandemic.
Dow Closes Down 14, Nasdaq Gains A Point
The stock market finished flat Friday after a wild start. Wall Street was unnerved by signs that the confrontation between the U.S. and Syria over Syria’s alleged use of chemical weapons on civilians was getting worse. One clear trend emerged: investors moved money into safer assets.