stock market

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Benchmark S&P Closes at Highest Level Since August

Wall Street happy about debt ceiling and hopeful about rate hikes

(Newser) - Wall Street rose Thursday on hopes the Federal Reserve may soon take it easier on rate hikes and on relief over House passage of the debt ceiling deal .
  • The Dow rose 153 points, or 0.4%, to 33,061.
  • The benchmark S&P 500 rose 41 points, or 0.9%,
...

Stocks Slump on Wall Street, Worldwide
Advance Auto Parts
Plunges 35%
MARKETS
May 31, 2023 3:53 PM CDT

Advance Auto Parts Plunges 35%

Ford, Nvidia also dropped on a rough day for Wall Street and markets worldwide

(Newser) - Wall Street slipped as stocks slumped worldwide Wednesday on worries about the strength of the global economy and inflation. The S&P 500 fell 25.69, or 0.6%, to 4,179.83. The Dow Jones Industrial Average dropped 134.51, or 0.4%, to 32,908.27, and the...

Nvidia Up Another 3% in Mixed Day for Wall Street

Dow, S&P 500 were flat in first trading since debt deal was announced

(Newser) - Wall Street ended mixed Tuesday as a long list of worries loomed over the market, even if the most pressing crisis seems to be calming after Washington moved to avoid a default on its debt. The S&P 500 edged up by 0.07, or less than 0.1%, to...

AI-Fueled Tech Gains Boost the Market Again
AI-Fueled Tech Gains
Boost the Market Again
MARKETS
May 26, 2023 3:15 PM CDT

AI-Fueled Tech Gains Boost the Market Again

Dow jumps more than 300 points

(Newser) - Stocks climbed Friday, boosted by more tech gains related to artificial intelligence and rising hopes that a deal is close in the debt-ceiling talks .
  • The Dow rose 324 points, or 0.9, to 33,093.
  • The S&P 500 rose 54 points, or 1.3%, to 4,205.
  • The tech-focused
...

Chipmaker Nvidia&#39;s Surge Powers Tech Stocks
Chipmaker Nvidia's Surge
Powers Tech Stocks
MARKETS
May 25, 2023 3:15 PM CDT

Chipmaker Nvidia's Surge Powers Tech Stocks

Nasdaq jumps 1.7%, even as the Dow slips a bit

(Newser) - Wall Street's building mania around artificial intelligence helped lift the stock market Thursday, even as worries worsen about political rancor in Washington. The benchmark S&P 500 rose 36 points, or 0.8%, to 4,151 after chipmaker Nvidia gave a monster forecast for upcoming sales as it benefits...

Stocks Slide on Wall Street, Worldwide
Stocks Slide
on Wall Street,
Worldwide
MARKETS
May 24, 2023 3:54 PM CDT

Stocks Slide on Wall Street, Worldwide

Dow drops 256 points amid debt deal worries

(Newser) - Wall Street fell again Wednesday, part of a worldwide swoon for stocks as worries about the economy pile higher. The S&P 500 fell 30.34 points, or 0.7%, to 4,115.24 after House Speaker Kevin McCarthy said Republicans and Democrats remain far apart in efforts to prevent...

Stocks Slide as Debt Worries Worsen
Stocks Slide as
Debt Worries Worsen
MARKETS
May 23, 2023 3:57 PM CDT

Stocks Slide as Debt Worries Worsen

'Every minute that goes by raises the urgency'

(Newser) - Stocks slid on Wall Street Tuesday as the US government crept closer to the edge of a potentially disastrous default on its debt. The S&P 500 fell 47.05 points, or 1.1%, to 4,145.58 Tuesday as Democrats and Republicans still haven’t agreed on a deal...

Stocks Drifts to Mixed Close Ahead of Debt Limit Talks
Wall Street Awaits Result
of Debt Limit Talks
MARKETS
May 22, 2023 3:47 PM CDT

Wall Street Awaits Result of Debt Limit Talks

Meta was among the winners despite EU fine

(Newser) - Stocks drifted to a mixed close as Wall Street waited to see whether a pivotal meeting later in the day would help the US government avoid a potentially disastrous default on its debt. The S&P 500 rose 0.65 points, or less than 0.1%, to 4,192.63....

Fed Chief&#39;s Comments Keep Losses in Check
Fed Chief's Comments
Keep Losses in Check
MARKETS
May 19, 2023 3:13 PM CDT

Fed Chief's Comments Keep Losses in Check

Powell suggests rate hikes are working, steadying the markets' debt-ceiling worries

(Newser) - The stock market had a seesaw day on Friday, with one development sending it downward and a second one putting the brakes on that freefall. In the end, the major indexes finished with modest losses:
  • The Dow fell 109 points, or 0.2%, to 33,426.
  • The S&P 500
...

Traders Welcome Profit Reports
Traders Welcome Profit Reports
markets
May 18, 2023 3:49 PM CDT

Traders Welcome Profit Reports

Walmart revises forecast for the year after strong quarter

(Newser) - Stocks rose again Thursday after more companies reported better profits than expected, while yields climbed after a Federal Reserve official cautioned the end to its interest rate hikes may not arrive as soon as Wall Street hoped.
  • The S&P 500 rose 39.28 points, or 0.9%, to 4,
...

Stocks Rise on Hopes of Debt Ceiling Deal
Stock Jump on Hopes
of Deal on Debt Limit
MARKETS
May 17, 2023 3:44 PM CDT

Stock Jump on Hopes of Deal on Debt Limit

Target rises 2.6% after reporting encouraging figures

(Newser) - Wall Street rose Wednesday along with hopes that the US government can avoid a default on its debt. The S&P 500 rose 48.87 points, or 1.2%, to 4,158.77. The Dow Jones Industrial Average rose 408.63 points, or 1.2%, to 33,420.77. The...

Home Depot,Energy Stocks Weigh Down Market
Home Depot Adds to
Wall Street's Worries
MARKETS
May 16, 2023 3:45 PM CDT

Home Depot Adds to Wall Street's Worries

Retailer drops 2.2% after warning of flagging sales

(Newser) - Stocks on Wall Street sank Tuesday after Home Depot warned of flagging sales, the latest discouraging signal for an economy under pressure. The S&P 500 fell 26.38 points, or 0.6%, to 4,109.90. The Dow Jones Industrial Average dropped 336.46, or 1%, to 33,012....

Stocks Edge Higher Ahead of Key Spending Report
Stocks Drift Higher
Ahead of Spending Report
MARKETS
May 15, 2023 3:49 PM CDT

Stocks Drift Higher Ahead of Spending Report

But investors are still worried about banking system, possible US debt default

(Newser) - Wall Street ticked higher Monday ahead of reports that will show how much a slowing economy is hurting what’s prevented a recession so far: solid spending by US households. The S&P 500 rose 12.20, or 0.3%, to 4,136.28, the latest tick higher in what'...

Nervous Consumers Put a Damper on Wall Street
Nervous Consumers Put
a Damper on Wall Street
MARKETS
May 12, 2023 3:20 PM CDT

Nervous Consumers Put a Damper on Wall Street

All the major indexes fall slightly

(Newser) - Wall Street ended a listless week on a sour note Friday, though losses were trimmed to modest ones in late trading. Disappointing consumer sentiment contributed to the generally downbeat day.
  • The Dow slipped 8 points to 33,300.
  • The benchmark S&P 500 fell 6 points to 4,124 for
...

Stock Market Slips, and Disney Gets the Blame
Stock Market Slips,
and Disney Gets the Blame
markets
May 11, 2023 3:15 PM CDT

Stock Market Slips, and Disney Gets the Blame

Company lost streaming subscribers, which worries analysts

(Newser) - Wall Street slipped on Thursday, weighed down by a sharp drop for the Walt Disney Co. and flaring fears about the health of some US banks.
  • The Dow fell 221 points, or 0.6%, to 33,309.
  • The S&P 500 fell 7 points, or 0.1%, to 4,130.
...

Big Tech Stocks Rise After Good News on Inflation

But Airbnb was on the losing side

(Newser) - Wall Street closed slightly higher Wednesday after a report showed inflation is making strides toward easing, even if it remains too high. The S&P 500 rose 18.47, or 0.4%, to 4,137.64 after swinging between gains and losses through the day. The Dow Jones Industrial Average...

Palantir Technologies Reports 'Unprecedented' Demand for AI Platform

Company's stock jumps 23.4%

(Newser) - Wall Street dipped on Tuesday following some mixed earnings reports, as stocks remain roughly where they’ve been stuck for more than a month. The S&P 500 fell 18.95 points, or 0.5%, to 4,119.17. The Dow Jones Industrial Average lost 56.88, or 0.2%,...

Stocks Finish Mixed as Market Awaits Reports
Stocks Finish Mixed
as Market Awaits Reports
MARKETS
May 8, 2023 3:27 PM CDT

Stocks Finish Mixed as Market Awaits Reports

Tyson Foods is among companies with disappointing results

(Newser) - Wall Street had a so-so day Monday, ahead of a week full of reports on some of the market's biggest worries, including how stubbornly high inflation remains across the economy.
  • The Dow fell 55.69 points, or 0.2%, to 33,618.69.
  • The S&P 500 rose 1.
...

Dow Has a Strong Friday, Thanks to Apple
Dow Has a Strong Friday,
Thanks to Apple
MARKETS
May 5, 2023 3:16 PM CDT

Dow Has a Strong Friday, Thanks to Apple

Index rises more than 500 points

(Newser) - Apple led Wall Street to its biggest rally in nearly four months Friday after the market's most influential company reported a better profit than expected. Stocks of beaten-down banks are also leaping to recover a smidgen of their sharp losses from a brutal week, per the AP .
  • The Dow
...

Dow Turns Negative for 2023 on Bank Worries
Dow Turns Negative
for 2023 on Bank Worries
MARKETS
May 4, 2023 3:14 PM CDT

Dow Turns Negative for 2023 on Bank Worries

Index falls 286 points

(Newser) - Stocks sank on Wall Street on Thursday as worries about the US banking system intensified:
  • The Dow fell 286 points, or 0.8%, to 33,127.
  • The S&P 500 fell 29 points, or 0.7%, to 4,061.
  • The Nasdaq fell 58 points, or 0.4%, to 11,966.
...

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