stock market

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Stocks Sees Third Straight Losing Week
Stocks See Third
Straight Losing Week
MARKETS
Aug 18, 2023 3:29 PM CDT

Stocks See Third Straight Losing Week

August continues to be brutal for Wall Street

(Newser) - Wall Street limped to a mixed close on Friday, marking its third losing week in a row:
  • The benchmark S&P 500 barely budged, slipping by less than a point to 4,369. It lost more than 2% for the week, like other US indexes, per the AP .
  • The Dow
...

Number of 401(k) Millionaires Is On the Upswing

Fidelity Investments has seen a 26% spike this year

(Newser) - This week has not been a stellar one to check on the 401(k) account, but that's an anomaly for 2023. The stock market's steady rise through the year has led to a 26% increase in the number of people who had at least $1 million in their 401(k)...

Dow Now Owns a 3-Day Losing Streak
Dow Now Owns
a 3-Day Losing Streak
MARKETS
Aug 17, 2023 3:12 PM CDT

Dow Now Owns a 3-Day Losing Streak

Index tumbles nearly 300 points as Wall Street's sour mood continues

(Newser) - Wall Street fell for a third straight day Thursday as investors continued to digest earnings and new economic data.
  • The Dow fell 290 points, or 0.8%, to 34,474.
  • The S&P 500 fell 33 points, or 0.7%, to 4,370.
  • The Nasdaq fell 157 points, or 1.
...

Stocks Tumble After Release of Fed Meeting Minutes

Minutes suggest Fed officials are unsure about their next move

(Newser) - Wall Street weakened Wednesday to worsen what's already been a messy August. The S&P 500 fell 33.53, or 0.8%, to 4,404.33, following up on its prior day's tumble of 1.2%. The Dow Jones Industrial Average lost 180.65 points, or 0.5%,...

2 Men&#39;s Stock Moves Raise Eyebrows
2 Men's Stock Moves
Raise Eyebrows
Aug 16, 2023 11:15 AM CDT

2 Men's Stock Moves Raise Eyebrows

Michael Burry, Warren Buffett may be betting on a downturn

(Newser) - Do Michael Burry of Big Short fame and Warren Buffett see something we don't? That's the question CNN and others are asking based on SEC filings released Monday. In late June, Burry's Scion Asset Management fund purchased $866 million in put options against a fund that tracks...

This EV Carmaker Just Had a Huge Day

Vietnam's VinFast hits $85B market cap on first day of Nasdaq trading, now worth more than Mercedes

(Newser) - A Vietnamese carmaker debuted on the Nasdaq on Tuesday and was suddenly worth more than legacy brands including Ford, General Motors, Mercedes-Benz, and Volkswagen. VinFast, one of the biggest automakers in Vietnam, began offering gas-powered vehicles in 2018, per Quartz . It launched electric vehicles in 2021, but only began selling...

Worries About China Weigh Down Markets
Dow Drops 361 Points
Amid Worries About China
MARKETS
Aug 15, 2023 3:59 PM CDT

Dow Drops 361 Points Amid Worries About China

But report on US retail sales was encouraging

(Newser) - A sharp drop for Wall Street capped a day of declines worldwide after discouraging data on China raised worries about the global economy. The S&P 500 fell 1.86 points, or 1.2%, to 4,437.86 Tuesday after reports indicated a deepening slump for the world's second-largest...

US Steel Jumps 38.9% After Buyout Offer Rejected
US Steel Jumps Almost 40%
MARKETS
Aug 14, 2023 3:41 PM CDT

US Steel Jumps Almost 40%

Indexes edge higher ahead of report on retail sales

(Newser) - Stock indexes ticked higher on Wall Street ahead of a week of reports showing how strong US shoppers remain, amid hopes their spending can keep the economy out of a recession. The S&P 500 added 25.67, or 0.6%, to 4,489.72, though slightly more stocks fell...

For the Nasdaq, Its First Losing Streak of the Year

Benchmark S&P also falls for the week, while the Dow rises

(Newser) - Stocks had a mixed day Friday on Wall Street, as investors reviewed new data for potential clues about the Federal Reserve's next move on rates, per the AP .
  • The benchmark S&P 500 fell 4 points, or 0.1%, to 4,464, for its second losing week in a
...

Inflation Report Touches Off Activity, but Stocks Settle Down

Disney climbs after promising to raise streaming prices

(Newser) - Stocks swung through shaky trading Thursday following the latest update on inflation across the nation, only to end up roughly where they started. The S&P 500 edged up by 1.12, or less than 0.1%, to 4,468.83. It was just the second winning day for the...

Nvidia Drops Almost 5% Ahead of Inflation Report

It was also a bad day for Lyft, WeWork, Tesla

(Newser) - Stocks slipped Wednesday, as Wall Street braced for a highly anticipated report on inflation. The S&P 500 fell 31.67 points, or 0.7%, to 4,467.71 Wednesday and has now dropped six of the last seven days. The Dow Jones Industrial Average fell 191.13 points, or...

Worries About Banks Drag Markets Down
Worries About Banks,
World Economy Hit Markets
MARKETS
Aug 8, 2023 3:59 PM CDT

Worries About Banks, World Economy Hit Markets

Moody's cuts credit ratings for 10 small to midsized American banks

(Newser) - Wall Street slipped Tuesday as worries about the banking system and the global economy forced more caution into financial markets worldwide. The S&P 500 fell 19.06, or 0.4%, to 4,499.38 and at one point was down nearly triple that. It was the fifth loss in...

Markets Regain Momentum After Last Week&#39;s Lull
Markets Bounce Back
After Last Week's Lull
MARKETS
Aug 7, 2023 3:58 PM CDT

Markets Bounce Back After Last Week's Lull

Dow jumps 407 points

(Newser) - Stocks climbed Monday as Wall Street's big rally for the year kicked back into gear following a brief hiccup. The S&P 500 rose 40.41, or 0.9%, to 4,518.44 and recovered more than a third of its loss from last week. That was its first...

Stocks Slip After Jobs Report
Stocks Slip After Jobs Report
markets
Aug 4, 2023 3:50 PM CDT

Stocks Slip After Jobs Report

Market concludes a losing week

(Newser) - Stocks fell Friday to close out a rare losing week for Wall Street following mixed reports on the US job market and two of the market's most influential stocks. The S&P 500 sank 23.86, or 0.5%, to 4,478.03. It was the fourth straight drop...

Wall Street Can&#39;t Right This Week&#39;s Slump
Wall Street Can't Right
This Week's Slump
MARKETS
Aug 3, 2023 3:40 PM CDT

Wall Street Can't Right This Week's Slump

S&P 500 falls for third straight day

(Newser) - Stocks slipped Thursday as Wall Street's red-hot rally for the year cooled a bit more. The S&P 500 fell 11.50, or 0.3%, to 4,501.89 for its third straight loss after setting a 16-month high, per the AP . The Dow Jones Industrial Average dropped 66....

Wall Street Just Had Its Worst Day in Months
Wall Street Just Had
Its Worst Day in Months
MARKETS
Aug 2, 2023 3:43 PM CDT

Wall Street Just Had Its Worst Day in Months

Dow drops 348 points as rally runs out of steam

(Newser) - Wall Street tumbled to its worst day in months as its torrid rally that critics called overdone lost more momentum. The S&P 500 fell 63.34 points Wednesday, or 1.4%, to 4,513.39 for its sharpest drop since April. It was the index's second straight loss...

Travel Stocks Drop as Markets Back From Rally
Travel Stocks Drop
Despite Strong Profits
MARKETS
Aug 1, 2023 3:57 PM CDT

Travel Stocks Drop Despite Strong Profits

Wall Street edges back from year's big rally

(Newser) - Wall Street took a step back from its big rally so far this year, and most stocks fell Tuesday following a mixed set of earnings reports from US companies. The S&P 500 lost 12.23, or 0.3%, to 4,576.73, coming off its fifth straight winning month....

Stocks Edge Higher to Close Another Winning Month

S&P 500 is at a 16-month high

(Newser) - Wall Street closed out its latest winning month with another tick higher on Monday. The S&P 500 added 6.73 points, or 0.1%, to 4,588.96 to cap its fifth straight month of gains. That's its longest winning streak in nearly two years, and the index...

Tech Stocks Help Restore Climb
Tech Stocks Help Restore Climb
markets
Jul 28, 2023 3:38 PM CDT

Tech Stocks Help Restore Climb

Positive report on inflation is reassuring sign about avoiding a recession

(Newser) - Wall Street's rally got back on track Friday, following more encouraging profit reports and the latest signal that inflation is loosening its chokehold on the economy. Big Tech stocks led the market, per the AP , and the S&P 500 closed out its third straight winning week and its...

Markets Hold Steady After Fed Raises Rates
Boeing, Alphabet Help
Keep Markets Steady
MARKETS
Jul 26, 2023 3:43 PM CDT

Boeing, Alphabet Help Keep Markets Steady

Indexes were little changed after Fed raised rates

(Newser) - Wall Street held steady after the Federal Reserve followed through on expectations and raised its benchmark interest rate to its highest level in more than two decades. Treasury yields fell following Wednesday's announcement, which traders hope will mark the final increase of this cycle, the AP reports. The S&...

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