Dow Jones

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Dow Closes Down 1,164 Points, in Biggest Loss Since 2020

Stocks slumped on Walmart and Target's earnings

(Newser) - US stocks were hammered on Wednesday, with the Dow Jones closing down 1,164 points, or 3.57%. CNBC reports that marks the fifth Dow drop of 800+ points this year and is the biggest drop since June 2020. The S&P 500 was down 4%, the biggest decrease since...

Airline's Stock Soars After JetBlue Announces Hostile Bid

Spirit Airlines was up 13.6%

(Newser) - Stocks ended another wobbly day mostly lower on Wall Street Monday, extending a losing streak for markets. The S&P 500 couldn’t hold on to an afternoon gain and ended down 0.4%. The benchmark index is coming off a six-week losing streak. Tech companies were among the biggest...

Stocks Drop After Inflation Report Is Worse Than Feared

Tech stocks led the way down

(Newser) - Stocks fell on Wall Street Wednesday, led by more drops in technology companies, after a report on inflation came in worse than feared. The S&P 500 fell 65.87 points, or 1.6%, to 3,935.18. The Dow Jones Industrial Average fell 326.63 points, or 1%, to...

Peloton Drops 8.7% After Reporting Fall in Sales

Tech gains helped S&P 500 revere slide

(Newser) - Stocks ended mixed on Wall Street Tuesday after a rally in technology companies helped reverse most of an early slide. The S&P 500 wound up 0.2% higher after giving up most of an early gain of 1.9%. It also traded in the red around midday. Big technology...

Wall Street's Losses Worsen
Wall Street's 
Losses Worsen
MARKETS

Wall Street's Losses Worsen

S&P 500 is at its lowest in more than a yer

(Newser) - Stocks deepened their losses on Wall Street Monday, sending the S&P 500 to its lowest close in more than a year. The benchmark index is coming off its fifth weekly loss in a row as renewed worries about China’s economy piled on top of markets already battered by...

After Fed Chair's Remarks, Stocks Soar to Biggest Gain in 2 Years

Jerome Powell downplayed chances of even bigger rate increase

(Newser) - Stocks soared to their biggest gain in two years Wednesday and bond yields dropped after Federal Reserve Chair Jerome Powell downplayed the likelihood of an even larger rate increase than the one announced Wednesday. That allayed concerns that the central bank was on its way to a massive increase of...

Investors Are 'Positioning' Ahead of Fed Rate Decision

Indexes edged higher Tuesday

(Newser) - Stock closed modestly higher on Wall Street Tuesday as investors await Wednesday’s decision by the Federal Reserve on interest rates. The S&P 500 rose 20.10 points, or 0.5%, to 4,175.48. The Dow Jones Industrial Average rose 67.29 points, or 0.2%, to 33,...

Late Rally From Tech Stocks Erases Early Wall St. Slump

Bond yields hit highest level since 2018

(Newser) - A late rally in big technology stocks erased an afternoon slump on Wall Street and left major indexes moderately higher. The uneven start to May followed a brutal April in which widespread technology sell-offs dragged down major benchmarks. Facebook’s parent company and chipmaker Nvidia each rose 5.3%. The...

Boeing Among the Losers in Wobbly Day on Wall St.

'Everyone is dealing with this sort of whack-a-mole of risks'

(Newser) - Stocks ended with meager gains on Wall Street Wednesday, stabilizing after a sell-off in tech stocks a day earlier. It’s the latest turbulence for the market as traders brace for more earnings reports from major US companies. The S&P 500 saw most of a midday rally evaporate and...

Tesla Stock Slumps 12.2%
Tesla Stock Slumps 12.2%
MARKETS

Tesla Stock Slumps 12.2%

Investors worry Twitter buy will distract Musk

(Newser) - More sharp declines in Big Tech stocks sent the Nasdaq composite down 4% Tuesday, the worst drop for the tech-heavy index since September 2020. The Nasdaq is now down 20% so far this year as investors shun the ultra-pricey tech sector, which had made gangbuster gains for much of the...

Twitter Stock Rises, Tesla Falls After Musk Buyout Confirmed

Indexes close higher after late wave of buying

(Newser) - A late wave of buying left major indexes higher on Wall Street after another day of up-and-down trading. A rebound in technology stocks helped turn things around in the last hour of trading Monday. The S&P 500 rose 24.34 points, or 0.6%, to 4,296.12. The...

Netflix Plunge Drags Indexes Down
Netflix Stock Plunges 35%
MARKETS

Netflix Stock Plunges 35%

Massive drop dragged down major indexes

(Newser) - Stocks edged mostly higher in afternoon trading on Wall Street Wednesday, but indexes were held back by streaming entertainment giant Netflix, which lost more than a third of its value. IBM jumped and helped give the Dow a bump after reporting results that beat analysts’ estimates, the AP reports. The...

Dow Just Had Its Best Day in a Month
Dow Just Had Its
Best Day in a Month
MARKETS

Dow Just Had Its Best Day in a Month

Index jumps nearly 500 points as optimism returns to Wall St.

(Newser) - Stocks closed higher on Wall Street Tuesday as technology stocks rallied following a weak start. The S&P 500 rose 70.52 points, or 1.6%, to 4,462.21. The Dow Jones Industrial Average rose 499.51 points, or 1.5%, to 34,911.20 in its biggest rise...

Twitter Jumps 7.5% After 'Poison Pill' Plan Adopted

Major indexes dipped despite strong results from banks

(Newser) - Stocks closed slightly lower after a wobbly day of trading Monday as worries about rising interest rates and high inflation keep a lid on Wall Street despite some better-than-expected profit reports from banks. The S&P 500 fell 0.90 points, or 0.02%, to 4,391.69. The Dow...

Airline Stocks Jump After Upbeat News From Delta

Airline reports strong revenue, bookings

(Newser) - Stocks closed higher on Wall Street Wednesday as investors reviewed the latest round of corporate earnings and an upbeat report from Delta Air Lines that bodes well for the travel industry. The S&P 500 rose 49.14 points, or 1.1%, to 4,446.59. The Dow Jones Industrial...

'This Is a Time When Economic Resilience Will Be Tested'

Markets pull back after report on inflation

(Newser) - Stock indexes edged lower on Wall Street Tuesday, shedding early gains as investors weigh new data on inflation . The pullback follows back-to-back losses driven by worries about the economic collateral damage as the Federal Reserve tackles high inflation more aggressively. A report showed inflation is still at its highest level...

Tech, Energy Stocks Tumble
Tech, Energy Stocks Tumble
MARKETS

Tech, Energy Stocks Tumble

Twitter up 1.7% after Musk says he won't join board

(Newser) - Stocks fell on Wall Street Monday, extending a losing streak from last week. Technology stocks sank and were the biggest weights on the market. Energy companies also slipped along with falling crude oil prices. Twitter rose 1.7% after Tesla CEO Elon Musk said he wouldn’t be joining the...

Stocks Drop After Minutes From Fed Meeting Released

Tech stocks were the biggest drag on the market

(Newser) - Stocks fell and bond yields rose on Wall Street Wednesday after details from last month’s Federal Reserve meeting showed the central bank intends to be aggressive in its efforts to fight inflation. Minutes from the meeting show that policymakers agreed to begin cutting the Fed’s stockpile of Treasurys...

Bond Yields Jump After Remark From Fed Governor

Tech stocks drag Wall St. indexes down

(Newser) - Stocks closed lower on Wall Street Tuesday and bond yields jumped as remarks by a Federal Reserve governor fueled expectations on Wall Street that the central bank is prepared to more aggressively raise interest rates and take other steps in a bid to tame surging inflation. The S&P 500...

Twitter Jumps 27.6% After Musk Buy DIsclosed
Twitter Jumps 27.6%
After Musk Buy Disclosed
MARKETS

Twitter Jumps 27.6% After Musk Buy Disclosed

Markets pleased with news Tesla CEO bought 9.2% stake in company

(Newser) - Stocks closed higher on Wall Street on Monday with help from big technology and communications stocks. Twitter soared 27.6% following a big investment in the company from Tesla’s Elon Musk. The gains in technology companies helped offset weakness in other parts of the market, the AP reports. The...

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