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Latest Inflation Report Drags Markets Down
Stocks Drop After
Latest Inflation Report
MARKETS

Stocks Drop After Latest Inflation Report

In November, wholesale prices jumped a record 9.6% year-on-year

(Newser) - Stocks closed lower on Wall Street Tuesday as traders took in the latest sign that inflation is still running high ahead of the Federal Reserve’s last meeting of the year. The latest report on inflation showed that wholesale prices jumped a record 9.6% in November from a year...

Moderna, Pfizer Rise as Travel, Tech Stocks Sink

Dow Jones was down 320 points

(Newser) - Stocks pulled back below their recent record levels on Wall Street Monday as the market’s momentum slows down following its best week since February. Technology, energy, and travel-related companies had some of the biggest losses. Nvidia, General Motors, and Devon Energy were among the biggest decliners in the S&...

Tech Stocks Jump as Optimism Reigns on Wall St.

S&P 500 gains more than 2%

(Newser) - Stocks jumped for a second day Tuesday as investors continued to wager that the new COVID won’t pose a big threat to the economy. The S&P 500 rose 1.4% in the first few minutes of trading, adding to its gains from a day earlier. It finished up...

Fauci Remarks Help Lift Travel Stocks
Fauci Remarks Help
Lift Travel Stocks
MARKETS

Fauci Remarks Help Lift Travel Stocks

S&P 500 has recovered almost all of last week's losses

(Newser) - Stocks closed solidly higher on Wall Street Monday, aided by a broad rally that includes travel-related companies that stand to benefit from more reopening of the economy. The S&P 500 rose 1.2%, making up nearly all the ground lost last week. Technology companies and banks accounted for a...

S&amp;P 500 See-Saws as Investors Turn Cautious
Omicron Worries Send
Markets Down Again
MARKETS

Omicron Worries Send Markets Down Again

'Investors are going to have to get used to the idea that this is not going to be the last variant'

(Newser) - Markets turned cautious again Wednesday, erasing an early gain and ending lower as investors try to handicap how much the new coronavirus variant will impact the economy. The latest roller-coaster ride brought the S&P 500 index up 1.9% in the morning and down 1.2% by the closing...

Fed Chief&#39;s Remarks Add to Wall Street&#39;s Woes
Fed Chief's Remarks Add
to Wall Street's Woes
MARKETS

Fed Chief's Remarks Add to Wall Street's Woes

Dow was down 652 points

(Newser) - Wall Street’s losses deepened on Tuesday after the head of the Federal Reserve said it will consider shutting off its support for financial markets sooner than expected. The S&P 500 fell 1.9%. It was already down in the morning amid worries that the omicron variant would hit...

Moderna Jumps 11.8% as It Tests Vaccine Against Variant

Markets recover ground after Friday's big drop

(Newser) - The stock market steadied itself Monday following a slide last week brought on by the newest coronavirus variant. Investors are waiting for more clues about just how much damage the new strain may do to the economy. The S&P 500 recovered more than half its drop from Friday. Bond...

Gap Nosedives 24% After Weak Results
Gap, Nordstrom
Nosedive After
Weak Results
MARKETS

Gap, Nordstrom Nosedive After Weak Results

HP was S&P 500's biggest gainer

(Newser) - Wall Street capped another wobbly day of trading Wednesday with an uneven finish for the major stock indexes ahead of the Thanksgiving holiday. The S&P 500 rose 0.2% after wavering between small gains and losses most of the morning, the AP reports. The benchmark index regained its footing...

Oil Prices Rise Despite Biden Move
Oil Prices Rise 
Despite Biden Move
MARKETS

Oil Prices Rise Despite Biden Move

President ordered release of 50M barrels

(Newser) - Stocks closed mixed on Wall Street Tuesday after a day of wobbly trading. Losses in big technology stocks and companies that rely on consumer spending tempered gains elsewhere in the market. The S&P 500 rose 7.76 points, or 0.2%, to 4,690.70. The Dow Jones Industrial...

Late Drop Robs S&amp;P 500 of Record High
Markets Reassured 
by Biden's Fed Move
MARKETS

Markets Reassured by Biden's Fed Move

But late drop robbed S&P 500 of record high

(Newser) - A late drop robbed the S&P 500 of another record high on Wall Street Monday and left major indexes mostly lower after being up for much of the day. The S&P 500 ended 0.3% lower. It was up as much as 1% earlier. The Nasdaq fell 1....

4.7% Drop for Visa Weighs Down S&amp;P 500
Visa Dives 4.7% After
Big Move From Amazon
MARKETS

Visa Dives 4.7% After Big Move From Amazon

Company will no longer accept UK-issued Visa cards

(Newser) - Stock indexes shuffled lower on Wall Street Wednesday, pulling a bit further off their record heights. The bond market was relatively calm following turbulent trading recently amid worries about high inflation. The yield on the 10-year Treasury fell to 1.59%. Shorter-term yields also fell, giving up a portion of...

Report on Consumer Spending Gives Markets a Boost

Government says consumers stepped up their spending despite inflation

(Newser) - Stocks closed higher on Wall Street Tuesday as investors reviewed solid earnings reports from retailers and an encouraging update on consumer spending. Home Depot rose 5.8% after the home improvement retailer reported surging sales and solid profits last quarter amid a hot housing market, the AP reports. New data...

Casper Surges 89% on Buyout News
Casper Surges 89%
on Buyout News
MARKETS

Casper Surges 89% on Buyout News

Major indexes were little changed

(Newser) - Major indexes ended a wobbly day mostly lower on Wall Street as the market comes off its first weekly loss in six weeks. The S&P 500 ended little changed and the Dow Jones Industrial Average edged barely higher, the AP reports. The yield on the 10-year Treasury note rose...

Inflation Report Roils Bond Markets
Inflation Report
Hits Markets Hard
MARKETS

Inflation Report Hits Markets Hard

Dow dropped 240 points

(Newser) - An eye-opening report on inflation that was hotter than expected slammed into the bond market on Wednesday, sending yields jumping, and helping knock stocks lower, the AP reports. The sharpest inflation since 1990 forced investors to boost bets that the Federal Reserve will have to raise short-term interest rates more...

Markets' Longest Winning Streak Since 2019 Is Over

Tesla drops another 12%

(Newser) - US stocks closed lower Tuesday, ending the market’s longest winning streak in more than two years. The S&P 500 fell 0.4%. The Dow Jones Industrial Average lost 0.3% and the Nasdaq fell 0.6%. Tesla slumped again, losing 12% after its CEO Elon Musk said over...

$1T Infrastructure Bill Boosts Construction Stocks

S&P 500 hits record high after 8th straight gain

(Newser) - Stocks notched some modest gains on Wall Street Monday, enough to mark more record highs for major US indexes. The S&P 500 edged up 0.1% for its eighth straight gain, matching its longest winning streak since April 2019, though most of the gains during that stretch have been...

Stocks Hit More Record Highs After Fed Announcement

Activision, Zillow were among the day's losers

(Newser) - Stocks climbed to more record highs Wednesday after the Federal Reserve said it will begin dialing back the extraordinary aid for the economy it has been providing since the early days of the pandemic. The S&P 500 rose 29.92 points, or 0.6%, to 4,660.57. The...

Dow Finishes Above 36K for the First Time
Dow Closes Over 36K
for the First Time
MARKETS

Dow Closes Over 36K for the First Time

S&P 500 also hit a new record

(Newser) - Stocks closed higher on Wall Street Tuesday, pushing the Dow Jones Industrial Average to its first close above 36,000 points. The Dow added 138.79 points, or 0.4%, and closed at 36,052.63. The S&P 500 rose 16.98 points, or 0.4%, to 4,630....

Tesla Jumps 8.5% as Major Indexes Reach Record Highs

Dow was up 94 points

(Newser) - Stocks ended a wobbly day modestly higher on Wall Street, enough to notch more all-time highs for major indexes. The S&P 500 rose 8.29 points, or 0.2%, to 4,613.67. The Dow Jones Industrial Average rose 94.28 points, or 0.3%, to 35,913.84....

Dow Drops 266 Points as Markets Pull Back
Dow Drops 266 Points
as Markets Pull Back
MARKETS

Dow Drops 266 Points as Markets Pull Back

Tech gains helped counter some of the losses

(Newser) - Stocks faded in the last hour of trading and ended mostly lower Wednesday, a day after the S&P 500 and the Dow Jones Industrial Average set their latest record highs. Several big technology companies posted solid gains, led by Microsoft, which reported a 24% surge in profits last quarter...

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