US stocks regrouped Friday as Wall Street set up another bid to reach bullish milestones as investors dithered over the odds for rate cuts. The Dow Jones Industrial Average (^DJI) held steady on the heels of touching the key 40,000 level for the first time during Thursday’s trading. The S&P 500 (^GSPC) rose 0.1% while
US stocks gained on Thursday following a record-setting rally as signs of cooling inflation continued to spur bets for a Federal Reserve rate cut in September. The Dow Jones Industrial Average (^DJI) gained 0.2% to touch 40,000 for the first time ever. The S&P 500 (^GSPC) was up 0.1% after closing above 5,300 for the
President Biden spoke Tuesday about the administration’s decision to announce a new wave of tariffs across an array of Chinese goods. “American workers can outwork and outcompete anyone as long as the competition is fair. But for too long it hasn’t been fair,” the president said while speaking at the White House’s South Lawn. He
President Biden spoke Tuesday about the administration’s decision to announce a new wave of tariffs across an array of Chinese goods. “American workers can outwork and outcompete anyone as long as the competition is fair. But for too long it hasn’t been fair,” the president said while speaking at the White House Lawn. He criticized
President Biden spoke Tuesday about the administration’s decision to announce a new wave of tariffs across an array of Chinese goods. “American workers can outwork and outcompete anyone as long as the competition is fair. But for too long it hasn’t been fair,” the president said while speaking at the White House Lawn. He criticized
Companies in the S&P 500 (^GSPC) have reported what’s broadly been considered a solid Q1 earnings season for the index, with one key exception: drugmaker Bristol Myers Squibb (BMY). Last month, the company reported a massive loss per share in the first quarter on charges related to a series of acquisitions and cut its profit
US stocks opened higher on Monday, ready to build on a string of gains as attention turned to the coming inflation report seen as a potential starting gun for interest rate cuts. The S&P 500 (^GSPC) rose roughly 0.2%, while the tech-heavy Nasdaq Composite (^IXIC) moved up about 0.2%. The Dow Jones Industrial Average (^DJI)
Federal Reserve Governor Michelle Bowman said Friday she believes interest rates need to stay where they are “for a bit longer.” “It is of utmost importance that we maintain credibility in pursuing our fight against inflation by proceeding carefully and deliberately to achieve our 2% goal,” Bowman said while speaking in Arlington, Texas. “I think
Last week, mortgage rates slipped for the first time in over a month, with the 30-year fixed mortgage rate hitting 7.09%. Yahoo Finance’s Rebecca Chen reports: Recent rate volatility — including this week’s drop from 7.22% and last month’s steady rise — has prompted some financial institutions to modify their mortgage outlook for the rest
US stocks surged on Friday, as upbeat earnings from Apple (AAPL) lifted spirits and a weaker-than-expected jobs report revived bets that the Federal Reserve could cut interest rates sooner than thought. The Dow Jones Industrial Average (^DJI) jumped 0.9%, or about 350 points, while the S&P 500 (^GSPC) rose 0.8%. The tech-heavy the tech-heavy Nasdaq