Wall Street stock market is closed today. (January 16) on the occasion of Martin Luther King Jr. Day after the market closed on Friday, rose 112 points. For trading on Friday (13 Jan) ago The Dow Jones Industrial Average closed at 34,302.61, up 112.64 points, or 0.33 percent, amid volatile trading. After the release of … Read more
The majority of participants on Wall Street support the view that the euro’s upward rally is just beginning. With energy prices falling and recession forecasts easing across the region, it seems to be becoming clear that the worst of the economic damage is over and European assets are cheap for investors, according to Bloomberg, quoted … Read more
Major Wall Street indexes closed more than 1% down on Thursday after fresh evidence of a tightening job market dashed investors’ hopes that the Federal Reserve could soon end its rate-hiking cycle as the attention remains on inflation. Thursday’s national jobs report showed a stronger-than-expected rise in private employment in December. Another report showed that … Read more
Wall Street’s major indexes closed sharply lower as investors feared the data could prompt interest rate hikes for longer than feared. Wall Street closed sharply lower on fears of a recession Major Wall Street indexes closed sharply lower Thursday, with the tech-heavy Nasdaq tumbling as investors feared the data could prompt interest rate hikes for … Read more
Major Wall Street indexes rose Wednesday as markets cheered on better-than-expected corporate earnings, fueling hopes that earnings season will be better-than-expected as investors await more economic data to get a clearer picture of the outlook for future interest rate hikes. The Dow Jones Industrial Average rose 340 points, or 1%. The Standard & Poor’s 500 … Read more
Wall Street’s major stock indexes continued to lose, with continued recession fears due to central bank policies. Wall Street indices continue to fall under pressure from recession fears Wall Street’s major stock indexes extended their losses on Friday. Fears of a looming recession, sparked by the Federal Reserve’s ongoing battle with inflation, rattled investor sentiment. … Read more
The Fed raises rates by half a percentage pointclosing 2023 with the first hit of the brakes on a maxi-squeeze that saw four consecutive increases by 75 basis points. A move that acknowledges the slowdown in inflation (7.1% in November) and the slowdown of the economy, but is not a prelude to a stop: the … Read more