Markets are off to a stronger start on Friday, but it’s been a rough few days, with the S&P 500 facing a six-week losing streak, its longest in a decade. With a war raging in Europe, surging prices all over and uncertainty over what central banks can do about it, investors may not get that … Read more
Will home prices fall? Getty Images Gone are the uber-low mortgage rates of 2021. Indeed, average 30-year-fixed mortgage rates have risen from roughly 3.5% to about 5.6% this year, and pros say they expect them to climb further (see the lowest mortgage interest rates you can get now here). One might think that these rising … Read more
Stocks swung between gains and losses Wednesday after fresh data showed inflation eased slightly in April but not as much as economists expected. The S&P 500 edged up 0.5% in morning trading. The index snapped a three-day losing streak Tuesday, hitting pause on a stretch of pressure that came as investors braced for the Federal … Read more
Another turnaround Tuesday may be in the cards after a litany of concerns including stagflation dragged the S&P 500 SPX below 4,000 for the first time since 2021. As investors try to regroup from the worst three-day stock stretch in two years, one more hard day of selling for the S&P might be a good … Read more
US stocks are trading sharply lower Friday afternoon, as investors weigh April jobs data amid heightened stagflation fears, after the biggest daily drop since 2020 on Thursday. How are stock-index futures trading? The Dow Jones Industrial Average DJIA fell nearly 357 points, or 1.1%, to 32,641, but off its session low. The S&P 500 SPX … Read more
The stock market took its biggest U-turn since the early days of the pandemic Thursday, with the Dow Jones Industrial Average posting its largest decline this year just 24 hours after its largest gain since 2020. The reversal wiped out the euphoria that reigned on Wall Street Wednesday in the wake of Federal Reserve Chairman … Read more
WASHINGTON — Top US banking regulators are poised to overhaul how banks lend hundreds of billions of dollars annually in lower-income communities, after scrapping a Trump-era revamp that had divided regulators and industry officials. The latest proposal to modernize rules for the 1977 Community Reinvestment Act is set to be announced Thursday and aims to … Read more
US stocks fell sharply, with technology stocks leading the way, as investors assessed the implications of the Federal Reserve’s most aggressive tightening of monetary policy in more than two decades. The S&P 500 dropped 3.4% as losses accelerated in morning trading Thursday. The tech-focused Nasdaq Composite Index plunged 4.6%, and the Dow Jones Industrial Average … Read more
US stock futures fell, with technology stocks on track to lead losses after the opening bell, as investors assessed the implications of the Fed’s most aggressive tightening of monetary policy in more than two decades. Futures for the S&P 500 fell 0.6% Thursday. Contracts for the tech-focused Nasdaq-100 lost 0.7% and futures for the Dow … Read more
US stocks rallied, scoring their biggest one-day gain since 2020, after Federal Reserve Chairman Jerome Powell put to rest investors’ fears that the central bank might be considering bigger interest-rate increases in the coming months. Major indices were at first little changed Wednesday after the Fed announced it would raise interest rates by half a … Read more
