Stocks fell on Thursday as strong earnings from Nvidia were overshadowed by comments from the Federal Reserve signaling that interest rates will remain elevated for a long time to combat inflation.
Wall Street is experiencing small gains and losses as investors await economic news, including an inflation indicator and more jobs data; markets rallied after consumer confidence dropped in August and job openings fell, potentially reducing inflation and deterring the Fed from raising interest rates.
Wall Street stocks opened lower as traders grappled with concerns over China's struggling economy and climbing Treasury yields, with the S&P 500 and Dow Jones slightly down and the Nasdaq Composite slipping, while the focus remains on the Federal Reserve and seasonal market forces.
Wall Street's main indexes fell in choppy trade due to rising Treasury yields and weak services activity in China, while gains in energy stocks limited losses; however, expectations of a pause in Fed monetary tightening boosted growth stocks.
U.S. stocks slipped as worrying data out of China and a spike in oil prices following the extension of Saudi Arabian production cuts weighed on the market. The Dow Jones Industrial Average fell 0.6%, while the S&P 500 lost 0.4% and the Nasdaq dipped 0.1%.
Stocks on Wall Street are expected to decline as concerns about inflation raise doubts about the Federal Reserve's decision to cut interest rates, while worries about crumbling demand and falling German industrial orders add to the uncertainty.
US stocks dropped on Wednesday as fears of more Federal Reserve rate hikes circulated, with Big Tech names like Apple and Nvidia dragging major indexes lower. Boston Fed President Susan Collins warned that further policy tightening could be warranted, while the Fed's Beige Book indicated softer activity growth and a cooling labor market in July and August.
Asian stock markets fell as Wall Street experienced a decline, with investors preparing for key US inflation data, and a spike in oil prices added to concerns about persistent price pressures and the interest rate outlook.
Stocks closed lower on Wednesday as Wall Street analyzed the Federal Reserve's decision to keep interest rates steady, with the tech-heavy Nasdaq sinking the most, while the Fed's updated forecast showed that interest rates will remain higher for longer than previously anticipated.
Tech stocks led a retreat on Wall Street as investors were concerned about the Federal Reserve's hawkish stance and its decision to keep interest rates steady, causing the S&P 500, Dow Jones, and Nasdaq Composite to decrease; Goldman Sachs has delayed its forecast for a Fed rate cut to the fourth quarter of 2024.
U.S. stocks fell for a third consecutive day as Treasury yields continued rising, the Bank of England kept interest rates unchanged, Cisco is acquiring Splunk for $28 billion, Rupert Murdoch is stepping down as chairman of Fox Corp and News Corp, investor Steve Eisman believes the banking sector is "uninvestable," and investor interest in AI is starting to wane.
Wall Street stocks struggled to make gains as the Federal Reserve's interest rate strategy and the looming threat of a US government shutdown continued to create pressure, while oil prices rallied, raising concerns about inflation and the Fed's ability to cut rates.
Wall Street falls despite bond market pressure easing, with stocks on track for their fifth drop in six days as the market comes to terms with the Federal Reserve's decision to keep interest rates high, causing yields in the bond market to rise and undercutting prices for stocks and other investments.
Wall Street turned lower as concerns over interest rates, rising oil prices, and a possible government shutdown weighed on the market, with the Dow Jones and S&P 500 both experiencing losses.
Stocks retreated in September as Wall Street reacted to new data on inflation and fears of higher interest rates by the Federal Reserve, with major indexes seeing drops of 3-5% for the month and quarter; meanwhile, bonds saw some relief from rate jitters and the looming US government shutdown added further uncertainty to the market.
U.S. stocks mostly fell as investors considered the latest inflation data from the Federal Reserve, marking the end of a turbulent month for the market.
Stocks mostly fell in the U.S. on Friday, with the S&P 500 and Dow Jones Industrial Average declining, while the Nasdaq Composite inched up; all three indexes ended the month of September in the red, with the S&P and Nasdaq experiencing their worst monthly performance since December, and the Dow having its worst showing since February.
Wall Street stocks sold off on Tuesday as rising Treasury yields and a reminder from Fed policymakers about no interest rate cuts caused a selloff, with the S&P 500 dropping nearly 1.4%.
Stock markets experienced a decline as Treasury yields reached a 16-year peak, leading to a 1.2% decrease in the Dow Jones Industrial Average and notable declines in the S&P 500 and Nasdaq Composite, with concerns of higher interest rates provoking fears of an economic recession.
Stocks fell sharply in response to an increase in long-term Treasury yields, driven by misguided rhetoric from Fed officials and fears of higher inflation, despite economic data showing slowing growth, low job growth, and declining wage growth.
Wall Street stocks moved lower as the focus turned to Friday's key labor market data, following a bond rout reprieve, with the Dow Jones slipping 0.4% and the S&P 500 down 0.5%.
Wall Street's main indexes fell as U.S. job growth exceeded expectations, raising concerns of higher interest rates and causing benchmark 10-year U.S. Treasury yields to reach a 16-year high.
Stocks slipped as rising yields in the bond market and new inflation news put pressure on Wall Street, with the S&P 500, Dow, and Nasdaq all experiencing losses.
Wall Street's main indexes fell as Treasury yields rose and chipmakers declined following the Biden administration's decision to halt shipments of AI chips to China, while U.S. retail sales exceeded expectations, indicating a strong economy.
Stocks fell on Wednesday due to escalating tensions in the Middle East and lackluster earnings from Morgan Stanley, while bond yields reached their highest levels since 2007 and oil prices rose due to concerns over a potential regional conflict; meanwhile, Nvidia stock dropped after the US announced plans to halt shipments of AI chips to China and Morgan Stanley's profits shrank during Q3.
The Dow Jones Industrial Average fell after Federal Reserve Chair Jerome Powell spoke on inflation and interest rates, while Netflix stock surged on strong earnings and Tesla stock dropped after Elon Musk's warning about the Cybertruck. Microsoft, HealthEquity, Vistra, and Cencora also had notable movements.
Stocks fell as Treasury yields rose and investors reacted to a speech by Federal Reserve Chair Jerome Powell, with the Dow Jones Industrial Average down 0.75%, the S&P 500 falling 0.9%, and the Nasdaq Composite leading the losses with a nearly 1% drop; in other news, Netflix shares surged more than 16% after the company reported a surge in subscriber numbers and announced plans to raise prices in the US, while Tesla shares fell almost 10% after the company's earnings missed estimates.
Stocks dropped again on Friday as markets reacted to comments from Federal Reserve Chairman Jerome Powell that increased bond yields, while also paying attention to developments in the Israel-Hamas war.
US stocks fell during afternoon trading on Friday, with benchmark Treasury yields retreating after reaching 5% following comments by Federal Reserve Chair Jerome Powell.
Stocks fell on Monday morning as the benchmark 10-year Treasury yield briefly rose above 5%, with investors accepting that interest rates will remain higher for a longer period of time. The market is also being affected by the ongoing sell-off in bonds and concerns about escalating Middle East hostilities, while waiting for Big Tech companies to report earnings.
Wall Street stocks continue to decline due to bond market turbulence and Middle East tension, with tech giants like Facebook and Google-parent Alphabet experiencing drops in stock prices, while the Nasdaq suffers its biggest one-day loss since February; the global stocks index reaches its lowest point since March, and the dollar surges as Israel prepares for a potential ground invasion of Gaza.
Stocks fell sharply on Thursday and bond yields dropped as a slide in technology shares overshadowed stronger-than-expected growth for the U.S. economy.