The S&P 500 leaped 1.9% for its fourth straight winning day. It’s already up 4.9% this week and on pace for its best week in nearly a year.
stock market
Posted inBusiness, Nation / World
Wall Street’s worst week in a month closes out with more losses
The stock market has been struggling under the weight of the bond market, where the yield on the 10-year Treasury briefly topped 5% late Thursday for the first time since 2007.
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Posted inBusiness, Nation / World, News, Politics
What it would mean for the global economy if the U.S. defaults on its debt
A default could shatter the $24 trillion market for Treasury debt, cause financial markets to freeze up and ignite an international crisis.
Posted inBusiness
Late slide sends Wall Street lower in more uncertain trading
Investors worry that stubbornly high prices on everything from food to clothing could lead to a recession.
Posted inBusiness, Nation / World
Stocks sink on news of new COVID variant, and Dow drops by 905 points
The S&P 500 index dropped 106.84 points, or 2.3%, in the worst day for Wall Street’s benchmark index since February.
Posted inBusiness, Nation / World
Dow slumps 500 points in global sell-off as fears grow over economic recovery
Investors have grown worried over emerging threats to the economic recovery, from a pandemic resurgence to labor market pressures.
Posted inBusiness, Nation / World
Stocks sink again on Wall Street over fears of inflation
Tech giants, which had soared during the past year of lockdowns, take some of the biggest losses as the Dow sheds more than 680 points.
Posted inBusiness, Nation / World
Global rally slows, but optimism over vaccine remains high
It’s the second straight day that rising hopes for a COVID-19 vaccine have investors reordering which stocks they see winning and losing.
Posted inBusiness, Nation / World
U.S. stocks have their worst day in a month as virus cases surge
Stocks of companies that need the virus to abate and the economy to return to normal had some of the biggest losses.
Posted inBusiness, Nation / World
Tech slump sends stock market to its biggest loss since June
Investors will be paying close attention Friday when the Labor Department releases its August job report.