WASHINGTON — It’s hard not to wonder: Is the stock market telling us something? True, the market’s record in forecasting recessions is horrendous. Stocks often move according to whim or fad. But just because the market is wrong much of the time doesn’t mean it’s wrong all the time. Could last week’s turbulent trading be […]
stock market
Posted inNation / World, sj-web
Dow down 588 points for the day that started with a 1,089 point loss
U.S. stocks slumped again Monday, with the Dow Jones industrial average plunging more than 1,000 points at one point in a sell-off that sent a shiver of fear from Wall Street to Main Street. Stocks regained some of that ground as the day wore on, but the Dow Jones industrial average finished the day down […]
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Posted inBusiness, sj-web
Dow Jones goes above 16,000 for first time
NEW YORK — U.S. stock market indexes are trading above major round-number milestones. The Dow Jones industrial average crossed 16,000 early Monday, dipped briefly, then rose again. The Standard & Poor’s 500 index, after piercing 1,800 in early trading, crisscrossed the milestone several times. Stocks have been rising sharply this year as the U.S. economy […]
Posted inLetters
A. Bennett: Government manipulation
In recent years, the Federal Reserve has engaged in a policy of quantitative easing. In large part because of that policy, the stock market is at an all-time high. But do we have a free market anymore? In the old world, a log was cut into boards. Groups of buyers would then bid on those […]