US stocks close sharply higher, snap 3-week losing streak with gains led by tech-heavy Nasdaq

U.S. stocks ended sharply higher on Friday, with all three major benchmarks suffering three consecutive weeks of losses, as investors appeared to have priced in another giant rate hike of the Federal Reserve. How Stock Indices Have Performed The Dow Jones Industrial Average DJIA, +1.19% advanced 377.19 points, or 1.2%, to close at 32,151.71. The … Read more

Wall Street posts its first weekly gain since mid-August

Join now for FREE unlimited access to Reuters.com Register Focus on US inflation data next week Kroger rides on higher forecast Analysts attribute the rise to an oversold condition Sept 9 (Reuters) – U.S. stocks rallied on Friday, with major indexes posting their first weekly gain in four weeks as investors resumed buying, dispelling worries … Read more

Bullish Traders May Like This Remarkable Contrarian Signal

Sophisticated investors will be wary, however. It hasn’t benefited either bulls or bears lately to assume that a march in either direction can be sustained for long without containing sharp reversals. For example, over the past six months, the S&P 500 SPX, +0.66% had a 16% decline, then a 7% recovery, followed by a 12% … Read more

Wall Street hits four-week highs as bond yields fall

Join now for FREE unlimited access to Reuters.com Register Energy stocks follow the fall in oil The Fed’s Beige Book indicates that price pressures are still lingering Fed Chairman Powell will speak on Thursday Dow up 1.4%, S&P 500 up 1.84%, Nasdaq up 2.14% Sep 7 (Reuters) – U.S. stock indices climbed the most in … Read more

Wall Street ends its busy post-summer session in the red

Join now for FREE unlimited access to Reuters.com Register ISM service sector data beats estimates Bed Bath & Beyond shares sink after death of CFO Wall St emerges from three straight weeks of decline Dow down 0.55%, S&P 500 down 0.41%, Nasdaq down 0.74% NEW YORK, Sept 6 (Reuters) – Wall Street’s major indexes closed … Read more

Dow up 300 points as ‘Goldilocks’ report shows US added 315,000 jobs in August

U.S. stocks rallied on Friday after data showed the U.S. economy added more than 300,000 jobs last month, perfectly in line with investor expectations. How Stocks Trade The Dow Jones Industrial Average DJIA, +0.52% advanced 332 points, or 1.1%, to 31,999. The S&P 500 SPX, +0.52% rose 45 points, or 1.2%, to 4,015. The Nasdaq … Read more

Wall Street plummets for 4th straight session on Fed outlook

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., August 22, 2022. REUTERS/Brendan McDermid Join now for FREE unlimited access to Reuters.com Register Snap jumps as it restructures advertising business and lays off staff Bed Bath & Beyond sinks in corporate overhaul Dow down 0.57%, S&P 500 down … Read more

Wall Street drops for third straight session on concern over Fed rate hike

A trader works on the floor of the New York Stock Exchange (NYSE) in New York, U.S., August 29, 2022. REUTERS/Brendan McDermid Join now for FREE unlimited access to Reuters.com Register Best Buy sales beat estimates as discounts drive demand July job openings up sharply Dow down 1.02%, S&P 500 down 1.22%, Nasdaq down 1.45% … Read more

EXCLUSIVE US warships making Taiwan Strait crossing, first since Pelosi’s visit – officials

The flags of Taiwan and the United States are placed for a meeting in Taipei, Taiwan March 27, 2018. REUTERS/Tyrone Siu/File Photo Join now for FREE unlimited access to Reuters.com Register WASHINGTON, Aug 27 (Reuters) – Two U.S. Navy warships are navigating international waters in the Taiwan Strait, three U.S. officials told Reuters, the first … Read more

Wall Street ends well as Powell speech affirms hawkish rate stance

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., August 15, 2022. REUTERS/Brendan McDermid/File Photo Join now for FREE unlimited access to Reuters.com Register Fed will continue to tighten until inflation is under control – Powell Core PCE rises 0.1% in July compared to a rise of 0.6% … Read more