The recent slide in stocks has the S&P 500 approaching a bear market, Wall Street’s label for a sustained downturn in the markets that reflects serious pessimism about the outlook for the economy. A stock or an index enters a bear market, at least by most conventional definitions, when it has dropped 20 percent from […]
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May 5 May 6 May 9 4,050 4,100 4,150 4,200 Stocks on Wall Street slid further on Monday as new data from China raised fresh concerns about the outlook for the global economy for investors already wary of high inflation, rising interest rates and continuing supply chain disruptions. The S&P 500 fell 1.7 percent in […]
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That hope is under threat, as the Federal Reserve proceeds with a plan to increase borrowing costs by quickly raising interest rates to rein in some lending, consumer spending, business investment and demand for labor. Despite various challenges, the most optimistic market participants predict that employers, workers and consumers can experience a so-called “soft landing” […]
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Twitter said late Sunday that Elon Musk, its biggest shareholder, would not be joining its board of directors.Credit…Suzanne Cordeiro/Agence France-Presse — Getty Images By Mike Isaac Mike Isaac, who has been on Twitter since 2009, covers social networking companies and Silicon Valley. Elon Musk, the world’s wealthiest man and the biggest shareholder of Twitter, will […]
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Global stocks climbed on Tuesday after Russia’s Defense Ministry announced that the country would pull back from its military standoff in Ukraine, easing concerns over disruptions in global energy supplies. The Stoxx Europe 600 climbed 1.2 percent, while Germany’s DAX index rose 1.6 percent and the CAC 40, the benchmark index in France, was up […]
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Stocks struggled to find direction on Thursday, continuing this week’s volatile trading, as investors reviewed new data on the state of the economy and priced in their worries about the Federal Reserve’s plan to raise interest rates. The S&P 500 swung from gains to losses in midday trading, flirting with correction territory for the third […]
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The Federal Reserve on Wednesday said it would “soon” be appropriate to raise interest rates, as inflation runs above policymakers’ preferred target and the job market strengthens. Although central bankers left rates unchanged at near-zero — where they have been set since March 2020 — the revised statement after their two-day policy meeting laid the […]
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So a slide in prices that removes some of that excess was long overdue, many market watchers said. “We haven’t had a correction in a long time,” said Lindsey Bell, the chief money and markets strategist at Ally Invest. “While this sell-off in the past couple of weeks feels uncomfortable, the good news is that, […]
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After falling for a fourth day in a row on Friday, the stock market suffered its worst week in nearly two years, and so far in January the S&P 500 is off to its worst start since 2016. Technology stocks have been hit especially hard, with the Nasdaq Composite Index dropping more than 10 percent […]
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