Text size Fed Chair Jerome Powell will host a press conference at 2:30 pm Eastern. Graeme Jennings/POOL/AFP via Getty Images After a brief bout of weakness, the stock market ended the day sharply higher after the Federal Reserve raised interest rates by a quarter-point and signaled that another six could follow. It was a wild […]
US stocks climbed and bond yields jumped Wednesday after the Federal Reserve officially said it would raise interest rates for the first time since 2018. The S&P 500 was up 1.3% in recent trading. The tech-focused Nasdaq Composite advanced 2.4%, and the Dow Jones Industrial Average rose 0.5%. The indexes initially pared their gains in […]
US government bonds yields rose sharply on Wednesday after the Federal Reserve said it would lift short-term interest rates and signaled they could reach nearly 2% by the end of the year. In recent trading, the yield on the benchmark 10-year US Treasury note was 2.239%, according to Tradeweb, compared with 2.160% Tuesday. The two-year […]
Companies are unveiling plans to repurchase their own shares at a record pace, lending support to the battered stock market. Firms in the S&P 500 have outlined buyback plans valued at $238 billion through the first two months of 2022, according to data from Goldman Sachs Group Inc. GS 1.29% a high for this point […]
Stocks and oil prices tumbled Monday as investors assessed the impact of new Covid-19 outbreaks in China and awaited a likely interest-rate increase by the Federal Reserve later this week. The technology-focused Nasdaq Composite dropped 262.59 points, or 2%, to 12581.22, its lowest level since December 2020, as China locked down the key manufacturing regions […]
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