Author: Stan Choe
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Wall Street edges back from its records after gold tops $4,000 per ounce
NEW YORK (AP) — Wall Street’s record-breaking rally is running out of momentum on Tuesday after the price of gold topped $4,000 per ounce for the first time. The S&P 500 dipped 0.4%, coming off its latest all-time high and heading for its first drop following a seven-day winning streak. The Dow Jones Industrial Average…
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Wall Street edges back from its records after gold tops $4,000 per ounce
NEW YORK (AP) — Wall Street’s record-breaking rally is running out of momentum on Tuesday after the price of gold topped $4,000 per ounce for the first time. The S&P 500 dipped 0.4%, coming off its latest all-time high and heading for its first drop following a seven-day winning streak. The Dow Jones Industrial Average…
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Recession has struck some of the world’s top economies. The US keeps defying expectations
Both Japan and the United Kingdom said Thursday their economies weakened during the final three months of 2023
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Oil’s chaotic collapse deepens; stocks drop worldwide
NEW YORK • Oil prices crumpled even further Tuesday, and U.S. stocks sank to their worst loss in weeks as worries swept markets worldwide about the economic carnage caused by the coronavirus pandemic. The market’s spotlight was again on oil, where prices have plummeted because very few people are flying or driving, and factories have…
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Stocks sink, bonds soar on fears virus will stunt economy
Stocks fell sharply again Tuesday, piling on losses a day after the market’s biggest drop in two years as fears spread that the growing virus outbreak will put the brakes on the global economy. Nervous investors snapped up low-risk U.S. government bonds, sending the yield on the 10-year Treasury note to a record low. The…
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Dow industrials sink 831 points as tech companies plunge
NEW YORK • U.S. stocks plunged Wednesday as investors, fearful that rising interest rates and trade tensions could hurt company profits, ramped up their selling of high-flying technology and internet stocks. The Dow Jones Industrial Average fell 831 points, its worst loss in eight months. The losses were widespread, and stocks that have been the…
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Sprint and T-Mobile agree to combine in all-stock deal
NEW YORK — T-Mobile and Sprint announced Sunday that they reached an agreement to combine into a new company that would reshape the U.S. wireless landscape by reducing it to three major cellphone providers. The deal would help the companies slash costs and could make them a stronger competitor to the larger AT&T and Verizon.…
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Resurgent tech stocks lift US indexes to records
NEW YORK — U.S. stock indexes climbed again to record heights on Monday, led by technology companies. They followed the lead of European markets, which jumped after French election results raised expectations for more pro-business economic reforms. KEEPING SCORE: The Standard & Poor’s 500 index rose 17 points, or 0.7 percent, to 2,450, as of…
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The bump isn’t just Trump: What’s driving the stock rally
NEW YORK — The stock market is hitting new heights, and yes, excitement about President Trump’s policies is part of the reason for it. But it’s not the only one, analysts say. Even if Donald Trump had lost the election, many professional investors and analysts say they still would have expected stocks to rise, just…