Wall Street

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Tech Sell-Off Deepens, Driving Stocks Down
Tech Sell-Off Deepens,
Driving Stocks Down
markets

Tech Sell-Off Deepens, Driving Stocks Down

Concern builds about AI investment

(Newser) - A sell-off for tech stocks got even worse Friday on worries that Wall Street's frenzy around artificial intelligence technology has sent prices too high.
  • The Dow fell 572.25 points, or 1.1%, to 51,770.31, dropping 0.9% for the week.
  • The S&P 500 fell 140.
...

Oil Price Jump Hurts Shares
Oil Price Jump Hurts Shares

markets

Oil Price Jump Hurts Shares

Almost three-fourths of S&P 500 stocks drop

(Newser) - Stocks on Wall Street closed broadly lower Friday as oil prices climbed to their highest level in more than four years, ratcheting up pressure on the market.
  • The Dow fell 652.82 points, or 1.2%, to 52,215.16, ending the week up 0.4%.
  • The S&P 500
...

Stocks Close Worst Week Since June
Stocks Close
Worst Week
Since June
markets

Stocks Close Worst Week Since June

Tech sell-off drags market down

(Newser) - A broad sell-off in technology companies pulled stocks lower on Wall Street on Friday, capping off the market's worst week since late June.
  • The Dow fell 175.28 points, or 0.3%, to 52,002.41, rising 0.7% for the week.
  • The S&P fell 84.62 points,
...

Energy Stocks Rise With Oil Prices, but Tech Slips
Trading Is Mixed
as Investors
Await Fresh Data
markets

Trading Is Mixed as Investors Await Fresh Data

Energy stocks rise, tech slips

(Newser) - Wall Street kicked off what figures to be a busy week on Monday with a mixed finish for the major US stock indexes, though the market remained near its all-time high.
  • The Dow rose 195.60 points, or 0.4%, to 51,850.55.
  • The S&P 500 fell 4.
...

Indexes Climb to Wrap Up Record Week
Indexes Climb
to Wrap Up
Record Week

markets

Indexes Climb to Wrap Up Record Week

Shares in companies that own cell towers jump

(Newser) - The US stock market finished its record-setting week with gains on Friday, even as other financial markets remained indecisive.
  • The Dow rose 423.31 points, or 0.8%, to 51,654.95, closing the week up 0.9%.
  • The S&P 500 rose 46.18 points, or 0.6%, to
...

Amid Angst for Rest of Us, Good News for Wall Street

Rising bank profits, set to reach $90B for the year, means Wall Street bonuses are spiking again

(Newser) - Wall Street's bonus machine isn't slowing down, and New York is poised to cash in. New York State Comptroller Thomas DiNapoli expects the securities industry bonus pool to grow this year, even though the city had penciled in a sharp decline, reports the Wall Street Journal . Banks are...

Indexes Near Record After Jobs Report
Indexes Near Record
After Jobs Report
markets

Indexes Near Record After Jobs Report

Tesla's shares climb as Nike's drops

(Newser) - US stocks climbed near to their all-time high on Friday after the latest update on the job market cooled worries that a potentially hot economy could make inflation much worse.
  • The Dow rose 250.40 points, or 0.5%, to 51,176.96, but finished the week down 1.3%.
...

With a Break on Oil Prices, Indexes Close a Winning Week

Costco climbs on quarterly profits

(Newser) - A cooldown in oil prices on Friday helped release some of the pressure that's built up on Wall Street, and US stocks closed out their first winning week in the last three.
  • The Dow rose 478.64 points, or 0.9%, to 51,828.62, ending the week 0.
...

Ending a Mixed Week, Most Stocks Decline
Ending a Mixed Week,
Most Stocks Decline
markets

Ending a Mixed Week, Most Stocks Decline

GM shares fall, Coinbase Global's climb

(Newser) - Wall Street capped an up-and-down week Friday with a mixed finish for US stock indexes, as elevated bond yields and oil prices weighed on the market.
  • The Dow fell 95.40 points, or 0.2%, to 51,682.64, to finish down 1.7% for the week.
  • The S&P
...

Stocks Bounce Back After Oil Price Drop, Inflation Report

Data reinforces expectations on interest rates

(Newser) - US stocks rebounded Friday and regained much of their losses for the week after oil prices eased off their recent spurt. An update on inflation across the nation that came in close to economists' expectations, even if prices are still rising too quickly for everyone's liking, also helped calm...

Stocks Fall After Jobs Report Adds to Interest Rate Concerns

Tech stocks climb, countering losses elsewhere

(Newser) - US stocks fell and Treasury yields rose Friday after the government reported that employers unexpectedly added 162,000 jobs last month, a development that could increase chances that the central bank will raise interest rates later this month.
  • The Dow fell 271.86 points, or 0.5%, to 53,414.
...

Indexes Fall After US Strike
Indexes Fall
After US Strike
markets

Indexes Fall After US Strike

Oil prices rise, closing out the most expensive August on record

(Newser) - Wall Street closed out August on a downbeat note Monday as stocks fell and the price of oil rose after the US launched its first military action in a month against Iran.
  • The Dow fell 374.09 points, or 0.7%, to 53,185.90.
  • The S&P 500 fell
...

Stocks Fall Slightly After Warsh's Speech
Stocks Fall
Slightly After
Warsh's Speech
markets

Stocks Fall Slightly After Warsh's Speech

Economists find resolve on inflation reassuring

(Newser) - The bond market swung Friday as investors built bets that the Federal Reserve will hike interest rates soon to get inflation under control. US stocks, meanwhile, dipped but not by much after economists said a speech by Chairman Kevin Warsh helped strengthen faith that the Fed will do what's...

Nvidia, Salesforce Help Raise Indexes
Tech Stocks Drive Indexes Up
markets

Tech Stocks Drive Indexes Up

Performance in other sectors is mixed

(Newser) - Technology stocks led Wall Street on Thursday after Nvidia, Salesforce and others reported even fatter profits for the spring than analysts expected.
  • The Dow rose 105.56 points, or 0.2%, to 53,569.44.
  • The S&P 500 rose 55.29 points, or 0.7%, to 7,730.99.
...

Big Banks Subpoenaed Over Hedge Fund Run by 24-Year-Old

SEC is investigating Leopold Aschenbrenner's Situation Awareness for leveraged AI trading spree

(Newser) - A hedge fund that soared on the AI boom and then stumbled hard is now on the SEC's radar. Regulators have issued subpoenas to banks that financed Situational Awareness, a San Francisco firm run by 24-year-old Leopold Aschenbrenner, seeking details on its trading and borrowing practices, sources familiar with...

Stocks Rebound to Close Out a Down Week
Stocks Rebound to
Close Out a Down Week
markets

Stocks Rebound to Close Out a Down Week

Ross Stores, Robinhood Markets have a good day

(Newser) - US stocks rose Friday and trimmed their losses from a shaky week. That was even though the bond market, which has been the center of Wall Street's action, remained jumpy and continued to add pressure.
  • The Dow rose 517.80 points, or 1%, to 53,277.01, ending the
...

Walmart's Worst Day in 4 Years Helps Drive Broader Stock Drop

Relief from Treasury Department move fades

(Newser) - The relief that swept the bond market just a day earlier disappeared on Thursday as oil prices, worries about high inflation, and the US government's debt kept rising. That helped knock the stock market to its worst day in three weeks, with Walmart leading the way on concerns about...

Stocks Rise After Profit Reports, Treasury Department's Move

Estee Lauder jumps 16%, Target climbs 4%

(Newser) - US stocks rose Wednesday after the Treasury Department announced a move that could ease pressure coming from the bond market. Strong profit reports for the spring from Estee Lauder, Target, and other companies also helped support Wall Street.
  • The Dow rose 119.65 points, or 0.2%, to 53,463.
...

Tech Stocks Lead Decline in AI Uncertainty
Tech Stocks Lead Decline
During AI Uncertainty
markets

Tech Stocks Lead Decline During AI Uncertainty

Meta shares drop as trial begins

(Newser) - Wall Street pulled further from its all-time high on Tuesday as AI stocks got back to sinking.
  • The Dow dipped 116.38, or 0.2%, to 53,343.40.
  • The S&P 500 fell 53.30 points, 0.7%, to 7,691.76 for a third straight modest loss since
...

Stocks Decline as Oil Prices Rise
Stocks Slip as Oil Prices Rise
markets

Stocks Slip as Oil Prices Rise

Alphabet drops despite Berkshire Hathaway's buy

(Newser) - U.S. stocks edged further from their record heights on Monday after rising oil prices cranked up the pressure on inflation and financial markets.
  • The S&P 500 fell 40.70 points to 7,745.06, a drop of 0.5%. It nonetheless remains near its all-time high set Thursday.
...

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