Wall Street ends lower, Dow confirms bear market

Register now for FREE unlimited access to Reuters.com Register Fed rate hikes have investors ‘throwing in the towel’ Casinos jump as Macau allows tour groups after nearly 3 years Indexes: Dow -1.11%, S&P 500 -1.03%, Nasdaq -0.60% Sept 26 (Reuters) – Wall Street slid deeper into a bear market on Monday, with the S&P 500 … Read more

Stocks crashing? No, but here’s why this bear market feels so painful — and what you can do about it.

Hashtags about a stock-market crash may be trending on Twitter, but the selloff that has sent US equities into a bear market has been relatively orderly, say market professionals. But it’s likely to get more volatile – and painful – before the market stabilizes. It was indeed a white-knuckle ride for investors Friday as the … Read more

US stocks suffer another week of losses, Dow ends lowest since November 2020 as bond yields hammer equities after Fed rate hike

US stocks closed sharply lower Friday, with the Dow Jones Industrial Average ending at its lowest closing value since November 2020. All three major benchmarks suffered another week of losses as bond yields rose in the wake of the Federal Reserve’s interest rate hike on Wednesday. For the week, the Dow dropped 4% while the … Read more

Wharton’s Jeremy Siegel accuses Fed of making one of the biggest policy mistakes in its 110-year history

““I think we’re giving Powell too much praise. … The last two years are one of the biggest policy mistakes in the 110-year history of the Fed by staying so easy when everything was booming. ““ – Jeremy Siegel Wharton professor Jeremy Siegel has a bone to pick with Federal Reserve Chair Jerome Powell. The … Read more

Growling Powell causes Goldman to cut its S&P 500 price target. Again.

During the height of the bull market – which, boy, seems so long ago – the call-option crazy punters inhabiting the Wallstreetbets channel had a favorite meme to explain why stocks would keep going higher. “Money Printer Go Brrr” featured a Rambo-esque Jay Powell, chair of the Federal Reserve, determinedly firing out greenbacks to whoever … Read more

Wall Street ends down for third day as growth concerns weigh on tech

Register now for FREE unlimited access to Reuters.com Register Tech stocks down in aftermath of Fed’s latest rate move Investors concerned about possibility of recession Darden Restaurants falls on downbeat quarterly sales JetBlue posts lowest close since March 2020 Indexes down: Dow 0.35%, S&P 0.84%, Nasdaq 1.37% Sept 22 (Reuters) – Major Wall Street indexes … Read more

Why investors fear a full-percentage-point Fed rate hike would ‘unnerve’ Wall Street

The Fed has delivered two 75 basis point interest-rate hikes so far this year. A previous version of this story said it had delivered three. With both US stocks and bonds under pressure on Tuesday, some on Wall Street argue that investors are underestimating the possibility that the Fed might deliver a surprise 100-basis-point interest-rate … Read more

Wall Street falls as Fed focus, Ford forecasts, frighten investors

Register now for FREE unlimited access to Reuters.com Register All eyes on Fed policy decision on Wednesday Ford sees additional $ 1 bln in inflationary costs, shares fall Nike slips after Barclays downgrade on China lockdown concerns Indexes down: Dow 1.73%, S&P 1.8%, Nasdaq 1.58% Sept 20 (Reuters) – Wall Street fell on Tuesday as … Read more

Wall Street ends higher after choppy trading ahead of Fed

Register now for FREE unlimited access to Reuters.com Register All eyes on Fed policy decision on Wednesday Traders price in small chance of 100 bps rate hike Take Two’s GTA VI gameplay footage leaked online Knowbe4 jumps on take-private offer Sept 19 (Reuters) – Wall Street’s main indexes closed higher on Monday after seesawing during … Read more

Dow finishes nearly 200 points lower as Treasury yields rise

US stocks closed lower on Thursday with technology stocks leading the way down, as bond yields marched further ahead of a likely Federal Reserve interest rate rise next week. What happened? The Dow Jones Industrial Average DJIA, -0.56% finished 173.27 points lower, down 0.6%, at 30,961.82. The S&P 500 SPX, -1.13% dropped 44.66 points, or … Read more