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Stocks fell sharply after the Federal Reserve held rates steady, while investors worried that rate hikes were coming later this year as the war in Iran escalated.
The Dow Jones Industrial Average tumbled 1,152 points after Kevin Warsh’s press conference sent bond yields flying. The Dow sank 2.2%. The Nasdaq 100 fell 2.1%, putting the index 10% below its June 2 closing high.
US equity indexes fell Wednesday as crude oil prices jumped after Iran's surprise missile attack, wh
Major digital assets were mixed on Wednesday with Bitcoin (BTC-USD) holding above $63,000. The Co
Energy stocks rose late Wednesday afternoon, with the NYSE Energy Sector Index gaining 2.3% and the
After a brief relief rally, stock market selling accelerated again heading into the close. The Dow Jones Industrial Average sank 1,000 points, or 1.9%. The S&P 500 fell 1%. The Nasdaq dropped 0.9%. The S&P and Nasdaq both were on pace to mark intraday comebacks but lost steam as traders digested the latest updates from Federal Reserve Chairman Kevin Warsh.
The S&P 500 and Nasdaq Composite were struggling to hold onto gains as after Fed Chairman Kevin Warsh took questions from reporters. The S&P 500 was back down 0.2% after briefly popping during Warsh’s presser. The Nasdaq was up just 0.1%.
The Nasdaq Composite is mounting its biggest comeback on a Federal Reserve decision day in more than four years. The tech-heavy index was up 0.4% as Fed Chairman Kevin Warsh took questions from reporters. It was down nearly 1.6% at its low today; if it closes higher, it would mark its biggest reversal from an intraday low to positive territory on a Fed decision day since May 4, 2022, according to Dow Jones Market Data.
As Federal Reserve Chairman Kevin Warsh began his press conference, stocks had erased most of their post-decision pop. The Dow Jones Industrial Average was down 775 points, or 1.5%. The S&P 500 was down 0.
Energy stocks were higher Wednesday afternoon, with the NYSE Energy Sector Index rising 2.5% and the
The stock's price has risen nearly 50% this year.
Energy stocks were higher Wednesday afternoon, with the NYSE Energy Sector Index rising 2.5% and the
With an hour to go until the Federal Reserve’s big rate-cut decision, the stock market is already selling off. The Dow Jones Industrial Average was down 823 points, or 1.6%. The Nasdaq Composite dropped 1%.
Chip stocks extended a losing streak while traders await Fed Chair Kevin Warsh's rate announcement Wednesday afternoon
The FTSE 100 was lifted by well-received earnings and gains in BP and Shell as the oil price strengthened.
During an interview with Fox News on Wednesday, Trump warned that the United States will be “hitting Iran hard” following the attack on U.S. bases in Jordan.
Oil, gold and crypto ETFs outperformed last week as Middle East tensions lifted commodities despite a broad tech-led market selloff.
The stock market was a sea of red Wednesday morning, but the Dow was having an especially bad day. The Dow Jones Industrial Average was down 820 points, or 1.6%, while the S&P 500 was down 0.8%. The Nasdaq Composite was down 1.1%.
GE HealthCare reports earnings per share of $1.13 from sales of $5.3 billion. Wall Street was looking for $1.04 a share and $5.3 billion, respectively.
The latest oil spike was sending the Dow tumbling, but the Federal Reserve’s interest-rate decision and a gauntlet of earnings loom. The Dow Jones Industrial Average fell 700 points, or 1.3%. The S&P 500 was down 0.
Ford announced an operating profit of $2.5 billion from sales of $48.3 billion. Things look OK for the U.S. car business.
West Texas Intermediate crude jumped nearly 7% after Iran launched missiles at U.S. forces, complicating the Fed's rate calculus
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