Stock market today: Wall Street recoils after good news on the economy raises inflation worries
U.S. stocks fell Friday on worries that good news on the job market may be too good and prove to be bad for Wall Street by keeping inflation and interest rates high. The S&P 500 tumbled 1.5% to close its fourth losing week in the last five.
Stock market today: Dow, S&P 500, Nasdaq sink amid jobs report surprise, fresh inflation worries
The Dow Jones Industrial Average ( ^DJI) sank about 1.6%, or close to 700 points, while the S&P 500 ( ^GSPC) also fell 1.5%. The tech-heavy Nasdaq Composite ( ^IXIC) tumbled 1.6%. The three major gauges erased all year-to-date gains with Friday's pullback.
Global Stock Markets Mixed as Wall Street Closed to Honor Jimmy Carter
Global stock markets were mixed on Thursday as Wall Street remained closed to honor the late former President Jimmy Carter. The U.S. stock market was closed Thursday in observance of a National Day of Mourning for Carter who died at the age of 100 late last month.
Stock market today: A mixed day for world shares as Wall Street steadies
World shares were mixed on Thursday after the latest U.S. economic data calmed frazzled nerves on Wall Street. U.S. futures edged lower, with the contract for the S&P 500 down 0.2% and that for the Dow Jones Industrial Average less than 0.
Stock market today: Good news on the economy fans inflation fears and drags Wall Street lower again
U.S. stocks are recoiling on worries that good news on the job market may be too good and prove to be bad for Wall Street by keeping inflation and interest rates high. The S&P 500 was down 0.9% early Friday.
Gold Glitters as Inflation Fears Rise Again.
Spiking bond yields and falling hopes for rate cuts are giving gold a lift. What’s ahead for the precious metal.
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To summarize, the Federal Reserve has already lowered by 50% the number of anticipated interest rate cuts in 2025. It was ...
IMF chief forecasts steady world growth in 2025, continuing disinflation
With inflation moving closer to US Federal Reserve's target, and data showing a stable labor market, the Fed could afford to ...