Articles written by Damian J. Troise
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Wall Street slips in 2023 open after ending dismal year
Stocks gave up an early gain and ended lower Tuesday, a lackluster first trading day of 2023 for Wall Street just days after it closed the books on its worst year since 2008. The S&P 500 shed a 1% gain and finished 0.4% lower. The Dow Jones...
Stocks rally to higher close as job market remains strong
A relatively light day of trading on Wall Street ended Thursday with a broad rally for stocks as investors welcomed new jobless benefits data that shows the labor market remains strong. The S&P 500 rose 1.7%, with roughly 95% of stocks within the ben...
S&P 500 closes out dismal year with worst loss since 2008
Stocks are closing out 2022 with more losses, giving the S&P 500 its worst year since 2008. The benchmark index fell 0.3% Friday, the last trading day of the year, leaving it down 19.4% for the year. The technology-heavy Nasdaq and the Dow also fell...
US stocks sink as Fed signals it will remain aggressive
Stocks tumbled on Wall Street and across European markets Thursday as investors grew increasingly concerned that the Federal Reserve and other central banks are willing to risk a recession to bring inflation under control. The S&P 500 fell 2.5%,...
Wall Street rally marks first weekly win streak since summer
Technology stocks led a broad rally on Wall Street Friday, capping another strong week for the market, as investors welcomed solid profits from Apple and other companies. The S&P 500 rose 2.5% and posted its first back-to-back weekly gains since...
US stocks end mixed a day after Dow entered a bear market
A wobbly day of trading on Wall Street ended with a mixed finish for U.S. stock indexes Tuesday as markets stagger amid worries about a possible recession. The volatile trading comes a day after a broad sell-off sent the Dow Jones Industrial Average...
Stocks fall on recession fears; Dow slips into bear market
The Dow Jones Industrial Average became the last of the major U.S. stock indexes to fall into what's known as a bear market Monday as the market deepened its slump amid growing fears of a global recession. The blue chip index fell 1.1%, while the S&P...
Dow sinks to 2022 low as recession fears roil world markets
Stocks fell sharply worldwide Friday on worries an already slowing global economy could fall into recession as central banks raise the pressure with additional interest rate hikes. The Dow Jones Industrial Average fell 1.6%, closing at its lowest lev...
Stocks drift lower, extending losses into 4th straight week
Stocks closed lower on Wall Street Tuesday, extending the market's losses into a holiday-shortened week. The S&P 500 fell 0.4% after bouncing between a gain of 0.5% and a loss of 1%. The Dow Jones Industrial Average fell 0.6% and the Nasdaq lost...
Stocks post another loss as markets worry about higher rates
Stocks fell again on Wall Street, posting their third loss in a row as traders worry that high interest rates are here to stay for a while. The S&P 500 fell 1.1% Tuesday, bringing its loss in the past three days to 5.1%. The Dow Jones Industrial...
Stocks fall as JPMorgan warning helps send banks lower
NEW YORK (AP) — Stocks closed broadly lower on Wall Street Thursday as JPMorgan Chase opened the latest round of corporate earnings for big banks with weak results and a warning about the economy. Wall Street is also assessing the latest g...
Stocks dip deeper into bear market ahead of big Fed news
NEW YORK (AP) — Most stocks on Wall Street dipped Tuesday in their first trading after tumbling into a bear market on worries that high inflation will push central banks to clamp the brakes too hard on the economy. The S&P 500 fell 14.15, or 0.4%, t...
Wall Street ends higher following 7 straight weeks of losses
NEW YORK (AP) — Stocks closed broadly higher Monday, an upbeat start to the week on Wall Street after seven weeks of declines that nearly ended the bull market that began in March 2020. The S&P 500 rose 1.9%, with technology and financial sector s...
Final-hour rally yanks Wall Street from maw of bear market
NEW YORK (AP) — Wall Street rumbled to the edge of a bear market Friday after another drop for stocks briefly sent the S&P 500 more than 20% below its peak set early this year. The S&P 500 index, which sits at the heart of most workers' 401(k) a...
Stocks end mostly lower, extending losing streak for S&P 500
NEW YORK (AP) — Stocks ended another wobbly day mostly lower on Wall Street Monday, extending a losing streak for markets. The S&P 500 couldn't hold on to an afternoon gain and ended down 0.4%. The benchmark index is coming off a six-week losing s...
Stocks slump 3% as worries grow over higher interest rates
NEW YORK (AP) — A sharp sell-off left the Dow Jones Industrial Average more than 1,000 points lower Thursday, wiping out the gains from Wall Street's biggest rally in two years, as worries grow that the higher interest rates the Federal Reserve is u...
Tech stocks sink again, Nasdaq has worst month since 2008
The Dow Jones Industrial Average slumped more than 900 points Friday as another sharp sell-off led by technology stocks added to Wall Street's losses in April, leaving the S&P 500 with its biggest monthly skid since the start of the pandemic. A...
Tech stocks rally after an early loss, leading market higher
NEW YORK (AP) — Stocks rose broadly on Wall Street in afternoon trading Tuesday as technology stocks rallied following a weak start. The S&P 500 rose 1.7% as of 3:29 p.m. Eastern. The Dow Jones Industrial Average rose 517 points, or 1.5%, to 3...
Stocks turn lower on Wall Street after best week since 2020
Stocks capped a day of choppy trading on Wall Street with a modestly lower finish Monday, giving back some of their recent gains after the major indexes notched their best week in more than a year. The S&P 500 slipped less than 0.1% after giving up...
Stocks slide further amid Ukraine crisis; S&P in correction
NEW YORK (AP) — Stocks closed broadly lower Tuesday after Russia sent forces into Ukraine's eastern region and the U.S., European Union and U.K. responded with economic sanctions. The rising geopolitical tensions kept financial markets on edge, p...
Stocks climb back after steep slide on Fed, Ukraine jitters
NEW YORK (AP) — Stocks finished a volatile day slightly higher on Monday after reversing a steep slide caused by uncertainty over inflation-fighting measures from the Federal Reserve and the possibility of conflict between Russia and Ukraine. A l...
Stocks sink as omicron, rate worries rattle Wall Street
NEW YORK (AP) — Already unnerved by the newest coronavirus variant, Wall Street's losses deepened on Tuesday after the head of the Federal Reserve said it will consider shutting off its support for financial markets sooner than expected. The S&P 500...
Stocks rise broadly on Wall Street ahead of Fed statement
Stocks rose broadly on Wall Street Wednesday ahead of an update from the Federal Reserve on how and when it might begin easing its extraordinary support measures for the economy. The S&P 500 rose 1% as of 1:17 p.m. Eastern. The Dow Jones Industrial...
Stocks move higher on Wall Street after 3 days of losses
Stocks were moderately higher in afternoon trading Thursday, putting the market on pace to break a three-day losing streak. Investors were encouraged by the latest jobs data that showed fewer Americans filing for unemployment benefits, another sign...
Stocks mostly climb, except tech, as inflation worries ease
A benign reading on inflation helped spur stocks on Wall Street broadly higher, sending the Dow Jones Industrial Average to an all-time high. The S&P 500 rose 0.6%, led by gains in energy and financial stocks. Technology companies fell, giving back...
