NEW YORK — Stocks are swinging through mixed trading on Wall Street Thursday following reports suggesting the economy and corporate profits may be doing better than feared. The S&P 500 was virtually unchanged in late morning trading after an earlier […]
WASHINGTON — The U.S. economy expanded at a 2.9% annual pace from October through December, ending 2022 with momentum despite the pressure of high interest rates and widespread fears of a looming recession. Thursday’s estimate from the Commerce Department showed […]
Wall Street’s losses deepened Thursday as worries that the U.S. may be headed for a painful recession kept stock traders in a selling mood. The S&P 500 and Dow Jones Industrial Average each fell 0.8%, their third straight drop. The […]
NEW YORK — Stocks are drifting higher on Wall Street Tuesday, largely stuck in a holding pattern ahead of some potentially market-moving reports scheduled for later in the week. The S&P 500 was 0.5% higher in afternoon trading after flipping […]
NEW YORK — Wall Street is rising Tuesday after a report showed inflation cooled more than expected last month, offering hope that pressure may ease on an already squeezed economy. The S&P 500 was 1% higher in afternoon trading. The […]
Worries about inflation weighed on Wall Street, leaving major indexes mixed after another bumpy day of trading. The S&P 500 ended down 0.1% and the Nasdaq lost 0.2% after being down even more earlier in the day. The Dow ended […]
NEW YORK — Stocks closed higher on Wall Street after another day of uncertain trading as markets weighed the latest reading on the jobs market and what it means for interest rates and the odds of a recession. The S&P […]
WASHINGTON — The U.S. economy grew at a 2.6% annual rate from July through September, snapping two straight quarters of contraction and overcoming high inflation and interest rates just as voting begins in midterm elections in which the economy’s health […]
NEW YORK— Stocks fell in midday trading on Wall Street Friday as investors weighed the latest updates on inflation expectations, consumer spending and corporate earnings. A report showing U.S. consumers raised their expectations for future inflation hurt markets worldwide, offering […]
NEW YORK — The Dow Jones Industrial Average sank more than 1,250 points Tuesday, its steepest sell-off in more than two years, after a government report showed that inflation is maintaining a surprisingly strong grip on the U.S. economy. The […]
WASHINGTON — President Joe Biden gathered a crowd of thousands at the White House Tuesday to celebrate last month’s passage of the Inflation Reduction Act, even as a new government report showed how hard it could be to bring surging prices […]
WASHINGTON— Lower gas costs slowed U.S. inflation for a second straight month in August, but most other prices across the economy kept rising — evidence that inflation remains a heavy burden for American households. Consumer prices rose 8.3% from a year […]
WASHINGTON — America’s employers added a healthy number of jobs last month, yet slowed their hiring enough to potentially help the Federal Reserve in its fight to reduce raging inflation. The economy gained 315,000 jobs in August, a still-solid figure […]
JACKSON HOLE, Wyoming — Federal Reserve Chair Jerome Powell delivered a stark message Friday: The Fed is determined to fight inflation with more sharp interest rate hikes, which will likely cause pain for Americans in the form of a weaker economy […]
NEW YORK — An afternoon pullback left stock indexes on Wall Street mixed, erasing most of their morning gains fueled by another encouraging report about inflation. The S&P 500 closed 0.1% lower Thursday. The Nasdaq also fell, while the Dow […]
WASHINGTON — Falling prices for gas, airline tickets and clothes helped give Americans a slight break from the pain of high inflation last month, though overall price increases slowed only modestly from a four-decade high that was reached in June. Consumer […]
WASHINGTON — U.S. employers added an astonishing 528,000 jobs last month despite flashing warning signs of an economic downturn, easing fears of a recession and handing President Joe Biden some good news heading into the midterm elections. Unemployment dropped another […]
WASHINGTON — The U.S. economy shrank from April through June for a second straight quarter, contracting at a 0.9% annual pace and raising fears that the nation may be approaching a recession. The decline that the Commerce Department reported Thursday […]
WASHINGTON — What started as a $4 trillion effort during President Joe Biden’s first months in office to rebuild America’s public infrastructure and family support systems has ended up a much slimmer, but not unsubstantial, compromise package of inflation-fighting health care, climate change […]
WASHINGTON — The Federal Reserve on Wednesday raised its benchmark interest rate by a hefty three-quarters of a point for a second straight time in its most aggressive drive in three decades to tame high inflation. The Fed’s move will […]
Big retailers and technology companies led stocks lower on Wall Street Tuesday after Walmart warned that inflation is hurting American consumers’ spending power. The sell-off comes ahead of the Federal Reserve’s latest interest rate policy statement on Wednesday, when economists […]
WASHINGTON — The U.S. economy is caught in an awkward, painful place. A confusing one, too. Growth appears to be sputtering, home sales are tumbling and economists warn of a potential recession ahead. But consumers are still spending, businesses keep posting profits and the […]
WASHINGTON — Conflicting signs about the health of the U.S. economy have thrust the Federal Reserve into a difficult spot. With inflation raging at a four-decade high, the job market strong and consumer spending still solid, the Fed is under pressure to raise interest rates aggressively. […]
PHOENIX — Long lines are back at food banks around the U.S. as working Americans overwhelmed by inflation turn to handouts to help feed their families. With gas prices soaring along with grocery costs, many people are seeking charitable food […]
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Wall Street Swings In Mixed Trading On Economy, Earnings Copyright © 2023 Front Street. All Rights Reserved.
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