Category: Stock Market
U.S. stocks finished the week in the red after a still-strong September jobs report Friday suggested the central bank would not alter the course of monetary policy soon. The Dow Jones Industrial Average DJIA, -2.11% fell 630 points, or 2.1%, to finish at 29,297. The S&P 500 SPX, -2.80% lost 2.8%, while the Nasdaq Composite […]
U.S. stocks were tumbling to new session lows Friday afternoon after a strong jobs report for September reinforced a view on Wall Street that the Federal Reserve will keep tightening financial conditions to tame high inflation. The Dow Jones Industrial Average DJIA, -2.23% was down about 688 points, or 2.3%, near 29,240, after setting a […]
U.S. stocks touched fresh session lows Friday afternoon after a jobs report for September showed no signs of labor gains easing back, a key focus of the Federal Reserve as it attempts to cool stubbornly high inflation. The Dow Jones Industrial Average DJIA, -2.21% was down about 585 points, or 2%, to trade near 29,341, […]
Gold futures settled lower on Friday, but notched a second straight weekly gain. A “stronger U.S. jobs report means talks about the [Federal Reserve] potentially pivoting [away from interest-rate hikes] have all but ended,” said Fawad Razaqzada, market analyst at City Index and FOREX.com. “The dollar is thus likely to remain supported on the dips, […]
No new intelligence led to President Joe Biden saying on Thursday that the risk of nuclear “Armageddon” is at the highest level since the 1962 Cuban Missile Crisis, a White House spokeswoman said Friday. Briefing reporters aboard Air Force One, White House spokeswoman Karine Jean-Pierre said there is no information that Russia is preparing to […]
New York City’s subways are back up and running after they were suspended earlier Friday over an incident in which someone sprayed an unknown substance that made people sick, CBS News reported. The incident happened shortly after 10 a.m. and led to the suspension of trains in Midtown and Lower Manhattan. Police said the substance […]
The Biden administration on Friday announced what it described as “new steps” in its “housing supply action plan” that was outlined in May. The steps include “finalizing regulations that make it easier to build mixed-income housing, housing that includes very-low-income tenants, and housing in sparsely populated rural areas by reforming the income guidelines for the […]
Bank of America analysts on Friday told investors that Eli Lilly & Co. Inc.’s LLY, -0.49% diabetes treatment and possible weight-management drug could be a $100 billion medication. The drug, tirzepatide, received Food and Drug Administration approval as a treatment for Type 2 diabetes earlier this year. It has also shown in clinical trials that […]
U.S. stocks slumped at the open on Friday as investors digested another report showing the U.S. labor market is finally starting to deteriorate — and also a profit warning from a top microchip maker. The S&P 500 SPX, -2.04% slumped 43 points, or 1.2%, to 3,700. The Dow Jones Industrial Average DJIA, -1.51% fell 268 […]
Swedish electric vehicle maker Polestar Automotive Holding UK PLC PSNY, +0.35% said Friday it delivered about 9,215 vehicles in the third quarter, bumping its year-to-date deliveries to about 30,400. The company said it now expects to meet its full-year target of 50,000 deliveries. “We needed to catch up on production after Covid-19 related setbacks in […]