Indexes closed lower on Thursday, with the tech-heavy Nasdaq falling almost 1%, led by a slide in mega-cap tech stocks like Apple and Nvidia.
The S&P 500 gained 1% on Friday, capping off the last trading day of Biden's presidency and marking the best week since the election.
Stocks struggled to make headway after a solid rally, while bond yields dropped on dovish remarks from Federal Reserve Governor Christopher Waller.
Treasury yields edged lower after Federal Reserve governor Christopher Waller said that it is “reasonable” to think that the central bank could cut interest rates in the first half of the year. The move came after the 10-year yield tumbled Wednesday to ...
Stocks closed lower Wednesday after the Federal Reserve left its key interest rate unchanged amid persistent inflation, as investors prepared for a slew of earnings reports from major technology companies.
The US Federal Reserve is set to announce its first monetary policy decision of 2025 on Wednesday (January 29) with expectations firmly pointing to an unchanged federal funds rate in the 4.25%-4.50% range.
With this being said, Wall Street's bull market is on the cusp of unwanted history. Arguably, the best valuation tool that allows for the clearest apples-to-apples comparisons is the S&P 500's Shiller price-to-earnings (P/E) ratio. You'll also find the Shiller P/E referred to as the cyclically adjusted P/E ratio ( CAPE ratio ).
On the winning side of Wall Street were Novo Nordisk’s U.S.-listed shares, which jumped 8.5%. The Danish company reported results from a clinical trial of a treatment for people who are overweight or obese, which could mean bigger profits in the future.
Bitcoin pulls back from record after president makes no mention of crypto in inauguration speech Things left unsaid during Donald Trump's presidential inauguration speech and accompanying festivities Monday appeared set to give U.
The S&P 500 and Dow Industrials registered their biggest weekly percentage gains since early November and the Nasdaq recorded its best since early December.
US stocks ended higher on Friday driven by gains in big tech and chip companies The Dow Jones Industrial Average rose 33470 points or 078 perce
NEW YORK LONDON : MSCI’s global equities index rose on Friday while US treasury yields turned higher with the dollar as upbeat economic data and earnings appeared to be helping investors shrug off any jitters ahead of the US presidential inauguration.