A turbulent day on Wall Street ended in the record books Thursday as the Dow Jones industrial average climbed above 27,000 for the first time and the Standard & Poor's 500 index hit another all-time high.
Investors extended a rally through a holiday-shortened day and pushed major stock indexes to record highs on Wednesday.
The broad rally came after the world's two biggest economies agreed over the weekend to resume negotiations.
Federal Reserve Chairman Jerome Powell said that the downside risks to the U.S. economy have increased recently, reinforcing the case among policy makers for somewhat lower interest rates.
In the lawsuit, a Pendleton financial adviser says he purchased client accounts from a fellow adviser who then defamed him and persuaded some of those clients to move their money elsewhere.
Economists say when—or even whether—the Fed eases credit this year will depend on a host of factors that are hard to predict.
For most of the school year, the DePauw Investment Group oversaw only about $160,000. But the stakes skyrocketed in April when DePauw’s board of trustees added $1 million from the university’s $731 million endowment.
Expectations are rising that the Fed will cut rates at least once and possibly twice before year's end, in part because of the consequences of the trade war.
U.S. stock indexes suffered their worst day since March on Tuesday as investors remained on edge over President Donald Trump’s threat to increase tariffs on billions of dollars of imports from China.
U.S. colleges raised $46.7 billion in the 12 months through June 2018 as the lengthy bull market for stocks helped spur contributions. Two Indiana universities were among the top 20 fundraisers.
Wall Street got its mojo back in January after finishing 2018 with its worst December since 1931.
The steady-and-not-so-slow-anymore returns for cash, plus expectations for even more market volatility in 2019, means strategists along Wall Street are seeing cash as a viable investment option for the first time in years.
It’s not clear whether the bull or the bear will prevail in 2019, so financial planners are counseling clients to expect volatility and take advantage of it, if that meets their long-term strategies.
Federal Reserve officials expressed increasing worries when they met last month, as they grappled with volatile stock markets, trade tensions and uncertain global growth.
Stocks skyrocketed Friday after investors got good news on the economy, Federal Reserve policy and trade tensions.
Federal Reserve Chairman Jerome Powell said the central bank can be patient as it assesses risks to a U.S. economy and will adjust policy quickly if needed.
Stocks tumbled Thursday on Wall Street, with technology companies suffering their worst loss in seven years, after Apple reported that iPhone sales are slumping.
Apple acknowledged that demand for iPhones is waning, confirming investor fears that the company's most profitable product has lost some of its luster.
Pharmaceutical giants Merck & Co. and Pfizer Inc. were kings of the Dow Jones industrial index during the year, while Eli Lilly and Co. was among the 20 largest gainers on the S&P 500.
Wall Street closed out a turbulent year for stocks on a bright note Monday, but still finished 2018 with the worst showing in a decade.
