Market has rough day as big tech, industrial stocks tumble
Stocks closed sharply lower on Wall Street on Tuesday as Google parent Alphabet Inc., Amazon and Caterpillar took heavy losses.
Stocks closed sharply lower on Wall Street on Tuesday as Google parent Alphabet Inc., Amazon and Caterpillar took heavy losses.
U.S. stocks ended the week with a deep selloff on Friday as the White House's latest trade threats against China rattled global financial markets.
U.S. stocks surged back from the biggest weekly rout in two years, with major benchmarks climbing more than 2.7 percent Monday on signs that an escalation of trade tensions was beginning to ease.
Concern is rising that that a trade war and higher borrowing rates could throttle global growth.
U.S. stocks took their biggest tumble in six weeks Thursday as investors reacted to the threat of an escalating trade war with China that has the potential to disrupt global growth.
Facebook shares declined in morning trading, falling 5.5 percent, to $163.08 each. That follows a drop of 6.8 percent Monday that was the company’s largest since March 2014.
Federal Reserve Chairman Jerome Powell told Congress on Tuesday that the outlook for the U.S. economy "remains strong" despite the recent stock market turbulence, keeping the central bank on track to gradually raise interest rates.
When Jerome Powell testifies to Congress on Tuesday in his first public appearance as chairman of the Federal Reserve, investors will be paying close attention to his every word.
The turbulence coursing through markets has raised speculation that Fed officials might decide to slow their pace of rate increases out of fear of upsetting the markets and possibly harming the economy.
The Dow Jones industrial average is 10 percent below the record high it set just two weeks ago after another market swoon on Thursday.
The Indianapolis-based mutual fund has posted cumulative returns of negative 0.43 percent since 2008. But things turned around in a big way last year, with 2017 returns of 28.75 percent.
n another stomach-churning day Tuesday, stocks plunged in the morning, then pulled off a late-afternoon rally, ending the day in positive territory and recouping some of the losses from the market's two-day plunge.
A wave of fear about inflation and higher interest rates helped send stock prices tumbling Friday and Monday. Yet the rush of anxiety has obscured a fundamental fact about the U.S. economy: It's healthy.
The Dow Jones industrial average briefly plunged nearly 1,600 points Monday, definitively ending a record-setting period of calm in the U.S. stock market.
Many fund managers and analysts say they’re optimistic stocks can keep rising, even if interest rates continue to climb.
Strong jobs data that increased the likelihood the Federal Reserve will lift rates next month rattled equity investors who haven’t seen a week this bad in two years.
OrthoPediatrics Corp. raised $52 million on Oct. 12, and Carmel-based Merchants Bancorp raised $115 million on Oct. 27.
The sharp gains also delivered record highs for the Standard & Poor's 500 index and the NASDAQ composite.
As 2018 gets under way, investors are wondering whether the good times will continue to roll. Some financial pros are optimistic, thanks to the economy’s robust growth and the anticipated stimulative effects of the GOP’s newly passed tax-reform plan.
The Dow Jones industrial average closed above 25,000 points on Thursday just five weeks after its first close above 24,000.