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US stocks edged lower on Wednesday as investors continued to adjust their outlook for Fed rate cuts. Investors see a 69% chance the Fed will cut rates two more times in 2024.
Here's what else happened today: Disney said it will appoint Bob Iger's successor as CEO by early 2026. Goldman Sachs said investors should prepare for a decade of muted returns in the stock market.
The US stock market boom has boosted the wealth of the world's billionaires to $14 trillion, UBS says. In commodities, bonds, and crypto: West Texas Intermediate crude inched lower to $68.46 a barrel.
US stocks declined on Tuesday, plunging the Dow Jones Industrial Average to its first nine-day losing streak since 1978. The index shed over 250, trailed by a loss of 0.43% and 0.51% for the S&P ...
US stocks were up on Friday as the market headed for a weekly gain. The US dollar, meanwhile, surged to its highest since November 2022. Earnings season has nearly concluded with 77% of S&P 500 ...
US stocks were mostly higher on Tuesday, led by the tech sector. Today marks the start of the Santa Claus trading window, a historically bullish 7-day stretch. The stock market will close at 1 p.m ...
The New York Stock Exchange reopened that day following a nearly four-and-a-half-month closure since July 30, 1914, and the Dow in fact rose 4.4% that day (from 71.42 to 74.56). However, the apparent decline was due to a later 1916 revision of the Dow Jones Industrial Average, which retroactively adjusted the values following the closure but ...
The company's stock popped 24% to a $1 trillion valuation for the first time ever after it reported solid earnings results that included a bullish outlook for its AI business.