The S&P 500 was flat Thursday as it aimed to wrap up its best first-quarter performance in five years. The broad market index was little changed, as was the Dow Jones Industrial Average. The Nasdaq Composite was also trading unchanged. For the quarter, the S&P 500 is up about 10%. It is on pace for its best first-quarter gain since 2019, when it rallied 13.1%. The 30-stock Dow, up 5.5% during the period, is tracking for its strongest first-quarter performance since 2021 when it advanced 7.4%. The Nasdaq is up 9.3% in the quarter thus far. Source: CNBC
U.S. stocks dropped Friday as investors continued to sell into year-end on fears a recession is ahead next year because of the Federal Reserve's unrelenting rate hiking. The Dow Jones Industrial Average lost 224 points, or 0.93%. The S&P 500 fell 1.1%. Meanwhile, the tech-heavy Nasdaq Composite declined 0.96%. The indexes are poised to notch a second consecutive week of losses. The S&P 500 is off more than 2% for the week, and more than 6% for the month of December, as hopes for a year-end rally fizzle. Trading was especially volatile Friday with a large amount of options...
Stocks were lower Friday as investors continued to sell into year-end on fears a recession is ahead next year because of the Federal Reserve's unrelenting rate hiking. The Dow Jones Industrial Average lost 462 points, or 1.39%. The S&P 500 fell 1.52%, while the tech-heavy Nasdaq Composite declined 1.34%. Trading could be especially volatile Friday with a large amount of options set to expire. There are $2.6 trillion worth of index options set to expire, the highest amount "relative to the size of the equity market in nearly two years," according to Goldman Sachs. The sell-off was...
European stocks extended losses on Friday, with the region's benchmark hitting its lowest level in more than a month, as the European Central Bank followed the Federal Reserve in sticking to a hawkish tone to fight rampant inflation. The Stoxx Europe 600 fell 1.2% by the close after posting the biggest daily drop since May yesterday. The index suffered the worst weekly drop since September, losing 3.3%. Among sectors, rates-sensitive real estate and telecom stocks underperformed, while banks gained. Unilever Plc was steady after settling litigation with the...
Wall Street's main stock indexes extended losses on Friday as fears of a looming recession, sparked by the Federal Reserve's relentless battle against inflation, hammered sentiment. The Dow Jones Industrial Average fell 35.76 points, or 0.11%, at the open to 33,166.46. The S&P 500 opened lower by 4.84 points, or 0.12%, at 3,890.91, while the Nasdaq Composite dropped 42.89 points, or 0.40%, to 10,767.64 at the opening bell. Source: Reuters
Stock futures were lower Friday morning as investors continued to dump stocks into year-end on fears a recession is ahead next year because of the Federal Reserve's unrelenting rate hiking. Futures tied to the Dow jones Industrial Average lost 352 points, or 1%. S&P 500 futures lost 1% and Nasdaq-100 futures fell 0.8%. Friday's selling follows a rough day for markets. The Dow dropped 764.13 points, or 2.25%, on Thursday for its worse daily performance since September. The S&P 500 and Nasdaq Composite fell 2.49% and 3.23%, respectively. Thursday's disappointing retail sales report...