The S&P 500 rose 0.4% on Friday (July 25), notching its fifth consecutive record close—its longest streak in more than a year—while the Nasdaq 100 gained 0.2% after hitting an intraday high. The Dow Jones Industrial Average gained 208 points as investors digested a wave of trade developments and corporate earnings. Optimism surrounding trade talks contributed to the rally, with President Trump scheduled to meet with European Commission President Ursula von der Leyen on Sunday amid hopes of a US-EU deal. Deals were also reached with Japan, Indonesia, and the Philippines ahead of the...
Stocks rallied on Wednesday, with the S&P 500 clawing back more of the rout since late February that took the benchmark briefly into correction territory, as the Federal Reserve forecast it would still cut interest rates two times in 2025. The Dow Jones Industrial Average climbed 383.32 points, or 0.92%, and closed at 41,964.63. The S&P 500 jumped 1.08% to end at 5,675.29, and the Nasdaq Composite advanced 1.41% to settle at 17,750.79. The central bank kept the federal funds rate at a range of 4.25% to 4.5%, a decision that was widely expected. That said, the Fed kept its outlook...
The Federal Reserve in a closely watched decision Wednesday held the line on benchmark interest rates though still indicated that reductions are likely later in the year. Faced with pressing concerns over the impact tariffs will have on a slowing economy, the rate-setting Federal Open Market Committee kept its key borrowing rate targeted in a range between 4.25%-4.5%, where it has been since December. Markets had been pricing in virtually zero chance of a move at this week's two-day policy meeting. Along with the decision, officials updated their rate and economic projections for this year...
European stock markets were mixed on Wednesday following recent strong gains as investors digested the historic debt reforms in Germany and assessed regional inflation data ahead of the latest Federal Reserve policy-setting meeting. The DAX index in Germany dropped 0.4% on Wednesday. However, the FTSE 100 in the UK climbed 0.1%, while the CAC 40 in France gained 0.7%. German debt vote passes Germany's lower house of parliament, the Bundestag, voted in favor of several changes to the country's constitution that would allow for a loosening in fiscal rules and pave the way for new investments...
The S&P 500 rose on Wednesday as investors awaited a policy announcement from the Federal Reserve later in the day. The broad market index was trading 0.7% higher, while the Nasdaq Composite was up about 1%. The Dow Jones Industrial Average was up 236 points, or about 0.6%. The Fed is scheduled to deliver its latest policy decision at 2 p.m. ET. While the Fed is widely expected to hold rates steady, investors will be looking to see if the central bank maintains its outlook for two rate cuts this year. They will also be listening to Fed Chair Jerome Powell for clues on how he sees the...
Stocks in Europe declined on Wednesday (19/3), with the STOXX 50 falling 0.4% and the STOXX 600 down 0.3%, snapping a three-session winning streak. Investors weighed Germany's historic constitutional amendment vote, developments on a potential ceasefire in Ukraine, ongoing tariff concerns, and key monetary policy updates. In Germany, the Bundestag approved an expected amendment to the debt brake, which will allow increased fiscal spending on infrastructure and defense. Meanwhile, Russian President Vladimir Putin agreed to a limited ceasefire halting attacks on Ukraine's energy...