U.S. stocks were struggling for direction soon after the opening bell Tuesday, following Federal Reserve Chair Jerome Powell’s speech in Sweden amid investor concern over inflation and economic slowdown. The Read more
Tag: DJIA
U.S. stocks end mostly lower Monday despite tech gains
U.S. stocks finished mostly lower Monday, with the Dow Jones Industrial Average giving up gains earlier in the session while a rise in technology shares failed to keep the S&P Read more
Kevin McCarthy elected House speaker, narrowly prevailing in 15th round of voting
Top House Republican Kevin McCarthy succeeded early Saturday in his push to become his chamber’s next speaker, claiming the job after first falling short in well over a dozen rounds Read more
House to hold 15th ballot for speaker after McCarthy short by one vote in 14th vote
A 15th round of voting for speaker of the U.S. House of Representatives looked set to start late Friday, after the chamber failed to select a speaker in its 14th Read more
Dow gains 700 points as stocks log biggest advance in 5 weeks
U.S. stocks logged their biggest daily advance in more than 5 weeks on Friday as investors reacted to data showing the labor market and wage growth finally starting to cool. Read more
House adjourns until 10 p.m. Eastern as speaker election remains unresolved
The U.S. House of Representatives voted Friday to adjourn until 10 p.m. Eastern, as the chamber’s Republican leaders sought a break during their push to get California Rep. Kevin McCarthy Read more
Dow up nearly 400 points as pace of jobs growth, wage gains cool in December
U.S. stocks advanced Friday, with the Dow rising nearly 400 points, as monthly Labor Department data showed the pace of job creation cooled in December while wage gains slowed, fueling Read more
U.S. stocks open higher after employment report shows wage growth cooling
U.S. stocks opened higher at the opening bell as investor digested an employment report that showed signs of wage growth slowing in a strong labor market. The Dow Jones Industrial Read more
Citi has just cut its rating on U.S. stocks to underweight. Here’s why and what it prefers.
While leading indicators seem to be suggesting both that the U.S. economy is headed for a downturn and that price pressures are cooling, the Federal Reserve seems determined to wait Read more
McCarthy falls short again in ninth speaker vote, setting up 10th ballot
A ninth round of voting in the U.S. House of Representatives yet again failed to deliver a speaker on Thursday, as top House Republican Kevin McCarthy keeps facing opposition from Read more