News That Matters

Tag: stock market

Stocks sink to new low for 2022, closing dismal month with mounting recession fears
Business

Stocks sink to new low for 2022, closing dismal month with mounting recession fears

Wall Street is at its worst levels in almost two years Friday as the end nears for what's been a miserable month for markets around the world. The S&P 500 closed down 1.5%, at 3,585, after flipping between small losses and gains through the morning. It's at its lowest level since the early 2020 coronavirus crash and its third straight losing quarter. The Dow Jones Industrial Average closed down 500 points, or 1.7%, and the Nasdaq composite was down 1.5%. Fed rate hike decision raises recession fears on Wall Street 06:04 Global inflationThe main reason for this year's struggles for financial markets has been fear of a possible recessio...
Recession fears mount as stocks fall sharply
Business

Recession fears mount as stocks fall sharply

A wave of heavy selling driven by investors' concerns that the global economy could fall into recession rocked major stock indexes around the world Friday. The Dow Jones Industrial Average, the S&P 500 and the Nasdaq each lost more than 1.5% on Friday, with the Dow closing at its lowest level since late 2020. The S&P is down 23% since its peak in January.As Michael George reports for "CBS Saturday Morning," interest rate hikes aimed at cutting inflation are having a ripple effect on the economy. On Friday at the New York Stock Exchange, the president of a company called Sustainable Development Equity officiated the close of what was a terrible 486-point drop-day, preceded by a terrible week. The market has dropped more than 5,000 point...
Stocks plunge, dragging Wall Street toward another down week
Business

Stocks plunge, dragging Wall Street toward another down week

Wall Street suffered sharp declines on Friday as recession fears took hold of investors following the Federal Reserve's latest interest-rate hike. Major U.S. indices finished the week with losses for the fourth time in five weeks. Markets sold off around the world on mounting signs the global economy is weakening just as central banks raise the pressure even more with additional hikes to interest rates. The S&P 500 fell 64 points to 3,693, or 1.7%, close to its 2022 low. The Dow Jones Industrial Average dropped 486 points, or 1.6%, its lowest point of the year. The Nasdaq fell 1.8%.Energy prices also closed sharply lower as traders worried about a possible recession. Treasury yields, which affect rates on mortgages and other kinds of loans, held at multiyear highs. U.K. gove...
Stocks crumble after Fed dashes investor hopes for pulling back on interest rate hikes
Business

Stocks crumble after Fed dashes investor hopes for pulling back on interest rate hikes

Stocks tumbled on Friday after the head of the Federal Reserve dashed Wall Street's hopes that it may soon let off the brakes for the economy.The S&P 500 dropped 141 points, or 3.4%, to close at 4,058 — the biggest drop in two months — after Fed chair Jerome Powell said the Fed will likely need to keep interest rates high enough to slow the economy "for some time" in order to beat back the high inflation sweeping the country. The Dow Jones Industrial Average fell 1,008 points, or 3%, while the tech-heavy Nasdaq retreated 3.9%. Investors initially struggled to make out the meaning of Powell's highly anticipated speech. Stocks fell at first, then erased nearly all their losses, and then turned decisively lower with all but six of the companies in the S&P 500 in the red. ...
Stocks fly high on Wall Street, giving the S&P 500 its 4th straight week of gains
Business

Stocks fly high on Wall Street, giving the S&P 500 its 4th straight week of gains

U.S. stocks saw big gains on Friday, giving the S&P 500 its first 4-week winning streak since November.The benchmark index rose 73 points to 4,280, or 1.7%, Friday, while the Dow Jones Industrial Average climbed 424 points to 33,761, or 1.3%. Technology stocks drove much the rally with the Nasdaq up 2%. Energy companies lagged the market as crude oil prices fell. Inflation cooled more than expected last month, sending stocks higher. Investors see a higher chance inflation may have peaked, allowing the Federal Reserve to be less aggressive with its rate hikes than it has been this year.Inflation is still painfully high, of course, and the economy has given false signals before that relief was on the way only for the rug to get pulled out f...
North American stock markets continue broad-based rally; commodities weaker
Global News

North American stock markets continue broad-based rally; commodities weaker

North American markets enjoyed a broad-based rally Friday, bolstered by two encouraging U.S. inflation reports earlier in the week and a lack of any other major economic news on the day to offset them. With a near-total absence of market-moving events on what was a quiet day heading into a summer weekend, the S&P/TSX composite index still gained 187.93 points to close at 20,179.81.In New York, the Dow Jones industrial average closed up 424.38 points at 33,761.05. The S&P 500 index closed up 72.88 points at 4,280.15, while the Nasdaq composite gained 267.28 points to close at 13,047.19. Read more: Variable? Fixed? Static? Picking the right mortgage as interest rates rise “There has hardly been any news today, so this seems to be primarily momentum tra...
North American markets rally on corporate earnings, eased geopolitical tensions
Global News

North American markets rally on corporate earnings, eased geopolitical tensions

By Staff The Canadian Press Posted August 3, 2022 4:40 pm Smaller font Descrease article font size -A Larger font Increase article font size A+ North American markets rallied Wednesday against the backdrop of another day of strong corporate earnings as well as easing investor anxiety about U.S.-China relations. The S&P/TSX composite index was up 40.61 points at 19,545.94.In New York, the Dow Jones industrial average was up 416.33 points at 32,810.50. The S&P 500 index was up 63.98 points at 4,155.17, while the Nasdaq composite was up 319.40 points at 12,668.16. ...
Stocks fall Tuesday after House Speaker Nancy Pelosi lands in Taiwan
Business

Stocks fall Tuesday after House Speaker Nancy Pelosi lands in Taiwan

Stocks declined Tuesday after House Speaker Nancy Pelosi landed in Taiwan's capital of Taipei amid a high-pressure standoff with China. She and other members of Congress were greeted by a contingent of Taiwanese officials on the tarmac.  In a statement shortly after the plane landed, Pelosi said her visit was meant to honor "America's unwavering commitment to supporting Taiwan's vibrant Democracy."The S&P 500 fell 27 points, or 0.7%, to close at 4,091. The Dow Jones industrials declined 1.2% and the Nasdaq lost 0.2%.  "Speaker Pelosi's visit to Taiwan opens a dangerous period for U.S.-China-Taiwan tensions that will add to and elevate market risk as events unfold," Raymond James Equity Research analysts and Alex Anderson said in a report. ...
U.S. stocks rise sharply after Fed announces second consecutive 0.75% hike
Business

U.S. stocks rise sharply after Fed announces second consecutive 0.75% hike

Stocks on Wall Street are closing solidly higher Wednesday after the Federal Reserve ratcheted up its campaign against surging inflation by raising its key interest rate three-quarters of a point. The Fed's latest hike lifts the benchmark short-term rate to its highest level since 2018. The S&P 500 climbed 103 points to 4,024, or 2.6% and the Dow Jones Industrial Average closed higher 1.4% higher at 32,198. The tech-heavy Nasdaq jumped 4% — the most in over two years. Strong earnings from Google's owner Alphabet, Microsoft and other companies helped lift investors' mood. How Americans should prepare for another Fed interest rate hike 03:40 ...
Asset Management Definition | U.S. News
News

Asset Management Definition | U.S. News

What Is Asset Management?Asset management is a subset of wealth management and refers to the practice of buying and monitoring securities, real estate and other investment products to generate a return for clients.An asset manager works with individuals, organizations and institutions and oversees their assets, including money, real estate and securities. They may manage their assets through hedge funds, private equity funds, stocks, mutual funds and other investment vehicles. Although the primary goal of an asset manager is to help the client earn money, they also must protect the client's money by assessing and lowering their risk level. They provide these services for a fee, usually calculated as a percentage of the value of the assets they manage.Compare OffersCompare OffersAd discl...