U.S. stocks ended mostly lower Thursday, with the S&P 500 and Nasdaq Composite finishing down on the session as investors weighed mostly upbeat U.S. economic data, corporate earnings and a second day of testimony by Federal Reserve Chairman Jerome Powell. The Nasdaq Composite Index COMP, -0.70% closed off 0.7%...
A MarketWatch news alert linking to this story misidentified President Biden and has been corrected. WASHINGTON (AP) — President Joe Biden on Friday fired the commissioner of Social Security after the official refused to resign, and accepted the deputy commissioner’s resignation, the White House said. Biden asked commissioner...
U.S. stock benchmarks on Thursday ended off their lowest but still managed to log their worst daily declines in about three weeks as fears of uneven economic growth from the COVID pandemic rattled the bullish mood on Wall Street, reflected partly in the fall in long-dated Treasury yields. The...
Amazon.com Inc. shares notched their first record close in more than 10 months Tuesday, when a new chief executive was welcomed by news that the Department of Defense canceled a $10 billion contract that Microsoft Corp. had won instead of Amazon. Shares of Amazon AMZN, +4.69% rose 4.7%...
FedEx Corp., which has thrived during the coronavirus pandemic, on Thursday reported that “exceptional” growth in U.S. and international shipping propelled it to a record fourth quarter. “We continue to play an important role in global economic recovery and the delivery of COVID-19 vaccines and relief supplies throughout the...
Maybe it really is infrastructure week. Stock-market investors applauded Thursday, pushing the Dow Jones Industrial Average DJIA, +0.95% sharply higher and scoring another round of record finishes for the S&P 500 SPX, +0.58% and Nasdaq Composite COMP, +0.69%, after President Joe Biden announced that he and a bipartisan group...
Stocks fell Friday, with the Dow Jones Industrial Average posting its biggest weekly decline since October on worries the Federal Reserve might begin lifting rates sooner than previously expected. The Dow DJIA, -1.58% fell around 532 points, or 1.6%, to close near 33,291, according to preliminary figures. The blue-chip...
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Stocks ended a choppy session in positive territory Friday, with the S&P 500 logging its second consecutive record close a day after a hotter-than-expected rise in the May consumer-price index. The Dow Jones Industrial Average DJIA, +0.04% rose around 15 points, or less than 0.1%, to close near 34,480,...
A contractor said this week it is restoring holiday pay to Facebook Inc. janitors after questions from MarketWatch about why hundreds of workers lost more than half their paid holidays during the COVID-19 pandemic. Facebook FB, +1.32% janitors who kept their jobs but worked sporadically throughout the coronavirus pandemic...
