The Dow Jones Industrial Average's DJIA, -1.62% 767-point tumble in afternoon trading Friday, to break down below the June 17 closing low (29,888.78), not only showed that the bear market was alive and kicking, it also triggered a sell signal based on the century-old Dow Theory of market analysis....
The U.S. dollar is on track Friday for its biggest weekly advance since March 2020 as the Federal Reserve's third jumbo interest-rate hike and Chair Jerome Powell's hawkish outlook helped send real yields sharply higher. The ICE U.S. Dollar Index DXY, +1.50%, a gauge of the dollar's strength against...
U.S. stocks are tumbling in the final hour of trading, with all 11 sectors of the S&P 500 selling off sharply as the index trades around its 2022 closing low that it hit in June. The energy sector is hardest hit with a loss of around 7% amid a...
Stocks ended with sharp declines, but off session lows, with the Dow Jones Industrial Average averting a bear market as it posted its lowest close of 2022. Equities fell sharply as government bond yields soared following the Federal Reserve's rate increase and tightening by other central banks and as...
The Biden administration is watching the stock market SPX, -1.72% and other indicators closely as equities tumbled on Friday, a White House spokeswoman said. "The stock market, as you've heard us say many times, is just one measure of the economy," said press secretary Karine Jean-Pierre. "We are watching,...
Gold futures fell Friday, with prices for the most-active contract losing 1.7% for the week and settling at their lowest since early April 2020. The surge in Treasury yields, along with a stronger U.S. dollar has "unsurprisingly clobbered the gold price, clubbing it back down to its lowest levels...
Shares of oil and gas companies were taking a broad beating ahead of Friday's open, as growing concerns of a coming recession has sent crude oil futures CL00, -6.14% sinking toward an eight-month low. The SPDR Energy Select Sector ETF XLE, -6.76% slumped 3.2% in premarket trading, with all...
U.S. stocks opened sharply lower Friday, with all three major benchmarks heading for weekly losses in the wake of the Federal Reserve's large interest rate hike and a surge in Treasury yields. The Dow Jones Industrial Average DJIA, -1.39% was down around 1% soon after the opening bell, while...
Credit reporting agencies Equifax Inc. EFX, -2.49%, TransUnion and Dublin-based Experian PLC EXPGY, -2.45% EXPN, -0.54% said Friday that they will continue to offer free weekly credit reports to U.S. consumers through the end of 2023. "This benefit will help consumers manage their financial health during a period of...
Shares of Salesforce Inc. CRM, +1.71% rallied 1.6% in afternoon trading Thursday, to bounce off the previous session's 2 1/2-year closing low, as investors cheered what the customer relationship management software company didn't say at its investor day as much as what it did say. The stock's rally comes...