Aug 13, 2023 | Investments
Stocks closed lower Friday to cap a volatile week that finished with losses after Fitch downgraded its U.S. credit rating below the top AAA level, which sent U.S. Treasury yields on a wild ride. Friday marked the final day of the busiest week in the second quarter...
Jul 30, 2023 | Investments
Less than 20 months after it began, the bear market that engulfed the S&P 500 during the pandemic is a mere 260 points from being completely erased. The Dow Jones average eked out a gain to notch its 10th straight winning session on Friday, its longest streak in...
Jul 9, 2023 | Investments
The US job market cooled back down in June, adding just 209,000 jobs, and fueling optimism that the economy is on course to nail that elusive soft landing of lowering inflation without triggering a recession. The June job gains, released Friday by the Bureau of Labor...
Jun 18, 2023 | Investments
Stocks fell slightly on Friday but still scored strong gains for the week, as investors celebrated a pause in rate hikes by the Federal Reserve. Two important inflation measures during the week supported market expectations. The consumer price index report for May...
Jun 11, 2023 | Investments
All three major stock market indexes booked small gains for the week, as investors await next week’s inflation data and policy decisions on interest rates from the U.S. Federal Reserve. Markets currently are forecasting a 71% probability that the Fed will pause...
Jun 4, 2023 | Investments
Investors cheered the passage of a debt ceiling bill on Friday that averts a U.S. default, but the biggest driving factor was May’s jobs report, which showed U.S. employers added a seasonally adjusted 339,000 jobs, far more than expected. The data also showed a...
