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Wall Street indexes finish higher with tech, Walmart
NEW YORK, Jan 12 (Reuters) – The S&P 500 and Dow registered record closing highs on Monday, with shares of technology companies and retailer Walmart gaining and as investors mostly brushed aside concerns about the U.S. Justice Department’s criminal investigation of Federal Reserve Chair Jerome Powell. Technology was among the day’s biggest sector gainers. Shares […]
Trump administration probe of Fed’s Powell draws pushback
A criminal probe of Fed Chair Jerome Powell sparked bipartisan criticism, raised concerns over Fed independence and moved markets.
Past three Fed chairs decry ‘unprecedented’ assault by Trump on Powell
Former Federal Reserve chairs denounced a criminal probe of Chair Jerome Powell, warning it threatens central bank independence.
S&P 500 notches record high close driven by Broadcom, other chipmakers
S&P 500 closed at a record as chip stocks surged and a weak jobs report kept expectations for Federal Reserve rate cuts intact.
Dollar gains against major currencies following U.S. jobs data
NEW YORK, Jan 9 (Reuters) – The dollar gained on Friday after data showed slower than expected U.S. jobs growth, suggesting the Federal Reserve could leave interest rates unchanged later this month. Financial markets had been bracing for a probable Supreme Court decision that could strike down President Donald Trump‘s tariffs. But the court will […]
S&P 500, Nasdaq dip to start 2026 after last year’s robust gains
Jan 2 (Reuters) – The S&P 500 and the Nasdaq pared early gains and then dipped on Friday in the first session of the new year, with declines in communications and consumer discretionary stocks dragging the indexes which notched double-digit gains in 2025. Industrials were up 1% and utilities gained 1.3%, the top boosts to […]
Dollar climbs to start 2026 after biggest annual drop in eight years
LONDON, Jan 2 (Reuters) – The U.S. dollar kicked off 2026 on a stronger note on Friday after struggling against most currencies last year, as traders awaited a flurry of U.S. economic data next week, including several reports on the labor market, to gauge the path of interest rates. A narrowing interest rate difference between […]
S&P 500, Nasdaq end flat in holiday-thin trade, Meta gains on deal
NEW YORK, Dec 30 (Reuters) – The S&P 500 and the Nasdaq closed little changed in choppy trading on Tuesday, as gains in communication services stocks were offset by declines in technology and financial stocks, with financials also weighing on the Dow. Communication services shares were among the biggest gainers on the S&P 500, fueled […]
US economic growth accelerates in third quarter
US GDP grew at a 4.3% annualized rate in Q3, topping forecasts as consumer spending jumped despite shutdown headwinds.
Wall St closes higher fueled by tech rally, soft inflation data
Dec 18 (Reuters) – Wall Street‘s main indexes closed higher on Thursday as a soft inflation report fed expectations for interest rate cuts by the Federal Reserve, while chipmaker Micron’s blowout forecast signaled strong AI demand. The Consumer Price Index report showed that consumer prices increased less than expected in the year to November. The […]
US consumer prices increase less than expected in November
U.S. CPI rose 2.7% in November, below forecasts, lifting bets on a January Fed rate cut after shutdown-hit data and markets rallied.
Fed’s Waller says he ‘absolutely’ would defend US central bank’s independence
NEW YORK, Dec 17 (Reuters) – Federal Reserve Governor Christopher Waller, who is on the short list to succeed Fed Chair Jerome Powell next year, said on Wednesday he would “absolutely” defend the central bank’s independence if it were challenged by a U.S. president. Waller, who is set to meet with President Donald Trump about […]
