U.S. stocks closed lower on Wednesday after an abrupt mid-afternoon nosedive ended Wall Street’s impressive rally.
Read More Wall Street tumbles to sharply lower close as abrupt sell-off snaps rally
Tag: Federal Reserve
US single-family housing starts jump to more than 1-1/2-year high
Declining mortgage rates and incentives from builders are likely to draw potential buyers back into the housing market.
Read More US single-family housing starts jump to more than 1-1/2-year high
A $6 trillion cash hoard could fuel more U.S. stock gains as Fed pivots
Investors wondering whether markets can continue their torrid rally are eyeing a nearly $6 trillion pile of cash on the sidelines.
Read More A $6 trillion cash hoard could fuel more U.S. stock gains as Fed pivots
US retail sales beat expectations; weekly jobless claims fall
U.S. retail sales unexpectedly rose in November as the holiday shopping season got off to a brisk start amid deep discounting.
Read More US retail sales beat expectations; weekly jobless claims fall
Federal Reserve Leaves Interest Rates Unchanged, Indicates 3 Cuts Coming Next Year
The Federal Reserve kept interest rate predictions the same on Wednesday for the third time in a row, which could point to signs that inflation could possibly begin to slow down.
Read More Federal Reserve Leaves Interest Rates Unchanged, Indicates 3 Cuts Coming Next Year
Why are US stocks sluggish? Some blame a looming $5 trillion options expiration
Dealers squaring their books ahead of an options expiration may be helping to tamp down swings in U.S. stocks.
Read More Why are US stocks sluggish? Some blame a looming $5 trillion options expiration