Wall Street’s stock indexes increased substantially on Friday, with the S&P 500 index climbing towards a record high, after Federal Reserve Chair Jerome Powell said “the time has come” to reduce interest rates.
Read More Dow Surges 400 Points as Wall Street Cheers Powell’s Fed Rate Cut Announcement
U.S. job expansion over the 12 months ending in March was overestimated by a staggering 818,000 on Wednesday, which is a worrisome sign that the economy has continued to slow down.
Read More Report: 818K Less Jobs Were Created By Biden Admin., Calling For Concerns About The Economy
Markets have been choppy after the S&P 500 and the Nasdaq extended gains to an eighth straight session on Monday.
Read More Wall St little unchanged as investors await Fed cues
Wall Street’s main indexes rose about 1% on Thursday as retail sales data for July indicated resilient consumer spending.
Read More Wall St marches ahead as retail sales quell slowdown worries
Elon Musk is interviewing President Trump; Representative Ilhan Omar may be the next member of the Squad to fall; and Wall Street awaits some critical economic data.
Read More THE SCOOP ON THE WEEK AHEAD 8/12 – 8/17
Wall Street’s main indexes capped off a tumultuous week where global markets were rattled and fears of a recession in the world’s biggest economy.
Read More Wall St edges lower as volatile week draws to a close