Financial

US stocks were under pressure Tuesday, with the Nasdaq losing about 3% as selling ramped for technology shares especially. As of the close, the S&P 500 was off 2%, bringing it down to 3,821.74. The Dow fell by 490 points, or 1.6%, and the Nasdaq dropped 2.98% to 11,181.54. The small cap Russell 2000 was

But the range of their forecasts is wide, from a relatively remote chance of a recession — commonly defined as a shrinking of the economy for two consecutive quarters — to more confident predictions that a downturn is imminent. In general, forecasters who say a recession will be avoided emphasize that they might be too

Symbol Price Change %Change I:DJI $31,438.26 -62.42 -0.20% SP500 $3,900.11 -11.63 -0.30% I:COMP $11,524.55 -83.07 -0.72% U.S. stocks were edging higher early Tuesday morning after slipping Monday and losing some momentum after rallying last week on easing expectations for the path of the Federal Reserve’s interest-rate increases.  The S&P 500 lost early gains and closed

U.S. stocks wavered Monday as the major indexes struggled to sustain momentum from last week’s rally. The S&P 500 ticked up 0.1% as of 11:20 a.m. ET, and the Dow Jones Industrial Average climbed just above breakeven, with both benchmarks swinging between gains and losses. The Nasdaq Composite edged down about 0.3%. The moves follow

(Bloomberg) — Canadian consumer confidence levels have fallen to near crisis-era lows in an ominous sign for the nation’s economic outlook. Most Read from Bloomberg The Bloomberg Nanos Canadian Confidence Index, a measure of sentiment based on weekly polling, declined for a ninth straight week to the lowest reading ever outside of the last two

The Russian Central Bank headquarters in Moscow. The head of the bank, Elvira Nabiullina, has said that there won’t be any immediate consequences of a default.Maxim Shemetov/Reuters Russia appeared to be falling into default on its international debt on Monday as a grace period to make a payment expired, the latest sign of how isolated

Now would seem a good time for central bankers to get together and brainstorm some ways of getting their economies out of a global inflationary crisis. So thank goodness for the European Central Bank’s annual Forum on Central Banking, a gathering amid the palaces in the pretty Portuguese Riviera town of Sintra to discuss the

US stocks rose Friday, with the S&P 500 ending a three-week losing streak as investors digested Federal Reserve officials’ latest affirmations that they remained committed to bringing down inflation. The S&P 500 rose by more than 3%, logging a back-to-back day of gains and its first weekly advance since late May. The S&P 500’s more

US stocks rose Friday, with the S&P 500 on track to end a three-week losing streak as investors digested Federal Reserve officials’ latest affirmations that they remained committed to bringing down inflation. The S&P 500 rose by more than 2%, setting the index up for a back-to-back day of gains and its first weekly advance

The brutal 2022 for stocks amid rising interest rates and soaring inflation has been particularly rough for technology-based growth stocks, and that could be an opportunity for longer term investors. “Every rally we’ve seen in tech has been met with harder selling in a lower low,” Jefferies Equity Research Analyst Brent Thill told Yahoo Finance

Chaotic stock markets, sky-high interest rates and the pain of inflation have left one question at the top of Americans’ minds: Are we in a recession? Probably not yet, but there are signs of economic weakness emerging. When that will turn into a prolonged slump, and how long that downturn might last, are important questions

Breaking News Dow jumps 823 points as Nasdaq and S&P added 3% Dow Jones Averages. $ 31501.54 Stocks surged to end the week as Federal Reserve officials hinted at when the tightening cycle could ease towards the back half of the year. All 11 S&P sectors rallied with materials and financials pacing the gains, while

Quick take on the recent move lower in swap rates and treasuries: The path forward for the Fed has remained unchanged. That is: raise rates at each Fed meeting until inflation shows convincing evidence of cooling off Expect 75 basis points in July, and 50-75 in September, November, and December This will see Fed Funds

U.S. stocks climbed Thursday morning as investors weighed fresh unemployment data and braced for Federal Reserve Chair Jerome Powell’s second day of testimony on Capitol Hill. The S&P 500 rose 0.7%, and the Dow Jones Industrial Average added 160 points, or roughly 0.5%. The tech-heavy Nasdaq Composite gained 0.9%. In the previous trading session, all