Stan Choe | Associated Press New York – Stocks are rallying Friday after a strong report on the U.S. job market helped ease Wall Street’s worries about a possible recession. The S&P 500 was 1% higher in early trading and on pace for a third straight winning week. The Dow Jones Industrial Average was up
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The Senate on Thursday night passed legislation to lift the nation’s debt ceiling and stave off what would’ve been an economically disastrous default days before Monday’s deadline. The final vote was 63-36. The bill will now go to President Joe Biden’s desk for his signature. Biden heralded the Senate vote passing the budget agreement as
Traders on the floor of the NYSE, June 1, 2023. Source: NYSE Stock futures inched higher in overnight trading as traders looked ahead to Friday’s May jobs report. Futures tied to the Dow Jones Industrial Average gained 31 points, or 0.09%, while S&P 500 futures added 0.08%. Nasdaq-100 futures rose 0.13%. Lululemon shares popped 13%
Wall Street rose Thursday with hopes that the Federal Reserve may soon take it easier on its hikes to interest rates. The Standard & Poor’s 500 rallied 1% after a suite of reports painted a picture of a split U.S. economy. The job market remains solid, but manufacturing is weakening and retailers are seeing shoppers
June 1 (Reuters) – U.S. central bankers should not raise interest rates at their next meeting, Philadelphia Federal Reserve President Patrick Harker said on Thursday, even though high inflation is coming down at a “disappointingly slow” pace. “It’s time to at least hit the stop button for one meeting and see how it goes,” Harker
Stan Choe | Associated Press New York – Stocks are drifting Thursday as reports on the U.S. economy painted a mixed outlook. The S&P 500 was 0.1% lower in early trading after eking out a third straight winning month. The Dow Jones Industrial Average was down 133 points, or 0.4%, at 32,775, as of 9:45
Traders on the floor of the NYSE, Aug. 4, 2022. Source: NYSE Stock futures inched lower Wednesday after the U.S. House advanced the debt ceiling bill in a crucial step to avoid a U.S. default, advancing it to the Senate just days ahead of the default deadline. Futures on the Dow Jones Industrial Average fell