Financial

Topline Concerns about the American banking system’s health yet again sent the stock market tumbling Wednesday, as one major index posted one of their weakest May returns of the millennium. Key Facts The Dow Jones Industrial Average fell 0.4%, or 130 points, while the S&P 500 and the tech-heavy Nasdaq slid 0.6% apiece. Headlining the

The count of open, unfilled jobs for the overall economy moved higher in April, rising to 10.1 million and complicating the June Federal Reserve decision. The higher job opening count for April increases the chance of another rate hike despite some speculation that May was the end of tightening. The count of open jobs was

NEW YORK (AP) — Stocks are slipping on Wall Street Wednesday as worries rise about the strength of the global economy and a frenzy around artificial intelligence cools. The S&P 500 was 0.7% lower in morning trading. The Dow Jones Industrial Average was down 228 points, or 0.7%, at 32,814, as of 10:15 a.m. Eastern

The recently released Gross Domestic Product (GDP) Second Estimate by the Bureau of Economic Analysis (BEA) showed a slight increase in GDP, which grew at an annualized rate of 1.3% in the first quarter, surpassing the initial estimate of 1.1% reported last month. These updated figures primarily reflect an upward revision to private inventory investment.

Traders on the floor of the NYSE Source: NYSE Stock futures were all lower on Wednesday morning as investors kept an eye on the federal debt ceiling debate in Washington ahead of the final trading day of May. Futures tied to the Dow Jones Industrial Average dipped 118 points, or about 0.37%. S&P 500 futures

Gift this article Share this article paywall-free. Copied to clipboard By JOE McDONALD – AP Business Writer BEIJING (AP) — Asian stock markets sank Wednesday ahead of a vote by Congress on a deal to avert a government debt default, while a downturn in Chinese factory activity deepened, adding to signs global economic activity is

Stan Choe  |  Associated Press New York – Wall Street is ticking higher Tuesday in its first trading after Washington struck a tentative deal to avoid a potentially disastrous default on its debt. The S&P 500 was 0.4% higher in early trading and near its highest level in nine months. The Dow Jones Industrial Average