• US stocks rise, but First Republic Bank slides

    In trading at 4pm ET, the Dow Jones Industrial Average added about 380 points, or 1.2%, and the S&P 500 was up 0.9%. The tech-focused Nasdaq Composite climbed 0.4%. The indices fell on Friday, but so far have remained relatively isolated from the banking crisis. Authorities have been trying to halt a dangerous drop in […]

  • Stocks extend weekly losses after job data, bank collapse

    The government said on Friday that US hiring grew solidly but cooled off in February as employers added 311,000 jobs, more than economists polled by The Wall Street Journal had expected. Unemployment rose slightly to 3.6%, still historically low. Meanwhile, regulators closed Silicon Valley Bank after a run on deposits thwarted the tech-focused lender’s plans […]

  • Stocks wobble as Jerome Powell returns to Congress

    US stocks teetered between small gains and losses on Wednesday as investors analyzed a second day of congressional testimony from Federal Reserve Chairman Jerome Powell and further data suggesting the job market remains hot. The S&P 500 rose 5.64 points, or 0.1%, to 3992.01, while the Nasdaq Composite rose 45.67 points, or 0.4%, to 11576.00. […]

  • Shares drop Friday to close out the worst week of 2023

    US stocks pulled back on Friday, posting their worst weekly performance of the year as hot economic data reignited concerns about the Federal Reserve’s restrictive policies. The S&P 500 fell 42.28 points, or 1.1%, to 3970.04. The tech-heavy Nasdaq Composite fell 195.46 points, or 1.7%, to 11394.94. The blue-chip Dow Jones Industrial Average lost 336.99 […]

  • Chinese stocks lead gains in global markets as US pauses for Presidents Day

    Global markets were mixed on Monday, with US futures struggling to provide direction for holiday trading ahead of another busy series of economic data. Futures linked to the S&P 500 fell 0.1%, as did those linked to the Dow Jones Industrial Average. Contracts tied to the tech-focused Nasdaq-100 added 0.1%. The US stock and government […]