Stocks
The stock market closed slightly higher Friday, but the pace of gains was cautious, given the mixed economic data and uncertainty about the market's next move. Oil companies such as ConocoPhillips, Chevron, and Exxon Mobil were among the top performers, while investors waited for more clarity on the
Stocks
The Dow Jones Industrial Average, Nasdaq composite, and S&P 500 have all continued to fall after last week's heavy losses, with shares of Tesla, Apple, and Microsoft experiencing significant declines. Despite a brief rebound in Tesla stock, the company's shares quickly reversed course, while
Stocks
The stock market rally, triggered by a tame Consumer Price Index (CPI) inflation report, fizzled out on Tuesday, with the Dow Jones Industrial Average closing modestly higher but failing to sustain gains. The major indexes ultimately pulled back, with the S&P 500 index climbing 0.7% and the
Stocks
Merck and Moderna have announced positive results from a mid-stage study of a potential skin cancer vaccine, using the same technology behind their COVID-19 preventive shots. The combination of the vaccine and Merck's immunotherapy Keytruda led to a statistically significant improvement in recurrence-free survival time in patients with
Stocks
Stock market losses continued on Wednesday, with the Dow Jones Industrial Average dropping 0.2% after consecutive sell-offs on Monday and Tuesday. Apple and Tesla stocks traded lower, while several major companies reported earnings ahead of the market open. Academy Sports + Outdoors rallied 5% after its results, while MongoDB soared
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US President Joe Biden has signed a landmark bill into law, the Medical Marijuana and Cannabidiol Research Expansion Act, which aims to remove barriers to cannabis research and expand the study of marijuana's therapeutic potential. The bipartisan legislation makes it easier for scientists to study the plant, including
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Asian markets surged Thursday after comments from US Federal Reserve Chair Jerome Powell indicating that the central bank might slow the pace of interest rate hikes to combat inflation. The rally was also fueled by signs that China may be shifting its approach to containing COVID-19 outbreaks, focusing more on
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Asian equities surged today after Federal Reserve Chair Jerome Powell's speech hinted at a potential slowdown in monetary tightening, with the dollar and Treasury yields sliding in response. The MSCI's broadest index of Asia-Pacific shares outside Japan jumped 2 per cent in early Asian trade, with
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The latest Federal Reserve policy meeting minutes suggested a 'substantial majority' of Fed policymakers agreed it would 'likely soon be appropriate' to slow the pace of interest rate hikes. This led to an increase in world equities and a retreat in U.S. Treasury yields on
Stocks
The U.S. stock market indexes experienced modest gains on Wednesday ahead of the release of the Federal Reserve's minutes, amidst Americans' preparations to visit family and friends over the holiday. Tesla surged after a Citigroup upgrade, while other stocks fared mixed results. Despite mixed retail earnings
Stocks
The Dow Jones Industrial Average saw a 0.1% drop at the end of a choppy trading day, with the morning's 0.2% uptick fading early but regaining momentum following the release of the Federal Reserve's minutes at 11 a.m. ET. The Fed's
Stocks
Global stocks plunged Tuesday, led by U.S. equity futures, as investors retreated from risk markets amid concerns that aggressive central bank rate hikes will trigger a recession. The warning was echoed by JPMorgan Chase CEO Jamie Dimon, who said a U.S. recession was possible within six to nine
