Powell, stocks and weaker labor market
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The Dow Jones Industrial Average was on track for its first record close since December on Friday after Federal Reserve Chair Jerome Powell opened the door to a September rate cut, sparking a broad stock-market rally.
How Walmart is navigating higher tariffs, ESPN’s new sports streaming platform, Cracker Barrel’s new logo, and more news to start your day.
Live Updates Live Coverage Has Ended Thursday Wrap-up 4:17 pm The Vanguard S&P 500 ETF closed at 584.27 Thursday, down 0.4%. Morgan Stanley Loves HP Enterprise 12:31 pm In analyst action, Morgan Stanley analyst Erik Woodring upgraded shares of HP Enterprise (NYSE: HPE) to overweight with a $28 price target this morning.
The stock market is heading into a catalyst-filled week as Fed Chair Jerome Powell gets ready to speak at Jackson Hole and big retailers report earnings.
President Donald Trump has exerted unprecedented influence on the U.S. economy, and global financial markets, since his return to the White House earlier this year. But his efforts to dictate Federal Reserve interest rates,
Live Updates Live Coverage Updates appear automatically as they are published. Zoom Stock (What Else?) Zooms Higher 9:38 am One more high-profile earnings report from last night: Pandemic star Zoom Communications (Nasdaq: ZM) reported a $1.
When Nvidia, the chip producer, reports earnings next week, investors expect the S&P 500 to have a bigger reaction than when the Fed chair delivers a big speech on Friday.
US Federal Reserve Chair Jerome Powell is set to strike a careful balance in his much-anticipated speech at Friday’s central banking conference, as he navigates criticism from President Donald Trump and conflicting economic signals.
Trump’s tariffs and the outlook for interest rates continue to affect global markets. Follow along for live updates on the Dow, S&P 500 and Nasdaq.
Shares of business intelligence platform Domo (NASDAQ:DOMO) fell 4.6% in the pre-market session after a broader market downturn impacted the technology sector, as investors grew cautious ahead of a key speech by Federal Reserve Chair Jerome Powell.