NASDAQ Composite Index

Dow finishes nearly 200 points lower as Treasury yields rise

Dow finishes nearly 200 points lower as Treasury yields rise

U.S. stocks closed lower on Thursday with technology stocks leading the way down, as bond yields marched further ahead of a likely Federal Reserve interest rate rise next week. What happened? The Dow Jones Industrial Average DJIA, -0.56% finished 173.27 points lower, down 0.6%, at 30,961.82. The S&P 500 SPX, -1.13% dropped 44.66 points, or …

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A punishing selloff in short-term debt is pushing one rate near the 'magic' level that 'frightens' markets

A punishing selloff in short-term debt is pushing one rate near the ‘magic’ level that ‘frightens’ markets

The yield on the 1-year Treasury note is testing 4%, a level that traders say could spill over into other rates and send shivers through financial markets, as the Federal Reserve presses forward in earnest with its campaign to shrink its $8.8 trillion balance sheet. That balance-sheet process, known as “quantitative tightening,” is intended to …

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First major Wall Street bank to call a U.S. recession says 'the pessimists will sadly prevail'

First major Wall Street bank to call a U.S. recession says ‘the pessimists will sadly prevail’

Deutsche Bank, which became the first major Wall Street bank to forecast a U.S. recession in April, is running through its list of pros and cons for why the world’s largest economy might achieve a soft landing — and coming to the conclusion that it won’t. “Our view is that the pessimists will sadly prevail …

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U.S. inflation slows again due to cheaper gas, CPI shows. Yet prices soar for almost everything else

U.S. inflation slows again due to cheaper gas, CPI shows. Yet prices soar for almost everything else

The numbers: Falling gasoline prices last month delivered a second low U.S. inflation reading in a row as the consumer price index rose by just 0.1% in August. But the report also shows inflation has spread more broadly through the economy and is set to spur the Federal Reserve to sharply raise interest rates again. …

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The wild card that could sink stocks: What investors need to know as the Fed unwinds liquidity that had helped fuel market gains

The wild card that could sink stocks: What investors need to know as the Fed unwinds liquidity that had helped fuel market gains

Quantitative monetary easing is credited for juicing stock market returns and boosting other speculative asset values by flooding markets with liquidity as the Federal Reserve snapped up trillions of dollars in bonds during both the 2008 financial crisis and the 2020 coronavirus pandemic in particular. Investors and policy makers may be underestimating what happens as …

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U.S. stocks close sharply higher, snap 3-week losing streak with gains led by tech-heavy Nasdaq

U.S. stocks close sharply higher, snap 3-week losing streak with gains led by tech-heavy Nasdaq

U.S. stocks ended sharply higher Friday, with all three major benchmarks snapping three straight weeks of losses, as investors appeared to have priced in another jumbo rate hike from the Federal Reserve. How stock indexes performed The Dow Jones Industrial Average DJIA, +1.19% advanced 377.19 points, or 1.2%, to close at 32,151.71. The S&P 500 …

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Will the Federal Reserve kill the stock-market bounce?

Bad news for stocks: Fed will be surprised how hard rate hikes hit economy, says BlackRock

Federal Reserve policy makers are about to surprise themselves — and not in a good way when it comes to stocks and other assets perceived as risky, according to analysts at BlackRock Investment Institute. BlackRock has argued that investors are dealing with a “regime shift” as the COVID-19 pandemic upended an unusual period of mild …

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What does Friday's jobs report mean for the market? 'Too hot' and stocks could tumble, says market pro

What does Friday’s jobs report mean for the market? ‘Too hot’ and stocks could tumble, says market pro

With Federal Reserve Chair Powell last week reaffirming plans to keep raising interest rates to bring down inflation despite the risk of recession, Friday’s monthly U.S. jobs report may once again carry risks for the stock market, said Tom Essaye, a former Merrill Lynch trader and the founder of the Sevens Report newsletter. The Labor …

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Dow, S&P 500 finish higher to snap 4-day losing streak ahead of August jobs report

Dow, S&P 500 finish higher to snap 4-day losing streak ahead of August jobs report

U.S. stocks finished mostly higher on Thursday as bond yields rose and another pandemic lockdown in the southwestern Chinese metropolis of Chengdu added to concerns about economic growth. The Dow Jones Industrial Average and the S&P 500 index snapped a four-day losing streak, while the Nasdaq Composite recorded its longest losing streak since February. How stocks …

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Fed’s Powell sparked a 1,000-point rout in the Dow. Here's what investors should do next.

Fed’s Powell sparked a 1,000-point rout in the Dow. Here’s what investors should do next.

Now might be the time to consider hiding out in short-dated Treasurys or corporate bonds and other defensive parts of the stock market. On Friday, Federal Reserve Chairman Jerome Powell talked of a willingness to inflict “some pain” on households and businesses in an unusually blunt Jackson Hole speech that hinted at a 1970s-style inflation …

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