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The S&P 500 sank 5% in a very bad week for stocks. These 20 lost as much as 24%.

The S&P 500 sank 5% in a very bad week for stocks. These 20 lost as much as 24%.

U.S. stocks sputtered Friday to close out the week in the red. The day’s declines of less than 1% for the broad indexes paled against Tuesday’s, when they sank 4% to 5%. For the week, the Dow Jones Industrial Average DJIA, -0.45% was down 1,329 points (or 4.1%), closing Friday at 30,822. The benchmark S&P …

The S&P 500 sank 5% in a very bad week for stocks. These 20 lost as much as 24%. Read More »

Ray Dalio says watch out for rates reaching this level, because Wall Street stocks will take a 20% hit

Ray Dalio says watch out for rates reaching this level, because Wall Street stocks will take a 20% hit

After that CPI shock earlier in the week, Wall Street is bracing for a fresh batch of data including retail sales, on Thursday, with a deepening yield curve inversion between 2- and 10-year bonds giving off ever gloomier economic signals. There’s good news though, as a disastrous rail strike may be averted. There’s no cheering …

Ray Dalio says watch out for rates reaching this level, because Wall Street stocks will take a 20% hit Read More »

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 …

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

U.S. stocks climb as strong economic data lifts sentiment ahead of Powell speech

U.S. stocks climb as strong economic data lifts sentiment ahead of Powell speech

U.S. stocks advanced on Thursday with the main benchmarks headed for back-to-back gains following a batch of strong economic data as investors waited to hear from Federal Reserve Chairman Jerome Powell. How stocks are trading S&P 500 SPX rose 18 points, or 0.6%, to 4,163. Dow Jones Industrial Average DJIA advanced 22 points, or 0.1%, …

U.S. stocks climb as strong economic data lifts sentiment ahead of Powell speech Read More »

Fed heroics or no, the S&P 500 level is destined for a retest of lows. These are the levels to watch, says this strategist

Fed heroics or no, the S&P 500 level is destined for a retest of lows. These are the levels to watch, says this strategist

In the words of the great Bonnie Tyler: “He’s gotta be sure, and it’s gotta be soon, and he’s gotta be larger than life.” The hero this market is holding out for is Fed Chair Jerome Powell, and he’s talking Friday, so that’s soon. Whether he’s sure remains the question. “Speculation is running so hot …

Fed heroics or no, the S&P 500 level is destined for a retest of lows. These are the levels to watch, says this strategist Read More »

Dow tumbles over 500 points, S&P 500 sheds 1.7% as investors question Fed pivot thesis

Dow tumbles over 500 points, S&P 500 sheds 1.7% as investors question Fed pivot thesis

U.S. stocks were sliding on Monday on fears that the recent rally was based on an overly optimistic view about the Federal Reserve’s potential to pivot away from using sharply higher interest rates to fight inflation. How are stocks trading? The S&P 500 SPX fell 71 points, or 1.7%, to 4,156. The Dow Jones Industrial …

Dow tumbles over 500 points, S&P 500 sheds 1.7% as investors question Fed pivot thesis Read More »

These stocks soared up to 12% after inflation cooled

These stocks soared up to 12% after inflation cooled

Amid the euphoria following what appeared to be the first sign of slowing inflation, stocks staged a broad rally on Aug. 10, with dozens of large-cap stocks rising 5% or more. Those included several tech names that investors loved during the early stages of the coronvirus pandemic, along with cruise lines, credit-card lenders and chip-related …

These stocks soared up to 12% after inflation cooled Read More »

Auto makers warn most electric vehicles won't qualify for federal tax credit

Auto makers warn most electric vehicles won’t qualify for federal tax credit

But the auto industry is warning that the vast majority of EV purchases won’t qualify for a tax credit that large. That’s mainly because of the bill’s requirement that, to qualify for the credit, an electric vehicle must contain a battery built in North America with minerals mined or recycled on the continent. And those …

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Ford hikes price on all-electric F-150 Lightning due to shortages, inflation --- here's how much the pickup truck will cost

Ford hikes price on all-electric F-150 Lightning due to shortages, inflation — here’s how much the pickup truck will cost

Ford Motor Co. this week will reopen its order banks exclusive to reservation holders for the all-electric F-150 Lightning pickup truck. With this round comes a slightly longer battery range and a higher sticker price for model year 2023. Citing “significant material cost increases and other factors,” the automaker said in a release it would …

Ford hikes price on all-electric F-150 Lightning due to shortages, inflation — here’s how much the pickup truck will cost Read More »