Stock Market News Today: Indexes to Close Out Worst Year Since 2008
Through Thursday, the S&P 500 was down 19% for the year, the Dow was off 8.6%, while the Nasdaq has plunged 33%.
Source: businessinsider.com
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Stock Market News Today: Upbeat Nike Earnings Show Resilient Consumer
Nike jumped 13% in early Wednesday trades after the company said footwear and apparel sales rose 25% and 4% in the quarter, respectively.
Source: businessinsider.com
Stock Market News Today: Investors Fret About Fed's Planned Rate Hikes
Investors still seem worried about the prospect of further Fed tightening as it prioritizes inflation over a potential recession.
Source: businessinsider.com
Stock Market News Today: Stocks Soar After Powell Signals 50 Bp Rate Hike
"It is entirely possible the December hike of 50 basis points could be the last hike," Fundstrat's Tom Lee said of Fed Chair Jerome Powell's speech.
Source: businessinsider.com
Stock Market News Today: Positive Q3 GDP Revision and Powell Speech
Q3 GDP growth was revised to 2.9% from 2.6%, while the ADP payroll report showed 127,000 jobs added in November, below estimates for 190,000 jobs.
Source: businessinsider.com