Wall St rallies as earnings season boost offsets economy worries; Meta, Alphabet shares rise
S&P 500 communication services index ended up 5.5% for its biggest one-day percentage gain since February 2022.
Source: businesstoday.in
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Wall Street falls fourth straight day as recession worries nag; Meta shares down over 4%
The S&P 500, the Dow Jones industrials, and the Nasdaq have sold off sharply for December and are on track for their biggest annual declines since the 2008 financial crisis.
Source: businesstoday.in
S&P posts 4th straight decline as recession talk weighs on Wall Street; Meta, Apple shares fall
Meta Platforms Inc dragged down markets, with its shares sliding 6.8% following reports that European Union regulators have ruled the company should not require users to agree to personalized ads based on their digital activity.
Source: businesstoday.in
Wall Street rises as Fed signals slowdown in rate hikes; Tesla, Meta, Amazon shares up
Since the Fed's last meeting on Nov. 1-2, investors have been more optimistic that price pressures have started to ease, meaning smaller rate hikes could curtail inflation.
Source: businesstoday.in
Wall Street ends strong month on weaker note; focus on Fed meeting
The central bank is widely expected to raise interest rates by 75 basis points on Wednesday at the conclusion of its two-day policy meeting, but investors will look for any signals the Fed may be considering a deceleration in interest rate hikes in the future.
Source: businesstoday.in