US stocks rise, yields sink after Fed indicates rate cuts are coming
The S&P 500 was 0.6% higher, up from virtually flat just before the Fed's announcement.
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The S&P 500 was 0.6% higher, up from virtually flat just before the Fed's announcement.
NEW YORK (AP) — Stocks closed lower on Wall Street, pulling the S&P 500 down 10% from the peak it reached in July. That puts the benchmark index into what’s
Stocks closed lower on Wall Street, bringing the S&P 500 index 10% below the peak it reached in July. That puts the benchmark index into what's called a “correction.” The declines came amid the latest batch of earnings from big technology and energy companies and some mixed readings on the economy. The S&P 500 fell 0.5% Friday, its 10th loss in the last 12 days. The Dow fell 366 points, and the Nasdaq composite rose 0.4%. Treasury yields held steady following a mixed report on inflation, consumer spending and incomes. Higher yields in the bond market have been helping ...
Stocks stumbled on Wall Street on Friday, bringing the S&P 500 10% below the peak it reached in July and putting the benchmark index into what's called a "correction."
Wall Street is holding a bit steadier following an encouraging profit report from Amazon, one of its most influential companies, and some mixed readings on the U.S. economy. The S&P