S&P 500, Nasdaq Fall While Bonds Extend Selloff

S&P 500, Nasdaq Fall While Bonds Extend Selloff

Uncertainty about Federal Reserve policy and the war in Ukraine pushed the S&P 500 to a weekly loss and stoked a selloff in the government bond market. The broad stock-market gauge lost 11.93 points, or 0.3%, to 4488.28 Friday. The tech-heavy Nasdaq Composite declined 186.30 points, or 1.3%, to 13711.00. The blue-chip Dow Jones Industrial … Read more

Why US consumers suspect gas price gouging — and how much stations actually profit from a gallon of the fuel

Why US consumers suspect gas price gouging — and how much stations actually profit from a gallon of the fuel

Oil company executives will be on the hot seat Wednesday at a House subcommittee hearing as US consumers across the country allege gasoline price gouging at the pump, where drivers last month paid record-high prices per gallon for the fuel. The rise in the cost for gasoline came amid a spike in crude-oil prices CLK22, … Read more

UK adds nine more COVID symptoms to official list as its struggles with record case load

UK adds nine more COVID symptoms to official list as its struggles with record case load

The official list of symptoms of COVID-19 has been expanded in the UK, where cases are currently running at the highest level since the start of the pandemic. The National Health Service added nine new symptoms to the list of just three, including sore throat, fatigue and headache, as the Guardian reported. About1 in 13 … Read more

AMC Battles the Streaming Trend. Its Biggest Weapon May Be the Meme Crowd.

AMC Battles the Streaming Trend.  Its Biggest Weapon May Be the Meme Crowd.

Elias Stein text size The morning after streaming won big at the Academy Awards, shares of a movie theater chain— AMC Entertainment—surged 45%, driven by CEO Adam Aron’s efforts to create a future beyond, well, theaters. In mid-March, Aron caught Wall Street off guard with a $27.9 million stake in Hycroft Mining Holding, which owns … Read more

US stock end higher Friday, S&P 500 rises for third straight week, after March jobs report reinforces Fed rate-hike expectations

US stock end higher Friday, S&P 500 rises for third straight week, after March jobs report reinforces Fed rate-hike expectations

All three major US stock benchmarks closed higher Friday, after a March jobs report reinforced a picture of a healthy economy but also underlined expectations for the Federal Reserve to be more aggressive in hiking interest rates in an effort to rein in persistently hot inflation. How did stock indexes perform? The Dow Jones Industrial … Read more

Mortgage Rates Surge to Highest Since 2018

Mortgage Rates Surge to Highest Since 2018

The average rate for a 30-year fixed-rate home loan jumped to 4.67%, mortgage-finance giant Freddie Mac said Thursday, marking the weekly figure’s highest reading since December 2018. The increase extends the 2022 surge in mortgage rates. The rise is hardly shocking, given the record low rates reached in the pandemic period and concerns about high … Read more

There may be little upside left in this stock rally, says Goldman Sachs. Here’s where it advises investors to put their money now.

There may be little upside left in this stock rally, says Goldman Sachs.  Here’s where it advises investors to put their money now.

After seven straight quarterly wins, the S&P 500 is about to log a 3% loss in the first quarter. The last losing quarter was a COVID-fueled 20% slump in March 2020, But a 5% gain for March will make for the best month since October, and the index remains just 4% off its Jan. 4 … Read more

Stocks Close Lower as Oil Prices Rise

Stocks Close Lower as Oil Prices Rise

US stocks fell and oil prices climbed on Wednesday, as concerns about rising commodity prices and uncertain progress in cease-fire talks between Russia and Ukraine weighed on markets. With a day to go, stocks remained on track to lose ground in 2022’s first quarter, but were poised to finish March with solid gains after a … Read more

Stock-market investors laugh off yield curve’s recession warning — for now. Here’s why.

Stock-market investors laugh off yield curve’s recession warning — for now.  Here’s why.

Blink and you missed it, but the yield on the 2-year Treasury note traded briefly above the yield on the 10-year note Tuesday afternoon, temporarily inverting the yield curve and triggering recession warning bells. Data shows that it hasn’t paid in the past to abandon stocks the moment the Treasury yield curve turns upside down, … Read more

Robinhood extends trading hours from 7 am to 8 pm — 3 rookie mistakes when trading stocks after hours

Robinhood extends trading hours from 7 am to 8 pm — 3 rookie mistakes when trading stocks after hours

At 7 am, it can be the time for a morning coffee while 8 pm can be time to have supper, watch your favorite television shows, or even enjoy a glass of wine. If you have a Robinhood account, it’s also becoming a time to play the stock market during extended trading hours — but … Read more