People walk past an electronic stock board showing Japan's Nikkei 225 index at a securities firm Thursday, Dec. 8, 2022, in Tokyo. Shares are mostly lower in Asia after Wall Street sagged under weakness in tech stocks. Stocks rose in midday trading on Wall Street Thursday, but remain lower for the week after five straight losses.&P 500 rose 0.8% as of 11:54 a.m. Eastern. The Dow Jones Industrial Average rose 215 points, or 0.6%, to 33,812 and the Nasdaq rose 1.2%.
U.S. crude oil prices edged 0.7% higher after bouncing around earlier in the day. They hit their lowest point of the year a day earlier. Low unemployment is good for the broader economy but makes it more difficult for the Federal Reserve to tame inflation. The central bank has been raising interest rates to curb borrowing and spending in order to cool the hottest inflation in decades. Its benchmark interest rate sits at 3.75% to 4%, the highest in 15 years.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stocks rise on Wall Street, but remain lower for the weekNEW YORK (AP) — Stocks rose in morning trading on Wall Street Thursday, but remain lower for the week after five straight losses. The S&P 500 rose 0.9% as of 10:14 a.m. Eastern. The Dow Jones Industrial Average rose 244 points, or 0.7%, to 33,842 and the Nasdaq rose 1.2%.
Source: AP - 🏆 728. / 51 Read more »
Stocks rise on Wall Street, but remain lower for the weekShares are mixed in Europe and Asia ahead of the release Thursday and Friday of U.S. jobless and inflation data. inflation kprc2 click2houston us
Source: KPRC2 - 🏆 80. / 68 Read more »
Stock Market News Today: Dow Drops 400 Points, Nasdaq and S&P 500 DownThe Dow fell more than 500 points, extending this week's declines on worries about the outlook for interest rates DJ only 8% down on 2022 .. stills not pricing any kind of recession. There is waaay more to go, on the downside, unless a ton of inflation is priced in — and it does not appear to be a valid assumption. Good.
Source: WSJ - 🏆 98. / 63 Read more »
Stocks fall again on Wall Street, extending recent lossesStocks fell again on Wall Street, extending the market's recent string of losses
Source: WOKVNews - 🏆 247. / 63 Read more »
Stocks decline in Asia, extending losses on Wall StreetShares are lower in Asia after benchmarks fell again on Wall Street on fears the Federal Reserve will need to keep the brakes on the economy to get inflation under control, risking a sharp recession
Source: WOKVNews - 🏆 247. / 63 Read more »