– Stocks rose in midday trading on Wall Street Thursday, but remain lower for the week after five straight losses.
Technology and health care companies had some of the biggest gains. Apple rose 1.3% and Pfizer rose 1.6%. Bond yields rose. The yield on the 10-year Treasury note, which helps set mortgage rates, rose to 3.47% from 3.42% late Wednesday.The U.S. reported slightly more Americans filed for jobless claims last week, but not as many as economists had forecast. The labor market remains one of the strongest pockets of the economy, which has been stifled under the weight of stubbornly hot inflation and rising interest rates.
The Fed will meet next week and is expected to raise its benchmark interest rate by a half-percentage point.
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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%.
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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
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Stocks fall again on Wall Street, extending recent lossesStocks fell again on Wall Street, extending the market's recent string of losses
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Bitcoin, crypto assets drop, Silvergate shares hit two-year low as stocks trend lowerStocks remain under pressure on Wednesday while crypto prices have begun to trade lower in tandem.
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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.
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