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Stocks have recovered this week, even after warnings from Federal Reserve Chairman Jerome Powell that the central bank's efforts to cool inflation by raising interest rates could cause a recession.
U.S. stocks rallied into the close on Friday with all three benchmarks finishing near their highs of the session as falling commodity prices and intensifying recession fears caused inflation expectations to moderate, helping stocks to post their first weekly gain in three. The S&P 500 gained 116.42 points, or 3%, to 3912.15. The Dow Jones Industrial Average closed 824.18 points, or 2.7%, higher at 31,501.50 . The Nasdaq Composite rose 375.43 points, or 3.3%, to 11,607.60. Fed Funds futures, used
U.S. stocks end sharply higher Friday, with gains led by the technology-heavy Nasdaq, as all three major benchmarks score big weekly gains.
U.S. stock indexes moved more than 2% higher, as investors shifted their views about central bank policy after weak economic data.
Stock futures higher but growth concerns linger; U.S. banks pass Fed stress tests, paving way for dividend boost; FedEx shares jump after Q4 earnings beat, solid 2023 outlook; Gas prices slide as White House meets with oil bosses and Softbank's son says Arm likely to list on the Nasdaq
Stocks finished sharply higher Friday as investors rode a so-called 'relief rally' while re-setting other market prices for a near-term recession.
Delivery giant gives strong 2023 guidance after narrowly missing earnings views for the May quarter. FedEx stock popped.
Stocks' stomach-churning start to 2022 raises big questions for the next six months. Here's what you should know.
Pro-choice supporters took to the streets in Atlanta just hours after the Supreme Court handed down a ruling that overturned Roe v. Wade.
Aaron Weinman, finance correspondent for Business Insider, joined CBS News' Michelle Miller and Tanya Rivero to discuss Friday's stock market rally.
Wall Street is likely poised to scale back its forecasts for profits, with ugly consequences for stocks, so investors will want to identify companies that are immune.
Reaction came fast and furious Friday after the Supreme Court overturned the landmark Roe v. Wade ruling guaranteeing a constitutional right to an abortion.
The stock market rebounded this week as Fed chief Jerome Powell vowed an aggressive inflation fight. Treasury yields retreated.
The abortion rights fills New York City's 5th Avenue as it proceeds from Union Square to Washington Square Park.
Plus, all US big banks pass the latest Fed stress test despite tougher standards, and a quick look at Dollar General.
Bond yields declined Friday, after data showed a downward revision in inflation expectations as consumer sentiment fell to a record low.
Red Raiders' standout who was fourth in long jump at recent NCAA championships duplicates her finish in return trip to Eugene
Gold futures are trading lower for the week as fears of aggressive rate hikes by the major central banks weigh on demand for non-yielding bullion.
Yahoo Finance Live anchors discuss quarterly earnings for FedEx and CarMax.
Rogers knows a thing or two about making money in turbulent times.
As we move toward the end of Q2, it’s time to start thinking about earnings. Looking back at the quarter, analysts are predicting earnings growth of 8%, which may rise to 11% heading into next year. It’s a rosy picture, but it’s also not a sure thing. GDP contracted in Q1, by nearly 1.5%, and some estimates are showing 0% growth in Q2. Such results would meet the technical definition of a recession – and recession is hardly the usual environment to find robust earnings growth. Looking at current
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