On Friday, stocks were higher, with the Dow Jones Industrial Average closing around 2.6 percent higher, adding 828.52 points and settling at 32,861.80. The S&P also fared well, adding almost 2.5 percent in gains and closing at 3,901.06. The Nasdaq closed at 11,102.45, or 2.9 percent higher than the...
On Thursday, Facebook parent company Meta reported that it had its second consecutive quarterly loss, with shares trading below $100 at the opening bell, marking its lowest share price since 2016. The company’s Reality Labs Division saw losses of $9.4 billion during the first three quarters of 2022. The division...
On Thursday, stocks recovered from earlier losses in the session and rose after a morning of volatile trading. Stocks initially reacted poorly to the latest inflation report but turned around after a 500-point fall.  As of  2:21 PM EDT, the Dow Jones Industrial Average stood at 30,022.54, a gain of...
On Wednesday, oil prices rose as they built on highs from recent trading days. The rally was owing to an OPEC+ announcement that it would cut oil production despite a tight market and opposition from the U.S. and its allies. The OPEC+ cuts are said to equal 2 million...
October has started out strong for Wall Street offering a much-needed break from September’s declines. Wall Street saw a two-day winning on Tuesday, building on Monday’s rally. The Dow Jones Industrial Average climbed 2.8 percent, rising 825.43 points to 30,316.32. The Nasdaq also ended up higher by 3.3 percent, settling...
Nintendo has moved forward with its previous announcement of offering a 10-for-1 stock split to attract new investors. On Thursday, the gaming company said it was reducing the price of individual shares and prices for the company’s stock split were reflected on the website of the Japanese Stock Exchange. The...
On Wednesday, the Dow Jones Industrial Average made a huge comeback from a 2022 low after the Bank of England announced that it planned to purchase bonds to help stabilize its markets. The pivoting of monetary policy stabilized the British pound, which has been a central focus in the financial...
During early trading on Friday, the 2-year Treasury yield reached a 15-year high of 4.266 percent as investors weighed the latest interest rate hike from the Federal Reserve. By the close of trading, the 2-year note had settled at 4.21 percent. The 10-year yield also hit an 11-year high...
Volkswagen is aiming for a $70.1 billion to $75.1 billion valuation for sportscar automaker, Porsche. Volkswagen, the parent company of Porsche, had been expected to make an announcement on the price range later this month or in early October. In 2011, Volkswagen and Porsche merged, and Porsche was given a...
On Friday, stocks fell sharply after Jerome Powell said that the central bank would continue its fight against inflation.  The Dow Jones Industrial Average closed Friday’s session 1,008.38 points lower to 32,283.40, marking a 3.03 percent decline. Meanwhile, the S&P 500 ended the session at 4,057.66 after losing 141.46 points...