Stocks reversed to trade higher on Wednesday after the Federal Reserve slashed its rate-hike outlook for 2019 to zero. The S&P 500 was up 0.2 percent while the Nasdaq Composite traded 0.5 percent higher. The Dow Jones Industrial Average traded just 10 points lower after falling 216.46 points earlier in the day. — RECOMMENDED — Learn How … Read more
The Federal Reserve decided Wednesday to hold interest rates steady and indicated that no more hikes will be coming this year. In a unanimous move that coincides with market expectations and demands, the central bank’s policymaking Federal Open Market Committee took a sharp dovish turn from policy projections just three months earlier. After the announcement, … Read more
A top executive at FedEx is flagging serious concerns in the global economy. The multinational package delivery service reported declining international revenue as a result of unfavorable exchange rates and the negative effects of trade battles. “Slowing international macroeconomic conditions and weaker global trade growth trends continue, as seen in the year-over-year decline in our … Read more
The EU’s commissioner for competition, Margrethe Vestager, said Wednesday that Google must pay 1.49 billion euros ($1.69 billion) for stifling competition in the online advertisement sector. Google’s Adsense pushes ads triggered by search engines embedded websites. Rival firms to Google had claimed the product was placed on websites with the understanding that no other systems … Read more
U.S. stock index futures barely moved on Wednesday as investors await a policy decision by the U.S. Federal Reserve. At 7 a.m. ET, Dow futures pointed to a drop of less than 20 points at the open. Futures in S&P 500 and Nasdaq were little changed. Market focus is largely attuned to global trade developments, … Read more
Stocks looked great this morning. The major indices were up nicely at the open. And after a quiet morning, stocks rallied midday. At one point, the S&P was up 0.7% and trading at highs of the year. But stocks pulled back during lunch, erasing morning gains. In the afternoon, the major indices tried to find … Read more
Stocks gyrated on Tuesday as investors puzzled over conflicting reports over the progress of U.S.-China trade negotiations. Bloomberg News initially reported, citing people familiar with the matter, that U.S. officials are worried China may be pushing back against U.S. demands in the countries’ ongoing trade talks. The report also said Chinese negotiators are worried they have … Read more
U.S. stock index futures traded higher on Tuesday, broadly supported on expectations the Federal Reserve could strike a dovish tone at its latest monetary-policy meeting. At around 7 a.m. ET, Dow Jones Industrial Average futures indicated a gain of 128 points at the open. Futures on the S&P 500 and Nasdaq 100 also rose. The Fed … Read more
Stocks rallied to highs of the year today. But it wasn’t easy. After kicking off the week with small gains, stocks rallied in the morning. But stocks dropped late morning, erasing the day’s early gains. Trading was choppy and slow mid-day. Then a late session rally helped lift the major indices to session highs heading … Read more
U.S. stock index futures were mixed on Monday morning, with the Dow Jones Industrial Average under renewed pressure by a drop in shares of Dow component Boeing. Boeing shares slipped in the premarket after the U.S. Department of Transportation launched an investigation into whether there were lapses in the Federal Aviation Administration’s approval of Boeing … Read more