S&P 500, Dow Erase Early-Year Losses
U.S. stocks rose, with the Standard & Poor’s 500 index turning positive for 2016 in the wake of a dovish Federal Reserve that helped the gauge post its longest weekly winning streak since November. The equity benchmark joined the Dow Jones Industrial Average to advance for the year, staging one of the biggest turnarounds in history. The Dow surged 12 percent in 24 days through Thursday, boosted by seven separate daily advances...
Dollar Up, Treasuries Fall On U.S. Economic Expansion
Global equities pared gains, the dollar rallied and Treasuries fell after reports showed the Federal Reserve’s preferred measure of inflation rose and the pace of U.S. economic expansion exceeded forecasts. The Standard & Poor’s 500 index trimmed a second weekly increase, after the benchmark fluctuated throughout Friday. The dollar strengthened for a third day versus the yen, while yields on 10-year Treasury notes topped 1.75...
Some Funds Offer Stability, But at a Price
New York — Freaked out by the stock market’s big swings? Then the investment industry has something it built just for you: funds that hope to offer a steadier ride. That sounds especially comforting after this year’s jarring start for markets, in which drops of more than 1 percent have become typical. But be careful, the funds carry their own risks. These mutual funds and exchange-traded funds own stocks that could charitably be...
Stocks Soar to Finish A Tough Month
New York — Stocks soared on the last trading day of January, with Microsoft, Visa and other tech stocks making the biggest gains in a broad market rally Friday. Indexes rose throughout the day and finished with their biggest gains in about five months. Asian stocks jumped after the Bank of Japan moved to stimulate the economy, and European markets also rose. In the U.S., tech stocks climbed following strong quarterly results from...
Fears Rise That Plunging Stocks Could Pose Risk to Economy if volatility continues
Major U.S. stock indexes plummeted Friday after a worldwide sell-off overnight triggered by another slide in oil prices, raising concerns about possible spillover effects on the nation’s still-recovering economy. The Dow Jones industrial average closed down 391 points, or about 2.4 percent, to 15,988.08, a level it had not been at since August. The Dow was down more than 500 points before recovering somewhat. The Standard &...
