Dow rises 450 points after strong GDP data, as investors shake off ‘kick in the teeth’ from Fed’s Powell

US stocks posted strong gains Thursday morning, finding support after a much stronger-than-expected reading on fourth-quarter economic growth and bouncing back from weakness in the previous session triggered by Federal Reserve Chairman Jerome Powell’s indication that the central bank was planning to make several interest-rate hikes this year. What’s happening The Dow Jones Industrial Average … Read more

Fed Interest-Rate Decision Tees Up March Increase

The Federal Reserve signaled it would begin steadily raising interest rates in mid-March, its latest move toward removing stimulus to bring down inflation. Fed Chairman Jerome Powell said Wednesday that the central bank was ready to raise rates at its March 15-16 meeting and could continue to lift them faster than it did during the … Read more

SEC Seeks More Disclosures From Private-Equity and Hedge Funds

WASHINGTON—Federal regulators proposed measures that would significantly increase their visibility into private-equity funds and some hedge funds, the first in a range of plans to expand oversight of private markets. The Securities and Exchange Commission voted 3-1 to issue a proposal Wednesday that would increase the amount and timeliness of confidential information that private-equity and … Read more

GE Earnings Beat Expectations. Why the Stock Dropped.

font size GE’s free cash flow guidance looks strong, while its earnings forecast look light. Sebastien Buzon/AFP via Getty Images General Electric Shares fell after the company reported better-than-expected fourth-quarter earnings and cash flow, while sales missed expectations. The administration’s financial guidance for 2022 has been mixed. GE (Ticker: GE) stock is down 6% on … Read more

Investors Pile Into Gold, Seeking Safety From Market, Geopolitical Turbulence

One asset holding up through the early 2022 market turmoil: gold. Rising geopolitical tensions in Europe and a slide in major US stock indexes has sent investors rushing into the haven metal. On Friday, they poured a record net $1.6 billion into SPDR Gold Shares, GLD 0.61% the world’s largest physically backed gold exchange-traded fund, … Read more

Buckle up: U.S. stock futures sink after wild day on Wall Street

here we go again. After a busy day of trading that saw a 1,000-point swing by the Dow, US stock futures fell sharply Monday night. Dow Jones Industrial Average futures YM00, -0.80% It is down more than 200 pips as of 10PM ET, while the S&P 500 futures ES00, -1.18% and Nasdaq-100 futures NQ00, -1.66% … Read more

IBM Earnings Are Strong as Turnaround Takes Hold

font size IBM’s sales rose 6.5% in the fourth quarter to $16.7 billion. Ethan Miller / Getty Images IBM Monday posted strong fourth-quarter results, with the best sales growth in more than a decade. The findings suggest CEO Arvind Krishna’s strategy to bring the old tech giant back to growth is beginning to pay off. … Read more

Bitcoin Price Has Lost Half Its Value—Again

Bitcoin extended its slide on Monday and is now down by half from its record high. The cryptocurrency has fallen for six of the past seven days, down 10% on Monday, compared to its 5pm level on Friday. It fell below $33,000, its lowest level since July, before trading around $34,200, according to data from … Read more

Bitcoin, Coinbase, Peloton, Kohl’s: What to Watch in the Stock Market Today

Updated Jan 24, 2022 at 9:33AM ET Stock indexes on Wall Street fell in morning trading as investors prepared for the Federal Reserve meeting and earnings of major technology companies. Cryptocurrencies were broadly lower, with bitcoin down 8.3% from Friday’s level at 5pm ET, and cryptocurrency stocks dropping along with it, including crypto exchange Coinbase … Read more

Stock Futures Edge Higher After Bruising Week

US stocks were on the verge of reclaiming some of their gains as investors prepare for the meeting of the Federal Reserve and the earnings of major tech companies. S&P 500 futures rose 0.3% on Monday, after the benchmark index endured its third consecutive weekly decline and the largest since March 2020. Contracts for the … Read more