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U.S. stocks initially appeared to take the Federal Reserve's announcement of an expected quarter-point interest rate increase in stride Wednesday, but then tumbled later in the session after Fed Chair Jerome Powell effectively poured cold water on suggestions the central bank may become less aggressive on inflation any time soon.
Renewed concerns about U.S. regional banks and an all-but-certain interest rate increase by the Federal Reserve conspired to lead the stock market lower Tuesday, with all but one of the S&P sectors ending in the red.
Major U.S. stock indexes gave up early gains to end slightly lower Monday, with the Nasdaq Composite retreating from a three-month high, as investors awaited monthly employment data and a Federal Reserve policy meeting that's expected to generate another interest rate hike.
Stronger-than-expected earnings reports have helped drive the major U.S. indexes to recent highs.
Better-than-expected quarterly earnings reports from a handful of big companies drove a broad rally in U.S. stocks Thursday, with social media titan Meta Platforms (META) delivering a standout 14% surge that helped push the tech-focused Nasdaq Composite index up nearly 2.5% to its highest close in over a week.
Nasdaq rebounds after stronger than expected big tech earnings, but banking turmoil weighs on broader market.
Disappointing earnings reports from several companies helped drag major U.S. indexes lower Tuesday, with the broad S&P 500® Index and tech-focused Nasdaq Composite ending at or near their lowest levels in a month.
Nasdaq drops briefly near two-week low as the market anticipates continued profit pressure on tech companies.
Major indexes were slightly higher but still down for the week as recession concerns linger.
Tesla shares nosedive after results disappoint, while a surprisingly large drop in leading economic indicators has added to recession concerns.
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