Apple and other U.S. stocks ended sharply lower on Wednesday after historic U.S. inflation data did little to ease investor worries over…
Tag: U.S. Federal Reserve
Rampant inflation hits 8.3% in April year over year, remains near 40-year highs
U.S. inflation rose again in April, accelerating to 8.3% in April, more than the 8.1% estimate and near the highest level in more than 40…
Wall Street sells off, led by Apple shares amid inflation, rate concerns
U.S. stocks ended sharply lower on Monday, led by declines in Apple and other mega-cap growth shares as the benchmark 10-year yield…
Apple, main stock indexes end higher in see-saw trading before Fed meeting
Ahead of this week’s U.S. Federal Reserve meeting, Apple and Wall Street’s main indexes seesawed throughout the session to close higher…
Stock futures slip on U.S. Federal Reserve’s hawkish pivot over rampant inflation
Jerome Powell’s speech signaled a hawkish pivot for the central bank in an attempt to more quickly to combat rampant inflation at more than…
U.S. Producer Price Index surges 11.2% in March, highest level on record
The U.S. Labor Department reported Wednesday that the Producer Price Index (PPI), which measures inflation at the wholesale level before…
U.S. Inflation hits 40-year high as gas and food prices surge
U.S. inflation accelerated to a new four-decade high in March as rapid price gains wiped out the benefits of rising wages for most Americans…
U.S. stock market swoons ahead of crucial inflation data
The U.S. stock markets closed sharply lower on Monday as rising bond yields weighed on market-leading growth stocks ahead of inflation data…
U.S. stock market falls on fears of hawkish Fed
The U.S. stock market’s main indexes fell on Tuesday after U.S. Federal Reserve Governor Lael Brainard said she expects rapid reductions…
PCE inflation gauge rose 5.4% in March, the highest in nearly 40 years
The Fed’s preferred inflation gauge, the core personal consumption expenditures price index increased 5.4% from a year ago, the largest…
Cash-rich Apple to earn $4 billion more on its cash by 2023 thanks to higher interest rates
With its enormous cash reserves now earning next to nothing, Apple could be one of the bigger corporate beneficiaries of the Fed’s…
Stocks fall after U.S. jobs report, yields spike; oil hits 7-year high
U.S. stocks fell following the stronger-than-expected monthly U.S. jobs report. as bond yields moved higher on the view that the jobs data…
U.S. Federal Reserve signals interest rate hike coming in March in attempt to tamp down raging inflation
The U.S. Federal Reserve on Wednesday provided the clearest hint yet that it could start raising interest rates as soon as March. Inflation …
Wall Street falls as tech stocks weaken on hawkish Fed stance, inflation worries
Wall Street’s main indexes fell in morning trading as Federal Reserve’s last meeting struck a hawkish note, signaling concerns over inflation.
Fed’s signal of rising rates hits tech stocks, especially Apple
Apple shares gave back some gains made in recent weeks as the Fed signaled that interest rates will rise spurring selling of tech stocks …
Apple leads tech stocks lower as investors assess Fed’s hawkish policy
Led by technology behemoth Apple, U.S. tech stocks fell on Thursday as investors assessed the longer-term implications of the Fed…
Woz: Bitcoin is mathematical purity
Apple co-founder Steve “Woz” Wozniak has compared and contrasted the “artificial” U.S. dollar and the “mathematically pure” Bitcoin …
Disappointing September U.S. jobs report badly misses expectations; Dow futures turn negative
A disappointing September U.S. jobs report released Friday badly missed expectations with nonfarm payrolls rising by just…
Stocks tumble on weak U.S. consumer confidence
U.S. consumer confidence this month unexpectedly fell to its lowest since February, intensifying concerns about the economy’s prospects…
Tech stocks power Nasdaq to records; Apple hits new all-time high
The Nasdaq Composite hit a record high on Wednesday, with high-growth technology stocks in the lead after much-weaker-than-expected…
Wall Street gains as Federal Reserve eases taper fears; Apple hits all-time high
Apple shares jumped 3.1% to an all-time high as the S&P 500 and Nasdaq moved to fresh record highs on Monday, led by technology stocks…
Stock futures slide on growth and inflation fears; Federal Reserve stimulus taper
U.S. stock index futures fell on Thursday on growth and inflation fears and concern the Federal Reserve could begin to rein in its massive …
S&P 500 and Dow indexes fall as U.S. weekly jobless claims hit a two-month high
The S&P 500 and the Dow indexes fell on Thursday after data showed weekly jobless claims hit a two-month high, while a rise in megacap tech…
Nasdaq closes at record high as Big Tech roars back
The Nasdaq ended at a record high on Tuesday, lifted by Apple, Amazon, and other top-shelf tech companies as investors shifted their focus…
S&P 500, Nasdaq weighed down by inflation worries
The S&P 500 dipped on Thursday as a slew of economic data showing a post-COVID-19 “V-shaped” recovery accelerated fears of rising inflation…
Key U.S. inflation gauge rises 3.1% year over year, higher than expected
The core personal consumption expenditures price index increased 3.1% in April year-over-year. The Fed considers it the best inflation gauge…
Futures fall as tech stocks lag ahead amid inflation worries
On Wednesday, U.S. stock index futures fell for the third straight session, led by losses in rate-sensitive tech stocks on fears that…
Powered by Apple, the S&P 500 posts biggest August gain since 1986
Not since the Reagan administration has the S&P 500 done this: For the month of August, the S&P showed a gain of 7.01%, its biggest advance…
Tech stocks power S&P 500’s rally; on track for best August in 34 years
The S&P 500, which rallied for the seventh straight session on Friday, is on track for its best August in 34 years, partly powered by…
Fed Chairman Powell announces major policy shift in approach to inflation
The U.S. Federal Reserve announced a major policy shift Thursday, saying that it is willing to allow inflation to run higher than…
U.S. stocks rise on upbeat earnings ahead of Federal Reserve statement
U.S. stocks rose as a slew of positive earnings updates and hopes for assurances of continued support from the Federal Reserve overshadowed concerns…
The U.S. Federal Reserve is getting awfully close to backing Apple stock
By buying Apple bonds, the U.S. Federal Reserve is getting awfully close to backing Apple stock. As a reminder, it’s the largest U.S. company…
U.S. Fed issues details on bond buys: Apple, AT&T, Jack Daniel’s
The U.S. Federal Reserve on Sunday released a list of roughly 750 companies, including Apple, AT&T, Jack Daniel’s, whose corporate bonds it will…
S&P 500, Dow dive on Powell’s somber economic outlook
As Federal Reserve Chairman Jerome Powell warned of an extended period of weak growth and stagnant incomes, the S&P 500 and Dow dove on Wednesday…
Why the stock market could boom this year with its biggest rally ever
The stock market, before Wednesday, rallied strongly as the coronavirus curve flattened. Imagine, now, the magnitude of the rally …
Federal Reserve slashes rates to zero, restarts QE in historic move to combat coronavirus slowdown
Less than 24 hours after President Donald Trump accused the Federal Reserve on Saturday of not being “aggressive” enough, the Fed slashed rates and…
As U.S. economy expands, coronavirus has little impact so far
As the U.S. economy expanded at a modest to moderate pace over the past several weeks, the coronavirus has had little impact so far on U.S. economic data…
Wall Street drops after Federal Reserve’s surprise rate cut
Wall Street dropped on Tuesday in a volatile session after the U.S. Federal Reserve surprised investors with a half percentage-point cut in interest rates…
Fed seen cutting rates amid virus threat, low inflation
Traders are betting that the U.S. Federal Reserve may move aggressively to cut rates due the effects of the COVID-19 coronavirus outbreak…
Apple helps boost Dow as Fed holds rates steady
Apple today helped to boost the Dow Jones Industrial Average after posting stellar results. The Dow closed today up, the S&P 500 was up, and the Nasdaq was up…
U.S. Federal Reserve cuts rates for first time since 2008
The Federal Reserve cut interest rates by 25 basis points in its policy-setting meeting on July 31..
Dow jumps as Fed keeps rates unchanged, better-than-expected U.S. employment; Apple shares up strongly
U.S. stocks gained after Federal Reserve officials announced they would keep benchmark interest rates….
