Major U.S. stock indexes surged in afternoon trading Friday, as a volatile week of equities trading gets set to draw to a close. The Dow Jones Industrial Average was up 0.4% recent trading, while the Nasdaq Composite and S&P 500 were both up 0.7%. All three indexes closed sharply higher on Thursday, with the S&P 500 and Nasdaq recording their biggest one-day point gains since 2022, as the economic concerns that had roiled the market for the past week subsided after a benign weekly jobless claims report.

Dow Jones Today: Stocks Move Higher; S&P 500, Nasdaq Back in the Green for the Week

CBS New York

Fear, long absent in financial markets as investors bet on a "soft landing" for the U.S. economy, is back in the air on Wall Street.Stocks tumbled Friday after new government data showed a steep decline in hiring in July, spurring concerns that economic activity is slowing faster than economists expected. Two hours into the session, the blue-chip Dow Jones Industrial Average was down 984 points, or 2.4%, to 39,415. The broader S&P 500 sank 2.5%, while the tech-heavy Nasdaq Composite lost nearly 3%, fueled by disappointing quarterly earnings from bellwethers such as Amazon and Intel. Market analyst Adam Crisafulli of Vital Knowledge...

Dow plunges nearly 1,000 points amid sharp drop in U.S. hiring

U.S. Treasury yields were lower on Friday as investors weighed this week's key data and considered the state of the economy. Yields and prices move in opposite directions. One basis point equals 0.01%. Treasurys. Yields had jumped on Thursday after U.S. retail sales figures for July came in much higher...

Treasury yields fall as investors digest economic data

The Associated Press

NEW YORK (AP) — U.S. stocks are drifting Friday as Wall Street coasts to the close of its best week since November. The S&P 500 was edging down by 0.1% in midday trading and potentially on track to snap a six-day winning streak. The Dow Jones Industrial Average was up 1 point, or less than 0.1%, as of 11:30 a.m. Eastern time, and the Nasdaq composite was 0.1% lower.

Stock market today: Wall Street drifts as it closes out its best week since November

Kristina Hooper, Invesco chief global market strategist, joins 'Closing Bell' to discuss the Fed, the markets and earnings.

The market is telling us there's a higher probability of a recession, says Invesco's Kristina Hooper

Writers represent independent, third-party users who have joined our contributor program and self-verified their accounts. Writers are expected, like all users, to adhere to our Community Standards.

writer

J. Souza

According to cruise industry reports, the world's largest cruise ship is sailing well above 100% capacity, thanks to more beds being filled on recent sailings. Royal Caribbean’s newest flagship, the Icon of the Seas, is proving to be an unprecedented success, with occupancy rates far exceeding expectations.

The Largest Cruise Ship in the World is Sailing at 132% Capacity: How This is Even Possible

This story is part of CNBC Make It's Millennial Money series, which details how people around the world earn, spend and save their money. Jewells Chambers doesn't look like a typical Icelander. In a country where 94% of people identify as native Icelandic, Chambers, a Black American woman, is among the other 6%.

38-year-old American expat lives on $73,000 in one of the world's most expensive countries: 'I feel safe, I feel at home'

As new government data shows inflation subsiding, Social Security beneficiaries may expect a lower cost-of-living adjustment in 2025. The prospective Social Security COLA for 2025 could be the lowest since 2021, according to a new estimate. Even as new government inflation data shows inflation subsiding, many retirees are still struggling...

Social Security cost-of-living adjustment may be 2.6% in 2025, new estimate finds

When you're interviewing for a job, "asking great questions is such an underrated way to differentiate yourself from everyone else," says Nolan Church, former Google recruiter and current CEO of salary data company FairComp. Good questions can help make the case for why you're a rockstar at work. But asking...

Always ask these 4 questions when you're interviewing for a job, says ex-Google recruiter

Colorado State

Contributors represent independent, third-party users who have joined our contributor program and self-verified their accounts. They have also demonstrated their experience writing hard news for other outlets. Contributors are expected, like all users, to adhere to our Community Standards.

contributor

David Heitz

A bill quietly introduced this spring in the Colorado legislature to decriminalize the possession of drug paraphernalia obtained by harm reductionists has become law. As low-key as the legislation was introduced, the bill was signed into law without fanfare June 6. It garnered little to no media attention.

Colorado legalizes needles, pipes for meth and crack if obtained by harm reduction group

The Hill

NEW YORK (AP) — U.S. stocks rallied Tuesday to one of their best days of the year after the first of several highly anticipated reports on the economy this week came in better than expected. The S&P 500 jumped 1.7% for its third-best day of 2024 after the U.S....

Stock market today: Wall Street rallies to one of its best days of the year after inflation report

When he was 27 years old, Bernard Meyer moved from the U.S. to Lithuania: the world's happiest country for young people. After over a decade in the northeastern Europe country, he says earning less money is worth the sacrifice for a much better quality of life. Meyer, a senior communications...

Earn less, relax more: An American who moved to Lithuania describes life in the world’s happiest country for young people

The S&P 500 Index ($SPX) (SPY) Thursday closed up +1.61%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +1.39%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +2.46%. US stocks Thursday finished sharply higher, with the S&P 500, Dow Jones Industrials, and Nasdaq 100 posting 2-week highs. Signs...

Stocks Finish Higher on Solid US Economic News

Gold prices pared gains on Thursday as the dollar and Treasury yields rose after stronger-than-expected U.S. economic data that could influence the size of interest rate cuts from the Federal Reserve. Spot gold inched higher 0.3% at $2,455.79, after rising as much as 0.9% earlier in the session. U.S. gold...

Gold pares gains as dollar, bond yields climb after strong U.S. data

's earnings report, saying the retailer's insights make him think interest rate cuts from the Federal Reserve could stop the housing market from making a hard landing. "Right now, housing's waiting for the cavalry to come to the rescue, by which I mean it's waiting for the Fed to cut rates," he said. "While that's not something we desperately need, at least for the moment it could be a major positive catalyst for a huge part of the economy. Yes, lower rates will work, but, alas, not until the Fed gets off the bench and gives them to us."

Cramer explains what Home Depot's quarter says about the housing market

24/7 Wall St.

With over a year of interest rates continuing to remain above 5%, many investors appear to be taking a more defensive approach to portfolio construction. That’s not to say that capital is increasingly flowing into mega-cap companies that are generally considered to be safer due to their size. In fact, a rotation has been building […]
The post 3 Stocks That Will Pop From a Big Interest Rate Cut appeared first on 24/7 Wall St..

3 Stocks That Will Pop From a Big Interest Rate Cut

In 2020, Kristina Knighten, 38, and her husband, Paul Cordier, 46, closed on their dream home in Lago d'Iseo, Italy. They bought the two-bedroom house for 23,000 euros, or $24,973, at the time. "It looked like a house you drew when you were a kid with the pitched roof, the...

This couple lives in an apartment in Italy that sat mostly abandoned for 22 years—take a look inside

TheStreet

CEO Satya Nadella's AI ambitions for Microsoft will require significant spending increases over the coming years.

Analyst revisits Microsoft stock price target amid AI spending ramp

NEW YORK (AP) — U.S. stocks ticked higher in a quiet Wednesday after the latest update on inflation came in almost exactly as economists expected. The S&P 500 rose 0.4% to follow up on one of its best days of the year and climb within 3.7% of its all-time high set last month. The Dow Jones Industrial Average gained 242 points, or 0.6%, to finish a day above the 40,000 level for the first time in nearly two weeks. The Nasdaq composite edged up less than 0.1%.

Stock market today: Wall Street ticks higher after inflation data clears the way for cuts to rates

New Jersey State

Collingswood, NJ

Morristown Minute

CAMDEN, N.J. – Ralston Boswell, 34, of Collingswood, New Jersey, has admitted to participating in schemes to fraudulently obtain Paycheck Protection Program (PPP) loans and unemployment insurance benefits. The announcement was made by U.S. Attorney Philip R. Sellinger.

Plea: Man's PPP & Unemployment Fraud - $209K Scam

NewsBreak

Stocks are little changed as S&P 500 heads for big winning week: Live updates

U.S. stocks hovered near the flatline Friday as investors closed out the best week of 2024, part of a market comeback from a violent rout to...

Stocks are little changed as S&P 500 heads for big winning week: Live updates

Comments / 0