Friday, September 30, 2022

Dow falls nearly 500 points as stocks wrap losing month and quarter

  • Dow falls nearly 500 points as stocks wrap losing month and quarter

    U.S. stocks wrapped the month and quarter with losses as volatility spiked on recession concerns driving the Dow Jones Industrial Average into a bear market. For the month, the Dow and the S&P 500 lost 9%, while the tech-heavy Nasdaq Composite fell 10%. The 10-year Treasury yield clocked its third straight quarter of gains settling at 3.802%. In commodities, oil fell 25% this quarter to $79.49 per barrel.

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Hurricane Ian makes landfall in South Carolina, flooding beaches and roads

"The flooding has been catastrophic," the police department on Pawleys Island, S.C., said around midday. As the storm arrived, the state was under 85 weather alerts.

"The flooding has been catastrophic," the police department on Pawleys Island, S.C., said around midday. As the storm arrived, the state was under 85 weather alerts.

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Stocks slip as S&P 500 heads for worst September since ’08

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Putin illegally annexes territories in Ukraine, in spite of global opposition

The Russian president signed what he calls "accession treaties" that world powers refuse to recognize. It's his latest attempt to redraw the map of Europe at Ukraine's expense.

The Russian president signed what he calls "accession treaties" that world powers refuse to recognize. It's his latest attempt to redraw the map of Europe at Ukraine's expense.

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Thursday, September 29, 2022

Dow falls 458 points led by Boeing, Apple

  • Dow falls 458 points led by Boeing, Apple

    U.S. stocks saw steep swings on Thursday with the Dow Jones Industrial Average wiping out most of Wednesday's 548-point gain. Apple and Boeing led the drop, while Travelers and Visa managed to stay positive. In commodities, oil retreated by 1% to $81.23 per barrel.

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Dow drop nears 700 points

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In a reversal, the Education Dept. is excluding millions from student loan relief

The Biden administration has quietly changed its guidance to disqualify borrowers who have privately-held FFEL and Perkins loans.

The Biden administration has quietly changed its guidance to disqualify borrowers who have privately-held FFEL and Perkins loans.

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Ian will likely hit South Carolina as a hurricane, forecasters say

Tropical Storm Ian, weakened by its devastating trip across the Florida peninsula, is expected to regain strength over the Atlantic Ocean.

Tropical Storm Ian, weakened by its devastating trip across the Florida peninsula, is expected to regain strength over the Atlantic Ocean.

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Dow slides 300 points after U.S. economy contracted in first half of year

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Putin plans to formally annex 4 regions from Ukraine on Friday

The Kremlin says Russian President Vladimir Putin intends to formally annex four territories from Ukraine on Friday, following staged referendums that were condemned by the West.

The Kremlin says Russian President Vladimir Putin intends to formally annex four territories from Ukraine on Friday, following staged referendums that were condemned by the West.

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2Q GDP revision contracts 0.6% cementing recession

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Wednesday, September 28, 2022

Dow jumps over 500 points as stocks soar, bond yields slide

  • Dow jumps over 500 points as stocks soar, bond yields slide

    U.S. stocks staged an impressive rally with the Dow Jones Industrial Average, Nasdaq Composite and S&P 500 gaining around 2% as all 11 of the major S&P groups rose led by energy and communication companies. The yield on the 10-year Treasury saw the biggest one day drop since March 2009 to 3.707%. In commodities, oil jumped 4.6% to $82.15 as Hurricane Ian made landfall in Florida.

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Hurricane Ian makes landfall in southwest Florida as a category 4 storm

The category 4 storm had sustained winds of 150 mph, just shy of category 5 status, before making landfall in Lee County.

The category 4 storm had sustained winds of 150 mph, just shy of category 5 status, before making landfall in Lee County.

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Biogen shares soar on Alzheimer’s drug candidate

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