Debt/Bond Markets

Stock Market Edges Higher as Powell Testifies to Congress

Stock Market Edges Higher as Powell Testifies to Congress

U.S. stocks rose Wednesday after Federal Reserve Chairman Jerome Powell acknowledged the possibility of a recession while discussing the central bank’s efforts to address inflation. The S&P 500 gained 0.6%, while the Dow Jones Industrial Average added 0.4%, or about 121 points. The tech-heavy Nasdaq Composite advanced 0.7%. All three indexes were down in early …

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Stock Markets Wobble as Bear Market Looms Over S&P 500

Stock Markets Wobble as Bear Market Looms Over S&P 500

U.S. stocks wavered Thursday on growing worries of an economic slowdown that sent investors into the haven of government bonds. The S&P 500 was recently up about 0.1%, though still close to bear market territory—market shorthand for a 20% fall from a recent high. The index tumbled 4% Wednesday, its biggest one-day retreat since June …

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Odds of ‘hard landing’ jump as stock, bond investors worry about economic growth, says Morgan Stanley

Odds of ‘hard landing’ jump as stock, bond investors worry about economic growth, says Morgan Stanley

The probability of a “hard landing” for the U.S. economy has jumped, with stock and bond investors worried about slowing economic growth, according to Morgan Stanley’s wealth-management division.  “The stock- and bond-market downturn has advanced to behavior resembling a classic cyclical bear market rather than simply a correction,” said Lisa Shalett, chief investment officer at …

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U.S. Stocks Extend Selloff in Another Wild Session

U.S. Stocks Extend Selloff in Another Wild Session

U.S. stocks slipped Friday, extending their losses after one of Wall Street’s worst selloffs since the pandemic began. The Dow Jones Industrial Average lost 202 points, or 0.6%, after slumping more than 1,000 points Thursday, its worst day since 2020. The S&P 500 shed 0.6%, while the technology-heavy Nasdaq Composite lost 1%. Stocks have swung …

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