NEW YORK (AP) — Wall Street stumbled to a third straight loss on Thursday as U.S. stocks gave back more of their big gains for the year so far. The S&P 500 fell 0.5% and marked its longest losing streak in more than a month. The Dow Jones Industrial Average dropped 173 points, or 0.4%, and the Nasdaq composite sank 0.5%. All three indexes are still near their records set at the start of the week, though. Stocks felt pressure from reports showing the U.S. economy may be stronger than economists thought. W ...

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Inflationary pressures continue to mount, reemerging as the top concern among economists and market watchers, who place the blame squarely on President Donald Trump’s trade and tariff policies. Inflationary Risks ‘Are Rising’ On Tuesday, The Kobeissi Letter warned in a post on X that “Inflation risks are rising,” noting that “72% of CPI components are now surging faster than the Fed's 2% target,” which it ...

By Sinéad Carew and Marc Jones NEW YORK/ LONDON (Reuters) -MSCI's global equities gauge lost ground while the dollar rose as investors worried that Thursday's surprisingly strong U.S. economic data would make the Federal Reserve more cautious about cutting interest rates. U.S. Treasury yields also rose after the Commerce Department's Bureau of Economic Analysis said the U.S. economy grew faster than previously thought in the second quarter, pumped up by an ebb in imports and a pickup in consumer spending ...

Investors are trying to gauge the trajectory of rate cuts from the central bank as it attempts to buttress an economy that has shown signs of a flagging labor market without stoking inflation. With each of the three major indexes, along with the small-cap Russell 2000, closing at record highs simultaneously for the first time in years earlier this week, Powell said on Tuesday that asset prices appeared fairly highly valued. As his colleagues staked out arguments on both sides of the policy divide, the Fed ...

US stocks trod water before the bell on Thursday as Wall Street assessed an unexpected decline in claims, complicating the calculus for interest rate cuts amid uncertainty about Federal Reserve unity on policy. Futures on the Dow Jones Industrial Average (YM=F) dipped about 0.2%, and those tied to the S&P 500 (ES=F) lost 0.4%. Meanwhile, contracts on the tech-heavy Nasdaq 100 (NQ=F) declined 0.5%, after the major gauges closed lower for a second day. Markets are putting the brakes on stocks' recent reco ...

Join our daily newsletter At The Bell to receive exclusive market insightsAustralian shares are heading even deeper into the red on Thursday, according to this morning’s ASX 200 futures, after yesterday’s CPI print confirmed Oz’s overheating inflation hit a calendar high last month.Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more.The consumer price data – another 0.3% higher than in July – suggests the Re ...

Adam Coons is with me, chief investment officer at Winrip Capital Management as markets are at new highs. Are they too frothy. Where are the bubbles.We have so many questions for Adam today. It's good to see you. Welcome back.Thanks for having me. So, how are you feeling about this market now. I mean, like you said, it is frothy.uh so it does feel a little bit extended but when we look at the economy and you know the real data signs it's hard to see a case that uh the market should be going down or anything ...

The real economy has now for several months and even quarters shown an increasing formation of unpleasant risks. The main ones are obviously the stubbornly high inflation and the weakening labor market. For the former, there isRoberts Berzins has over a decade of experience in the financial management helping top-tier corporates shape their financial strategies and execute large-scale financings. He has also made significant efforts to institutionalize REIT framework in Latvia to boost the liquidity of pan- ...

Well, with unemployment edging up and inflation stuck above the Fed's 2% target, Jay Powell sees risks everywhere. Near-term risks to to inflation are tilted to the upside and risks to employment are tilted to the downside. A challenging situation.Two-sided risks mean that there is no risk-free path. Equity prices are are are fairly highly valued, but equity markets aren't hesitating. Stocks have jumped since the Fed's decision to cut rates, and traders still see more cuts before years end.So, is Powell's p ...

The S&P 500 Index has gained roughly 3.7% so far in September, bringing year-to-date gains to 13%. With the Fed delivering its first rate cut of 2025 in September and markets pricing in two more cuts this year, some market upside appears likely in the near term.According to the CME FedWatch tool, markets are anticipating a 94.1% likelihood of an interest rate cut in October and a 99% likelihood of an interest rate cut in December. However, weak consumer confidence, fears of rising inflation levels and persi ...