The New York Stock Exchange (NYSE) closed Tuesday with modest gains, while the Nasdaq index finished at a new record-high closing level. The Dow Jones Industrial Average gained 68.61 points, or 0.20%, to close at 33,945.58 points. The S&P 500 rose by 21.65 points, or 0.51%, and finished at 4,246.44. …
Read More »Blend Labs Files for $100 M IPO
Blend Labs has filed for an initial public offering (IPO) as it plans to sell $100 million worth of shares to publicly trade on the New York Stock Exchange (NYSE). The digital platform focuses on mortgage lending and other fintech services. The newcomer to Wall Street recorded a 90% rise …
Read More »NYSE Closes Monday with Large Gains
The New York Stock Exchange (NYSE) closed higher on Monday, registering large gains in the first session of the week to recover some of the large losses it saw last week following the Fed’s policy statement, which indicated a hawkish change in tone. The Dow Jones Industrial Average gained 586.89 …
Read More »Wall Street Rebounds After Falling Due to The Fed
Wall Street’s main indexes opened higher on Monday, as financial and energy stocks rebounded after hawkish comments from the Federal Reserve last week pushed the Dow and Standard & Poor’s 500 indexes to their biggest weekly losses in months. The Dow Jones Industrial Average rose 21.99 points, or 0.07%, to …
Read More »Wall Street Record Weekly Losses on Fed’s Hawkish Tone
The main indices of the New York Stock Exchange (NYSE) closed lower on Friday, amid concerns about the hawkish tone by the Federal Reserve, with Wall Street worrying about raising interest rated sooner than expected. The Dow Jones Industrial Average declined by 533.37 points, or 1.58%, and closed at 33,290 …
Read More »Wall Street Closes Mixed as Nasdaq Finishes Higher
The New York Stock Exchange (NYSE) showed a mixed performance on Thursday, with Wall Street investors reacting to the recent changes indicated in the U.S. Federal Reserve policy statement, from raising inflation forecasts to expecting two rate hikes in 2023. The Fed maintained the current main interest rate near 0% …
Read More »NYSE Closes Lower Following Fed’s Statement
The New York Stock Exchange (NYSE) closed lower on Wednesday after the Federal Reserve pointed to its expectation that interest rates will be raised earlier than previously expected with two rate hikes in 2023. The Dow Jones Industrial Average fell by about 266 points, or 0.77%, to close at 34,033.7 …
Read More »Wall Street Closes Lower Ahead of Fed’s Statement
The New York Stock Exchange (NYSE) closed lower on Tuesday, with Wall Street investors shifting their focus towards the Federal Reserve meeting, which is concluding on Wednesday. The Dow Jones Industrial Average closed lower by 94.42 points, or 0.27%, at 34,299.33 points. Meanwhile, the S&P 500 declined by around 8.56 …
Read More »Wall Street Closes Higher Ahead of Fed Meeting
The main indices of the New York Stock Exchange (NYSE) closed mostly higher on Monday, with Wall Street investors anticipating the outcomes of the next Federal Reserve policy meeting. The S&P 500 and Nasdaq Composite indices closed at new record highs, with the latter rising for the sixth time in …
Read More »Wall Street Closes Higher with S&P 500 Hitting New Record High
The main indices of the New York Stock Exchange (NYSE) finished higher on Friday, with Wall Street investors showing little concern over the recent surge in inflation, as it is likely to be temporary. The Dow Jones Industrial Average closed at 34,479.60 points, rising by 13.36 points, or 0.04%, failing …
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