Stock Market Today: Dow Dives 764 Points as Recession Fears Ramp Up

 It was an ugly day for stocks as the major market indexes extended yesterday’s Fed-induced slump into a second straight day.  Today’s selling was sparked by the latest batch of economic data, which exacerbated recession fears across Wall Street. Retail sales and manufacturing data released early Thursday showed that the Federal Reserve’s aggressive campaign of… Continue reading Stock Market Today: Dow Dives 764 Points as Recession Fears Ramp Up

Federal Reserve Hikes Interest Rates Again: What the Experts Are Saying

The Federal Reserve raised short-term interest rates by 50 basis points, or 0.5%, when it wrapped up its final policy meeting of the year on Wednesday.  The federal funds rate now stands at a targeted range of between 4.25% and 4.5%, or the highest level in 15 years.  The half-percentage-point hike in the overnight borrowing… Continue reading Federal Reserve Hikes Interest Rates Again: What the Experts Are Saying

Stock Market Today: Stocks Swing Wildly After Latest Fed Rate Hike

Stocks traded modestly higher ahead of this afternoon’s policy decision from the Federal Reserve. Prior to the announcement, individual stock news held investors’ attention, with Delta Air Lines (DAL (opens in new tab)) rising 2.8% after the air carrier said it expects adjusted earnings per share to double and revenue to soar 20% in fiscal… Continue reading Stock Market Today: Stocks Swing Wildly After Latest Fed Rate Hike

Federal Reserve Hikes Interest Rates Again

The Federal Reserve raised short-term interest rates by 50 basis points, or 0.5%, when it wrapped up its final policy meeting of the year on Wednesday.  The federal funds rate now stands at a targeted range of between 4.25% and 4.5%, or the highest level in 15 years.  The half-percentage-point hike in the overnight borrowing… Continue reading Federal Reserve Hikes Interest Rates Again

Stock Market Today: Inflation Enthusiasm Fades, But Stocks Still End Higher

 Stocks skyrocketed out of the gate Tuesday after the latest economic data showed inflation continued to ease in November.  Specifically, the Labor Department this morning said its consumer price index (opens in new tab) not only grew at a slower pace than what economists were expecting, but also moderated from the growth seen in October.… Continue reading Stock Market Today: Inflation Enthusiasm Fades, But Stocks Still End Higher