Dow, S&P 500 end lower after Powell says Fed is not trying to provoke a recession

US stock indexes closed lower in choppy trade Wednesday, after Federal Reserve Chairman Jerome Powell reiterated his commitment to combat inflation through higher interest rates, but said a recession could not be ruled out. President Joe Biden also called on a temporary gas-tax holiday and for ramped up US refinery activity to help offset high … Read more

Intel Corp. stock falls Wednesday, underperforms market

Shares of Intel Corp. INTC, -0.93% slid 0.93% to $ 37.38 Wednesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index SPX, -0.13% falling 0.13% to 3,759.89 and Dow Jones Industrial Average DJIA, -0.15% falling 0.15% to 30,483.13. Intel Corp. closed $ 20.45 below its … Read more

Las Vegas Sands Corp. stock falls Wednesday, underperforms market

Shares of Las Vegas Sands Corp. LVS, -0.35% sank 0.35% to $ 31.60 Wednesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index SPX, -0.13% falling 0.13% to 3,759.89 and Dow Jones Industrial Average DJIA, -0.15% falling 0.15% to 30,483.13. The stock’s fall snapped a … Read more

Freeport-McMoRan Inc. stock falls Wednesday, underperforms market

Shares of Freeport-McMoRan Inc. FCX, -7.96% slid 7.96% to $ 31.32 Wednesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index SPX, -0.13% falling 0.13% to 3,759.89 and Dow Jones Industrial Average DJIA, -0.15% falling 0.15% to 30,483.13. Freeport-McMoRan Inc. closed $ 20.67 below its … Read more

The S&P 500 could slide another 33% in a ’70s-style inflation environment: Société Générale

The bear market in stocks probably isn’t over – and could have much longer to run if the economy falls into a 1970s-style stagflation scenario, a Wall Street equities strategist warned this week. The S&P 500 officially entered a bear market last week, falling more than 20% from its Jan. 3 record finish. The US … Read more

Berkshire Hathaway Inc. Cl B stock falls Wednesday, underperforms market

Shares of Berkshire Hathaway Inc. Cl B BRK.B, -0.73% dropped 0.73% to $ 269.79 Wednesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index SPX, -0.13% falling 0.13% to 3,759.89 and Dow Jones Industrial Average DJIA, -0.15% falling 0.15% to 30,483.13. Berkshire Hathaway Inc. Cl … Read more

Cboe Global Markets Inc. stock falls Wednesday, underperforms market

Shares of Cboe Global Markets Inc. CBOE, -0.28% sank 0.28% to $ 109.38 Wednesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index SPX, -0.13% falling 0.13% to 3,759.89 and Dow Jones Industrial Average DJIA, -0.15% falling 0.15% to 30,483.13. The stock’s fall snapped a … Read more

F5 Inc. stock falls Wednesday, underperforms market

Shares of F5 Inc. FFIV, -0.29% slipped 0.29% to $ 152.39 Wednesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index SPX, -0.13% falling 0.13% to 3,759.89 and Dow Jones Industrial Average DJIA, -0.15% falling 0.15% to 30,483.13. The stock’s fall snapped a two-day winning … Read more

Fed Paper Finds Elevated Probability of Recession

The US economy faces elevated risks of a recession over the next one to two years due to rising imbalances in markets for goods and services, including labor, according to a new research paper from a Federal Reserve economist. The paper finds slightly more than a 50% chance of a recession over the next four … Read more