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Wall Street recovers from Friday’s shock as U.S. stocks rise and oil prices ease

NEW YORK (AP) — Calm returned to Wall Street on Monday, and U.S. stocks rose, while oil prices gave back some of their initial spurts following Israel’s attack on Iranian nuclear and military targets at the end of last week. The S&P 500 climbed 0.9% to reclaim most of its drop from Friday. The Dow Jones Industrial Average rose 317 points, or 0.8%, and the Nasdaq composite gained 1.5%. They joined a worldwide climb for stock prices, stretching from Asia to Europe. Israel and Iran are continuing to attack each other, and a fear remains that a wider war could constrict the flow of ...

Senate expected to drop tax, Medicaid edits to drop one ‘big, beautiful bill’

(The Center Square) —Senate Republicans are expected to reveal some of their revisions to the tax and Medicaid portions of the One Big Beautiful Bill Act, inching closer to a nail-biter floor vote. The House-passed multitrillion-dollar budget reconciliation bill extends key portions of the expiring 2017 Tax Cuts and Jobs Act for the next 10 years. It also raises the debt ceiling by at least $4 trillion, finds $1.7 trillion in savings, and fulfills President Donald Trump’s energy, border security and defense agenda. The Senate Finance Committee’s expected changes to the bill ...

Wall Street ticks closer to its record after Oracle rallies

NEW YORK (AP) — U.S. stock indexes ticked higher on Thursday following another encouraging update on inflation across the country. The S&P 500 rose 0.4% to pull back with 1.6% of its record. The Dow Jones Industrial Average added 101 points, or 0.2%, and the Nasdaq composite gained 0.2%. Oracle pushed upward on the market after jumping 13.3%. The tech giant delivered stronger profit and revenue for the latest quarter than analysts expected, and CEO Safra Catz said it expects revenue growth “will be dramatically higher” in its upcoming fiscal year. That helped offset a 4.8% ...

Wall Street’s rally stalls as U.S. stocks dip for their 1st loss in 4 days

NEW YORK (AP) — Wall Street’s rally stalled on Wednesday after U.S. stocks climbed back within 2% of their all-time high. The S&P 500 fell 0.3% for its first loss in four days. The Dow Jones Industrial Average was virtually unchanged after edging down by 1 point, and the Nasdaq composite slipped 0.5%. Several Big Tech stocks led the way lower, and a 1.9% drop for Apple was the heaviest weight on the market. It’s been listless this week after unveiling several modest upcoming changes to the software that runs its devices. The action was stronger in the bond market, where ...

U.S. stocks drift closer to their record as Wall Street waits to see what U.S.-China talks will bear

NEW YORK (AP) — U.S. stocks drifted closer to their all-time high on Tuesday as the wait continued to hear what will come of trade talks between the United States and China. The S&P 500 rose 0.5% as talks between the world’s two largest economies carried into a second day. The Dow Jones Industrial Average added 105 points, or 0.2%, and the Nasdaq composite gained 0.6%. Stocks have roared higher since dropping roughly 20% below their record two months ago, when President Donald Trump shocked financial markets with his announcement of tariffs that were so stiff that they raised ...

U.S. stocks drift and Chinese markets rise as trade talks start

NEW YORK (AP) — U.S. stocks drifted through a quiet Monday as the world’s two largest economies began talks on trade that could help avoid a recession. The S&P 500 edged up by 0.1% and is within 2.3% of its record, which was set in February. The Dow Jones Industrial Average slipped by 1 point, which is well below 0.1%, and the Nasdaq composite added 0.3%. Officials from the United States and China met in London to talk about a range of different disputes that are separating them. The hope is that they can eventually reach a deal that will lower each’s punishing level of tariffs ...