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Wall Street ticks to records after shaking off worries about Trump’s feud with the Fed

NEW YORK (AP) — Wall Street ticked to more records Monday after bouncing back from losses taken because of worries about the worsening feud between the White House and the Federal Reserve, one that experts warn could lead to higher inflation in the future. The S&P 500 tacked 0.2% onto its prior all-time high set on Friday. The Dow Jones Industrial Average recovered an early loss of nearly 500 points and added 86, or 0.2%, to its own record, while the Nasdaq composite gained 0.3%. Some nervousness was still evident in the market, though, amid concern that the Fed may be on the path ...

Most of Wall Street drifts as defense companies rally

NEW YORK (AP) — Modest moves for Wall Street overall masked some big swings underneath the surface on Thursday, including for makers of weapons and other military equipment after President Donald Trump said he wants to increase spending on them sharply. The S&P 500 barely budged and inched up by less than 0.1%, coming off its first loss in four days. It remains near its all-time high set earlier this week. The Dow Jones Industrial Average rose 270 points, or 0.6%, and the Nasdaq composite fell 0.4%. The majority of stocks climbed as yields ticked higher in the bond market following ...

Trump’s proposed $1.5T defense budget sends military contractor shares higher

(AP) — President Donald Trump caused some commotion for investors in U.S. defense contractors this week. First, Trump criticized the companies for taking too long to produce military equipment and also failing to maintain it while at the same time paying out billions in dividends and stock buybacks to investors. But then the president proposed a $1.5 trillion defense budget for 2027, a big jump from the $901 billion provisioned for 2026. Shares of Lockheed Martin, General Dynamics, Northrop Grumman and Raytheon parent RTX fell after the criticism but then roared back at the prospect ...

Wall Street’s strong start to the year slows

NEW YORK (AP) — Wall Street’s strong start to the year slowed on Wednesday. The S&P 500 slipped 0.3% from its latest all-time high for its first loss in four days. The Dow Jones Industrial Average dropped 466 points, or 0.9%, from its own record set the day before, while the Nasdaq ...

Wall Street reaches more all-time highs with more gains by Big Tech

NEW YORK (AP) — Stocks rose on Wall Street Tuesday afternoon and approached more all-time highs. The S&P 500 added 0.6% and is hovering around the record it set in late December. The Dow Jones Industrial Average rose 482 points, or 1%, after setting a record on Monday. The Nasdaq composite ...

Record $9.6M fine for Third Coast after substantial oil spill in the Gulf of Mexico

(AP) — Pipeline safety regulators on Monday assessed their largest fine ever against the company responsible for leaking 1.1 million gallons of oil into the Gulf off the coast of Louisiana in 2023. But the $9.6 million fine isn’t likely to be a major burden for Third Coast to pay. This single fine is close to the normal total of $8 million to $10 million in all fines that the Pipeline and Hazardous Materials Safety Administration hands out each year. But Third Coast has a stake in some 1,900 miles of pipelines, and in September, the Houston-based company announced that it had ...