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2 Federal Reserve officials oppose an interest rate cut in December

WASHINGTON (AP) — Two Federal Reserve officials expressed opposition Wednesday to another interest rate cut at the central bank’s next meeting in December, further muddying the outlook for the Fed’s next steps. The remarks by Susan Collins, president of the Federal Reserve Bank of Boston, and Raphael Bostic, president of the Atlanta Fed, suggest that the central bank’s rate-setting committee could be tilting against what had been an expected third straight cut next month. The officials cited several reasons for keeping rates unchanged, after a reduction in September and in ...

The Dow rallies 550 points to a record

NEW YORK (AP) — Most U.S. stocks rose on Tuesday and carried the market back to where it was before last week’s swoon. The S&P 500 added 0.2% after erasing a loss taken during the morning. It’s been bouncing around lately, coming off Monday’s vigorous rebound following its first losing week in four. The Dow Jones Industrial Average rallied 559 points, or 1.2%, to a record, surpassing its prior all-time high set two weeks ago. The Nasdaq composite lagged the market, though, as Nvidia got back to falling amid continued concerns that stocks caught up in the ...

Wall Street loses ground under the weight of falling technology stocks

NEW YORK (AP) — Wall Street lost ground Thursday as influential technology stocks fell and once again steered the broader market. The technology sector has been the driving force behind the market’s direction, whether up or down, all week. Thursday’s losses pushed nearly every major index solidly into weekly losses. If that momentum holds on Friday, it would break a three-week winning streak for the S&P 500, the Dow Jones Industrial Average and the Nasdaq composite. The S&P 500 fell 75.97 points, or 1.1%, to 6,720.32. The Dow fell 398.70 points, or 0.8%, to 46,912.30. The ...

Losses for Big Tech pull Wall Street lower

NEW YORK (AP) — Stocks fell in afternoon trading on Wall Street Tuesday, pulled down by losses in the same big tech companies that have been the main drivers of the market’s rally so far this year. The S&P 500 fell 1.2%. The Dow Jones Industrial Average fell 326 points, or 0.7%, as of ...

AI darlings prop up Wall Street as most other stocks fall

NEW YORK (AP) — More gains for Nvidia, Amazon and other AI superstars propped up Wall Street on Monday. The S&P 500 rose 0.2% and pulled closer to its all-time high set last week, even though the majority of stocks in the index sank. The Dow Jones Industrial Average dropped 226 points, or ...