Dow plunges low to 2022 on fear of recession in global markets

BEIJING — Shares fell sharply worldwide on Friday on concerns that an already slowing global economy could slide into recession as central banks ramp up pressure with additional rate hikes. The Dow Jones Industrial Average fell 1.6%, closing at its lowest level since late 2020. The S&P500 fell 1.7%, close to the mid-June 2022 low, … Read more

Shares plunge after inflation remains higher than expected

NEW YORK — Stocks tumble and disappointment shakes markets around the world on Tuesday, after Wall Street realized inflation isn’t slowing down as much as hoped. the S&P 500 fell 2.3% in Tuesday’s early trading day, threatening to hit a four-day winning streak. Bond prices also fell sharply, pushing their yields higher after a report … Read more

Stocks open mixed on Wall Street after Labor Day holiday

NEW YORK — Shares open mixed on Wall Street as the market kicks off a week of short break with a muted start. the S&P500 was just in the green early Tuesday as the tech-heavy Nasdaq wavered between small gains and losses. The Dow Jones Industrial Average had also changed little. ADT rose 12% after … Read more

Futures up as Wall Street attempts a 3-day losing streak

NEW YORK — Wall Street pointed to small gains before the opening bell on Wednesday as markets tried to break a three-day sell-off, spurred by comments last week from Federal Reserve officials suggesting more rate hikes were likely. Futures for the benchmark S&P500 gained 0.4% and futures for the Dow Industrials were up 0.2% for … Read more

Ukraine and Russia agree to resume grain exports

ISTANBUL — Russian and Ukrainian officials on Friday stood ready to sign agreements designed to clear millions of tons of much-needed grain for export, ending a deadlock caused by the war in Ukraine that threatened food security around the world. The two countries would sign separate agreements with Turkey and the United Nations that would … Read more