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Search resuls for: "Pia Singh Is An Associate Reporter Covering Markets"


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☆ Stocks close higher, clawing back much of the week's losses in major recovery from Monday's sell-off
  + stars: | 2024-08-09 | by ( Hakyung Kim | Pia Singh | Pia Singh Is An Associate Reporter Covering Markets | ) www.nbcnews.com   time to read: +3 min
The S&P 500 advanced 0.47% to finish at 5,344.16. This week marked the most volatile week of 2024 for the market. The Dow on Monday tumbled 1,000 points, while the S&P 500 lost 3% for its worst day since 2022. At the Monday lows, the S&P 500 was down nearly 10% from its recent all-time high. It is not just equity markets that have had a volatile week.
Persons: Stocks, Spencer Platt, Jay Hatfield, ” Hatfield Organizations: Nasdaq, Dow Jones, Dow, Federal Reserve, New York Stock Exchange, Wall, Treasury, Capital Locations: U.S, unwind, Hatfield, “
☆ Dow closes nearly 500 points lower Thursday as investors' recession fears awaken
  + stars: | 2024-08-01 | by ( Pia Singh | Samantha Subin | Pia Singh Is An Associate Reporter Covering Markets | ) www.nbcnews.com   time to read: +2 min
Stocks sold off Thursday, with the Dow Jones Industrial Average tumbling nearly 500 points, as investors’ fears over a recession surfaced. The 10-year Treasury yield broke below 4% for the first time since February in a sign that more investors were seeking safe-haven assets. That weak data comes a day after the Fed chose to keep rates at the highest levels in two decades. “The economic data keep rolling on in the direction of a downturn, if not recession, this morning,” said Chris Rupkey, chief economist at FWDBONDS, a financial market research company. The S&P 500 is still up about 14% for the year, coming off its eighth-positive month in the last nine in July.
Persons: Stocks, ’, Dow, Russell, Jerome Powell, ”, Chris Rupkey, JPMorgan Chase, Meta Organizations: Dow Jones, Nasdaq, Federal, Treasury, JPMorgan, Boeing, Meta, Nvidia Locations: U.S
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