Friday's big stock stories: What's likely to move the market in the next trading session
On Thursday, the S&P 500 closed above 5,700 for the first time, while the Dow jumped above the 42,000 level. Here's what CNBC is watching going into Friday.
Dow, S&P 500 close at record highs after Federal Reserve’s supersized rate cut
Stocks jumped Thursday as investors cheered the Federal Reserve’s eye-popping half-point interest rate cut. The Dow rose 633 points, or 1.5%, on Thursday afternoon to pass 42,000. The S&P 500 gained 2%,
Trump Decries Fed Rate Cut as ‘Political Move’ That Won’t Work
Republican presidential candidate Donald Trump said the Federal Reserve’s decision to lower its benchmark interest rate by a half percentage point was a “political move” and that a smaller cut would have been preferable.
Stock Market Today: Dow finishes above 42,000 for first time in history after Fed's big rate cut
Up, up, up. That's the path of stocks on Thursday after the Federal Reserve took its first stab at bringing interest rates down, down, down. Here are where the major indexes stood with less than half an hour of trading left: The Dow Jones Industrial Average was up 525 points,
Stocks jump following larger-than-expected Fed rate cut — but labor market concerns linger
Stocks surged to open Thursday trading in the wake of the Federal Reserve’s announcement that it was lowering interest rates by half a percentage point.
Stock Traders ‘Sell the News’ After Fed Goes Big: Markets Wrap
Stock Market Today: Dow tops 42,000, pushes deeper into record territory after Fed's big rate cut
Surging U.S. index futures have sparked rallies across many bourses. In Asia, the Nikkei 225 jumped 2.1% and Hong Kong's Hang Seng added 2%, while in Europe the FTSE 100 is up 1.2%, helped by its big bevy of global-growth-sensitive commodity plays.
Dollar rebounds after Fed goes big on rate cut
The U.S. dollar rose broadly on Thursday, recovering from an earlier tumble in the immediate aftermath of the Federal Reserve's outsized interest rate cut that had been largely priced in by markets.
The Dow closed above 42,000 for the first time after the Fed's big interest rate cut
The Dow Jones Industrial Average (SPGI) jumped 522 points Thursday and closed at a new record high, as the Federal Reserve’s decision to slash interest rates by 50 basis points gave fuel to markets.
Analysis-Global refiners face profit slump as new plants come online
By Ahmad Ghaddar, Trixie Yap and Shariq Khan LONDON/SINGAPORE/NEW YORK (Reuters) - Oil refiners in Asia, Europe and the ...
Britain's ultra-wealthy are threatening to exit en masse ahead of proposed tax changes
Labour's plans to axe the U.K.'s non-dom tax regime could spark an ultra wealthy exodus, advisers and research bodies have ...
Social Security Update: Lawmakers May Force Vote to Raise Benefits for Some
The Social Security Fairness Act was proposed to reverse the rules surrounding the Windfall Elimination Provision (WEP) and ...
Analysis-Global investors brace for turmoil as big Fed cut sows confusion
Big global investors are on alert for wild market swings after a jumbo U.S. rate cut sparked confusion over whether the world ...
Bank of Japan keeps benchmark interest rate steady as it treads cautiously on normalizing policy
The decision came as the central bank seeks to wean its economy off the long-held ultra-easy monetary policy and curb the yen ...
23andMe directors resign as the CEO of the genetic-testing company seeks to take it private
All of 23andMe's independent directors resigned from its board this week, a rare move that marks the latest challenge for the ...
Truth Social's biggest investors can now dump their stock — and trigger a fire sale
Trump Media's lockup period ends soon, allowing Donald Trump to sell his shares if he chooses. He'd potentially earn billions ...
Nike to Replace CEO Donahoe With Longtime Company Veteran
Nike Inc. ousted beleaguered chief executive John Donahoe, bringing longtime executive Elliott Hill out of retirement to ...
Anti-money laundering watchdog calls on India to speed up prosecutions
The global anti-money laundering watchdog, the financial Action Task Force (FATF) urged India on Thursday to speed up its ...
Nike's new CEO can't rest on retro styles and must innovate to turn the company around, analyst says
Nike is naming Elliott Hill, a company veteran of more than 30 years, as its new CEO.In the past few years, Nike relied too ...