Tag: Dow Jones

Thursday, June 14th 2018 - 08:13 UTC
Fed raises basic rate to 2%; anticipates further increases amid strong economic growth

The US Federal Reserve raised the benchmark lending rate on Wednesday, the second increase of the year, and signaled it will be more aggressive about rate increases this year and next amid “strong” economic growth. The unanimous vote brings the federal funds rate to a range of 1.75 to 2%, but the quarterly economic forecasts show central bankers now expect the rate to end the year at 2.4% rather than the 2.1% projected in March.
Tuesday, March 27th 2018 - 09:42 UTC
The World's Biggest Investors Have Lost $436 Billion In 2018

Wall Street is shocked, but it shouldn't be: Tariffs targeting China should have been a given, and now the market's tanking on trade war fears as if it just crept up on everyone, but Trump's been very clear on this.
Friday, February 9th 2018 - 09:56 UTC
As Dow Jones plunges 10% points, fears of a bear market and ripples effects on the economy

The United States Dow Jones industrial average nosedived more than 1,000 points on Thursday, registering another eye-popping loss for the closely-followed index, as wild trading and fears of rising interest rates around the world took hold of traders. The Dow as well as the S&P 500, a broader stock index, are now down more than 10% from their all-time highs, passing an important psychological barrier known as a “correction” for the first time in two years.
Wednesday, February 7th 2018 - 08:44 UTC
Algorithmic trading accelerated Black Monday markets plunge, speculate analysts

Robot trading has accelerated this week's market dive and may have sparked the sell-off, experts say. Financial firms use computers programmed with complex sets of instructions known as algorithms, which identify trading opportunities and then strike faster than any human could.
Saturday, February 3rd 2018 - 10:53 UTC
US markets suffer their steepest decline since June 2016. Dow Jones fell 2.5%

The blue chip Dow Jones Industrial Average suffered its steepest decline since June 2016 on Friday, amid wider losses in United States markets. The fall came after a string of disappointing earnings reports from giants such as Apple.
Thursday, December 14th 2017 - 13:54 UTC
Federal Reserve increases interest rate by a quarter of a point

The US Federal Reserve has increased interest rates by a quarter of a percentage point - the third rate hike this year. It comes as Fed chair Janet Yellen prepares to leave the role
after Donald Trump decided to replace her.
Thursday, August 3rd 2017 - 15:38 UTC
Wall Street breaks the 22.000 mark for the first time

Asian markets paused for breath Thursday after Wall Street smashed through 22,000 for the first time, with regional traders focused on fresh clues on the health of the US economy. Strong Apple earnings propelled the Dow above the barrier to mark its sixth straight record close — but the tech-heavy Nasdaq closed marginally lower.
Saturday, August 22nd 2015 - 08:16 UTC
World markets plunge on fears of a China-led global slowdown

The S&P 500 suffered its biggest daily percentage drop in nearly four years and the Dow confirmed it had entered into correction territory as fears of a China-led global slowdown rattled investors around the world.
Friday, September 13th 2013 - 02:26 UTC
Dow Jones industrial average revamped: Alcoa, BofA out, Nike, Visa, Goldman Sachs

The Dow Jones industrial average, one of the world's best known measures of stock market performance, is having a revamp. Alcoa, Bank of America and Hewlett-Packard are being dropped from the index of the top 30 US companies. From 23 September they will be replaced by Goldman Sachs, Nike and Visa.