THE TRUTH ABOUT: 8 | History Defined

Stocks Post Moderate Losses on Global Economic Concerns

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Wednesday closed down -0.61%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.41%, and the Nasdaq 100 Index ($IU XX) (QQQ ) closed down -0.70%. Stock indexes Wednesday posted moderate losses. Global economic concerns...

Barchart · May 31, 2023

Dollar Gains on Yuan Weakness and a Slide in Stocks

The dollar index (DXY00 ) on Wednesday rose +0.14% and posted a 2-1/2 month high. The dollar saw support Wednesday as weakness in stocks boosted the liquidity demand for the dollar. However, dovish comments from Fed Governor Jefferson and Philadelphia Fed President Harker tempered the dollar’s rally when they signaled...

Barchart · May 31, 2023

Stocks Settle Higher on Signs of Progress in Debt Ceiling Talks

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Thursday closed up +0.94%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.34%, and the Nasdaq 100 Index ($IU XX) (QQQ ) closed up +1.81%. Stock indexes Thursday extended this week’s rally, with the...

Barchart · May 18, 2023

Dollar Falls Back on Soft U.S. Economic News

The dollar index (DXY00 ) on Thursday fell by -0.09% on weaker-than-expected U.S. Philadelphia Fed, existing home sales, and leading indicators reports. Also, signs of weakness in the U.S. labor market undercut the dollar when weekly initial unemployment claims rose more than expected. However, the dollar recovered most of its...

Barchart · Apr 20, 2023

Stocks Fall on Tech Stocks and Weak U.S. Economic Reports

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -0.48%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.40%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.31%. U.S. stock indexes this morning are moderately lower. Weakness...

Barchart · Apr 20, 2023

Shrinking availability of ‘small-dollar’ mortgages hurts low-income home buyers

In Philadelphia, about a third of owner-occupied homes were valued at less than $125,000 in 2021. But that year, only about 2% of mortgages made in the city were the type generally used to purchase properties in this segment of the market, according to an analysis by the Federal Reserve…

The Philadelphia Inquirer · Dec 19, 2022

US Stock Futures Mostly Lower Ahead Of Economic Reports, Fed Speakers; Tesla Shares Drop Following Q3 Results

Pre-open movers U.S. stock futures traded mostly lower in early pre-market trade on Thursday after closing lower in the previous session. The Dow Jones dropped by 100 points on Wednesday, ending a two-session winning streak.

Benzinga · Oct 20, 2022

Economic Data Scheduled For Thursday

Data on initial jobless claims for the latest week will be released at 8:30 a.m. ET. Analysts expect jobless claims declining to 197,000 for the May 14 week from 203,000 in the previous week. The Philadelphia Fed manufacturing index for May is scheduled for release at 8:30 a.m. ET. The…

Benzinga · May 19, 2022

Economic Data Scheduled For Wednesday

The MBA's index of mortgage application activity for the latest week is scheduled for release at 7:00 a.m. ET. The Energy Information Administration’s weekly report on petroleum inventories in the U.S. will be released at 10:30 a.m. ET. Philadelphia Fed President Patrick Harker is set to speak at 9:30 a.m.…

Benzinga · Apr 6, 2022