The latest bull market for US stocks was on the brink of expiring Thursday afternoon, with the benchmark S&P 500 holding just shy of the threshold that marks bear territory. The S&P 500SPX, -0.91% was down 73 points, or 1.9%, at 3,860.88 in afternoon trade, after finishing Wednesday around 18% below its record close from […]
The numbers: The US posted a budget surplus of $308 billion in April — the largest on record — owing to a large increase in federal taxes and lower spending after the end of government stimulus. Based on current trends, the government could register a budget deficit of under $1 trillion in fiscal 2022 for […]
Stock and bond investors expecting a “watershed” moment in Wednesday’s inflation data were left disappointed, analysts and economists said, leaving open the debate over whether the market is close to putting in a bottom. The April consumer price index was certainly hotly anticipated, attracting the sort of pre-release scrutiny usually reserved for items like the […]
Stocks and crypto aren’t the only things getting walloped. Billions worth of bonds from Fortune 500 companies deemed nearly bulletproof from default also have been tagged in a yard sale for financial assets, as the Federal Reserve works to raise rates and cool inflation at the highest in four decades. The dollar price of the […]