Wall Street Lower On Economic Unease

Stock markets dived in early trading after two lesser-known barometers of the economy came in weaker than expected.

BING NEWS:
  • Editorial: Less than rosy economic numbers dog Biden
    On Thursday, the Commerce Department revealed that gross domestic product grew at a paltry 1.6% annual rate in the first three months of the year, down significantly from the end of 2023. Meanwhile, ...
    05/3/2024 - 8:00 pm | View Link
  • Apple's best trading day since 2022 leads Wall Street rally
    Apple shares rose 6 per cent on Friday, leading a technology rally on Wall Street to end an uneven trading week on a high note as investors responded to positive US economic data. The iPhone-maker's ...
    05/3/2024 - 7:09 pm | View Link
  • Why Wall Street is so happy to see the job market slowing down
    The April jobs report was weak, but stock traders are cheering because the slowing labor market could mean a rate cut sooner rather than later.
    05/3/2024 - 3:42 am | View Link
  • JPMorgan Unveils IndexGPT In Next Wall Street Bid To Tap AI Boom
    A year after a wave of speculation broke out over its application to trademark the word “IndexGPT” in connection to an unspecified artificial intelligence-powered tool, JPMorgan Chase & Co. is finally ...
    05/3/2024 - 3:02 am | View Link
  • Yellen argues that undercutting democracy threatens economic growth
    Treasury Secretary Janet Yellen will argue in a Friday speech that democracy is under threat and that undercutting it will, in turn, threaten economic growth.
    05/2/2024 - 10:59 pm | View Link
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