Dow ends higher while Nasdaq, S&P 500 each post worst day since Dec. 18
U.S. stocks ended mostly lower on Monday, as attention...
U.S. stocks ended mostly lower on Monday, as attention on Chinese startup DeepSeek raised the prospect of cheaper AI development, sparking a tech selloff.
The Dow Jones Industrial Average rose 289.33 points, or 0.7%, to end at 44,713.58, according to Dow Jones Market Data.
The S&P 500 declined 88.96 points, or 1.5%, to finish at 6,012.28, for a back-to-back loss. The index saw its largest one-day point and percentage decline since Jan. 10.
The Nasdaq Composite fell 612.47 points, or 3.1%, to close at 19,341.83, for a back-to-back loss. The index recorded its largest one-day point and percentage decline since Dec. 18, 2024.
The Dow outperformed the Nasdaq Composite by 3.7%, the largest outperformance since Nov. 9, 2020, when the margin was 4.5%.
President Donald Trump has pledged to ensure reliable liquefied natural...
President Donald Trump has pledged to ensure reliable liquefied natural gas supplies to Europe and brushed off concerns about potential hikes in domestic gas prices. However, ExxonMobil Europe President Philippe Ducom cautioned that Europe's reluctance to sign long-term contracts and limited US LNG capacity until 2026 may jeopardize supply security and exacerbate energy costs for vulnerable industries.
Trump urges Egypt and Jordan to take in Palestinians from Gaza
On Saturday, President Trump said he’ll ...
On Saturday, President Trump said he’ll encourage the two US allies to receive Palestinian refugees from the devastated enclave, which he described as a “demolition site,” and that the goal would be to “just clean out that whole thing.” Egypt and Jordan—as well as Palestinians themselves—have forcefully rejected that proposal. Meanwhile, Israeli Prime Minister Benjamin Netanyahu announced that an agreement had been reached for the release of six Israeli hostages this week, resolving a weekend dispute that led Israel to prevent Palestinians from returning to their homes in northern Gaza. They’ll be able to move back starting today.
On Wednesday, the Federal Reserve will wrap up its first policy meeting...
On Wednesday, the Federal Reserve will wrap up its first policy meeting of the year and its first for Trump’s second term as president. The actual interest rate announcement won’t set off fireworks—the Fed is pretty much guaranteed to hold rates steady—but Chair Jerome Powell’s press conference should be must-see TV. Investors will be glued to his comments on the possibility of future rate cuts this year and his response to Trump saying he’ll “demand that interest rates drop immediately” to the Davos crowd last week.
A lot of earnings are on tap: This week, more than...
A lot of earnings are on tap: This week, more than 100 S&P 500 stocks will drop their quarterly financials, including tech giants Meta, Microsoft, Apple, and Tesla. Tech stocks have outpaced the broader market during the early days of Trump’s presidency, but they could confirm Wall Street fears that growth is slowing. Anticipation will also be high for Starbucks’s report to learn how its turnaround is progressing under new CEO Brian Niccol—especially given the news he’s already been awarded $96 million in compensation for the new gig.
An inch of rain will fall on Los Angeles in the coming days, which may cause toxic ash runoff. As of Sunday, the Eaton Fire was 95% contained and the Palisades Fire, 87%.
President Trump fired at least 15 inspectors general Friday night in a move that may be illegal.
Kia is recalling more than 80,000 Niros over seat belt and airbag issues.
Elon Muskspoke via live video at a German far-right campaign event, saying it was time for Germans to “move on” from “past guilt.”
Madison Keys of the US defeated Aryna Sabalenka to become the second-oldest woman to win the Australian Open. She’s 29. Jannik Sinner took home the title on the men’s side for the second year in a row.
