S&P 500 notches first record high in two years in tech-driven run
Wall Street ended the week with stocks at all-time highs, bolstered by investor expectations of Federal Reserve interest rates cuts.
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Wall Street ended the week with stocks at all-time highs, bolstered by investor expectations of Federal Reserve interest rates cuts.
Wall Street ended 2023 on a high note, and a group of companies known as the "Magnificent Seven" dominated. David Kass, professor of finance at the University of Maryland, joins CBS News to discuss if the outsized success of so few companies poses a risk to the economy.
Stocks jump after Federal Reserve officials signal they're ready to push down borrowing costs as inflation continues to cool.
Signs that inflation is continuing to cool helped propel Wall Street to its strongest month in more than a year.
The Dow Jones, the S&P 500 and the Nasdaq closed in the green Friday, as investors reacted to negotiators making progress in the debt ceiling standoff. Javier David, Axios managing editor for business and markets, and J.D. Durkin, host of TheStreet, joined CBS to explain what the numbers mean for investors and the economy.
Stocks closed higher Tuesday as Federal Reserve officials begin meeting to discuss inflation and potential interest rate hikes. Advisors Capital Management portfolio manager JoAnne Feeney joins CBS News to break down what upcoming changes could mean for investors.
The index giant also said it is stripping Russia of its "emerging market" designation given the "deterioration" in its markets.
Stock markets got a shot in the arm after promising news of a vaccine and election results were announced. CBS News business analyst Jill Schlesinger explains the factors behind the market surge.
Asian shares plunge and Dow and S&P futures tumble as markets' wild ride continues
Investors are cheered by strong earnings reports as well as signals that the economy remains strong
The credit agency downgraded the country's sovereign debt to "selective default," which means it decided to skip a bond payment
While warning that politics could alter the equation, a credit ratings agency says 2017's price hikes are a "one-time" issue
S&P lowered oil giant's rating one notch to "AA+" because of slumping oil prices and the large dividend the company pays
Saying Abenomics isn't likely to result in a needed economic revival, S&P dropped the country's rating to A+ from AA-