U.S. stocks closed lower Friday as investors digested strong big bank earnings, weak retail sales, and hawkish comments from a Federal Reserve official, but all three major benchmarks booked weekly gains. How did stocks trade? The Dow Jones Industrial Average DJIA, -0.42% shed 143.22 points, or 0.4%, to close at…
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A combination of hawkish remarks by a pair of Federal Reserve officials, solid bank earnings reports, and a rebounding consumer-sentiment reading on Friday are among the factors contributing to another abrupt readjustment in the financial market’s thinking about the path of interest rates. The sudden readjustment dented the popular view…
Earlier this week, the internet was abuzz about a new type of home loan: a 40-year mortgage. Google searches for “40-year mortgage rates” spiked 450% — and searches for “FHA 40-year mortgage 2023″ jumped more than 2,650%. But the excitement was misplaced, because there is in fact no new 40-year…
The San Francisco Police Department on Thursday arrested Nima Momeni, 38, of Emeryville, Calif., for allegedly stabbing to death tech executive Bob Lee. Mission Local, an independent local news site, first reported the arrest. City officials held a press conference Thursday afternoon, saying that the arrest occurred earlier in Emeryville,…
The ingredients are in place for an explosive U.S. stock-market rally, but there’s still room for doubt about whether the bears have been vanquished, a closely followed Wall Street technical analyst argued Thursday. The S&P 500 index SPX, +1.33% is headed toward a pair of important resistance levels on the…
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The U.S. corporate earnings reporting season begins this week with a flurry of major U.S. banks set to report their first quarterly performance since the collapse of Silicon Valley Bank (SVB) and Signature Bank last month. JPMorgan Chase, Wells Fargo, Citi and BlackRock will be among the large financial institutions…
Perhaps we won’t have to say farewell to “The Phantom of the Opera” for long. Andrew Lloyd Webber, the composer behind Broadway’s longest-running show, told MarketWatch that he expects the musical will return at some point after it ends its 35-year run on April 16. “The Phantom sends me notes…
U.S. stocks finished sharply higher on Thursday, led by technology stocks, as traders parsed another batch of inflation data showing pressures easing in March, while the first reports from what’s expected to be a gloomy first quarter earnings season arrived, with several marquee releases due on Friday morning. The S&P…