Stock market today: Wall Street wraps its miserable September with another weak finish

NEW YORK (AP) — Wall Street closed out its worst month and quarter of the year with more losses on Friday. The S&P 500 slipped 0.3% after a gain from the morning withered, and the majority of stocks within the index sank. The Dow Jones Industrial Average fell 158 points, or...

Higher gas prices lift Fed's preferred inflation gauge but underlying price pressures remain mild

WASHINGTON (AP) — An inflation gauge closely tracked by the Federal Reserve rose in August, boosted mainly by higher gas prices. But measures of underlying inflation slowed in the latest sign that overall price pressures are still moderating. Friday's report from the Commerce...

Federal Reserve's preferred inflation gauge shows a slight rise in latest sign of moderating price increases

Stock market today: Asian shares mixed, with most regional markets closed after Wall St ticks higher

BANGKOK (AP) — Asian markets were mixed on Friday, with only a few open due to public holidays across the region. U.S. futures and oil prices edged higher. Tokyo's Nikkei 225 index was down 0.3% at 31,764.01. In Bangkok, the SET declined 0.5%. Australia's...

The average long-term US mortgage rate reaches highest point in nearly 23 years, hitting 7.31%

LOS ANGELES (AP) — Home loan borrowing costs climbed again this week, pushing the average long-term U.S. mortgage rate to its highest level in nearly 23 years, another blow to prospective homebuyers facing an increasingly unaffordable housing market. The average rate on the...

US government estimates economy grew last quarter at a 2.1% rate, unchanged from previous projection

WASHINGTON (AP) — The U.S. economy grew at a 2.1% annual pace from April through June, extending its sturdy performance in the face of higher interest rates, the government said Thursday, leaving its previous estimate unchanged. The second-quarter expansion of the nation's gross...

Slightly fewer number of Americans apply for jobless benefits as layoffs remain rare

U.S. applications for unemployment benefits inched up modestly this week after reaching their lowest level in eight months the previous week, as the labor market continues to defy the Federal Reserve's interest rate hikes meant to cool it. Filings for jobless claims rose by 2,000 to...

Stock market today: Wall Street yo-yos to a mixed close as oil and bond markets raise the pressure

NEW YORK (AP) — Wall Street yo-yoed to a mixed finish Wednesday after rising oil prices and bond yields cranked up the pressure even higher on the stock market. After taking several U-turns through the day, the S&P 500 inched up by 0.98, or less than 0.1%, to 4,274.51 and...

Stock market today: Asian shares mostly lower after Wall Street retreat deepens

TOKYO (AP) — Shares in Asia were mostly lower on Wednesday after Wall Street’s ugly September got even worse, with benchmarks dropping back to where they were in June. Tokyo's Nikkei 225 lost 0.4% to 32,192.94. In Hong Kong, the Hang Seng advanced 0.7% to 17,585.27. The Shanghai...

US consumer confidence tumbles in September as American anxiety about the future grows

WASHINGTON (AP) — The confidence of American consumers slipped this month, particularly about the future, as expectations persist that interest rates will remain elevated for an extended period. The Conference Board, a business research group, said Tuesday that its consumer...