Latest Financial markets News

How major US stock indexes fared Thursday

Mar. 21, 2019 5:15 PM EDT

Technology companies powered a broad rally for U.S. stocks Thursday, snapping the market's two-day losing streak. Retailers and industrial companies also notched solid gains, which offset losses in financial stocks. Levi Strauss soared 32 percent as the storied jeans maker went public for the second time. On...

S&P 500 ends 2-day losing streak as tech leads stocks higher

Mar. 21, 2019 5:13 PM EDT

Technology companies powered a broad rally for U.S. stocks Thursday, snapping the market's two-day losing streak. Apple and chipmakers led the wave of buying, helping to drive the technology sector to an overall gain of 2.5 percent. The sector is up 21.1 percent this year so far, well ahead of the S&P 500's...

Markets Right Now: Tech leads US stocks broadly higher

Mar. 21, 2019 4:08 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. The stock market closed broadly higher, led by gains in Apple and other big technology companies. Apple rose 3.7 percent Thursday. The company has made several product announcements this week and has an event...

European shares shaken by Brexit jitters after gains in Asia

Mar. 21, 2019 8:47 AM EDT

BANGKOK (AP) — Shares were mostly lower in Europe on Thursday and headed for a lower open on Wall Street amid Brexit uncertainties and after the Federal Reserve promised not to raise interest rates this year. Britain's FTSE 100 added 0.3 percent to 7,311, while the DAX in Germany lost 0.9 percent to...

Asian shares gain as Fed says it will hold off on rate hikes

Mar. 21, 2019 1:48 AM EDT

BANGKOK (AP) — Shares in Asia were mostly higher on Thursday after the Federal Reserve said it has ruled out interest rate increases for this year. The Shanghai Composite index advanced 0.6 percent to 3,109.48 while Hong Kong's Hang Seng gained 0.2 percent to 29,365.55. South Korea's Kospi climbed 0.3...

New Fed forecast for 2019: Slower growth and zero rate hikes

Mar. 21, 2019 12:11 AM EDT

WASHINGTON (AP) — The Federal Reserve sent a stark message Wednesday: The economy is slowing. And it won't be raising interest rates anytime soon. The Fed left its key short-term rate unchanged and projected no rate hikes this year, reflecting a dimmer view of the economy as growth weakens in the United...

UN rights chief: US sanctions could deepen Venezuelan crisis

Mar. 20, 2019 6:05 PM EDT

CARACAS, Venezuela (AP) — The United Nations' high commissioner for human rights said Wednesday that recent U.S. sanctions that are aimed at toppling Venezuelan President Nicolas Maduro threaten to deepen the nation's crisis. Commissioner Michelle Bachelet told the Human Rights Council of the U.N. that...

Federal Reserve foresees no interest rate hikes in 2019

Mar. 20, 2019 6:01 PM EDT

WASHINGTON (AP) — The Federal Reserve left its key interest rate unchanged Wednesday and projected no rate hikes this year, reflecting a dimmer view of the economy as growth weakens in the United States and abroad. The Fed said it was keeping its benchmark rate — which can influence everything from...

How major US stock indexes fared Wednesday

Mar. 20, 2019 5:16 PM EDT

Stocks got a brief bump from news that the Federal Reserve doesn't plan to raise rates this year, but still ended mostly lower Wednesday after those gains faded. Bond prices rose sharply after the Fed forecast slower economic growth. That sent bond yields down to the lowest they've been in more than a year. Banks...

Markets Right Now: Fed news sends bond yields sharply lower

Mar. 20, 2019 4:15 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks got a brief bump from news that the Federal Reserve doesn't plan to raise rates this year, but still ended mostly lower after those gains faded. Bond prices rose sharply Wednesday after the Fed forecast slower...