Stock market today: Wall Street closes its worst week in six months with more losses

NEW YORK (AP) — Wall Street wheezed to more losses Friday as it limped to the finish of its worst week in six months. The S&P 500 slipped 9.94 points, or 0.2%, to 4,320.06 after a late-day swoon erased a modest gain it had held for most of the day. It capped an ugly slide...

Stock market today: Asian shares mixed after interest rates-driven sell-off on Wall Street

Asian shares were mixed on Friday after another slump on Wall Street driven by expectations that U.S. interest rates will stay high well into next year. Hong Kong and Shanghai advanced while Tokyo, Seoul and Sydney declined. U.S. futures edged higher and oil prices rose. ...

Home sales fell again in August as homebuyers grapple with rising mortgage rates and prices

LOS ANGELES (AP) — Sales of previously occupied U.S. homes fell for the third month in a row in August, as higher mortgage rates, rising prices and a dearth of properties on the market shut out many would-be homebuyers. Existing home sales fell 0.7% last month from July to a...

The average long-term US mortgage rate edged up to 7.19% this week, slightly below its 2023 high

LOS ANGELES (AP) — The average long-term U.S. mortgage rate edged up again this week, another setback for would-be homebuyers navigating an increasingly less affordable housing market. The average rate on the benchmark 30-year home loan rose to 7.19% from 7.18% last week, mortgage...

Bank of England joins US Fed in keeping interest rates unchanged after inflation declines

LONDON (AP) — The Bank of England on Thursday joined the U.S. Federal Reserve in pausing interest rate increases after a surprising fall in U.K. inflation eased concerns about the pace of price rises. In a development that few predicted just two days ago, the central bank kept its...

Stock market today: Asian shares track Wall Street's slump after Fed says rates may stay high in '24

Asian shares are lower, tracking a slump on Wall Street after the Federal Reserve said it may not cut interest rates next year by as much as it earlier thought. Most regional markets fell more than 1%. U.S. futures and oil prices also declined. U.S. stocks slumped...

Fed keeps rates unchanged and signals optimism about a potential 'soft landing'

WASHINGTON (AP) — The Federal Reserve left its benchmark interest rate unchanged Wednesday for the second time in its past three meetings, a sign that it’s moderating its fight against inflation as price pressures have eased. The Fed's policymakers also signaled that they expect...

How major US stock indexes fared Wednesday, 9/20/2023

U.S. stocks slumped after the Federal Reserve said it may not cut interest rates next year by as much as it earlier thought, regardless of how much Wall Street wants it. While leaving the Fed’s main interest rate steady Wednesday, officials at the central bank also suggested they...

Text of the policy statement the Federal Reserve released Wednesday

WASHINGTON (AP) — Below is the statement the Fed released Wednesday after its policy meeting ended: Recent indicators suggest that economic activity has been expanding at a solid pace. Job gains have slowed in recent months but remain strong, and the unemployment rate has remained...

Federal Reserve keeps rates unchanged but signals likelihood of another hike this year to fight inflation