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US stocks off to worst start in over 50 years

US stock futures continued to decline Friday morning after the worst start to a year in decades. The Dow Jones Industrial Average is down 0.7% in pre-market trading, while the S&P 500 and Nasdaq 100 are sliding 0.67% and 0.59% respectively. Stock extended losses from Thursday’s session, with the Dow …

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US stocks sink to lowest in a year

US stocks plummeted on Thursday, with the Dow Jones Industrial Average falling 700 points below 30,000 for the first time in more than a year. The S&P 500 index slid 3.2%, while the Nasdaq Composite plunged 4%. They are now both in bear markets, down about 23% and 34% from …

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Stocks fall amid recession fears

All three major US stock market indices continued their downward slide on Monday, amid growing expectations of significant rate hikes from the Federal Reserve and an emerging consensus of economists that the country was entering a recession. The Dow Jones Industrial Average closed at 30,516.74 for a drop of almost …

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US stocks see worst day since 2020

US markets fell sharply on Thursday in Wall Street’s worst day since 2020, eviscerating all the gains from the previous day, after the US Federal Reserve announced plans to raise the key interest rate. The Dow Jones Industrial Average plummeted more than 1,000 points, or 3.1%, marking its worst daily …

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Russian stocks rebound after markets reopen

Russia’s stocks continued to rise sharply on Thursday as the Moscow Exchange reopened for limited trading this week, after suspending most of its transactions on February 28. The ruble-based MOEX benchmark went up more than 11% to 2,743 points. The dollar-denominated RTS index of leading Russian stocks was down slightly, …

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Soros stocks his war chest for Democrats ahead of midterms

Liberal megadonor George Soros has funnelled $125 million into Democracy PAC, a political action committee aimed at supporting Democrats this November. Soros’ spending on this PAC already dwarves the millions he donated in 2020. Soros announced his investment in a statement on Friday, first reported by Politico. The money will …

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Disney & Boeing among worst stocks of 2021

Walt Disney, Verizon, and Boeing, as well as California-based biopharmaceutical firm Amgen and tech conglomerate Honeywell, were the worst stocks of 2021, according to stock market index Dow Jones. Disney and Verizon stocks saw double-digit percentage losses, while the other three firms booked losses in the single digits. Entertainment giant …

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Russia stocks up as reserves rise to historic rate

In just one week ending October 29, Russia’s international reserves increased by $1.6 billion. The growth is mainly attributed to foreign currency purchases under the current budgetary rule, the Central Bank said. Overall, since the beginning of the year, Russian holdings have soared 7.5%. The country’s international reserves, which serve …

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