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Dow record, Buffett’s $1 trillion win and Boar’s Head’s crisis

Former CEO of the Federal Reserve Bank of St. Louis James Bullard discusses interest rate cuts and the labor market on “The Craman Countdown.” U.S. stocks ended a mixed week and month with healthy gains as investors headed into the long Labor Day weekend, with the Dow Jones Industrial Average hitting a new record high […]

Dow hits record close again as inflation data raises hopes of Fed rate cut

Wall Street closed higher on Friday, with the Dow Jones Industrial Average surging more than 200 points to close at another record high, as the latest U.S. economic data stoked hopes that the Federal Reserve will deliver a small interest rate cut in September. The Dow Jones Industrial Average rose 0.6% to 41,563.08 after hitting […]

Dow jumps over 400 points to hit another all-time high

The Dow Jones Industrial Average closed at a record high on Thursday in mixed trading after strong U.S. economic data, while artificial intelligence (AI) chipmaker Nvidia fell after its earnings forecast was broadly in line with expectations but failed to impress investors. The Dow Jones Industrial Average rose 243.63 points, or 0.6 percent, to 41,335.05 […]

Dow hits record high before falling back to Earth

The Dow Jones Industrial Average hit a new all-time high on Monday before turning negative but still closing at a record high as investors await inflation data for clues about the path the Federal Reserve might take in cutting interest rates. The Dow Jones Industrial Average rose 245 points to an intraday record of 41,420 […]

Dow soars over 400 points as Wall Street cheers Fed rate cuts are on the way

Stocks rose on Friday as dovish comments from Federal Reserve Chairman Jerome Powell bolstered expectations that the central bank will cut its key policy interest rate in September. The Dow Jones Industrial Average rose 462.30 points, or 1.1%, to 41,175.08, just 23 points off its all-time high. The S&P 500 rose 1.2%, and the Nasdaq […]

Dow surges 400 points, strong retail sales data ease fears of slowdown

The Dow Jones Industrial Average surged more than 500 points and the Nasdaq Composite rose 2% after July retail sales data showed strong consumer spending, easing concerns that the world’s largest economy could slip into recession in the near future. The Dow Jones Industrial Average rose 554 points, or 1.4 percent, to 40,563.06. The S&P […]