Stock market live news updates: Tech stocks soar after Fed's latest rate hike – Yahoo Finance

Tech stocks rose Wednesday after Federal Reserve announcement recent interest rate hike After Fed Chairman Jerome Powell suggested the economy was showing signs of ‘disinflation’. When the closing bell rang on Wall Street, the tech-focused Nasdaq Composite (^IXIC) rose 2%, with market charges rising following Chairman Powell’s comments. S&P 500 (^GSPC) rose 1% and the […]

Jim Cramer says we're in a bull market, so buy on the dip – CNBC

CNBC’s Jim Cramer told investors on Tuesday that the market is in bullish mode, so the dip represents an opportunity to buy on the downside. “If we are in a bull market, which I think is, we have to be prepared,” he added. “In a bull market, they are buying opportunities, so now we need […]

BlackRock plans to cut 500 workers after last year's market downturn – Yahoo Finance

black rock (black), the world’s largest asset manager, will lay off about 500 employees (about 3% of its workforce). According to an internal email confirmed by Yahoo Finance. The investment giant joins a growing number of Wall Street firms cutting jobs after last year’s market crash. Corporate America ramps up hiring freezes and job cuts. […]