What happened the night 12-year-old Jonelle Matthews disappeared?
It is every parent’s worst nightmare: A father comes home and realizes his 12-year-old daughter was nowhere to be found. Decades later, the still-grieving family hopes to bring the man suspected in Jonelle Matthews’ disappearance to justice.news.yahoo.com
Stocks, oil prices fall, dollar spikes as investors weigh recession risk
Listen 2 min Comment on this story Comment Gift Article ShareStocks, oil prices and bond yields fell Tuesday as investors grappled with a dimming global economic outlook alerted by a sinking euro. The Dow Jones industrial average fell nearly 0.6 percent, or more than 180 points, on Tuesday. The broader S&P 500 index shed more than 0.3 percent while the tech-heavy Nasdaq added 0.2 percent. The dwindling price wiped off the rebound on Monday, with coronavirus disruptions in China after the first case of the B. The international market feared that its zero-covid policy could cause the world’s largest importer to reduce oil demand.washingtonpost.com
The AP Interview: Estonian PM on Russian threat
Estonian Prime Minister Kaja Kallas tells The Associated Press that the West should not underestimate Russia’s military capabilities in Ukraine and that President Vladimir Putin's forces are in it for the long haul. (June 23/AP Video Kostya Manenkov)news.yahoo.com
Stock futures sink after rally; oil prices tumble
Placeholder while article actions loadU.S. stock futures declined Wednesday after a relief rally as investors continue to grapple with uncertainty and recession fears. The Dow Jones industrial average fell 316 points, or 1 percent, in premarket trading, while S&P 500 futures shed 1.2 percent and the tech-heavy Nasdaq futures dropped 1.3 percent. He will also call on states to suspend their own gas taxes and ask oil companies to lower prices. Brent crude, the international benchmark, dropped 4 percent to trade near $110 a barrel Wednesday. West Texas Intermediate crude, the U.S. benchmark, dropped 4.6 percent.washingtonpost.com
Tech and retail stocks lift markets: Dow surges more than 500 points
Placeholder while article actions loadWall Street posted healthy gains on Thursday as technology and retail stocks bounced back, powering the beaten-down Nasdaq index up 2.7 percent and putting more distance between the S&P 500 and a bear market. Choose your plan ArrowRight The Dow Jones industrial average surged 516.91 points, or about 1.6 percent, to close at 32,637.19. The broader S&P 500 index climbed 79.11 points or nearly 2 percent, to settle at 4,057.84. The S&P 500 is down 15 percent so far this year. The stock market gains were led by tech stocks and a handful of retailers.washingtonpost.com
Wall Street on track for a breather, but bear market looms
The S&P 500 remains on the precipice of a bear market — defined as falling 20 percent from a recent high — having dipped into that terrain Friday before squeaking out a last-minute recovery. AdvertisementRuss Mould, investment director at AJ Bell, said that he says he sees the “classic” phases of a bear market forming. If bear markets coincide with a recession, history has shown, they deepen and lengthen. The last bear market ended in March 2020, early in the pandemic, and lasted only 33 days. And there has not been a sustained bear market since 2009, at the end of the global financial crisis.washingtonpost.com
Stocks stage cautious rebound after a bruising week
Choose your plan ArrowRight The Dow Jones industrial average gained 200 points, or 0.65 percent at the open but remained on track for its ninth straight losing week. AdvertisementJPMorgan said this week that the market is pricing in a 70 percent chance of near-term recession, suggesting investors lack confidence the Fed can contain inflation without triggering a downturn. Fed officials have been attempting to pace increases so as not to smother economic growth, a difficult balance to strike. Asian markets closed higher across the board, led by Hong Kong’s Hang Seng Index, which surged nearly 3 percent. European indexes followed suit, with Britain’s FTSE100 and Germany’s DAX climbing nearly 2 percent in midday trading.washingtonpost.com
Zoom to pay $85M for privacy miscues at start of pandemic
Zoom has agreed to pay $85 million to settle a lawsuit alleging allegations its videoconferencing service’s weak privacy controls opened too many peepholes into its users’ personal information and made it too easy to disrupt their meetings during the early stages of the pandemic.
Asia stocks follow Wall Street down on renewed virus worries
FILE - In this Nov. 5, 2020 file photo, a sign for Wall Street is carved in the side of a building. Banks and energy stocks are leading major U.S. indexes mostly lower in the early going on Wall Street, while gains for some Big Tech companies like Microsoft nudged the Nasdaq slightly higher. (AP Photo/Mark Lennihan, File)BEIJING – Asian stock markets followed Wall Street lower Wednesday after European governments extended anti-coronavirus lockdowns, clouding the outlook for economic recovery. Overnight, Wall Street gave up most of the previous day's gains as technology, industrial and bank stocks fell. On Wall Street, the benchmark S&P 500 fell 0.8% on Tuesday to 3,910.52.
Asian markets follow Wall St lower after Fed bump
Asian stock markets followed Wall Street lower on Friday after rising U.S. bond yields pulled stocks lower, dampening enthusiasm driven by the Federal Reserve's promise of low interest rates. (AP Photo/Eugene Hoshiko)BEIJING – Asian stock markets followed Wall Street lower on Friday after rising U.S. bond yields dampened buying enthusiasm driven by the Federal Reserve's promise of low interest rates. Overnight, Wall Street's benchmark S&P 500 index closed down 1.5%, putting it on track for its first weekly loss in three weeks. The S&P 500 fell to 3,915.46. Bank stocks did well because investors bet higher interest rates would translate into higher profits.
Wall Street closes higher after Fed says will keep rates low
Shares are opening mostly lower on Wall Street, Wednesday, March 17, 2021, as investors cautiously await the U.S. central banks latest assessment on the economy. (AP Photo/Frank Franklin II, File)TOKYO – Stocks closed higher Wednesday, reversing an early slide after the Federal Reserve reassured Wall Street that it expects to keep its key interest rate near zero through 2023. Wall Street has been anxious about the potential for higher inflation to drive up bond yields further and has been looking for signs that the central bank shares its concerns. After Powell spoke stocks gradually pivoted higher and bond yields fell. AdAt least some Fed officials appear to be closer to tightening up the central bank’s ultra-low-rate policies.
Stocks mostly shake off a weak start, edge to more records
Stocks are off to a mixed start on Wall Street as another sharp rise in bond yields unsettled investors. (AP Photo/Mark Lennihan, File)BANGKOK – A late-afternoon burst of buying helped nudge several U.S. stock indexes to all-time highs Friday, despite a pullback in Big Tech companies as bond yields headed higher. The bond market was the dominant force in pulling tech stocks mostly downward, because as yields push interest rates higher, they make high-flying stocks look expensive. Investors had sold off stocks late last week after that yield crossed above the 1.60% mark. But as the pandemic eases this year, and bond yields rise, more expensive stocks such as these have struggled.
Asian shares mixed after stimulus lifts Dow, S&P to records
Stocks were mixed in Asia on Friday after broad gains lifted several major indexes to all-time highs on Wall Street. (AP Photo/Lee Jin-man)Stocks were mixed in Asia on Friday after broad gains lifted several major indexes to all-time highs on Wall Street. Tokyo’s benchmark rose 1% while Chinese indexes slipped as investors cashed in on recent surges in share prices. Traders also bid up shares in smaller stocks, pushing the Russell 2000 index up 2.3% to 2,338.54. AdThe stimulus coupled with ultra-low interest rates are expected to help charge growth as industries bounce back from pandemic downturns, analysts say.
Asian shares advance as yields, inflation fears moderate
Shares rose in Tokyo, Shanghai and Hong Kong but edged lower in Sydney. On Wall Street, energy and financial stocks rose while Big Tech shares declined. The S&P 500 added 0.6% and the Dow Jones Industrial Average hit a record high, though tech stocks pulled the Nasdaq slightly lower. But core inflation, excluding food and energy, posted a much smaller 0.1% gain, easing fears that the inflation might surge as the economy recovers from the pandemic. The fall in bond prices, which are inversely related to yields, attracted investors reluctant to pay high prices for stocks, especially tech stocks that looked most expensive.
Asian stocks follow Wall St higher after tech rally
(AP Photo/Koji Sasahara)TOKYO – Asian stock prices followed Wall Street higher on Wednesday following a rally for major tech companies. Wall Street's benchmark S&P 500 index closed up 1.4%, led by gains for Apple, Amazon and other tech majors. A reversal in bond market trends at least temporarily sent investors back to companies they hope will thrive after the coronavirus pandemic ends. The Dow Jones Industrial Average, which is weighted less toward tech, rose 0.1% to 31,832.74. The fall in bond prices drew investors who didn't want to pay high prices for stocks, especially tech stocks that looked most expensive.
A bumpy day leaves stocks mostly lower; bond yields ease
Stocks wobbled between small gains and losses on Wall Street Friday as rising technology stocks offset a slide in banks and energy companies. (Courtney Crow/New York Stock Exchange via AP)BANGKOK – A choppy day on Wall Street ended with stocks mostly lower Friday, helping push the S&P 500 to its second straight weekly loss. Investors continued to watch the bond market, where Treasury yields eased lower, as well as Washington, where Congress is expected to vote on President Joe Biden's stimulus package. Rising yields can make stocks look less attractive relative to bonds, which is why every tick up in yields has corresponded with a tick down in stock prices. Technology stocks have been impacted more than the broader market by the rise in bond yields.
Asian shares sink after tech rout pulls Nasdaq 3.5% lower
The tech-heavy Nasdaq shed 3.5% on Thursday while the S&P 500 dropped 2.4%, led lower by heavy selling in technology and communications companies. That move raised the alarm on Wall Street that yields, and the interest rates they influence, will move higher from here. The Shanghai Composite index lost 1.5% to 3,530.08. AdThe S&P 500 index fell 96.09 points to 3,829.34. The Russell 2000 index of smaller company stocks lost 84.21 points, or 3.7%, to 2,200.17.
Asian shares mostly higher amid coronavirus vaccine optimism
Asian shares were mostly higher on Tuesday despite a sell-off in technology companies on Wall Street. (AP Photo/Kin Cheung)TOKYO – Asian shares were mostly higher Tuesday despite a sell-off of shares in technology companies on Wall Street. Although the world's economies have been battered by the coronavirus pandemic, the deployment of COVID-19 vaccines is raising hopes for a recovery from the pandemic. “Equity investors are finally paying attention to the bond market,” said Mike Zigmont, director of trading and research at Harvest Volatility Management. In energy trading, U.S. benchmark crude rose 76 cents to $62.46 a barrel in electronic trading on the New York Mercantile Exchange.
Asia stocks follow Wall St. down after weaker US jobs data
(AP Photo/John Minchillo)BANGKOK – Asian stock markets followed Wall Street lower on Friday after disappointing U.S. jobs and economic data. Overnight, Wall Street's benchmark S&P 500 index lost 0.4% for its third straight daily decline. AdThe Shanghai Composite Index lost 0.9% to 3,641.63 and the Nikkei 225 in Tokyo sank 1% to 29,947.42. On Wall Street, the S&P 500 fell to 3,913.97. Congress is conducting a hearing on the recent volatility of companies caught in a tug-of-war between Wall Street institutional investors betting against the companies and the online retail investors who pushed shares higher.
S&P 500 closes wobbly week at new record high
The S&P 500 rose 0.5% after spending most of the day wavering between small gains and losses. The S&P 500 rose 18.45 points to 3,934.83, while the Dow gained 27.70 points, or 0.1% to 31,458.40. Despite a week of mostly minor gains and losses for the broader market, the S&P 500 notched its second straight weekly gain. Roughly 75% of companies in the S&P 500 have released results, showing overall growth of 2.8%, according to FactSet. Genetic analytics company Illumina jumped 11.9% for the biggest gains in the S&P 500 following its encouraging earnings report.
Stock indexes wobble as investor caution offsets optimism
AdAlthough another day of choppy trading on Wall Street left the major U.S. stock indexes nearly flat Thursday, the S&P 500 and Nasdaq composite still hit all-time highs. The S&P 500 rose 0.2% to 3,916.38. Wall Street is still digesting solid corporate earnings and signs of a decline in new virus cases. The index is up 15.7% so far this year, while the S&P 500 is up 4.3%. Molson Coors fell 9.1% for the biggest decline in the S&P 500 after its profits fell short of expectations because business shutdowns in Europe hurt sales.