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1:24 p.m. July 21, 2020 - By Mark DeCambre
Dow, S&P close higher as Covid-battered stocks surge, but off session’s best levels as tech sector sinks Gains for equities come even as gold is approaching its second-highest level in history, near $2,000 an ounceU.S. stock-indexes finish mostly higher Tuesday, but off the session’s best levels, as investors snap up beaten-down energy and financial stocks amid a slate of corporate earnings reports, including Coca-Cola and Lockheed Martin’s second-quarter results.
12:02 p.m. July 16, 2020 - By Greg Robb
Fed needs stronger forward guidance to convince people ‘we’re really in it to win it,’ Evans says Chicago Fed president is another voice in favor of setting conditions to meet before interest rates riseThe U.S. central bank should adopt strong forward guidance to convince the market that ‘‘we’re in it to win it,” said Chicago Fed President Charles Evans on Thursday.
12:48 p.m. July 14, 2020 - By Joy Wiltermuth
Dow ends up 550 points, stocks jolt higher after Fed’s Brainard calls for ‘sustained’ large-scale asset purchases Wells Fargo’s stock ends 4.6% lower after its quarterly resultsU.S. stock-indexes finished near session highs Tuesday, after Federal Reserve Gov. Lael Brainard calls for sustained large-scale asset purchases by the U.S. central bank to help the economy rebound amid a “thick fog of uncertainty” brought on by COVID-19.
12:40 p.m. July 1, 2020 - By Sunny Oh
10-year Treasury yield books biggest daily rise in two weeks after Fed minutes U.S. Treasury yields rose Wednesday as minutes from the Federal Reserve’s meeting in June showed the central bank discussing the merits of yield curve control, a monetary policy tried by some other central banks.
8:19 a.m. June 23, 2020 - By Greg Robb
Fed’s Bullard doesn’t see signs a damaging asset bubble is forming St. Louis Fed president says there are more questions than answers about using yield curve control as a policy toolSt. Louis Fed President James Bullard on Tuesday said he doesn’t see a risky asset bubble forming in the wake of the Fed’s efforts to battle the coronavirus pandemic.
12:45 p.m. May 28, 2020 - By Sunny Oh
Treasury yields edge higher as U.S. economic data less severe than expectedTreasury yields edged up on Thursday as analysts suggested a raft of U.S. data was not as bad as anticipated, offering modest relief to investors looking for signs that the economy was on the mend.
12:43 p.m. May 27, 2020 - By Joy Wiltermuth
Dow closes 550 points higher, as investors look past dismal economic data and escalating U.S.-China tensions U.S. declares that Hong Kong is no longer autonomousMajor U.S. stock benchmarks roared higher Wednesday, despite the battered state of the economy and rising tensions between Beijing and Washington as investors focused on efforts to reopen more states for business.
10:57 a.m. May 27, 2020 - By Greg Robb
U.S. economy is near bottom, poised for rebound, Fed’s Williams says Starting to see initial signs of increased economic activity as people start to move around more, New York Fed president saysNew York Fed President John Williams on Wednesday said the economy was near the bottom of the downturn and hopefully poised for a rebound.
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