By DAMIAN J. TROISE, AP Business Writers
NEW YORK (AP) — Stocks drifted to a mixed close on Wall Street Thursday in what has been a rocky week so far because of worries coming out of the bond market about the U.S. government’s mounting debt.
Trading remained choppy throughout most of the day following Wednesday’s big slump for the S&P 500.
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The US Supreme Court has signalled it may shield the Federal Reserve from a potential review of Donald Trump’s ability to fire officials of independent agencies,
» Read more about: Supreme Court signals it could shield Federal Reserve from Donald Trump »
NEW YORK — Wall Street slumped on Wednesday under the weight of pressure from the bond market, where Treasury yields climbed on worries about the U.S. government’s spiraling debt and other concerns.
» Read more about: Wall Street takes tumble as Treasury yields climb »
Stocks closed down significantly on Wednesday as bond yields spiked amid deficit concerns centered on a tax cut measure under consideration in the U.S. House as part of a megabill supporting President Donald Trump’s second-term agenda.
The Dow Jones Industrial Average closed down 817 points, or 1.9%, while the S&P 500 declined 1.6%.
» Read more about: Dow closes down 800 points as bond sell-off rattles markets »
The US dollar is under pressure as global investors grow increasingly wary of America’s fiscal trajectory.
Once seen as a reliable safe haven, the greenback is now facing renewed skepticism, with strategists telling Yahoo Finance that capital is shifting toward undervalued currencies in Europe and Asia amid expectations of foreign stimulus and more attractive valuations abroad.
BENGALURU: The S&P 500 struggled for direction on Thursday after the US House of Representatives passed President Donald Trump’s tax and spending bill, expected to burden the federal government with trillions of dollars in extra debt, by a razor-thin margin.
If what Trump has described as a “big,
» Read more about: S&P 500 directionless after Trump's tax-cut bill wins House vote »
PARKERSBURG, W.Va. (WTAP) -The Mid-Ohio Valley Chamber of Commerce held it’s monthly Lunch & Learn event with other chamber members.
The Commerce invited Hall Financial Advisors to the event to discuss about 401k and retirement plan options.
Lisa Parsons, the CEO and President of the MOV Chamber of Commerce,
“America voted for corruption.” That is how Walter Shaub, former director of the United States’ Office of Government Ethics, described US President Donald Trump’s initial actions to support the cryptocurrency sector,
» Read more about: Trump and cryptocurrency: Serious suspicions of conflicts of interest »
Investing
The NEOS NASDAQ-100 High Income ETF (QQQI) features a higher yield than the JPMorgan Nasdaq Equity Premium Income ETF (JEPQ).
However, the JEPQ ETF could be superior because it’s less heavily weighted toward a handful of stocks than the QQQI ETF.
CHICAGO, May 22, 2025 /PRNewswire/ — The board of directors of Telephone and Data Systems, Inc. (NYSE: TDS), a leading provider of telecommunications services, has declared second quarter 2025 dividends on its Common Shares, Series A Common Shares, Series UU Preferred Shares and Series VV Preferred Shares.
» Read more about: TDS announces second quarter 2025 dividends »