NEW YORK — Wall Street’s sell-off hit a new low Thursday after President Trump’s escalating trade war dragged the S&P 500 more than 10% below its record, which was set just last month.
A 10% drop is a big enough deal that professional investors have a name for it — a “correction” — and the S&P 500’s 1.4% slide on Thursday sent the index to its first since 2023.
U.S. stocks rallied to their best day in months on Friday as Wall Street’s roller coaster suddenly shot back upward. That still wasn’t enough to keep the U.S. market from a fourth straight losing week, its longest such streak since August.
The S&P 500 jumped 2.1% a day after closing more than 10% below its record for its first “correction” since 2023.
» Read more about: Wall Street’s best day in months couldn’t salvage a rotten week »
U.S. stocks rallied to their best day in months on Friday as Wall Street’s roller coaster suddenly shot back upward. That still wasn’t enough to keep the U.S. market from a fourth straight losing week, its longest such streak since August.
The S&P 500 jumped 2.1% a day after closing more than 10% below its record for its first “ correction ” since 2023.
» Read more about: Ticker: Wall Street rallies to its best day in months »
Strong price appreciation led to stock splits, but these two can keep climbing higher.
When a company announces a stock split, it doesn’t change any of the underlying fundamentals of the business or the stock. It merely divides the company into smaller shares for investors, making it easier for retail investors to afford the stock.
Things haven’t been all flowers and sunshine for the stock market to start 2025. Many big-name stocks and two of the market’s top indexes,
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ARK Invest CEO Cathie Wood maintains her ambitious $2,600 price target for Tesla (NASDAQ:TSLA) by 2029—valuing the company at over $9 trillion—despite the stock’s near 41% decline since the beginning of the year.
On Jan. 7, Meta introduced a new and watered-down Hateful Conduct Policy, which now makes explicit exemptions for discrimination aimed at the LGBTQ community.
“We do allow allegations of mental illness or abnormality when based on gender or sexual orientation, given political and religious discourse about transgenderism and homosexuality,” the policy states,
Consumer confidence in the United States continued its downward trajectory for the third consecutive month in March, as ongoing tariff disputes and economic uncertainty dampened sentiment. The University of Michigan’s latest survey reported a 10.5 per cent drop in consumer sentiment, bringing the index to 57.9. This represented a sharp 27.1 per cent decline compared to the same month last year.
Beating the S&P 500’s 23% gain in 2024 was no easy feat,
The reason: compounding. When the dividends these stocks pay are reinvested, an investor’s wealth snowballs. The more dividends you reinvest, the more shares you own, and the more shares you own …
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