Stock market today: Dow, S&P 500, Nasdaq slide as Powell says Fed in no 'hurry' on rate cuts
US stocks slid on Thursday as the post-election rally stalled further and investors assessed remarks from Federal Reserve Chair Jerome Powell, who said in a speech that the central bank does not need to be “in a hurry” to lower interest rates.
Markets took a noticeable step lower after Powell’s comments.
Read MoreS&P 500 futures are little changed as index heads for losing week: Live updates
S&P 500 futures are near flat Thursday night as investors wondered what’s next for the market after the postelection rally wavered.
Futures tied to the Dow Jones Industrial Average lost 25 points, or 0.1%. S&P 500 futures also slipped 0.1%, while Nasdaq 100 futures shed 0.2%.
» Read more about: S&P 500 futures are little changed as index heads for losing week: Live updates »
Read MorePETRONAS’ PIC investments now at RM7.5bil
JOHOR BARU: Petroliam Nasional Bhd (PETRONAS) has made new investments totalling RM7.5bil at the Pengerang Integrated Complex (PIC) near Kota Tinggi.
Johor Mentri Besar Datuk Onn Hafiz Ghazi said that the investment includes a 40-megawatt solar energy project, a collaboration between Petronas Chemicals Group Bhd and LG Chem,
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Read MoreCryptocurrency giant unveils dramatic shift in traditional computing tech — here's why it matters
Cryptocurrency network Ethereum achieved a dramatic reduction in energy consumption two years after altering its validation system, showcasing a path toward greener digital currencies.
As detailed by CCN, Ethereum has become one of the most eco-friendly blockchains after launching a transformation known as “The Merge” in September 2022.
Read MoreCCI July 2025 Options Begin Trading
Investors in Crown Castle Inc (Symbol: CCI) saw new options begin trading today, for the July 2025 expiration. One of the key inputs that goes into the price an option buyer is willing to pay …
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Read MoreThe Burst
Market Commentary: 11 Charts That Show Growth Is Back
Last week, Cathie Wood of ARK Invest had perhaps one of the greatest weeks of her entire investing career. Famous for buying up growth stocks with potentially disruptive innovations, Cathie reported a week that any trader would envy.
Below we highlight eleven charts that reflect just how incredible the performance of her portfolios were,
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Read MoreThe Ivy
Is Tesla Plunging To $100?
When the champion of the trading world speaks, it behoves us to listen to him. A month or so ago, the 2020 trading champion made his views clear on Tesla: avoid it, was the takeaway.
At the time, he humbly commented that his two cents take was that the stock market had been in a 3-4 month rally but Tesla had gone straight down over that period,
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Read MoreThe Spotlight
Is Buffett Going All in on His Favorite Stock?
In 2022, Warren Buffett has been all over the headlines. Whether it’s Apple, Occidental Petroleum, or Chevron, the Oracle of Omaha has added millions of shares to his portfolio, which is now worth over $300 billion.
This year’s bear market decline has allowed Buffett to buy shares at a significant discount,
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