Tag: Home Depot

The Dow Jones Industrial Average Is So Back. Here Are the Stocks Sending It to New Highs.
Money

The Dow Jones Industrial Average Is So Back. Here Are the Stocks Sending It to New Highs.

The Dow Jones Industrial Average is poised to become the first major U.S. stock index to set a record since the Federal Reserve started raising interest rates.Investors on Wednesday drove the blue-chip index up more than 225 points to 36805, after Federal Reserve officials penciled in three interest-rate cuts next year at the conclusion of their December meeting. The rally puts the benchmark on the cusp of topping its previous closing high of 36799.65 set on Jan. 4, 2022. The 30-stock index has risen for six consecutive weeks and is up 10% this year through Tuesday.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Consumers Pulled Back on Spending, Inflation Eased in October
World

Consumers Pulled Back on Spending, Inflation Eased in October

Updated Nov. 30, 2023 12:09 pm ETAmericans slowed their spending in October and inflation continued cooling as the economy downshifted into fall after a fast-paced summer.Consumer spending rose 0.2% in October, down sharply from a 0.7% rise in September, the Commerce Department said Thursday. The October reading marked the slowest increase since May. The combination of ebbing income growth, high interest rates and prices, dwindling pandemic savings and the resumption of student-loan payments is eroding Americans’ ability to keep boosting their spending as briskly as they did through the summer, economists say.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
U.S. Retail Sales Fall for First Time Since March as Holiday Season Approaches
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U.S. Retail Sales Fall for First Time Since March as Holiday Season Approaches

Updated Nov. 15, 2023 8:46 am ETConsumers spent less at stores, dealerships and gas stations last month, a sign the summer spending boom is cooling heading into the holiday shopping season.U.S. retail sales fell 0.1% in October from a month earlier. That is the first decline since March and comes after a 0.9% increase in September. Declining retail sales, combined with slower hiring and easing inflation indicate that the economy is cooling after surprisingly strong growth much of this year.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Stocks, Bonds Soar After Inflation Data
Money

Stocks, Bonds Soar After Inflation Data

Updated Nov. 14, 2023 6:29 pm ETAn autumn stock-market rally accelerated Tuesday after fresh data showed that inflation cooled more than expected, powering big gains across stocks and government bonds.Consumer prices were unchanged in October from the previous month and up 3.2% from a year ago, less than what economists surveyed by The Wall Street Journal had forecast. The figures helped reassure investors that the Federal Reserve is likely done raising rates and put a soft landing for the U.S. economy in view.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Stocks, Bonds Soar After Inflation Data
World

Stocks, Bonds Soar After Inflation Data

Updated Nov. 14, 2023 6:29 pm ETAn autumn stock-market rally accelerated Tuesday after fresh data showed that inflation cooled more than expected, powering big gains across stocks and government bonds.Consumer prices were unchanged in October from the previous month and up 3.2% from a year ago, less than what economists surveyed by The Wall Street Journal had forecast. The figures helped reassure investors that the Federal Reserve is likely done raising rates and put a soft landing for the U.S. economy in view.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Tech Stocks Tumble, Pushing Nasdaq Lower
Money

Tech Stocks Tumble, Pushing Nasdaq Lower

A steep drop in shares of Alphabet, Amazon.com and other technology companies dragged the Nasdaq Composite into correction territory Wednesday. The tech-heavy index slid 2.4% in a punishing session that pulled it down more than 10% from its recent high. Its losses accelerated in the afternoon, sending the gauge to one of its worst one-day declines of the year.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Home Depot Tracked a Crime Ring and Found an Unusual Suspect
World

Home Depot Tracked a Crime Ring and Found an Unusual Suspect

For years, Robert Dell ran a drug recovery program at what was known as The Rock Community Church and Transformation Center in St. Petersburg, Fla. On the side, prosecutors say, Dell also ran an organized retail-crime ring.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8