Articles by: Rexford Register Staff Writer

Live blog: Joe Biden, Kamala Harris set for rematch in Democratic debate

Live blog: Joe Biden, Kamala Harris set for rematch in Democratic debate

DETROIT (MarketWatch) — Follow along with MarketWatch reporters for live updates and analysis of the second and final night of the Democratic presidential debates in Detroit, when former Vice President Joe Biden and Sen. Kamala Harris will take the stage along with eight more contenders. Read: . | . | . Key tickers: Dow Jones Industrial Average   | U.S. […]

by × August 2, 2019 ×
U.S. stocks turn negative after Fed rate cut

U.S. stocks turn negative after Fed rate cut

U.S. stocks flipped from modest gains to losses Wednesday afternoon, following the release of a decision by the Federal Reserve‘s interest-rate setting committee to cut the federal funds rate by a quarter point to between 2% and 2.25%, while ending its plan to reduce its balance sheet through the sale of government bonds two months earlier than expected. The Dow […]

by × August 2, 2019 ×
Corrected: FOMC calls early end to quantitative-tightening program

Corrected: FOMC calls early end to quantitative-tightening program

Markets viewed the Fed as less dovish than hoped, prompting a selloff. The Federal Reserve on Wednesday cut its benchmark interest rate by a quarter percentage point, and ended its so-called quantitative tightening program two months early, but managed to disappoint the market by ruling out an aggressive monetary-easing campaign. Instead, Fed Chairman Jerome Powell described the interest-rate cut, the […]

by × August 1, 2019 ×
The Dow is down 250 points as stocks react badly to Fed interest-rate cut

The Dow is down 250 points as stocks react badly to Fed interest-rate cut

The Dow Jones Industrial Average sank to a triple-digit loss in afternoon trading Wednesday, after the , but the stock market‘s breadth remained positive, helped by strength in small-capitalization stocks. The number of advancing stock outnumbered decliners 1,540 to 1,333 on the NYSE and 1,610 to 1,331 on the Nasdaq exchange. Where breadth data showed some weakness was in the […]

by × August 1, 2019 ×
Fed‘s Powell defends rate-cut decision as stock market drops like a rock

Fed‘s Powell defends rate-cut decision as stock market drops like a rock

The Federal Reserve makes its interest rate decision and Chairman Jerome Powell will address the media afterwards. Economists expect a quarter-point cut but the forward guidance is the key. The meeting could feature multiple dissents. Follow along as MarketWatch’s Rex Nutting, Bill Watts, Vic Reklaitis, Jeffry Bartash and Greg Robb live-blog the action and watch the video of the press […]

by × August 1, 2019 ×