U.S. stocks have worst day in nearly three weeks as hawkish Fed speak, China worries rattle markets

U.S. stocks had their worst day in nearly three weeks on Monday as protests in China raised global-growth risks and Federal Reserve officials said more interest-rate increases will be needed to subdue inflation. How stocks traded The Dow Jones Industrial Average DJIA, -1.45% finished down by 497.57 points, or 1.5%, at 33,849.46, not far from … Read more

‘We’re headed for a family feud’: My father offered his 3 kids equal monetary gifts. My siblings took cash. I took stock. It’s soared in value — now they’re crying foul

Dear Quentin, Several years before my father’s death, he offered me and my two siblings each an early “cash gift” from his estate in the amount of whatever the maximum non-taxable amount was at the time. He was an active investor and offered the gift in the form of the stock instead of cash. My siblings … Read more

Alibaba and JD.com Stocks Are Rising. Don’t Thank Singles Day Sales Results.

Alibaba and JD.com stocks were rising on Monday, but the price action didn’t seem to be driven by sales results from the closely-watched annual Singles Day event. Alibaba (ticker: BABA) was up 2.5% in U.S. premarket trading, with shares in e-commerce peer JD.com (JD) gaining 3.5%, beating out futures tracking both the S&P 500 index … Read more

Stocks Surged on an Inflation Reading. But the Bear Market Isn’t Over.

Investors finally got the inflation reading they were looking for, and are likely to get a split government for the next two years. That combination propelled stocks to their best weekly showing since June. On Friday, the S&P 500 even briefly crossed the 4,000 threshold, a level it hadn’t breached in two months. The S&P … Read more

Investors may be whistling past the graveyard of a recession with latest rally in stocks

Investors feeling giddy about last week’s sharp rally for stocks might want to give a listen to Tom Waits’ song, “Whistlin’ Past the Graveyard” from 1978, to sober up for the dangers that still lurk ahead. The surge in stocks catapulted the S&P 500 index SPX, +0.92% almost back to the 4,000 mark on Friday, … Read more

Apple and Google stocks just had their worst week in more than two years

Shares of Apple Inc. and Alphabet Inc. both suffered their largest weekly declines since the beginning days of the pandemic this week, as Big Tech companies continued to draw closer scrutiny from Wall Street. Apple’s stock AAPL, -0.19% finished down 11.2% on the week, its worst weekly performance since the week that ended March 20, … Read more

Stocks Poised to Fall Monday

U.S. stocks are poised for a slightly lower open on Monday ahead of another busy week of earnings and the Federal Reserve’s latest decision on interest rates on Wednesday. At 6:22 p.m. Eastern time Sunday night, Dow Jones Industrial Average futures were down 39 points, or 0.1%, while the S&P 500 futures were down 0.2%, … Read more

The Dow soars, Big Tech tumbles: What’s next for stocks as investors await Fed guidance

The past week offered a tale of two markets, with gains for the Dow Jones Industrial Average putting the blue-chip gauge on track for its best October on record while Big Tech heavyweights suffered a shellacking that had market veterans recalling the dot-com bust in the early 2000s. “You have a tug of war,” said … Read more

Chinese Stocks Stagnant After Monday’s Plunge

Chinese stock markets Tuesday continued to trade around Monday’s lows when they plunged after President Xi Jinping received a further five-year term as leader of China. Hong Kong’s Hang Seng Index closed down 0.1% on Tuesday after dropping more than 6% to a new 13-year low on Monday. On the mainland the Shanghai Composite Index … Read more

IRS releases new federal tax brackets and standard deductions. Here’s how they affect your family’s tax bill.

America’s high inflation rate will produce a 7% increase in the size of the standard deduction when workers file their taxes on their 2023 income, according to new inflation adjustments from the Internal Revenue Service. It’s also going to pump up tax brackets by 7% as well, according to the annual inflation adjustments the IRS … Read more