NEW YORK (AP) — Wall Street rumbled to the edge of a bear market Friday after another drop for stocks briefly sent the S&P 500 more than 20% below its peak set early this year.
NEW YORK (AP) — The stock market clawed back from a midday drop Friday after coming to the edge of its first bear market since the beginning of the pandemic. The S&P 500 ended 18.6% below the record high it set in early January. A 20% decline would have been considered the beginning of a bear market. The benchmark index, the heart of many retirement accounts, came back from a loss of 2.3% to end just barely in the green. Rising interest rates, high inflation, the war in Ukraine, and a slowdown in China’s economy have been worrying investors. The Dow erased a 600-point drop.
POKROVSK, Ukraine (AP) — Russia claimed to have captured Mariupol on Friday in what would be its biggest victory yet in its war with Ukraine, following a nearly three-month siege that reduced much of the strategic port city to a smoking ruin, with over 20,000 civilians feared dead.
POKROVSK, Ukraine (AP) — The West moved to pour billions more in aid into Ukraine on Friday, as Russia shifted troops freed up by the imminent fall of the pulverized city of Mariupol and fighting raged in the country’s industrial heartland in the east.
NEW YORK (AP) — Former President Donald Trump has paid the $110,000 in fines he racked up after being held in contempt of court for being slow to respond to a civil subpoena issued by New York’s attorney general.
NEW YORK (AP) — Stocks are falling on Wall Street again on Friday and are headed for another week of declines following a massive pullback two days ago. The S&P 500 fell 1.7% and is now down 20% from the record high it reached in January. If the index closes at this level or lower it will have entered a bear market for the first time since early in the pandemic. The S&P 500, the basis for many index funds, is heading for its seventh weekly decline in a row. The Dow Jones Industrial Average fell 1.4% and the tech-heavy Nasdaq fell 2.4%. Bonds yields fell.
It's often said that fans at live concerts give the band a jolt of electricity. Coldplay wants to literally harness that.