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Wall Street rallies on higher close boosted by banks and big tech
NEW YORK, May 23 (Reuters) – U.S. stocks ended higher on Monday as bank gains and a rebound by megacap market leaders supported a broad-based rally after Wall Street’s longest streak of weekly declines since the dotcom collapse more than 20 years ago. All three major U.S. equity indices posted solid gains, with the biggest […]
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Nasdaq drops more than 3% as US inflation data provides little relief to investors
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 11, 2022. REUTERS/Brendan McDermid Join now for FREE unlimited access to Reuters.com Register US consumer prices slow in April; inflation still high Coinbase falls on first quarter revenue slump, net loss Indices: Dow down 1%, S&P 500 down […]