Concerns Over Global Economy Lead to Decline in Energy Stocks

June 21, 2023

Stocks in Wall Street closed lower on Tuesday, marking a temporary pause in a five-week rally that pushed the market to its highest level since last year. The S&P 500 dropped by 0.5% (20.88 points) to 4,388.71, while the Dow Jones Industrial Average fell by 0.7% (245.25 points) to 34,053.87. The Nasdaq composite also declined …

Powell’s Remarks Help Stocks Recover from Losses

June 15, 2023

Stocks closed with a mixed result on Wall Street as the Federal Reserve indicated the possibility of two more interest rate hikes this year. The S&P 500 ended slightly higher, after fluctuating between gains and losses surrounding the Fed’s announcement. The Dow saw a decline, while the Nasdaq experienced a slight rise. The Fed stated …