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Economy, Stocks

“Dow closes 500 points lower Friday as weak jobs data and new tariffs incite sell-off…”

August 2, 2025

“…The Dow Jones Industrial Average dropped 542.40 points, or 1.23%, closing at 43,588.58 and notching its worst decline since June 13. The S&P 500 shed 1.60% to end at 6,238.01 and post its worst day since May 21, while the Nasdaq Composite dipped 2.24% and settled… Continue Reading…

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Stocks

“Dow tumbles 500 points as new Trump tariffs rekindle market rout…”

March 11, 2025

“The Dow Jones Industrial Average fell Tuesday after President Donald Trump placed additional tariffs on Canadian steel and aluminum coming into the U.S. The 30-stock average lost 565 points, or 1.4%, while the S&P 500 dropped 1%. The Nasdaq Composite slipped 0.6%. In a Truth Social… Continue Reading…

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Stocks

“Dow drops 300 points as market sell-off gains steam on recession fears…”

March 10, 2025

“…The Dow Jones Industrial Average dropped 392 points, or 0.9%. The S&P 500 shed 1.8%, and the Nasdaq Composite lost 2.8%. The tech-heavy Nasdaq was weighed down by declines in the “Magnificent Seven” cohort. Tesla shed 6%, Alphabet fell 4%, Meta lost 3% and AI darling Nvidia slipped 2%….” https://www.cnbc.com/2025/03/09/stock-market-news-today-live-updates.html How long have I… Continue Reading…

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Economy

“U.S. Economic Growth Falls Back Below Average”

February 24, 2025

“…The Chicago Fed National Activity Index declined to minus 0.03 in January from 0.18 in December, according to new and revised figures. The reading below zero suggests growth lagged the long-term average. Falling activity in production, and personal consumption and… Continue Reading…

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Business

“Is Your Income Higher Than The Average Middle-Class Household? Here’s What They’re Earning”

October 2, 2024

“According to Pew Research, the median income for middle-class households reached $106,100 in 2022. That’s a 60% jump from the $66,400 median income in 1970. While that sounds impressive, it’s worth noting that upper-income households saw an even larger increase of 78%,… Continue Reading…

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Economy

“Average consumer now carries $6,329 in credit card debt. ‘People are stretched,’ expert says”

August 14, 2024

“Americans now owe a record $1.14 trillion on their credit cards, the Federal Reserve Bank of New York reported Tuesday. The average balance per consumer stands at $6,329, up 4.8% year over year, according to a separate quarterly credit industry insights report from TransUnion…” https://www.cnbc.com/2024/08/08/credit-card-debt-and-delinquencies-are-on-the-rise-reports-finds.html I… Continue Reading…

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Stocks

“Dow tumbles 1,000 points, S&P 500 posts worst day since 2022 in global market sell-off…” [Aug 5 2024]

August 8, 2024

“Stocks fell sharply on Monday, with the Dow Jones Industrial Average posting its worst day in nearly two years, as worries over the health of the U.S. economy sparked a global market sell-off. The Dow dropped 1,033.99 points, or 2.6%, to end at 38,703.27.… Continue Reading…

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Economy, Stocks

“Dow Jones Slides 375 Points After Jobless Claims, GDP; Salesforce Plunges 20% On Earnings” – May 30, 2024

June 4, 2024

“The Dow Jones Industrial Average tumbled 375 points Thursday after weekly unemployment claims and quarterly GDP data both came in weaker than expected. Dow Jones giant Salesforce (CRM) plunged on the stock market today after the company’s earnings report, while artificial intelligence… Continue Reading…

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Economy, Stocks

“All 3 major stock indexes close at record highs as inflation slows down”

May 20, 2024

“…The Dow Jones Industrial Average, S&P 500 and Nasdaq composite all rallied Wednesday after the Labor Department reported inflation falling to a 3.4 percent annual rate in April after a 0.3 percent monthly increase in prices, according to the consumer… Continue Reading…

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Stocks

“Dow closes 300 points lower Friday, but notches best week since December…”

March 28, 2024

“UPDATED FRI, MAR 22 2024 4:34 PM EDT… All three major averages notched healthy gains this week, with the S&P 500 rising about 2.3%. The Dow was up just shy of 2% for its best week since December. The Nasdaq is the outperformer… Continue Reading…

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