Wall Street rallies as pressure eases from the bond market
NEW YORK (AP) — U.S. stocks climbed Wednesday after the Federal Reserve said the economy still looks healthy enough to keep interest rates where they are. Wall Street also got a boost from easing yields in the bond market.
The S&P 500 jumped 1.1%. The Dow Jones Industrial Average added 383 points, or 0.9%, and the Nasdaq composite rose 1.4%.
The rally followed weeks of sharp and scary swings for the U.S. stock market. Uncertainty is high about how much pain President Donald Trump will allow the economy to endure in order to remake the system.
Business News
Federal Reserve leaves key rate unchanged
WASHINGTON (AP) — The Federal Reserve kept its key interest rate unchanged Wednesday, brushing off President ...
Automaker owned by Foxconn to make EVs for Mitsubishi Motors
The Associated Press Foxtron, an automaker partly owned by Taiwan iPhone manufacturer Hon Hai Technology Group, ...
US trade deficit hits record high
NEW YORK — The U.S. trade deficit soared to a record $140.5 billion in March as consumers and businesses alike ...
Trump, Carney faceoff in Oval Office leaves gaping differences on tariffs, 51st state
New car sales in April break 10-year high; Boardman Subaru paces Valley
Staff report Boardman Subaru paced the Mahoning Valley in new and used vehicle sales with 324 in April, according ...
Wall Street loses ground, breaking a 9-day winning streak
NEW YORK (AP) — Stocks closed lower on Wall Street Monday, breaking a nine-day winning streak, as oil prices hit ...