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Basis point

Why Wall Street is OK with bigger rate cuts in the fourth quarter

The bulls are back and investors are pushing the market higher. Last week, I wrote about why a 50 basis point rate cut could be a mistake, as experts told me a bold move by the Fed could be a…

Nasdaq gets off to a bumpy start in September as Nvidia sell-off continues

U.S. stocks fell on Tuesday, marking a historically difficult month for markets, with AI darling Nvidia (NVDA) and chip stocks dragging tech stocks lower. Meanwhile, attention turned to a week of economic and labor market data, led by a key…

Wall Street closes lower as technology stocks weigh

HISTORY: Stocks in the US fell across the board on Thursday as all of the Magnificent 7 megacap technology stocks lost ground. The Dow lost four-tenths of a percent, the S&P 500 lost about nine-tenths and the technology-heavy Nasdaq closed…

Stock market today: Stock prices fall ahead of new inflation data

US stocks were lower on Monday as investors awaited new economic data due to be released later this week. At the end of last week, the major indices almost recovered the losses they suffered in a three-day sharp sell-off. This…

Why the Federal Reserve should be concerned about the stock market decline

According to Goldman Sachs, a further market collapse could affect US GDP growth and Fed policy. The bank estimated that a 10 percent sell-off in equity markets could reduce U.S. GDP growth by 45 basis points next year. Further declines…