Category: Defiantly

Dow Rallies Defiantly as Fed Warns of ‘Sudden’ Stock Market Plunge
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Dow Rallies Defiantly as Fed Warns of ‘Sudden’ Stock Market Plunge

The Dow Jones Industrial Average rallied on Wednesday, despite falling from session highs. Vaccine optimism and solid economic data helped boost U.S. stocks. Federal Reserve official Randal Quarles warns “sudden and sharp repricing” could pummel financial markets. The Dow Jones gapped sharply higher on Wednesday, though the optimism about Moderna’s vaccine progress failed to sustain…

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Dow Rises Defiantly as Dismal Manufacturing Data Threaten Economy
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Dow Rises Defiantly as Dismal Manufacturing Data Threaten Economy

The Dow plodded toward a moderate gain on Thursday after the index emerged unscathed from another batch of third-quarter corporate earnings reports. The stable earnings helped fortify the Dow against more dismal manufacturing data, which could spur more Federal Reserve interest rate cuts but may also presage an economic slowdown or even a full-blown recession.…

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