S&P 500 Index

Financial instability as the main market risk: Wells Fargo

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Financial instability as the main market risk: Wells Fargo

A major Wall Street firm ranks financial instability over inflation as the biggest economic risk for the next three months. In an interview following the Federal Reserve’s quarter-point interest rate hike, Michael Schumacher of Wells Fargo Securities suggested that policymakers are underestimating how rapidly tightening credit conditions could hurt the economy. “The Fed doesn’t really … Read more

Stock market today: live updates

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Stocks were flat on Wednesday as Wall Street braced for the Federal Reserve’s first potential rate hike since the recent fallout in the banking sector. THE Dow Jones Industrial Average fell 22 points, or 0.07%. THE S&P500 fell by 0.10%, while Nasdaq Compound fell by 0.07%. The major averages posted solid gains in the previous … Read more