Big technology stocks tumbled again on Tuesday, continuing the Icarus-like flight path for companies that just a week ago were the high-flyers carrying Wall Street to record heights.
Investors rode out another turbulent day on Wall Street that kept stock indexes flipping between gains and losses until a late-day bounce gave the market a modest gain. Local analysts weigh in on what it all means for consumers.
The Federal Reserve hikes its benchmark interest rate for the fourth time this year, by one-quarter of 1 percent to 2.5 percent. We discuss the outlook for the markets and the economy.
A market that has grown used to cheap money over the past decade is becoming increasingly concerned that the Federal Reserve will aggressively raise benchmark interest rates.
Federal Reserve Chair Janet Yellen said the Fed may start raising rates around six months after quantitative easing—ahead of what experts were expecting. We take a closer look at how the markets react to her comments at her first live press conference, and how her first policy meeting may affect the economy. Read an article, watch Yellen’s full press conference, and read a transcript of her remarks.