Wall Street

Hopes of a brief end to the Iran war have buoyed markets, but policy is volatile

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Stock market board showing Doe Jones and other green and red stocks next to the US flag.

If you woke up today and heard someone say that Wall Street’s tech sector was up more than 3 percent overnight, you’d expect it to be immediately followed by “April Fools’ Day.” But no, American stocks rose overnight, with the Dow Jones Industrial Average jumping 1,125 points on Tuesday. The benchmark S&P 500 gained 2.9 … Read more

While low-income consumers struggle with rising gas prices, high-income earners panic when markets drop

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While low-income consumers struggle with rising gas prices, high-income earners panic when markets drop

High oil prices due to the US-Iran war are straining already strapped low-income consumers. But as rates fall, there is a sign that high earners are also starting to feel the heat. Internal data from Bank of America on credit and debit card usage revealed that from the start of the war through March 21, … Read more