Month: May 2022

By DAMIAN J. TROISE and STAN CHOE AP Business Writers NEW YORK (AP) — Wall Street rumbled to the edge of a bear market Friday after another drop for stocks briefly sent the S&P 500 more than 20% below its peak set early this year. The S&P 500 index, which sits at the heart of

By STAN CHOE and ALEX VEIGA AP Business Writers NEW YORK (AP) — The stock market’s slump this year briefly pulled the S&P 500 into what’s known as a bear market Friday, before a late rally put the index in the green. Rising interest rates, high inflation, the war in Ukraine and a slowdown in

By DAMIAN J. TROISE and STAN CHOE AP Business Writers NEW YORK (AP) — The stock market clawed back from a midday drop Friday after coming to the edge of its first bear market since the beginning of the pandemic. The S&P 500 ended 18.6% below the record high it set in early January. A

By KEVIN McGILL Associated Press NEW ORLEANS (AP) — A divided federal appeals court panel in New Orleans says a hedge fund manager fined by the Securities and Exchange Commission was unconstitutionally denied his right to a jury trial. The 2-1 ruling handed down by the 5th U.S. Circuit Court of Appeals says the case