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Stan Choe

Stan Choe

Fortune

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The Dow topped 40,000 for the first time, but the S&P 500 is thrashing the blue-chip index. Here's why

The S&P 500's 27.5% rise for the last 12 months easily tops the 19.7% gain for the Dow.

18.05.2024 20

Fortune

Stan Choe

Dow slams milestone 40,000 after Walmart announced blockbuster profits

The Dow rose 10,000 points in about three and a half years, as the U.S. economy and corporate profits crawled out of the crash caused COVID-19.

16.05.2024 40

Fortune

Stan Choe

‘The lower income consumer in the U.S. is stretched’: Pepsi’s CEO isn’t the only executive worried about the economy

“As you know, the consumer is under pressure, especially the lower income households,” Tyson's Chief Growth Officer Melanie Boulden said.

10.05.2024 30

Fortune

Stan Choe

Wall Street cheers uptick in layoffs as S&P 500 rises within 1% of its record high

The Dow gained 331.37, or 0.8%, and the Nasdaq added 43.51, or 0.3%.

10.05.2024 70

Fortune

Stan Choe

‘This is potentially once in a generation’: AT&T marketing head says Caitlin Clark is a ‘big deal’ for women’s sports

"It’s not this nascent, small little niche fan base for women’s basketball," says Kellyn Smith Kenny of AT&T. "The appeal is broadening."

01.04.2024 20

Fortune

Stan Choe

Trump probably can’t get his hands on his $3 billion-plus Truth Social windfall right away

Trump faces a $454 million judgment in a fraud lawsuit, among other financial burdens. But he cannot sell his stock easily for at least six months.

22.03.2024 7

Fortune

Stan Choe

Steve Mnuchin’s at it again: From ‘Mad Max’ and ‘The Lego Movie’ to TikTok and a wobbling community bank

The former Treasury Secretary's deal-making past straddles the world of Hollywood, entertainment and finance.

16.03.2024 10

Fortune

Stan Choe

The S&P 500 just set its 16th all-time high of the new year

The index is on track for its 17th winning week in the last 19 after erasing the last of its losses from Monday and Tuesday.

08.03.2024 40

Fortune

Stan Choe

Mnuchin to the rescue as commercial real estate loan victim NYCB secures over $1 billion lifeline

The deal will bring four new directors to NYCB's board, including Steven Mnuchin, the Treasury secretary under President Donald Trump.

07.03.2024 20

Fortune

Stan Choe

2 of the world’s biggest economies have slumped into recession

Several unique characteristics of the U.S. economy have sheltered it from recessionary storms, analysts say.

16.02.2024 60

Fortune

Stan Choe

Stocks set another record as S&P 500 closes at all-time high of 5,029.73

The Dow Jones Industrial Average gained 348.85, or 0.9%, to 38,773.12, and the Nasdaq composite climbed 47.03, or 0.3%, to 15,906.17.

16.02.2024 60

Fortune

Stan Choe

Nvidia, DaVita drive S&P 500 gains that covered steep losses from yesterday

The Russell 2000 index rose 2.4% after taking hard hits only a day ago.

15.02.2024 10

Fortune

Stan Choe

Wall Street's winning streak shattered on 'sticky' inflation data as Dow falls over 500 points from record high

The hotter-than-expected inflation report may have put the final nail into hopes that the first cut could arrive in March.

14.02.2024 30

Fortune

Stan Choe

S&P 500 winning streak continues as index finishes above 5,000 for the first time

The S&P 500 just set its 10th record in less than a month and closed its 14th winning week in the last 15.

10.02.2024 30

Fortune

Stan Choe

S&P 500 briefly tops 5,000 for first time ever

The S&P 500 inched up by 2.85 points, to 4,997.91. The Dow also set an all-time high after edging up by 0.1% to 38,726.33.

09.02.2024 30

Fortune

Stan Choe

Stocks' record highs persist as the S&P 500 flirts with hitting 5,000 for the first time ever

The latest show of strength came from a report indicating fewer workers applied for unemployment benefits last week than expected

08.02.2024 20

Fortune

Stan Choe

Stocks rise on Wall Street ahead of a big week for Big Tech earnings

Big Tech stocks are the main reason the S&P 500 has soared more than 35% to a record, and five of the "Magnificent Seven" report this week.

30.01.2024 3

Fortune

Stan Choe

Stock market near record highs as S&P 500 sets record 5 days in a row

Inflation is cooling and the economy is growing.

26.01.2024 10

Fortune

Stan Choe

Wall Street claws back some of the week's losses with Big Tech leading the way

Big Tech stocks included a 2.9% climb for Apple, while Fastenal jumped 5.9% for the biggest gain in the S&P 500 after a surprise earnings beat.

19.01.2024 10

Fortune

Stan Choe

Wall Street is close to all-time highs as the S&P and Dow surge amid more dovish moves by Japan's central bank

The S&P 500 was 0.4% higher in midday trading, just 0.8% shy of its record set nearly two years ago, while the Dow was up 182 points.

19.12.2023 6

Fortune

Stan Choe

Fed's signal of rate cuts in 2024 sends Dow Jones index soaring to a new record high above 37,000

The Dow jumped 512 points, or 1.4%, to top 37,000 and surpass its prior peak of 36,799.65 set at the start of last year.

14.12.2023 20

Fortune

Stan Choe

Wall Street surges on cool inflation report, with S&P 500 rising to highest level in 2 months

"Ain’t no reason to believe the last inflation mile will be the most difficult," said EY Chief Economist Gregory Daco.

14.11.2023 10

Fortune

Stan Choe

Wall Street suddenly swoons on mixed earnings and a sharp jump in the oil price overnight after the Gaza hospital explosion

The S&P 500 was 0.8% lower in midday trading. The Dow was down 171 points, or 0.5%, as of 11 a.m. ET, and the Nasdaq composite was 1% lower.

18.10.2023 7

Fortune

Stan Choe

Vivid Seats' 'geriatric millennial' CEO breaks down how he sees Gen Z's spending, 'FOMO-esque' events and his urge to see Guns 'N Roses

"We are now past any point of potential pent-up demand release," Stan Chia says. "What we’re really into is secular trends of the industry."

16.10.2023 4

Fortune

Stan Choe

The war in Israel is sending oil prices soaring already in Monday trading

The area under conflict is not home to major oil production, but fears over the impact sent U.S. oil up 4.2% to $86.23, while brent crude rose 4% to...

09.10.2023 8

Fortune

Stan Choe

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