Japan intervenes to prop up the yen for first time in 24 years

Japan tried to shore up the value of its currency Thursday for the first time in 24 years by buying yen to prevent it weakening further against the US dollar.

News: What you need to know about the markets     Japan intervenes to prop up the yen for first time in 24 years Japan tried to shore up the value of its currency Thursday for the first time in 24 years by buying yen to prevent it weakening further against the US dollar. Read more »   Rising mortgage rates hit home builders as buyers pull back Prospective home buyers are getting hit by a double whammy of bad news: Prices remain prohibitively high for many consumers, largely due to low supply. Mortgage rates have also skyrocketed to their highest level in 14 years. Read more »   Tesla recalls 1.1 million cars for windows that can 'pinch' Tesla said it has spotted a flaw in 1.1 million cars' windows that could pinch occupants while closing. Read more »   Jerome Powell is heading into the 'danger zone' When the Federal Reserve started hiking interest rates to combat decades-high inflation, Chair Jerome Powell stressed that the central bank could increase borrowing costs without inflicting too much damage on the economy. Read more »   Walmart isn't waiting for Black Friday. It's ready for holiday shoppers now Halloween is still a month away, but Walmart is ready for Christmas. Read more »   Hong Kong stocks hit an 11-year low after historic Fed rate hike Hong Kong stocks hit their lowest level in more than a decade Thursday and other Asian markets also fell after the US Federal Reserve raised rates by 75 basis points and forecast even more hikes ahead, fueling concerns about a recession. Read more »

Dow Nasdaq S&P -107.10   -153.39   -31.94 30,076.68   11,066.81   3,757.99 -0.35%   -1.37%   -0.84% YTD -17.23%   YTD -29.26%   YTD -21.15%

Biggest Winners Eli Lilly and Co +4.85%   Merck & Co Inc +3.53%   Bristol-Myers Squibb Co +2.63%   Lennar Corp +1.99% Biggest Losers Ball Corp -8.66%   Factset Research Systems Inc -8.29%   MGM Resorts International -6.62%   Live Nation Entertainment Inc -4.99%

Hottest ETF NYSE Market Volume

Key Market Stats Latest Today's Change Oil $83.53 +0.59 / +0.71% Gold $1,679.90 +4.20 / +0.25% 10-yr 3.71% +0.20 Euro $0.98 +0.00 / +0.03%

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