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Inflation punches Wall Street again, ending knock-down quarter Wall Street and global stocks slumped further on Friday, with government bond yields and the dollar holding near recent peaks, as higher-than-expected inflation capped a nasty third quarter for world markets. Fresh personal consumption expenditures (PCE) price index data, tracked by the U.S. Federal Reserve as it considers more interest rate hikes, showed a rise of 0.3% last month after dipping 0.1% in July. Euro zone inflation also hit a record high of 10% in September, surpassing forecas...
Inflation punches Wall Street again, ending knock-down quarter
Inflation punches Wall Street again, ending knock-down quarter
Source: Reuters
1/10/2022 9:13:45 AM
September, historically, the worst month of the year for the US stock market September, which begins on Thursday, is historically the worst month of the year for the US stock market. The Dow and S&P 500 and fell sharply in September last year and in 2020, even though the broader market rallied in both years. That doesn't mean stocks are doomed to finish this September in the red, of course. Stocks rallied in each of the three Septembers prior to the pandemic. But here's another potentially ominous sign: This is a midterm election year. The Dow has fa...
September, historically, the worst month of the year for the US stock market
September, historically, the worst month of the year for the US stock market
Source: IANS
29/08/2022 8:43:04 AM
US markets end in red as consumer price growth exceeds estimates The US markets ended in red on Wednesday, magnifying their recent session’s losses as a Labor Department report showing a bigger than expected increase in US consumer prices added to concerns about the outlook for interest rates. The Labor Department said its consumer price index shot up by 1.3 percent in June after jumping by 1.0 percent in May. Street had expected consumer prices to leap by 1.1 percent. With the bigger than expected monthly surge, the annual rate of consumer price gro...
US markets end in red as consumer price growth exceeds estimates
US markets end in red as consumer price growth exceeds estimates
Source: Accord Fintech
14/07/2022 9:40:33 AM
After terrible first half, 2022 may bring more bad news for US markets US markets are beginning to fear that they are not even halfway through the bad news the year 2022 has in store, media reports said. The first six months were full of surprises: Inflation, the biggest selloff in bonds in four decades, a plunge in tech stocks rarely matched in history, and the implosion of crypto, the Wall Street Journal reported. The looming risk that investors ignored for months is recession. But whether the economy will slump or be just fine remains unknown. Attempts ...
After terrible first half, 2022 may bring more bad news for US markets
After terrible first half, 2022 may bring more bad news for US markets
Source: IANS
3/07/2022 9:23:21 AM
Stocks slide, long-dated yields rise on inflation concerns NEW YORK - Long-dated U.S. Treasury yields surged and global stock markets slid further on Friday as investors worried the Federal Reserve may not be able to curb inflation in the years ahead even as U.S. data showed decelerating wage growth in April.
Stocks slide, long-dated yields rise on inflation concerns
Stocks slide, long-dated yields rise on inflation concerns
Source: Reuters
7/05/2022 10:49:06 AM
ADS delisting for simplification, Indian bourses provide adequate liquidity: Vedanta Anil Agarwal's Vedanta Ltd on Friday said that its decision to delist American depositary shares (ADS) from NYSE is aimed at simplification, triggered by the low trading volumes in the security that doesn't justify the concomitant costs and related statutory obligations. On Thursday, Agarwal had announced Vedanta's decision to delist its ADS and concentrate all trading of shares on Indian bourses -- the BSE and NSE. "The Vedanta share is extremely liquid on Indian bours...
ADS delisting for simplification, Indian bourses provide adequate liquidity: Vedanta
ADS delisting for simplification, Indian bourses provide adequate liquidity: Vedanta
Source: IANS
25/09/2021 9:24:30 AM
Retailers set for earnings stage after inflation-sparked market turbulence NEW YORK - Earnings reports from major retailers will be in focus next week after the U.S. stock market suffered one of its biggest pullbacks in months, with investors looking for clues on the pace of inflation and consumer spending and whether companies can sustain their strong earnings momentum. The S&P 500 fell 4% from Monday through Wednesday, the biggest three-day swoon for the benchmark index since late October, after several months of largely calm and steady increases to re...
Retailers set for earnings stage after inflation-sparked market turbulence
Retailers set for earnings stage after inflation-sparked market turbulence
Source: Reuters
15/05/2021 10:26:33 AM
S&P 500 and Dow end session at record highs The S&P 500 and Dow Jones Industrial Average closed at a record highs on Monday, as investors eyed an economic recovery from the coronavirus and awaited cues from the Federal Reserve this week amid caution over rising borrowing costs. In a concrete sign that the worst of the damage from the coronavirus pandemic may be over for the airline industry, Delta Air Lines, Southwest Airlines and JetBlue Airways said leisure bookings were rising. Gains in the major indexes accelerated near t...
S&P 500 and Dow end session at record highs
S&P 500 and Dow end session at record highs
Source: Reuters
16/03/2021 8:45:57 AM
U.S. stocks close mixed as Dow notches fifth straight record high NEW YORK - The blue-chip Dow powered to its fifth consecutive record high on Friday and the S&P 500 closed slightly higher as investors bought shares that should benefit from a strong reopening of the U.S. economy, an outlook signaled by rising yields in the bond market. The tech-heavy Nasdaq tumbled after rebounding more than 6% over the past three sessions as the rising bond yields revived inflation worries and dulled the appeal of high-growth technology shares. The S&P 500 an...
U.S. stocks close mixed as Dow notches fifth straight record high
U.S. stocks close mixed as Dow notches fifth straight record high
Source: Reuters
13/03/2021 9:28:46 AM