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Wall St turns bullish ahead of inflation data, Fed action Wall Street stocks, oil prices and U.S. Treasury yields all rose on Monday as investors took an optimistic stance ahead of the last round of transatlantic central bank interest rate hikes this year, hoping that the now-hefty pace of increases in borrowing costs will finally slow. The Dow Jones Industrial Average was up nearly 1.6%, the S&P 500 gained 1.4%, and the Nasdaq Composite rose about 1.25%. Boosting the indexes was a nearly 3% rise in shares of Microsoft Corp, following the sof...
Wall St turns bullish ahead of inflation data, Fed action
Wall St turns bullish ahead of inflation data, Fed action
Source: Reuters
13/12/2022 9:14:43 AM
Dollar gains, stocks slip as Fed officials talk tough on rates The dollar rose and equity markets slid on Thursday after hawkish remarks from Federal Reserve officials reminded investors a less aggressive monetary policy is unlikely with U.S. employment data still showing a tight labor market. Nagging recession and higher interest rate worries also rattled European markets, and the pound tumbled as Britain hoped to put its disastrous recent fiscal experiment behind it with a more austere-looking budget. Markets fell in Eueope, as early optimism abo...
Dollar gains, stocks slip as Fed officials talk tough on rates
Dollar gains, stocks slip as Fed officials talk tough on rates
Source: Reuters
18/11/2022 9:23:17 AM
Global shares rise, U.S. dollar falls after strong jobs data Global shares rose on Friday and the U.S. dollar fell, after jobs data came in stronger than expected but also hinted at some slack in the tight American labor market, raising hopes the Federal Reserve might ease up on monetary tightening. Data from the U.S. Bureau of Labor Statistics showed the economy generated 261,000 jobs in October. That was higher than an estimate of 200,000, according to a Reuters poll of economists, but it also showed unemployment rising to 3.7% from 3.5% in Septem...
Global shares rise, U.S. dollar falls after strong jobs data
Global shares rise, U.S. dollar falls after strong jobs data
Source: Reuters
5/11/2022 9:57:07 AM
Wall Street ends red, Treasury yields climb on dour guidance and looming recession fears Wall Street closed lower on Wednesday, marking the end of a multi-session rally, and Treasury yields spiked as gloomy data and downbeat corporate outlooks tossed cold water on investor risk appetite. All three major U.S. stock indexes lost ground, while the benchmark Treasury yield shot up to touch a new 14-year high. "It's partly a pause after the rally, some concern over higher-than-expected inflation in great Britain, and some companies expressing caution about the outlook g...
Wall Street ends red, Treasury yields climb on dour guidance and looming recession fears
Wall Street ends red, Treasury yields climb on dour guidance and looming recession fears
Source: Reuters
20/10/2022 9:16:04 AM
US stocks suffer longest losing streak since Great Depression US stocks are on their longest losing streak since the Great Depression by at least one key measure. The Standard & Poor's 500 index fell as much as 2.3 per cent on Friday, leaving it 21 per cent below the all-time high that it reached in January and essentially ending a bull market run that began in March 2020, RT reported. The S&P is considered the most accurate measure of US stock market performance, as it's broader-based than the 30-member Dow Jones Industrial Averag...
US stocks suffer longest losing streak since Great Depression
US stocks suffer longest losing streak since Great Depression
Source: IANS
22/05/2022 9:04:02 AM
Global stock markets fall amid concern over rising prices Stock markets in Asia and the US have fallen over concerns that rising prices could send the global economy into a slowdown, BBC reported. The US shares saw their biggest one-day drop since 2020 after downbeat earnings reports from some of America's biggest retailers. Target said unexpectedly high fuel and freight costs had cut into profits, which halved compared with a year ago. That followed a similarly downbeat update from rival Walmart earlier, BBC reported. Japan's be...
Global stock markets fall amid concern over rising prices
Global stock markets fall amid concern over rising prices
Source: IANS
19/05/2022 12:14:42 PM
Wall Street pushes Treasury yields, stocks higher BOSTON/LONDON - U.S. stocks regained ground on Tuesday, while Treasury yields climbed higher and oil dipped, as investors adjusted their expectations for rate hikes following hawkish comments from the U.S. Federal Reserve. The Dow Jones Industrial Average rose 281.07 points, or 0.81%, to 34,834.06; the S&P 500 gained 27.59 points, or 0.62%, to 4,488.77; and the Nasdaq Composite added 87.88 points, or 0.64%, to 13,926.34. Stocks gaining included banks potentially benefiting from high...
Wall Street pushes Treasury yields, stocks higher
Wall Street pushes Treasury yields, stocks higher
Source: Reuters
22/03/2022 8:34:15 PM
Nasdaq falls into correction territory after 10% drop from record highs The US stock market fell on Friday as the sell-off in tech stocks intensified after Netflix posted lacklustre earnings -- with the Nasdaq Composite falling deeper into correction territory and posting its worst week since 2020, Forbes reported. The Dow Jones Industrial Average fell 1.3 per cent, around 450 points, while the S&P 500 lost 1.9 per cent, and the tech-heavy Nasdaq Composite fell 2.7 per cent. The Nasdaq fell further into correction territory -- over 10 per cent from its ...
Nasdaq falls into correction territory after 10% drop from record highs
Nasdaq falls into correction territory after 10% drop from record highs
Source: IANS
22/01/2022 6:55:37 PM
Investors scratch out stock gains while weighing covid concerns WASHINGTON -Investors managed to shrug off new concerns about China's economy, the coronavirus Delta variant and turmoil in Afghanistan to largely drive stocks higher while also boosting some more defensive investments. Wall Street rebounded after early losses on Monday to see two of its three major indices close higher, with the S&P 500 posting a new record high. The tech-heavy Nasdaq was the only index to end the day lower. The Dow Jones Industrial Average rose 110.02 poi...
Investors scratch out stock gains while weighing covid concerns
Investors scratch out stock gains while weighing covid concerns
Source: Reuters
17/08/2021 8:48:15 AM
Treasury yields rise, U.S. stocks hit new highs; dollar weakens NEW YORK - Treasury yields extended their rise on Friday while the three major U.S. stock indexes rallied to record closing highs, as markets relaxed a bit from fears of a slowing pace of economic recovery from COVID-19 that dominated trading for much of the week. In currencies, the safe-haven yen weakened 0.32% versus the greenback at 110.14 per dollar, while the dollar index fell 0.205%, and the euro edged up 0.24% to $1.1871. Signs of risk relief were tempered, however, as spot gold,...
Treasury yields rise, U.S. stocks hit new highs; dollar weakens
Treasury yields rise, U.S. stocks hit new highs; dollar weakens
Source: Reuters
10/07/2021 8:49:29 AM
Dow hits record, cyclicals rise on jobless claims data The Dow Jones Industrial Average hit a record high on Thursday, bolstered by an upbeat weekly jobless claims report, while shares of vaccine makers fell after President Joe Biden backed plans to waive patents on COVID-19 shots. Lifted by Apple Inc, the S&P 500 rose after a Labor Department report showed initial claims for state unemployment benefits totaled a seasonally adjusted 498,000 for the week ended May 1 compared with 590,000 in the prior week. Investors were awaiting a more ...
Dow hits record, cyclicals rise on jobless claims data
Dow hits record, cyclicals rise on jobless claims data
Source: Reuters
7/05/2021 12:10:06 PM