OLIVER PURSCHE
Asian stocks mixed as dollar up on Trump-win bets: Markets wrap
Asian stocks show mixed reactions to Trump's assassination attempt. US dollar rises, while S&P 500 contracts remain stable. Bitcoin reaches $60,000. Analysts discuss potential market implications and focus shifts to China's key rate decision.
Nasdaq, S&P 500 rise with Apple; investors await inflation report, Fed decision
The S&P 500 and Nasdaq, buoyed by Apple's surge, await the Fed's update. Positive market sentiment follows a strong U.S. jobs report. General Motors' shares rise on the announcement of a $6 billion buyback plan.
US stocks end sharply higher, jobs data strengthens case for rate cuts
All three indexes notched their second straight Friday-to-Friday gains, capping a week in which markets were encouraged by Fed Chair Jerome Powell's more dovish-than-expected statements following Wednesday's rate decision.
US quarterly earnings to feature big growth in tech-related companies
Big technology-related company earnings are expected to again lead S&P 500 profit growth in the upcoming U.S. reporting period, which could refuel optimism for stocks after a weak start to April.
Fed seen waiting until September to cut rates
U.S. short-term interest-rate futures plunged after the report, which showed the core consumer price index rose 0.4% in March from a month earlier, and overall inflation accelerated to 3.5% from a year earlier, up from 3.2% in February. The Fed targets 2% inflation.
S&P 500 posts record high finish as Oracle jumps, traders keep rate-hike bets
Shares of Oracle reached a record high, a day after it reported upbeat quarterly results and said it is set to make a joint announcement with chip-giant Nvidia.
- Go To Page 1
Wall Street ends lower after Fed holds rates steady, rules out March rate cut
U.S. stocks tumbled on the last trading day in January after the Federal Reserve held interest rates steady while dashing hopes for interest rate cut as soon as March.
Wall Street ends slightly lower, capping blockbuster year
The stock market has seen remarkable upward momentum in the closing months of the year, powering all three major indexes to monthly, quarterly and annual gains.
US stock market: Wall Street ends slightly higher after mixed Fed statements
All three major U.S. stock indexes lost momentum as the session progressed, but ended the range-bound session in the green.
US stock market: Wall Street ends sharply higher, powered by earnings momentum; Fed eyed
Investors have shown "less pessimism," Pursche added. "First- and second-quarter calls had a more negative tone. There was anxiety over interest rates, Fed policy, the recession that never came."
US stocks end down as Treasury yields surge, Powell speaks
USA-STOCKS/ (UPDATE 6)US STOCKS-Wall St ends down as Treasury yields surge, Powell speaks
US stock market: Nasdaq leads Wall St rebound after weaker-than-expected data
The ADP National Employment Report was cheered by investors worried about rising interest rates and the likelihood that the Federal Reserve may need to keep rates higher for longer.
Dow, S&P 500 fall with Disney; PacWest leads regional banks lower
Shares of Walt Disney Co fell 8.7% on Thursday after the company reported that total subscribers to its flagship Disney+ service decreased, dragging down the Dow and the S&P 500. Meanwhile, PacWest Bancorp led declines in regional banks after reporting a decrease in deposits, reviving concerns over the industry's health. The Nasdaq was lifted, however, by shares of Alphabet Inc, which rose 4.3% as Google unveiled more artificial intelligence products. The energy sector fell along with declining oil prices, while the U.S. Federal Deposit Insurance Corporation said 113 of the country's largest lenders will bear the cost of replenishing the $16bn in coverage provided during the crisis.
US stock market: Wall Street ends mixed with inflation data, earnings on tap
Economically sensitive transports, semiconductors , small-caps and industrials outperformed the broader market, hinting that the economy is sturdy enough to withstand further rate increases from the Federal Reserve.
Wall St fluctuates as investors weigh jobs report, earnings on tap
Among the 11 major sectors of the S&P 500, communication services and technology suffer the largest percentage losses.
Wall Street ends green on bank bounce as Fed takes focus
Shares of First Republic Bank soared by 29.5%, the company's biggest-ever one-day percentage jump as JPMorgan CEO Jamie Dimon leads talks with other big banks aimed at investing in the lender, according to the Wall Street Journal.
Wall Street ends sharply lower on bank contagion fears
SVB Financial Group announced it would seek Chapter 11 bankruptcy protection, the latest development in an ongoing drama that began last week with the collapse of Silicon Valley Bank and Signature Bank, which sparked fears of contagion throughout the global banking system.
US data brings some encouraging signs for inflation-weary Fed
With the U.S. central bank almost certain to lift its benchmark overnight interest rate by 75 basis points to the 3.75%-4.00% range at its Nov. 1-2 policy meeting, investors are now focused on what's coming in December and early 2023.
Global Markets: Wall Street rallies on economic data, crude falls as stockpiles jump
Economic data showed an unexpected acceleration of services activity and a robust increase in factory orders, suggesting that the economy was healthy enough to withstand the hawkish monetary policy from the U.S. Federal Reserve.
S&P 500, Dow close lower after bank earnings, inflation data
"There was an irrational response to the JPMorgan and Morgan Stanley results," said Jay Hatfield, chief executive and portfolio manager at InfraCap in New York. "It wasn't a surprise that investment banking was weak."
S&P 500 closes the book on its steepest first-half slide since 1970
"All year it's been a tug-of-war between inflation and slowing growth, balancing tightening financial conditions to address inflation concerns but trying to avoid outright panic," said Paul Kim, chief executive officer at Simplify ETFs in New York. "I think we are more than likely already in a recession and right now the only question is how harsh will the recession be?"
Wall Street rallies on back of big tech, banks
The Dow Jones Industrial Average rose 618.34 points, or 1.98%, to 31,880.24, the S&P 500 gained 72.39 points, or 1.86%, to 3,973.75 and the Nasdaq Composite added 180.66 points, or 1.59%, to 11,535.28.
Wall Street rallies, weekly losing streak continues
Gains were led by a rebound in megacap tech and tech-adjacent stocks, which sold off in recent sessions as benchmark Treasury yields climbed and investors worried the Fed might hike interest rates more aggressively than expected.
Tesla dips after Elon Musk sheds $5 billion in shares
The electric-car maker's stock ended the session down 0.4% at $1,063.51 after tumbling earlier in the week.
S&P 500, Dow gain amid inflation concerns, debt ceiling debate
Boeing Co provided the biggest lift to the Dow following China's aviation regulator's successful 737 MAX test. The planemaker's shares rose 3.2%.
Wall Street ekes out gains to close languid week
The Nasdaq gained the most among the three major indexes, while the bellwether S&P 500 squeaked its way to a second straight record closing high.
Dow Jones, S&P 500 languid as meme stock frenzy hogs spotlight
Shares of the iPhone maker rose 1.9% after sources told Reuters the firm was in early-stage talks with China's CATL and BYD about the supply of batteries for its planned electric vehicle.
‘Unprecedented’: Wall Street ponders Goldman’s block-trade spree
Several major investment banks with ties to hedge fund Archegos Capital Management LLC liquidated holdings, contributing to the slump in share prices of ViacomCBS and Discovery.
Dollar edges lower as investors favor higher-risk currencies
Risk appetite was stoked by better-than-expected economic data and expectations that U.S. President Joe Biden's proposed $1.9 trillion coronavirus relief package will come to fruition.
Load More
