Equities took a dip on Friday while the dollar gained ground and Treasury yields climbed as investors bet on a more hawkish-than-expected Federal Reserve response to a strong US jobs report with employers hiring more workers than expected in November and raising wages despite recession worries. The US Labor Department reported that nonfarm payrolls increased … Read more
U.S. stocks closed lower on Wednesday, with indexes volatile after minutes from the Federal Reserve’s meeting in July suggested policymakers may be less aggressive than previously thought when they raise interest rates in September. Major indexes sharply cut their losses after the release of the minutes, with the Dow briefly turning positive, before they returned … Read more
Wall Street’s main indexes slipped at the open on Tuesday as a dismal forecast from Micron Technology dragged chip stocks lower, while investors remained cautious ahead of inflation data that will feed into the U.S. Federal Reserve‘s rate-hike plans. The Dow Jones Industrial Average fell 25.18 points, or 0.08%, at the open to 32,807.36. The … Read more
New York: Wall Street stocks mostly fell Tuesday as markets awaited a key Federal Reserve decision and digested another report showing elevated inflation. Major indices had opened with modest gains but weakened thereafter as investors pondered the likelihood that the Fed would announce a 0.75-percentage-point interest rate increase on Wednesday instead of the telegraphed 0.5-percentage-point … Read more
US stock indexes dropped on Monday, with the S&P 500 on course to confirm a correction as the prospect of a Russian attack on Ukraine posed as a double whammy for investors already worried about aggressive policy tightening by the Federal Reserve. A correction is confirmed when an index closes 10 per cent or more … Read more
A number of large block trades on Friday, which investors said caused big drops in the stocks of a clutch of companies, were linked to the Archegos Capital investment fund, a source familiar with the situation said, with the moves raising worries about volatile trading in the coming days. Shares in ViacomCBS and Discovery tumbled … Read more
The S&P 500 and Dow dropped on Thursday as investors worried about another round of business shutdowns to contain a surge in coronavirus cases and began to shift their focus to earnings, while the Nasdaq hit another record closing high. The United States saw more than 60,000 new COVID-19 infections on Wednesday, setting a single-day … Read more