Wall Street‘s main indexes slipped on Friday as a higher-than-expected rise in monthly producer prices fanned fears that the Federal Reserve could stick to aggressive interest rate hikes for longer. Producer prices climbed 7.4% last month on an annual basis, the Labor Department’s report showed, compared with economists’ expectations of a 7.2% increase. The rise … Read more
Wall Street‘s main indexes opened higher on Thursday following a recent selloff, sparked by renewed fears that aggressive rate hikes by the US Federal Reserve could tip the world’s largest economy into recession. The Dow Jones Industrial Average rose 98.05 points, or 0.29%, to 33,695.97 at the open. The S&P 500 opened higher by 13.87 … Read more
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
Wall Street gave up gains made earlier on Thursday as a contraction in manufacturing activity last month clouded data showing a mild easing in inflation and solid consumer spending, while a fall in Salesforce shares dragged the Dow lower. US manufacturing activity shrank for the first time in 2-1/2 years in November as higher borrowing … Read more
Wall Street was mixed on Wednesday, with the Dow and S&P 500 down ahead of comments from Federal Reserve Chair Jerome Powell later in the day, while Tesla shares were among top boosts to the Nasdaq after the company’s sales in China nearly doubled. Powell’s speech will be closely watched for signs of a slowdown … Read more
The Nasdaq opened higher on Tuesday, as Tesla led gains among beaten-down growth shares, amid some hopes that public unrest in China could lead to a quicker easing of Covid-19 curbs by its government. The Dow Jones Industrial Average fell 1.7 points at the open to 33847.8. The S&P 500 fell 0.3 points, or 0.01%, … Read more
Wall Street‘s main indexes opened lower on Monday as protests in major Chinese cities against strict Covid-19 policies reignited concerns about economic growth, while Apple slipped on a report of disruption in production at a factory in China. The Dow Jones Industrial Average fell 71.1 points, or 0.21%, at the open to 34,275.91. The S&P … Read more
Wall Street‘s main indexes rose on Wednesday as growth stocks gained after a mixed bag of economic data led to a drop in Treasury yields, while investors awaited minutes from the Federal Reserve’s last policy meeting. Heavyweight stocks including Apple Inc Microsoft Corp, Amazon.com Inc and Meta Platforms Inc rose between 0.4% and 0.7%. Tesla … Read more
Wall Street‘s main indexes opened higher on Tuesday, with gains in shares of Walgreens and Best Buy helping investors assuage worries around the economic fallout from stricter COVID-19 curbs in China. The Dow Jones Industrial Average rose 109.8 points, or 0.33%, at the open to 33810.05. The S&P 500 rose 15.6 points, or 0.39%, at … Read more