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Wall Street

Wall Street Lower on Fears of Aggressive Fed Rate Hikes

Wall Street ended sharply lower on Thursday after U.S. consumer prices data came in hotter than expected and subsequent comments from a Federal Reserve official raised fears the U.S. central bank will hike rates aggressively to fight inflation. U.S. Labor Department data showed consumer prices surged 7.5% last month on a year-over-year basis, topping economists’ …

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Global Markets Wall Street

Wall Street Ends Flat as Vaccine Optimism, Fed Tapering Lead Sentiments

Wall Street closed slightly higher on Wednesday with the three major indexes managing their third straight day of gains after test data showed the COVID-19 vaccine from Pfizer and BioNTech offered some protection against the new Omicron variant. Pfizer and BioNTech said their three-shot course of the vaccine was able to neutralize the Omicron variant …

Wall Street Ends Flat as Vaccine Optimism, Fed Tapering Lead Sentiments Read More »

Wall Street Nasdaq S&P 500

Wall Street Rallies as S&P 500, Nasdaq Holds 7th Straight Record-high close.

Wall Street’s benchmark indices scored record closing highs on Friday and booked solid gains for the week following a strong U.S. jobs report and positive data for Pfizer’s experimental pill against COVID-19. The S&P 500 and the Nasdaq notched record-high closes for their seventh straight sessions, while the Dow Jones Industrial Average also closed at …

Wall Street Rallies as S&P 500, Nasdaq Holds 7th Straight Record-high close. Read More »

Wall street Dow

Wall Street Closes Higher Backed by Growing Optimism Over U.S. Debt-Ceiling Deal

Wall Street ended higher on Wednesday as investors grew more optimistic that congressional Democrats and Republicans could reach a deal to avert a government debt default. Top U.S. Senate Republican Mitch McConnell said his party would support an extension of the federal debt ceiling into December. This would head off a historic default that would …

Wall Street Closes Higher Backed by Growing Optimism Over U.S. Debt-Ceiling Deal Read More »

Wall Street Dow Nasdaq

Wall Street Gains 0.1%, Investors Brace for Inflation, Tapering Impact

Wall Street ended firmer on Wednesday in a partial rebound from the previous day’s broad sell-off, with remarks from U.S. Federal Reserve Chairman Jerome Powell and the ongoing debt ceiling debate keeping a lid on gains. The S&P 500 index and the Dow Jones Industrial Average advanced, but the Nasdaq Composite closed lower as Treasury …

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Global Markets Wall Street

Wall Street Down Nearly 2% Amidst Piling Concerns on Treasury Yields and Inflation.

Wall Street stocks ended sharply lower on Tuesday in a broad sell-off driven by rising U.S. Treasury yields, deepening concerns over persistent inflation, and contentious debt ceiling negotiations in Washington. All three major U.S. stock indexes slid nearly 2% or more, with interest rate sensitive tech and tech-adjacent stocks weighing heaviest as investors lost their …

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Wall Street Dow Nasdaq

Wall Street Rebounds 1% Backed by Wednesday’s Fed Stance on Tapering

U.S. stocks on wall Street gained more than 1% on Thursday as investors appeared relieved about the Federal Reserve’s stance on tapering stimulus and raising interest rates. Upbeat outlooks from Accenture and Salesforce helped to bolster the market, while the U.S. Food and Drug Administration late Wednesday authorized a booster dose of the Pfizer-BioNTech COVID-19 …

Wall Street Rebounds 1% Backed by Wednesday’s Fed Stance on Tapering Read More »

Global Markets Wall Street

Wall Street Slumps as Markets Jittery Over Potential Collapse of China’s Evergrande

Wall Street fell in a broad sell-off on Monday, with the S&P 500 and Nasdaq suffering their biggest daily percentage drops since May, as fear of contagion from the potential collapse of China’s Evergrande drove investors out of equities in a flight for safety. The Nasdaq also hit its lowest level in about a month, …

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Wall Street Nasdaq S&P 500

Wall Street Extends Drops Ahead of the Long-Expected Corporate Tax Hikes, to 26.5%

Wall Street lost ground on Tuesday as economic uncertainties and the increasing likelihood of a corporate tax rate hike dampened investor sentiment and prompted a broad sell-off despite signs of easing inflation. Optimism faded throughout the trading session on wall street, reversing an initial rally following the Labor Department’s consumer price index report. All three …

Wall Street Extends Drops Ahead of the Long-Expected Corporate Tax Hikes, to 26.5% Read More »

Wall Street

Wall Street Extends Decline as Apple, Facebook Lead Big-Tech with 1% Drop

Wall Street ended lower on Wednesday, spooked by worries that the Delta coronavirus variant could blunt the economy’s recovery and on uncertainty about when the Federal Reserve may pull back its accommodative policies. Apple and Facebook fell about 1% after helping push the Nasdaq to record highs in the previous session. The dips in those …

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Wall Street Nasdaq S&P 500

Wall Street Mixed as Investors Uneasy Over Slow Economic Rebound in 2021.

Benchmark index of wall street, the S&P 500 closed lower on Tuesday while the Nasdaq edged up to a record high, as investors balanced worries about the slowing pace of economic recovery with expectations that the Federal Reserve will maintain its accommodative monetary policy. Amgen Inc fell 2.1% during trading on wall street and Merck …

Wall Street Mixed as Investors Uneasy Over Slow Economic Rebound in 2021. Read More »

Nasdaq Wall Street

Tech Lifts Nasdaq to Record Close but Wall Street Mixed on Jobs Report

The Nasdaq ended Friday at a new peak but the other main Wall Street indexes fell, reflecting the mixed sentiment stemming from a disappointing U.S. jobs report which raised fears about the pace of economic recovery but weakened the argument for near-term tapering. On the final day of trading before the Labor Day weekend, both …

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Global Markets Wall Street

Wall Street Posts Gains, Energy Stocks Lead with a 2.5% Jump & Job Claims Data Released

Wall Street benchmarks, the S&P 500 and Nasdaq eked out record finishes on Thursday, while the Dow also posted a modest gain, as higher commodity prices helped energy names recover ground and the latest jobs data left investors unfazed about existing positions. The energy sector rose 2.5%, reversing much of the loss suffered during the …

Wall Street Posts Gains, Energy Stocks Lead with a 2.5% Jump & Job Claims Data Released Read More »

Wall Street Nasdaq S&P 500

Wall Street Rallies with the S&P 500, Nasdaq Topping Record Levels backed by Fed Taper-Talk

Wall Street benchmark indexes, the S&P 500 and Nasdaq topped their record closes once again on Monday, bolstered by technology stocks, as last week’s dovish comments from the Federal Reserve on tapering its monetary stimulus refocused investors’ minds on economic growth. It was the fourth record closing high in five sessions for the S&P, and …

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Wall Street Nasdaq S&P 500

Wall Street’s S&P 500, Nasdaq Nab All-time Closing Highs as Powell Soothes Taper Fears

Wall Street rallied on Friday, pushing the S&P and the Nasdaq to record closing highs for the fourth time this week, as U.S. Federal Reserve Chairman Jerome Powell’s remarks at the Jackson Hole Symposium calmed fears over the tapering timetable and sent investors into the weekend in a buying mood. All three indexes posted weekly …

Wall Street’s S&P 500, Nasdaq Nab All-time Closing Highs as Powell Soothes Taper Fears Read More »

Global Markets Wall Street

Wall Street Declines as Investors Brace for Tapering, Nasdaq Leads with 0.64% Drop

Wall Street closed lower on Thursday, ending a streak of all-time closing highs on concerns over developments in Afghanistan, while fears of a potential shift in U.S. Federal Reserve policy prompted a broad but shallow sell-off the day before the Jackson Hole Symposium. All three major wall street benchmarks for U.S. stock ended the session …

Wall Street Declines as Investors Brace for Tapering, Nasdaq Leads with 0.64% Drop Read More »

Wall Street

Wall Street Rallies as S&P 500, Nasdaq Record Closing Highs

Wall Street gained ground again on Wednesday, with chipmakers and financials helping to push the S&P 500 and the Nasdaq to record closing highs as investors look to the upcoming Jackson Hole Symposium for assurances that Federal Reserve’s timeline for policy tightening remains intact. With few negative catalysts to sour the risk-on sentiment, all three …

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Wall Street Dow Nasdaq

Wall Street Extends Gain backed by Tech and Tech-adjacent Megacaps Rally on the S&P 500

Wall Street ended higher in a late-summer, light volume rally on Tuesday as the FDA’s full approval of a COVID-19 vaccine on Monday and the absence of negative catalysts kept risk appetite alive ahead of the much-anticipated Jackson Hole Symposium. All three major U.S. stock indexes (the wall street benchmarks) advanced higher, with the S&P …

Wall Street Extends Gain backed by Tech and Tech-adjacent Megacaps Rally on the S&P 500 Read More »

Wall Street Dow Jones

Wall Street Extends Slide, S&P 500 Drops over 1% on Release of Feds July Minutes.

Wall Street’s main indexes slid on Wednesday, with the S&P 500 falling over 1%, after the release of minutes from the Federal Reserve’s policy meeting last month showed officials felt the employment benchmark for decreasing support for the economy “could be reached this year.” Stocks accelerated their declines late in the session, pushing the S&P …

Wall Street Extends Slide, S&P 500 Drops over 1% on Release of Feds July Minutes. Read More »

Wall Street

Wall Street Sheds: S&P 500, Dow Hit Record Highs as Defensive Shares Rally

The benchmark S&P 500 and the Dow industrials hit record highs on Monday as investors moved into defensive sectors and stocks recovered from losses earlier in the session, shaking off glum economic data out of China. Economically sensitive groups such as energy, materials and financials were weaker after China’s factory output and retail sales growth …

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Global Markets Wall Street

Wall Street Sinks as S&P 500 Dragged by Energy Sector on Oil Demand Concerns

Wall Street’s benchmark, the S&P 500 dipped on Monday, as fuel demand worries during a resurgent pandemic sent energy stocks lower but rising U.S. Treasury yields lifted financial stocks, keeping Wall Street’s benchmark index near record levels. Energy shares were the worst-performing of the 11 major S&P sectors on wall street, down 1.48% along with …

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Wall Street Dow Nasdaq

S&P 500, Dow close at Record Highs as Solid Jobs Data Boosts Cyclicals

The Dow and the S&P 500 indexes closed at record highs on Friday following a stronger-than-expected jobs report, while investors shrugged off concerns over the Delta variant impacting a nascent economic recovery. Nonfarm payrolls increased by 943,000 jobs last month, a Labor Department report showed. Economists polled by Reuters had forecast payrolls would increase by …

S&P 500, Dow close at Record Highs as Solid Jobs Data Boosts Cyclicals Read More »

Global Markets Wall Street

Wall Street Rallies to Record High backed by Apple’s 1.26% Gain & Healthcare Stocks

The S&P 500 index on the wall street closed at record high on Tuesday on gains in Apple and healthcare stocks, despite concerns over a surge in the Delta variant of the coronavirus taking some shine off an upbeat corporate earnings season. Ten of the 11 S&P indexes on wall street traded higher, with energy …

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Wall Street Dow Nasdaq

Wall Street Declines, S&P 500 Drops on Coronavirus Concerns

Wall street’s benchmark, the S&P 500 Index, closed slightly lower on Monday after erasing early gains as worries about the Delta variant of the coronavirus and a slowing U.S. economy overshadowed optimism around more fiscal stimulus and a strong second-quarter earnings season. Federal Reserve Governor Christopher Waller said on CNBC late in the session that …

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Wall Street Dow Nasdaq

Wall Street falls with Amazon; S&P 500 Posts Sixth Straight Month of Gains

Stocks on wall street fell on Friday and registered losses for the week as Amazon.com shares dropped after the company forecast lower sales growth, but the S&P 500 still notched a sixth straight month of gains. Amazon.com Inc  shares sank 7.6% on wall street – their biggest daily percentage drop since May 2020 – after …

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Wall Street Dow Jones

Wall Street Slips as Caution Grows on Tech-Earnings and Fed Statement

U.S. stocks on wall street fell on Tuesday, ending a five-day winning streak in the three major indexes, as investors were cautious before results from top tech and internet names and Wednesday’s Federal Reserve announcement. The Nasdaq led the day’s declines, registering its biggest daily percentage drop since May 12, but the three indexes pared …

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Wall Street Global Markets

Global Markets Weekly Review: Week 29, 2021

Global markets were mixed but mostly higher with most markets experiencing pullbacks, which have been infrequent and short-lived as strong economic growth, positive investor sentiment, and extreme amounts of Fed liquidity have combined to produce elevated gains with limited drawdowns along the way United States Stocks ended the week higher, rebounding from a sell-off on …

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Wall Street Dow Nasdaq

Wall Street Ends Higher Higher, Treasury Yields Rebound Despite COVID Variant Fears

Wall Street notched a comeback on Tuesday with all the major indexes closing higher, and yields on safe-haven U.S. Treasuries bouncing off lows as investors sought riskier assets even as worries remained about a resurgence in COVID-19. Wall Street’s main indexes all rose by more than 1.5%, with the Dow ahead of the others. Yields …

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Global Markets Wall Street

Wall Street Extends Losses as Tech Stocks Drop; Delta Variant Spreads

Wall Street ended lower on Friday, weighed down by declines in Amazon, Apple and other heavyweight technology stocks, while investors worried about a rise in coronavirus cases tied to the highly contagious Delta variant. On Thursday, Los Angeles County said it would reimpose its mask mandate this weekend. On Friday, public health officials said U.S. …

Wall Street Extends Losses as Tech Stocks Drop; Delta Variant Spreads Read More »

Wall Street Fed Powell

Wall Street Closes Higher on Powell Statement, Apple Jumps 2.4%

Wall Street’s benchmark, the S&P 500 ended with a gain after briefly hitting an intra-day record in a choppy session on Wednesday, as investors balanced worries about inflation with reassuring comments from Fed Chair Jerome Powell. Of the 11 S&P 500 sector indexes, utilities, real estate and consumer staples were among the strongest, each up …

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Wall Street Dow Nasdaq

Wall Street Edges Higher as FOMC Minutes Showed Feds not Ready to Tighten Policy

Stocks on wall street ended higher on Wednesday and the S&P 500 and Nasdaq notched record closing highs after minutes from the last Federal Reserve meeting indicated officials may not be ready yet to move on tightening policy. According to the minutes of the U.S. central bank’s June policy meeting, Fed officials felt substantial further …

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Nasdaq Wall Street SP 500

Nasdaq Closes at All Time High Fueled by Tesla’s 4.3% Rally, Factory Data

The Nasdaq hovered near its all-time high on Wednesday, helped by a boost from Tesla shares, with investors cheering data that showed a record peak for U.S. factory activity in June. Data firm IHS Markit said its flash U.S. manufacturing Purchasing Managers’ Index rose to a reading of 62.6 this month, beating estimates of 61.5, …

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Dow Jones WALL STREET

Dow Jumps 1.76% on Wall Street as U.S Stocks Reverse Post Fed Losses

Wall Street rallied on Monday, with the Dow completing its strongest session in over three months as investors piled back in to energy and other sectors expected to outperform as the economy rebounds from the pandemic. The small-cap Russell 2000 and the Dow Jones Transports Average, considered a barometer of economic health, both jumped about …

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Wall Street Dow Nasdaq

Wall Street Ends Week Sharply After Hawkish Fed Spooks Investors

Stocks on Wall Street ended sharply lower on Friday, with the Dow and S&P 500 posting their worst weekly performances in months, after comments from Federal Reserve official James Bullard that the U.S. central bank might raise interest rates sooner than previously expected spooked investors. The blue-chip Dow and the benchmark S&P 500 started the …

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Nasdaq Wall Street

Wall Street Mixed as Nasdaq Gains on Tech Rebound, S&P 500 Slides

Technology shares on wall street jumped on Thursday on optimism around a speedy economic recovery, although the Federal Reserve’s unexpectedly hawkish message on monetary policy kept the S&P 500 subdued. Five of the 11 S&P indexes were down in late morning trade, while information technology rose the most among gainers. Chipmaker Nvidia Corp jumped 5.5%, …

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Wall Street Fed Powell

Wall Street Declines on Fed Projections to Hike Rates in 2023

The three main Wall Street indexes all closed down on Wednesday, as U.S. Federal Reserve officials unnerved investors with indications that the central bank could begin rising interest rates in 2023, a year earlier than expected. New projections saw a majority of 11 of 18 U.S. central bank officials pencil in at least two quarter-percentage-point …

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Wall Street Dow Nasdaq

Wall Street Ends Friday Higher as Investors wait for Fed Meeting

Stocks on wall street closed modestly higher at the end of a torpid week marked with few market-moving catalysts and persistent concerns over whether current inflation spikes could linger and cause the U.S. Federal Reserve to tighten its dovish policy sooner than expected. The Nasdaq gained the most among the three major indexes, while the …

Wall Street Ends Friday Higher as Investors wait for Fed Meeting Read More »

Wall Street Global Markets

Wall Street Rallies, S&P 500 Shakes-Off Inflation Concerns to Hit Record High

Wall Street’s benchmark, the S&P 500 hit a record intraday high on wall street on Thursday as investors juggled signs of a swift economic recovery with concerns over the Federal Reserve tapering its massive monetary stimulus. The Labor Department said its consumer price index increased by a more-than-expected 0.6% last month. In the 12 months …

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Wall Street Dow Nasdaq

Wall Street Ends Lower as Investors Await Inflation Report.

Wall Street ended a see-saw session lower on Wednesday as market participants awaited inflation data for clues as to when the U.S. Federal Reserve might tighten its dovish monetary policy. The retail “meme stock” craze continued unabated with all three major U.S. stock indexes reversing earlier gains, but remaining range-bound in the absence of any …

Wall Street Ends Lower as Investors Await Inflation Report. Read More »