Global Markets Weekly Review: Week 06, 2022
Chinese stocks rose in line with global markets amid supportive official comments and a perception that the country’s regulatory crackdown cycle had peaked.
New York Stock Exchange
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’ …
Wall Street Lower on Fears of Aggressive Fed Rate Hikes Read More »
Wall Street Advances, AT&T Shares Plunges 4.2% as Dividend is Cut by 50%
Google parent Alphabet Inc rose 1.7% on wall street ahead of quarterly results published after the bell. Amazon Inc and Meta Platforms Inc are also on deck later this week.
Global Markets Weekly Review: Week 03, 2022
Global markets remained mixed this week, with a majority of the investors gaining ground on basis of interest rates rising as mentioned by the Feds, an event that the market has been anticipating for over 18 months.
Global Markets Weekly Review: Week 52, 2021
2021 was a better-than-average year for global markets. Stock market returns, economic growth, policy stimulus and inflation all ran hot while volatility was historically cool.
Global Markets Weekly Review: Week 51, 2021
In light of the improving global economic outlook, the Reserve Bank of Australia (RBA) may be positioned to end its quantitative easing (QE) initiatives after its February policy meeting.
Wall Street Ends Higher as Positive Economic Data Pushes Benchmarks above 0.5%
Stocks on Wall Street indexes closed broadly higher on Wednesday after investors cheered positive economic data and the White House said it was resuming talks on a massive social spending and climate change bill with a holdout senator.
Global Markets Weekly Review: Week 50, 2021
All eyes across global markets were on the Fed last week as the market awaited the latest policy decision and outlook – a decision that drew particular attention given the inflation environment.
Wall Street Rises Sharply, Fed Indicates Tapering to End in March 2022
Wall Street ended sharply higher on Wednesday after the Federal Reserve said it would end its pandemic-era bond purchases in March as it exits from policies enacted at the start of the health crisis.
Global Markets Weekly Review: Week 49, 2021
Global markets were mixed this week, with downs at the beginning of the week with equity markets later rebounding, after two weeks of losses.
Wall Street Gains; S&P 500 Ends at Record High Backed by CPI Data
Elon Musk, chief executive of Tesla Inc, tweeted that he is “thinking of quitting my jobs & becoming an influencer full-time.” The electric-car maker’s stock advanced 1.3% during trading on wall street.
Wall Street Ends Lower as Tesla Drags S&P With a 6% Drop
In consumer staples on wall street, heavyweight electric car maker Tesla Inc was the biggest percentage decliner, falling 6%.
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 »
Global Markets Weekly Review: Week 48, 2021
Investors across global markets were set for lots of reactions during the week. On top of the list was the Omicron variant of the coronavirus and the massive lockdowns which various countries have imposed, also with the travel restrictions. Cruise and commercial airlines stood out to be the most hit. The United States. In a …
Wall Street Benchmarks Rally as Nvidia Jumps 2.9% out of Sell-off to Lift Nasdaq
Nvidia rallied 2.9% on wall street as it bounced back from a selloff in Big Tech stocks early this week. The graphics chipmaker is now up about 150% in 2021.
Nasdaq Extends Decline as Tesla Drags Tech with a 4% Drop.
The Nasdaq ended lower for a second straight session on Tuesday, while the S&P 500 rose, as rising Treasury yields prompted investors to sell Tesla and other Big Tech names.
Nasdaq, S&P 500 End on the Red as Biden Nomination of Powell Fuels Optimism
In extended trade, Zoom Video Communications jumped 6% on the Nasdaq after the video-conferencing company posted quarterly revenue that beat expectations.
Wall Street Rebounds as Data Showed Retail Sales Jumped 1.7% in October.
The positive data helped wall street investors look past comments from St. Louis Federal Reserve President James Bullard, who called for a more hawkish stance by the central bank in response to rising inflation.
Wall Street’s Benchmarks Flat as 10-Year Treasury Note Hits Highest Level in Three Weeks.
Wall Street indices closed out Monday’s session near the unchanged mark as rising Treasury yields dented the appetite for technology stocks,
Global Markets Weekly Review: Week 45, 2021
The week ended mixed for global markets backed by inflation concerns and the risks of default from Chinese real estate companies led by China Evergrande and Kaisa Holdings Limited.
Wall Street Unchanged as Walt Disney Drags S&P 500 on Disappointing Results.
Tesla Inc extended its decline, shedding 0.4% during trading on wall street following news that CEO Elon Musk sold about $5 billion of the stock in the company over the last few days, following his infamous Twitter poll.
Wall Street Extends Decline as Data Forecasts CPI Growth of 0.9%
All three major wall street indices fell, extending their losses throughout the trading day and adding to Tuesday’s sell-off which snapped the S&P 500’s and Nasdaq’s eight-session runs of all-time closing highs.
Wall Street Drops Weighed Down by Growing Inflation Concerns; Tesla Plunges 12.0%.
Wall Street closed lower on Tuesday, ending a multi-day rally of consecutive record closing highs as profit-taking and worries over ongoing inflation fueled a broad sell-off.
Global Markets Weekly Review: Week 44, 2021
November started off on solid footing for global markets, with equity markets logging their best weekly return in more than four months.
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’s Benchmarks Post over 1% in Gains as Fed Unveils Tapering Plan
Major Wall Street indexes posted solid gains and marked closing record highs as the Federal Reserve said it will begin trimming its monthly bond purchases in November.
Wall Street Rallies to Record Highs Buoyed by Earnings and Treasury Yields Decline.
In company news, shares of Under Armour Inc jumped 16.5% on wall street after the athletic apparel maker raised its annual forecasts.
Wall Street Closes Higher as Companies Post Impressive Earnings
Wall Street benchmarks, the S&P 500 and the Dow climbed on Wednesday with the Dow hitting an intraday record high as investors eyed better than expected third-quarter earnings from U.S. companies.
Global Markets Weekly Review: Week 41, 2021
Global markets remained positive during the week as investors kept a keen watch on the earnings reports and also a view on various economic reports from the globe.
Nasdaq, S&P 500 Post Gains as JP Morgan Kicks off Earnings Season.
The S&P 500 and Nasdaq ended higher on Wednesday, led by gains in shares of big growth names like Amazon.com and Microsoft, but JPMorgan shares fell along with other bank shares and weighed on the market. The S&P 500 briefly added to gains following the release of minutes from the September Federal Reserve policy meeting. …
Nasdaq, S&P 500 Post Gains as JP Morgan Kicks off Earnings Season. Read More »
Wall Street Extends Decline As Investors Turn to Earnings, Fed Minutes
Stocks on Wall Street finished lower on Tuesday, extending losses late as investors grew more jittery in the run-up to third-quarter earnings, while a jump in Tesla shares helped support the market.
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 »
Global Markets Weekly Review: Week 39, 2021
Global markets were mixed but mostly lower as inflation concerns hit various central banks after the hits of the Evergrande crisis which has rocked China and looked to be throwing the global real estate sector in awe.
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 …
Wall Street Gains 0.1%, Investors Brace for Inflation, Tapering Impact Read More »
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 …
Wall Street Down Nearly 2% Amidst Piling Concerns on Treasury Yields and Inflation. Read More »
Wall Street Drops as Tech Stocks Drag S&P 500, Nasdaq.
Wall Street’s benchmark indices, the S&P 500 and Nasdaq indexes ended lower on Monday with investors pivoting to value as tech shares, hurt by rising Treasury yields, weighed on equities in the quarter’s final week. Of the three major U.S. stock indexes, only the blue-chip Dow Jones Industrial Average closed in positive territory, buoyed by …
Wall Street Drops as Tech Stocks Drag S&P 500, Nasdaq. Read More »
Global Markets Weekly Review: Week 38, 2021
Global markets were mixed this week, as many analysts comprehended the possible impact of China’s Evergrande Group into a global financial abyss. With no shortage of headlines to worry about, volatility made a comeback last week after being dormant for most of the past six months. United States The major benchmarks overcame an early sell-off …
Dow, S&P 500 End Bumpy Week with Gains as Nike Leads Drag Despite Upbeat Earnings.
The Dow and S&P 500 edged higher on Friday and ended a turbulent week with slight increases, helped by gains in Tesla and Facebook that offset a tumble by Nike. Athletic wear company Nike’s shares fell 6.3% and were the biggest drag on the Dow and the S&P 500 after it delivered a downbeat sales …
Dow, S&P 500 End Bumpy Week with Gains as Nike Leads Drag Despite Upbeat Earnings. Read More »
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 »
Wall Street Rebounds 1% as Fed Confirms Tapering to Start Soon
The benchmark wall street indexes for U.S stock markets rose 1% on Wednesday as investors mostly took in stride the latest signals from the Federal Reserve, including clearing the way for the central bank to reduce its monthly bond purchases soon. The S&P 500 registered its biggest daily percentage gain since July 23. While trading …
Wall Street Rebounds 1% as Fed Confirms Tapering to Start Soon Read More »
Wall Street Trades Choppy as Dow and S&P 500 Erase Gains at Pre-Close
The majority of Wall Street investors are waiting for the end of this week’s Fed meeting that may shed light on when its massive purchase of government debt will begin to ease.
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, …
Wall Street Slumps as Markets Jittery Over Potential Collapse of China’s Evergrande Read More »
Global Markets Weekly Review: Week 37, 2021
Global markets were mixed this week as various economic development from various markets across the markets, in the news was the fear over the possible collapse of Chinese real estate firm, Evergrande.
Wall Street Mixed, S&P 500 Drops Amidst Rising U.S Treasury Yields, Strong Retail Sales
The three major wall street indexes spent much of the day in negative territory as rising U.S. Treasury yields pressured market-leading tech stocks, and the rising dollar weighed on exporters.
Wall Street Rebounds, Energy Sector Leads backed by Crude Oil 0.5% Price Jump.
Stocks on wall street closed higher on Wednesday as rising crude oil prices boosted energy shares and a swath of positive U.S. economic data.
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 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 …
Wall Street Extends Decline as Apple, Facebook Lead Big-Tech with 1% Drop Read More »
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 »
Global Markets Weekly Review: Week 35, 2021
Global Markets were mixed this week as data from various fronts; from the U.S jobs data which was released on Friday and the growing anxiety over the shifting Fed policy adding new wrinkles to various analysts across various global markets. United States The benchmark indexes for the top global market ended the week mixed after …
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 …
Tech Lifts Nasdaq to Record Close but Wall Street Mixed on Jobs Report Read More »
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 »
Nasdaq Leads Wall Street with Record Close; Apple Jumps 0.4% to Second-Highest Close
Technology stocks, which tend to benefit from a low-rate environment, finished higher, upping Nasdaq to record close. Apple Inc rose 0.4% to its second-highest close
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 …
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 »
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 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 …
Wall Street Rallies as S&P 500, Nasdaq Record Closing Highs Read More »
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 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 Slumps; Nasdaq Leads in Decline as Home Depot Drops 4.3%
Wall Street’s main indexes slid on Tuesday, with the S&P 500 logging its biggest one-day percentage fall in about a month, weighed down by a drop in U.S. retail sales that raised concerns about the economic recovery, as well as by disappointing results from Home Depot. Most of the S&P 500’s sectors finished lower, with …
Wall Street Slumps; Nasdaq Leads in Decline as Home Depot Drops 4.3% Read More »
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 …
Wall Street Sheds: S&P 500, Dow Hit Record Highs as Defensive Shares Rally Read More »
Disney Rallies 1% to Push Dow, S&P 500 to Close at Record Levels Despite Delta Concerns
The Dow Industrial and S&P 500 edged up to closing records on Friday and notched a second straight week of gains, buoyed by a climb in Walt Disney shares, but a sharp drop in consumer sentiment kept gains in check. Walt Disney rose 1.00% as one of the biggest boosts to both the Dow and …
Disney Rallies 1% to Push Dow, S&P 500 to Close at Record Levels Despite Delta Concerns Read More »
Wall Street Rallies on Economic Recovery Outlook; Dow, S&P 500 Close at Records Levels
Trading volume has slumped on wall street, typical of August, as a stellar second-quarter earnings season winds down. Investors are now waiting for the Fed’s annual meeting in Jackson Hole, Wyoming, at month-end for clues on its plans to tighten policy.
Wall Street Extends Gains; Dow, S&P 500 at Record Levels
Coinbase Global Inc climbed 3.24% on wall street after the cryptocurrency exchange beat market estimates for second-quarter profit, helped by a near 38% jump in trading volumes on a sequential basis.
S&P 500, Dow Jones Hits Record High as U.S Senate Approves $1 Trillion Infrastructure Bill
Wall Street’s Dow Jones Industrial Average rose 162.82 points, or 0.46%, to 35,264.67, the S&P 500 gained 4.4 points, or 0.10%, to 4,436.75 and the Nasdaq Composite dropped 72.09 points, or 0.49%, to 14,788.09.
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 …
Wall Street Sinks as S&P 500 Dragged by Energy Sector on Oil Demand Concerns Read More »
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 »
Wall Street Closes Lower as S&P 500 Slips on Lower Jobs Data
Wall Street’s main indexes closed mostly lower on Wednesday, with the S&P 500 falling from a record high hit a day earlier as data signalled a sharp slowdown in jobs growth in July, while General Motors tracked its worst day in more than a year despite a record pre-tax profit. Nine of the 11 S&P …
Wall Street Closes Lower as S&P 500 Slips on Lower Jobs Data Read More »
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 …
Wall Street Rallies to Record High backed by Apple’s 1.26% Gain & Healthcare Stocks Read More »
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 …
Wall Street Declines, S&P 500 Drops on Coronavirus Concerns Read More »
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 …
Wall Street falls with Amazon; S&P 500 Posts Sixth Straight Month of Gains Read More »
US dollar, Stocks Dip as Fed keep Taper Timing Close to Chest
US stocks and the dollar slipped on Wednesday in listless trade after the Federal Reserve gave no clue about when it might start reducing its purchases of government bonds, even as it said the economic recovery is on track. The Fed said after its latest policy meeting ended on Wednesday that the economy has been …
US dollar, Stocks Dip as Fed keep Taper Timing Close to Chest Read More »
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 …
Wall Street Slips as Caution Grows on Tech-Earnings and Fed Statement Read More »
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 …
Wall Street Rallies to Record-Breaking end of Turbulent Week
Stocks rallied to records on Wall Street Friday, and the Dow Jones Industrial Average closed above the 35,000 level for the first time, as the market continued to roar back from its short-lived swoon at the start of the week. The S&P 500 index climbed 44.31, or 1%, to 4,411.79 to top its prior all-time …
Wall Street Rallies to Record-Breaking end of Turbulent Week Read More »
Wall Street Extends Two-Day Gains as Tech Stocks, Financials extend Rally.
A pull-back in economically sensitive cyclicals kept wall street benchmarks; the S&P 500’s and the blue-chip Dow’s gains muted, while small-caps underperformed their larger rivals.
Wall Street Closes Higher backed by Strong Economic Outlook, Earnings Call.
Netflix Inc late Tuesday reported slowing subscriber growth, sending its shares down 3.3% on wall street, the second-largest percentage loser in the S&P 500.
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 …
Wall Street Ends Higher Higher, Treasury Yields Rebound Despite COVID Variant Fears Read More »
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 »
Nasdaq Edges Lower as Big Tech Sales Rise; S&P 500 Drags
The Nasdaq ended lower on wall street on Thursday, pulled down by Apple, Amazon and other Big Tech companies as a fall in weekly jobless claims data fed investor concerns about a recent inflation spike. Nvidia tumbled 4.4% and Amazon fell over 1%, both companies contributing more than any others to the Nasdaq’s decline. Facebook …
Nasdaq Edges Lower as Big Tech Sales Rise; S&P 500 Drags Read More »
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 …
Wall Street Closes Higher on Powell Statement, Apple Jumps 2.4% Read More »
Wall Street Drops as Ten Major S&P 500 Sector Indices Close Lower
Wall Street benchmark indices, the S&P 500 and Nasdaq, ended lower on Tuesday after hitting record highs earlier in the session, with investors digesting a jump in consumer prices in June and earnings from JPMorgan and Goldman Sachs that kicked off the quarterly reporting season. The S&P 500 and Nasdaq reached fresh record highs but …
Wall Street Drops as Ten Major S&P 500 Sector Indices Close Lower Read More »
Wall Street Climbs to Highest Levels Backed by Tesla, Bank Stocks Rally
Wall Street’s main indices closed at their highest levels ever on Monday, lifted by Tesla and bank stocks as investors eyed the start of the second-quarter earnings season and a batch of economic data.
Finance Stocks Rebound, Pushing Wall Street to Record Closing Highs
The three major wall street indexes rallied to record closing highs on Friday as financials and other economically focused sectors rebounded from a selloff sparked by growth worries earlier in the week. The rally allowed the indexes to notch slight gains for the week, which also saw a sharp rally in U.S. Treasuries as investors …
Finance Stocks Rebound, Pushing Wall Street to Record Closing Highs Read More »
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 …
Wall Street Edges Higher as FOMC Minutes Showed Feds not Ready to Tighten Policy Read More »
Wall Street Rallies as S&P 500 Extends to Sixth Straight Record Close
Didi Global Inc jumped 16.0% during trading hours on wall street, on its second day of trading as a U.S.-listed company.
Wall Street Sustains Rally, Pushing S&P 500 to a Fifth Straight Record Closing High
Wall Street’s S&P 500 notched its fifth consecutive advance, while the Dow snapped its four-month winning streak to end slightly lower. The Nasdaq also gained ground in June.
Tech Stocks Extend Rally, Pushing Nasdaq, S&P 500 to New Highs
The S&P 500 and the Nasdaq both registered record closing highs on Tuesday, lifted by Apple Inc and other technology stocks after an upbeat consumer confidence report. The S&P 500, helped by a jump in Morgan Stanley shares on news of a dividend increase, hit a record high for the fourth straight session. The S&P …
Tech Stocks Extend Rally, Pushing Nasdaq, S&P 500 to New Highs Read More »
Big Techs Extend Rally, Pushing S&P 500 and Nasdaq to Record Highs
Big tech companies including Facebook Inc, Netflix Inc, Twitter Inc and Nvidia Corp were among the biggest boosts to the S&P 500 and the Nasdaq.
Nasdaq, S&P 500 Close at Record High on Wall Street Backed by Tech Stocks Rally
Benchmark Wall Street indexes, the Nasdaq and the S&P 500 indexes closed at record highs on Thursday, with the Dow also jumping almost 1% after U.S. President Joe Biden embraced a bipartisan Senate infrastructure deal.
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, …
Nasdaq Closes at All Time High Fueled by Tesla’s 4.3% Rally, Factory Data Read More »
Wall Street Rebounds, Fueled by Jerome Powell Statement on Rates
Wall Street rebounded Tuesday as Federal Reserve Chairman Jerome Powell vowed not to raise rates too quickly as the dollar and oil gave up earlier gains. Led by the tech-heavy Nasdaq Composite, Wall Street closed Tuesday higher, bouncing back from a sell-off set off last week by a Fed policy update that suggested officials believed …
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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 …
Dow Jumps 1.76% on Wall Street as U.S Stocks Reverse Post Fed Losses Read More »
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 …
Wall Street Ends Week Sharply After Hawkish Fed Spooks Investors Read More »
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%, …
Wall Street Mixed as Nasdaq Gains on Tech Rebound, S&P 500 Slides Read More »
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 …
Wall Street Declines on Fed Projections to Hike Rates in 2023 Read More »
Wall Street Retreats as Investors Await Fed Statement.
Wall Street took a step back on Tuesday, with all three major indices dropping after two posted record highs on Monday. U.S. Treasuries held steady, as did the U.S. dollar, with little activity ahead of the Fed policy statement.
Wall Street Eases Ahead of Fed’s Two-Day Meeting
The S&P 500 and the Dow eased on Monday on Wall Street, a day after the S&P 500 hit a record closing high, as investors awaited cues from the Federal Reserve’s meeting this week on the central bank’s outlook on inflation and the future of bond purchases. The technology-heavy Nasdaq rose for the sixth time …
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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 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 …
Wall Street Rallies, S&P 500 Shakes-Off Inflation Concerns to Hit Record High Read More »
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 »