S&P 500 Index

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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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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 …

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