Wall St falls on inflation fears; Powell-Biden talks in focus
2 years, 6 months ago

Wall St falls on inflation fears; Powell-Biden talks in focus

Live Mint  

U.S. stocks fell on Tuesday as soaring oil prices and hawkish comments from a Federal Reserve official spooked investors, with focus turning to talks between U.S. President Joe Biden and Fed Chair Jerome Powell later in the day. Fed Governor Christopher Waller said on Monday the U.S. central bank should be prepared to raise rates by a half percentage point at every meeting from now on until inflation is decisively curbed. Biden said the Fed has a primary responsibility to control inflation and vowed not to seek "to influence its decisions inappropriately" ahead of a meeting with the central bank chief, scheduled at 1:15 p.m.. Last week, all the three major U.S. indexes snapped their longest weekly losing streak in decades as signs of inflation peaking and consumer resiliency brought back buyers into the market. Dexcom Inc jumped 7% to the top of S&P 500 index after the glucose monitoring systems maker denied report of merger talks with insulin pump maker Insulet Corp.

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Wall St futures choppy as investors digest Fed’s rate cut view
Trending News
1 day, 4 hours ago

Wall St futures choppy as investors digest Fed’s rate cut view

Live Mint  

* Qualcomm up after win against Arm in chips trial * Lilly gains after weight-loss drug approved for sleep apnea * Futures: Dow down 0.27%, S&P 500 off 0.06%, Nasdaq up 0.16% By Medha Singh and Purvi Agarwal Dec 23 - U.S. stock index futures were subdued on Monday after a last-minute government funding bill averted a shutdown and investors …

Wall Street today: US stocks edge higher in anticipation of Fed rate cut, Nvidia rallies
6 days, 2 hours ago

Wall Street today: US stocks edge higher in anticipation of Fed rate cut, Nvidia rallies

Live Mint  

US stock indices rose on Wednesday in anticipation of interest rate cut by the Federal Reserve, that is due to announce its final policy decision of this year later in the day. At 12:00 pm ET, the Dow Jones Industrial Average rose 160.68 points, or 0.37 per cent, to 43,610.58, the S&P 500 gained 12.56 points, or 0.21 per cent, …

Wall Street gets back to climbing, and the Nasdaq tops 20,000
1 week, 6 days ago

Wall Street gets back to climbing, and the Nasdaq tops 20,000

LA Times  

The Standard & Poor’s 500 index rose 0.8% to break its first two-day losing streak in nearly a month and finished just short of its all-time high. Stocks got a boost as expectations built that Wednesday’s inflation data will enable the Fed to deliver another cut to interest rates at its meeting next week. “The data have given the Fed …

Wall St closes higher; small-caps hit record high after Trump nominates Bessent
4 weeks ago

Wall St closes higher; small-caps hit record high after Trump nominates Bessent

Live Mint  

* Barclays raises full-year S&P 500 forecast * Bond yields drop as Bessent's move seen easing fiscal concerns * Macy's slides after delaying Q3 report on accounting issue By Saeed Azhar, Johann M Cherian and Purvi Agarwal Nov 25 - Wall Street's main indexes ended higher on Monday, with the small-cap Russell 2000 index hitting an all-time high after Scott …

Wall Street barely budges as S&P 500 remains just shy of its record
7 months, 1 week ago

Wall Street barely budges as S&P 500 remains just shy of its record

LA Times  

Stocks have broadly rallied this month after a rough April on revived hopes that inflation may ease enough to convince the Federal Reserve to cut its main interest rate later this year. GameStop soared 74.4% in a swing reminiscent of its maniacal moves from three years ago, when hordes of smaller-pocketed investors sent the stock’s price way above what many …

Wall St climbs on soft landing hopes amid resilient labour market
1 year, 10 months ago

Wall St climbs on soft landing hopes amid resilient labour market

Live Mint  

US stock indexes rose on Thursday after data showing a resilient labour market and better-than-expected economic growth last quarter helped ease worries of a deep recession, while Tesla's bullish outlook boosted the tech-heavy Nasdaq. A report from the Labor Department showed initial claims for state unemployment benefits dropped for the week ended Jan. 21, while the Commerce Department said gross …

Wall St climbs on growth stocks boost ahead of inflation data
1 year, 11 months ago

Wall St climbs on growth stocks boost ahead of inflation data

Live Mint  

Wall Street's main indexes rose on Wednesday led by gains in rate-sensitive growth stocks as the focus shifts to a key inflation reading due later this week, which would provide more clues on the Federal Reserve's rate hike trajectory. Wall Street's main indexes rallied on Tuesday as Fed Chair Jerome Powell refrained from commenting on the outlook for interest rates …

Nasdaq leads Wall St higher as interest rate worries ease
1 year, 11 months ago

Nasdaq leads Wall St higher as interest rate worries ease

Live Mint  

The tech-heavy Nasdaq led gains among the main Wall Street indexes on Monday, boosted by shares of Amazon and Tesla, while signs of a cooling labor market supported bets of a slower pace of interest rate hikes by the Federal Reserve. The benchmark S&P 500 and the Nasdaq closed the week higher on Friday after a moderation in wage increases …

Wall Street rallies on rate hopes, notches gain for the week
1 year, 11 months ago

Wall Street rallies on rate hopes, notches gain for the week

Associated Press  

Stocks rallied after a shaky start and closed with broad gains Friday as some mixed readings on the U.S. economy stoked hope on Wall Street that inflation may keep cooling and the Federal Reserve may ease up on its interest rate hikes. On the downside, it also showed hiring across the job market may still be too strong for the …

Wall Street choppy post inflation data, energy shares jump
2 years ago

Wall Street choppy post inflation data, energy shares jump

Live Mint  

Wall Street's main indexes swung between gains and losses in thin pre-holiday trade on Friday as investors assessed fresh inflation data, while energy shares jumped on higher oil prices. A Commerce Department report showed U.S. consumer spending barely rose in November, while inflation cooled further, but not enough to discourage the Federal Reserve from driving interest rates to higher levels …

Wall Street slides as economic data aggravates concern over Fed rate hike
2 years ago

Wall Street slides as economic data aggravates concern over Fed rate hike

Live Mint  

Wall Street's main indexes dropped on Thursday after fresh data underscored strength in the U.S. economy and aggravated concerns over the Federal Reserve's continued policy tightening. Wall Street's main indexes marked their biggest daily gain so far in December on Wednesday, with help from upbeat Nike Inc and FedEx Corp quarterly earnings, as well as improving consumer confidence and easing …

Wall St extends losses as recession worries mount, Apple drops
2 years ago

Wall St extends losses as recession worries mount, Apple drops

Live Mint  

U.S. stock indexes fell in choppy trading on Wednesday as investors assessed the warnings of a looming recession from major Wall Street bankers, while Apple shares fell on analyst projections of lower iPhone shipments. The benchmark S&P 500 fell for a fifth straight session and the Nasdaq for a fourth, dragged down by a 1.4% drop in Apple Inc shares …

Wall Street indexes fall, pulled down by Meta platforms and banks
2 years ago

Wall Street indexes fall, pulled down by Meta platforms and banks

Live Mint  

Wall Street's main indexes fell on Tuesday, dragged down by shares of Meta Platforms and banks, while investors worried about a longer rate-hike cycle despite warnings of a potential recession next year. The lender's chief executive said the bank's research predicted three quarters of mild negative growth next year. Money market bets are pointing to a 91% chance that the …

Wall Street falls after strong service-sector data feeds hawkish Fed fears
2 years ago

Wall Street falls after strong service-sector data feeds hawkish Fed fears

Live Mint  

Wall Street's main indexes fell on Monday after better-than expected service-sector activity added to jitters that the U.S. Federal Reserve might continue on its aggressive policy tightening path despite fears of a recession next year. The rate-setting Federal Open Market Committee meets on Dec. 13-14, the final meeting in a volatile year, which saw the central bank attempt to arrest …

Wall St falls on mixed economic data, Fed official’s hawkish view
2 years, 1 month ago

Wall St falls on mixed economic data, Fed official’s hawkish view

Live Mint  

US stock indexes fell on Thursday as mixed economic data and hawkish comments from a Federal Reserve official fueled concerns that the central bank may not ease its aggressive policy tightening. St. Louis Federal Reserve President James Bullard said rate hikes so far "have had only limited effects on observed inflation," and that the central bank needs to continue raising …

Wall Street update: Tech leads stocks lower as treasury yields climb
2 years, 1 month ago

Wall Street update: Tech leads stocks lower as treasury yields climb

Live Mint  

Stocks fell, with some of the world’s largest technology companies leading losses as Treasury yields climbed. “The Fed has hiked enough -- and quickly enough -- to make recession a base-case scenario in our book,” said Lauren Goodwin, economist and portfolio strategist at New York Life Investments. “Volatility and risk premia are likely to remain elevated as long as the …

Wall St falls as close race for Congress raises uncertainty
2 years, 1 month ago

Wall St falls as close race for Congress raises uncertainty

Live Mint  

US stock indexes fell on Wednesday as uncertainty around the outcome of a tightly contested midterm election weighed on the mood, with investor focus shifting to Thursday's inflation data for clues on the path of future interest rate hikes. the general rule of thumb as far as markets are concerned is gridlock is good - fewer policy changes and less …

Wall St drops as megacaps weigh amid Fed rate debate
2 years, 1 month ago

Wall St drops as megacaps weigh amid Fed rate debate

Live Mint  

Wall Street's main indexes fell on Monday, bogged down by a drop in shares of Apple and other megacaps, while investors braced for a hefty rate hike from the Federal Reserve this week and assessed the path of future interest rates. The U.S. Fed is set to meet on Tuesday and Wednesday, where policymakers are expected to deliver a fourth …

Wall St gains as upbeat corporate forecasts boost sentiment
2 years, 2 months ago

Wall St gains as upbeat corporate forecasts boost sentiment

Live Mint  

Wall Street's main indexes jumped on Thursday as upbeat results and forecasts from IBM, AT&T and Dow Inc brought back cheer to the markets that were briefly taken aback by the political turmoil in the United Kingdom. This comes after upbeat results from banks, Netflix Inc, Procter & Gamble Co and Travelers Companies Inc prompted analysts to raise third-quarter profit …

Wall St falls on worries of lower third-quarter corporate profit; Amgen jumps
2 years, 2 months ago

Wall St falls on worries of lower third-quarter corporate profit; Amgen jumps

Live Mint  

US stocks fell on Tuesday in the run-up to third-quarter results from companies as profit expectations drop amid rising interest rates and stubborn inflation, while gains in drugmaker Amgen limited declines on the Dow. With recent data on labor market and inflation suggesting more big rate hikes by the U.S. Federal Reserve, Wall Street's main indexes have been on a …

Wall Street struggles for direction as Fed’s rate hike expectation loom
2 years, 3 months ago

Wall Street struggles for direction as Fed’s rate hike expectation loom

Live Mint  

U.S. stock indexes struggled for direction on Wednesday and were set for sharp monthly declines as investors worried how much the Federal Reserve will hike interest rates to tame inflation, while chipmakers slid after tepid forecasts from Seagate and HP Inc. The three main indexes were on pace for their worst August performance since 2015, with the tech-heavy Nasdaq down …

Wall St climbs as signs of cooling inflation ease rate hike bets; Dow up 500 pts
2 years, 4 months ago

Wall St climbs as signs of cooling inflation ease rate hike bets; Dow up 500 pts

Live Mint  

Wall Street's main indexes rose more than 1% on Wednesday after data showing a slower-than-expected rise in inflation in July prompted traders to cut their bets on a third straight 75-basis-point interest rate hike in September. "The sign of slowing in the rate of inflation offers hope the Fed's rate increases won't need to go as far as previously thought," …

Wall St rises on Microsoft, Alphabet earnings as Fed ruling looms; Nasdaq up 2%
2 years, 4 months ago

Wall St rises on Microsoft, Alphabet earnings as Fed ruling looms; Nasdaq up 2%

Live Mint  

The tech-heavy Nasdaq led Wall Street's main indexes higher with gains of more than 2% on Wednesday as upbeat quarterly reports from Microsoft and Alphabet lifted sentiment ahead of a key U.S. interest rate decision later in the day. Alphabet Inc added 5.1% as better-than-expected sales at Google search ads brought relief after social media firm Snap Inc's warning last …

Wall St update: Dow rises at start of big earnings week, Microsoft drags Nasdaq
2 years, 4 months ago

Wall St update: Dow rises at start of big earnings week, Microsoft drags Nasdaq

Live Mint  

The Dow rose on Monday as investors braced for a Federal Reserve meeting during the week and earnings from some of the biggest companies to gauge the impact of a strong dollar and soaring inflation, while the Nasdaq dipped on declines in Microsoft. So with confidence coming back right now, it can also quickly dissipate if we have disappointments from …

Wall Street rises as earnings kick into high gear; Nasdaq up 111 pts
2 years, 5 months ago

Wall Street rises as earnings kick into high gear; Nasdaq up 111 pts

Live Mint  

Wall Street's main indexes rose on Tuesday as earnings season moves beyond big banks, with investors keeping a close watch on the impact of higher inflation on demand even as stronger dollar dents profit. A soaring U.S. currency led pharma major Johnson & Johnson to trim its annual adjusted profit view and IBM Corp to warn of a nearly $3.5 …

Wall St: Dow sheds over 500 pts, S&P 500 set for worst first-half since 1970
2 years, 5 months ago

Wall St: Dow sheds over 500 pts, S&P 500 set for worst first-half since 1970

Live Mint  

U.S. stocks tumbled on Thursday, setting the S&P 500 for its worst first six months since 1970, on concerns that central banks determined to tame inflation will hamper global economic growth. Federal Reserve Chair Jerome Powell on Wednesday vowed to not let the U.S. economy slip into a "higher inflation regime", even if it means raising interest rates to levels …

Wall St slips as investors await Fed decision
2 years, 6 months ago

Wall St slips as investors await Fed decision

Live Mint  

U.S. stocks extended losses on Tuesday, after a bruising selloff a day earlier pushed the S&P 500 to confirm a bear market, as investors braced for an aggressive interest rate hike from the Federal Reserve this week. The U.S. central bank is expected to raise interest rates by 75 basis points on Wednesday after last week's consumer price inflation data …

Wall St: S&P 500, Dow up after inflation data, Nasdaq down on rate hike worries
2 years, 7 months ago

Wall St: S&P 500, Dow up after inflation data, Nasdaq down on rate hike worries

Live Mint  

The S&P 500 and the Dow rose in choppy trading on Wednesday as banks and energy shares gained, while the tech-heavy Nasdaq came under pressure after inflation data cemented expectations of aggressive interest rate hikes. The Labor Department's report showed consumer price index rose 0.3% last month, the smallest gain since August, but still above economists' forecast of a 0.2% …

Wall St slips in choppy trading ahead of inflation data; Dow falls 179 points
2 years, 7 months ago

Wall St slips in choppy trading ahead of inflation data; Dow falls 179 points

Live Mint  

Wall Street's main indexes fell in volatile trading on Tuesday dragged down by banks and some megacap growth stocks as investors fretted over prospects of aggressive monetary tightening and slowing economic growth. Cleveland Fed President Loretta Mester said the U.S. economy will experience turbulence from the Federal Reserve's efforts to bring down inflation running at more than three times above …

Wall St: Nasdaq, S&P rise on tech boost after Biden-Xi talks
2 years, 9 months ago

Wall St: Nasdaq, S&P rise on tech boost after Biden-Xi talks

Live Mint  

The Nasdaq and the S&P 500 indexes inched higher in volatile trading on Friday as megacap stocks gained ground, while investors assessed talks between U.S. President Joe Biden and his Chinese counterpart Xi Jinping over the Ukraine conflict. "The geopolitical concerns are responsible for the vast majority of the market movement this week despite the fact that the Fed hiked …

Wall St: S&P 500, Dow surge over 1% amid Ukraine talks, prior to Fed decision
2 years, 9 months ago

Wall St: S&P 500, Dow surge over 1% amid Ukraine talks, prior to Fed decision

Live Mint  

Wall Street's main indexes jumped on Wednesday, propelled by technology and financial stocks, as signs of progress in Ukraine-Russia peace talks lifted sentiment ahead of a widely expected interest rate hike by the Federal Reserve. It gives the market a sense of comfort that the Fed is on the ball, they're going to start moving interest rates and we could …

Wall Street rises as Fed’s Powell says rate hikes on track
2 years, 9 months ago

Wall Street rises as Fed’s Powell says rate hikes on track

Live Mint  

U.S. stock indexes rose on Wednesday after a bruising start to the week, as Federal Reserve Chair Jerome Powell signaled the central bank would start raising rates this month despite uncertainties stemming from the Ukraine crisis. In prepared remarks for his testimony to the U.S. House of Representatives Financial Services Committee, Powell reiterated the core Fed narrative that high inflation …

Wall St: S&P 500, Nasdaq slip as Pfizer, megacap stocks drag
2 years, 10 months ago

Wall St: S&P 500, Nasdaq slip as Pfizer, megacap stocks drag

Live Mint  

The S&P 500 and the Nasdaq declined on Tuesday as disappointing earnings from Pfizer and declines in megacap technology names added to jitters ahead of inflation data this week that could spark bets on quicker interest rate hikes. Pfizer Inc fell 5.3% after the drugmaker's full-year sales forecast for its COVID-19 vaccine and antiviral pills fell short of Wall Street …

Wall St: S&P 500, Nasdaq rise after turbulent week; Peloton surges
2 years, 10 months ago

Wall St: S&P 500, Nasdaq rise after turbulent week; Peloton surges

Live Mint  

The S&P 500 and the Nasdaq rose on Monday after a week of choppy trading spurred on by mixed quarterly results from big technology companies, while Peloton jumped on media reports of interest from potential buyers including Amazon. The tech-heavy Nasdaq had a choppy start to February after Facebook owner Meta Platforms lost $200 billion from its market value on …

Wall St slides over 2% as tech rout deepens; Fed meeting eyed
2 years, 10 months ago

Wall St slides over 2% as tech rout deepens; Fed meeting eyed

Live Mint  

U.S. stock indexes slid on Tuesday, with the S&P 500 on track to confirm a correction as a selloff in technology stocks ahead of the Federal Reserve's policy meeting overshadowed upbeat results from blue-chip companies including IBM and 3M. The Fed will convene its two-day monetary policy meeting later in the day, which will be watched closely for cues on …

Wall St: Nasdaq tumbles 2%, Dow falls 1.13% as tech stocks extend slide
2 years, 11 months ago

Wall St: Nasdaq tumbles 2%, Dow falls 1.13% as tech stocks extend slide

Live Mint  

Wall Street's main indexes tumbled on Monday as heavyweight technology stocks dropped on expectations of a high interest rate environment, which pushed U.S. Treasury yields to fresh two-year highs and supported banks. Megacap companies including Apple Inc, Amazon.com Inc, Microsoft Corp, Meta Platforms Inc and Tesla Inc fell between 2.1% and 4.4% in early trading. The S&P 500 and the …

Wall St: Dow falls 200 pts as tax uncertainty outweighs easing inflation worries
3 years, 3 months ago

Wall St: Dow falls 200 pts as tax uncertainty outweighs easing inflation worries

Live Mint  

Wall Street indexes fell on Tuesday on uncertainty over a possible increase in corporate taxes, even though slowing growth in monthly consumer prices eased some fears of the Federal Reserve reducing stimulus early. Focus is now on the potential passage of U.S. President Joe Biden's $3.5 trillion budget package, which is expected to include a proposed corporate tax rate hike …

Wall Street update: US stocks tumble a day after Fed vows years of low rates
4 years, 3 months ago

Wall Street update: US stocks tumble a day after Fed vows years of low rates

Live Mint  

Wall Street's main indexes fell on Thursday after data showed high levels of weekly jobless claims, while technology-related stocks resumed their slide with Apple Inc and Amazon.com Inc among the biggest drags on the Nasdaq. Bank stocks slipped 1.4%, while the S&P 500 financials index fell 1.2%, a day after the Federal Reserve pledged to keep interest rates low for …

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