US stocks take a hit as Ukraine crisis stokes fear
2 years, 10 months ago

US stocks take a hit as Ukraine crisis stokes fear

Al Jazeera  

The Ukraine crisis has added to uncertainty about the path of the US Federal Reserve’s tightening plans to fight inflation. United States stocks slid on Thursday, with the S&P 500 marking its biggest daily percentage drop in two weeks, as investors shifted to defensive sectors and safe havens such as bonds and gold while geopolitical tensions between Washington and Russia over Ukraine flared. “The continued weakness, especially in the growth names, is indicative of elevated nervousness and sellers continuing to swamp buyers in just about every stock.” The defensive utilities and consumer staples sectors were Wall Street’s only advancers, with staples getting a lift from a 4.01 percent jump in Walmart after it posted record holiday sales. The Dow Jones Industrial Average fell 622.24 points, or 1.78 percent, to 34,312.03; the S&P 500 lost 94.75 points, or 2.12 percent, to 4,380.26; and the Nasdaq Composite Index dropped 407.38 points, or 2.88 percent, to 13,716.72. With the end of earnings season on the horizon, chipmaker Nvidia Corp tumbled 7.51 percent as flat gross margins and concern about its exposure to the crypto market overshadowed an upbeat current-quarter revenue forecast, and helped give the Philadelphia Semiconductor index its first daily decline this week.

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History of this topic

Stock market today: Wall Street slumps as good news for the economy is once again bad for stocks
2 days, 19 hours ago

Stock market today: Wall Street slumps as good news for the economy is once again bad for stocks

Associated Press  

NEW YORK — Good news on the U.S. economy is back to being bad for Wall Street, and the stock market slumped Tuesday following better-than-expected reports on the job market and business activity. Now that worries from the summer about a potentially slowing U.S. economy have abated and the 10-year Treasury yield is firmly above 4.50%, “we believe the market …

Wall Street slumps as good news for the economy is once again bad for stocks
2 days, 22 hours ago

Wall Street slumps as good news for the economy is once again bad for stocks

LA Times  

Good news for the U.S. economy is back to being bad for Wall Street, and the stock market slumped Tuesday following better-than-expected reports on the job market and business activity. But such a solid economy could also keep up pressure on inflation, and it could make the Federal Reserve less likely to deliver the cuts to interest rates that Wall …

Wall Street today: US stocks rise on final day of bullish 2024
Trending News
1 week, 2 days ago

Wall Street today: US stocks rise on final day of bullish 2024

Live Mint  

Wall Street stocks edged higher on the final trading session of 2024 on Tuesday, extending a bull run of the year fuelled by a nearly 100 basis point cut in interest rates by the US Federal Reserve and a boost from the AI revolution At 09:53 am, the Dow Jones Industrial Average rose 79.15 points, or 0.19 per cent, to …

Wall Street Today: US stocks extend holiday-thin trading dragged by Nvidia, set for 1% weekly gain; S&P up 25% YTD
1 week, 6 days ago

Wall Street Today: US stocks extend holiday-thin trading dragged by Nvidia, set for 1% weekly gain; S&P up 25% YTD

Live Mint  

Wall Street Today: Wall Street's main indices opened lower after US stocks fell in morning trading on Friday, December 27, dampening an upbeat holiday-shortened week that started looking like a classic "Santa Claus" rally was unfolding. The S&P 500 fell 1.4 per cent, with over 80 per cent of stocks in the benchmark index losing ground. MSCI's broad global share …

Wall Street rises to turn a dismal week into just a bad one
2 weeks, 6 days ago

Wall Street rises to turn a dismal week into just a bad one

Associated Press  

NEW YORK — U.S. stocks rose Friday to turn what would have been one of the market’s worst weeks of the year into just a pretty bad one. The threat of higher inflation was one of the reasons Fed Chair Jerome Powell gave this week when the central bank hinted it may deliver fewer cuts to interest rates next year …

Wall Street today: Dow rebounds 200 points after US Fed’s hawkish cut, set to snap 10-day decline; Accenture up 6.5%
3 weeks ago

Wall Street today: Dow rebounds 200 points after US Fed’s hawkish cut, set to snap 10-day decline; Accenture up 6.5%

Live Mint  

Wall Street Today: Wall Street's main indexes rebounded to gain some ground on Thursday, December 19, a day after the US Federal Reserve's projections of fewer-than-expected interest rate cuts and higher inflation in 2025 spooked investors and pummeled US stocks. The S&P 500 rose 0.4 per cent in morning trading, a day after tumbling 2.9 per cent when the US …

US stocks tumble as Federal Reserve eyes fewer 2025 rate cuts, Dow falls 2.6%
3 weeks, 1 day ago

US stocks tumble as Federal Reserve eyes fewer 2025 rate cuts, Dow falls 2.6%

Hindustan Times  

Wall Street stocks tumbled Wednesday after the Federal Reserve lowered interest rates but also slashed the number of 2025 rate cuts in its forecast. All three major indices finished firmly lower after the Fed projected just two interest rate cuts next year, down from four. Although stocks often enjoy a late-year bounce referred to as the "Santa Claus rally," Stovall …

Wall Street today: US stocks edge higher in anticipation of Fed rate cut, Nvidia rallies
3 weeks, 1 day 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, …

US stocks fall sharply and Dow tumbles 1,100 points after the Fed hints at just 2 rate cuts for 2025
3 weeks, 1 day ago

US stocks fall sharply and Dow tumbles 1,100 points after the Fed hints at just 2 rate cuts for 2025

Associated Press  

NEW YORK — U.S. stocks tumbled to one of their worst days of the year after the Federal Reserve hinted Wednesday it may deliver fewer shots of adrenaline for the U.S. economy in 2025 than earlier thought. The Fed said Wednesday it’s cutting its main interest rate for a third time this year, continuing the sharp turnaround begun in September …

U.S. stocks fall sharply and Dow loses 1,100 points after the Fed hints at just two rate cuts in 2025
3 weeks, 1 day ago

U.S. stocks fall sharply and Dow loses 1,100 points after the Fed hints at just two rate cuts in 2025

LA Times  

Specialist Meric Greenbaum listens on the floor of the New York Stock Exchange as the Federal Reserve’s rate decision is announced Wednesday. U.S. stocks tumbled to one of their worst days of the year after the Federal Reserve hinted Wednesday that it may deliver fewer shots of adrenaline for the U.S. economy in 2025 than earlier thought. The Fed said …

Wall Street: US stocks slip after strong retail sales data, Nvidia dips 3.5%, Pfizer jumps 4% — Why markets are falling
3 weeks, 2 days ago

Wall Street: US stocks slip after strong retail sales data, Nvidia dips 3.5%, Pfizer jumps 4% — Why markets are falling

Live Mint  

US stocks slipped on Tuesday, as investors become cautious ahead of the Federal Reserve's interest rate decision following strong retail sales data. At 9:41 am ET, the Dow Jones Industrial Average fell 231.55 points, or 0.53 per cent, to 43,487.22, the S&P 500 lost 28.68 points, or 0.47 per cent, to 6,045.40 and the Nasdaq Composite lost 97.40 points, or …

Stock market today: Nasdaq hits a record as Wall Street drifts ahead of Federal Reserve’s meeting
3 weeks, 3 days ago

Stock market today: Nasdaq hits a record as Wall Street drifts ahead of Federal Reserve’s meeting

Associated Press  

NEW YORK — U.S. stock indexes drifted amid mixed trading Monday, ahead of this week’s upcoming meeting by the Federal Reserve that could set Wall Street’s direction into next year. Broadcom leaped 11.2% to help lead the S&P 500 for a second straight day after delivering a profit report last week that beat analysts’ expectations. The market’s main event, though, …

Wall Street’s rally stalls as Nasdaq pulls back from its record
4 weeks ago

Wall Street’s rally stalls as Nasdaq pulls back from its record

LA Times  

People pass the New York Stock Exchange in New York’s Financial District on Wednesday. “One week doesn’t negate what has been a relatively steady stream of solid labor market data, but the Fed is primed to be sensitive to any signs of a softening jobs picture,” he said. He rang the bell marking the start of trading at the New …

Market dips amid Russia-Ukraine tensions and Fed rate cut uncertainty
1 month, 1 week ago

Market dips amid Russia-Ukraine tensions and Fed rate cut uncertainty

New Indian Express  

NEW DELHI: The Indian equity markets witnessed a sharp sell-off on Thursday, with the benchmark indices BSE Sensex and NSE Nifty 50 declining by approximately 1.5% each. The drop was primarily driven by heavy selling in IT stocks amid uncertainty over US interest rate cuts and escalating geopolitical tensions following Russia’s renewed attacks on Ukraine’s energy infrastructure. The overnight sell-off …

Stock market today: Losses for Big Tech pull US indexes lower
1 month, 1 week ago

Stock market today: Losses for Big Tech pull US indexes lower

Associated Press  

Technology stocks helped pull stocks lower on Wall Street Wednesday, handing the market its first loss in more than a week. Several personal computer makers also helped pull the market lower following their latest earnings reports. AP AUDIO: Stock market today: Wall Street wavers as Big Tech stocks fall AP correspondent Seth Sutel reports on the latest market movements. The …

Wall Street today: US stocks drop amid geopolitical tensions, Nvidia earnings in focus, Target tanks 20%
1 month, 2 weeks ago

Wall Street today: US stocks drop amid geopolitical tensions, Nvidia earnings in focus, Target tanks 20%

Live Mint  

US stocks dropped on Wednesday amid escalating geopolitical tensions between Russia and Ukraine, and as investors awaited chip giant Nvidia's quarterly results. At 09:53 am the Dow Jones Industrial Average rose 1.09 points to 43,270.03, the S&P 500 lost 20.79 points, or 0.35 per cent, to 5,896.19 and the Nasdaq Composite lost 94.90 points, or 0.50 per cent, to 18,892.57. …

Wall Street today: US stocks slip as investors rush to safe-haven assets on escalating Russia-Ukraine tensions
1 month, 3 weeks ago

Wall Street today: US stocks slip as investors rush to safe-haven assets on escalating Russia-Ukraine tensions

Live Mint  

US stock indices slipped on Tuesday, as investors rush to safe-haven assets on escalating tensions between Russia and Ukraine. The Dow Jones Industrial Average was down 0.8 per cent, and the Nasdaq Composite was 0.2 per cent lower. At the opening bell, the Dow Jones Industrial Average fell 146.3 points, or 0.34 per cent, to 43,243.27. The S&P 500 fell …

Wall Street today: S&P 500 falls toward worst loss since Election Day dragged by vaccine makers
1 month, 3 weeks ago

Wall Street today: S&P 500 falls toward worst loss since Election Day dragged by vaccine makers

Live Mint  

Wall Street today: US stocks are falling Friday toward their worst loss since Election Day as the big bump Wall Street got from last week's victory for Donald Trump and cut to interest rates by the US Federal Reserve keeps fading. The S&P 500 sank 1.1 per cent and was heading for a losing week and its worst day since …

Stock market today: Wall Street tumbles as the “Trump bump” fades and vaccine makers sink
1 month, 3 weeks ago

Stock market today: Wall Street tumbles as the “Trump bump” fades and vaccine makers sink

Associated Press  

NEW YORK — U.S. stocks tumbled Friday as the “Trump bump” that Wall Street got from last week’s presidential election, along with a cut to interest rates by the Federal Reserve, kept fading. “Kennedy’s appointment may make it less likely traditional qualified experienced staff will agree to join HHS, creating more uncertainty.” Biotech stocks broadly sank to some of the …

Stocks tumble on Wall Street as the ‘Trump bump’ fades and vaccine makers sink
1 month, 3 weeks ago

Stocks tumble on Wall Street as the ‘Trump bump’ fades and vaccine makers sink

LA Times  

Trader Robert Charmak works on the floor of the New York Stock Exchange last week. U.S. stocks tumbled Friday as the “Trump bump” that Wall Street got from last week’s presidential election, along with a cut to interest rates by the Federal Reserve, kept fading. Besides Friday’s hit to vaccine makers, Treasury yields have been climbing on both the economy’s …

Stocks fall as rally stalls, yields climb on Trump policy worry
Trending News
1 month, 4 weeks ago

Stocks fall as rally stalls, yields climb on Trump policy worry

Live Mint  

By Chuck Mikolajczak NEW YORK -A gauge of global stocks fell on Tuesday after five straight sessions of gains while the dollar hit its highest level in over four months as investors assess the impact of U.S. President-elect Donald Trump's likely policies on growth and inflation. But concerns that Trump's policies could rekindle inflation after a long battle to reduce …

Wall Street today: US stocks mixed ahead of presidential election, Nvidia rises 1.7%
2 months ago

Wall Street today: US stocks mixed ahead of presidential election, Nvidia rises 1.7%

Live Mint  

US stocks were mixed on Monday ahead of Tuesday’s presidential election and Federal Reserve’s expected rate cut decision later in the week. The Dow Jones Industrial Average was down 0.5 per cent, and the Nasdaq Composite was 0.1 per cent higher. The Dow Jones Industrial Average was down 0.3per cent and the Nasdaq Composite was 0.1per cent higher. At the …

Wall Street slumps to a rare three-day losing streak
2 months, 2 weeks ago

Wall Street slumps to a rare three-day losing streak

LA Times  

U.S. stocks fell Wednesday as more steam came out of Wall Street’s huge, record-breaking rally. The Dow Jones industrial average dropped 409 points, or 1%, while the Nasdaq composite tumbled 1.6%; Nvidia and other major tech stocks were among the market’s heaviest weights. McDonald’s helped pull the market lower, dropping 5.1% after federal health officials linked its Quarter Pounder burgers …

Wall Street retreats from records and oil prices jump after Iran’s missile attack on Israel
3 months, 1 week ago

Wall Street retreats from records and oil prices jump after Iran’s missile attack on Israel

LA Times  

U.S. stocks retreated from their records Tuesday after Iran fired missiles into Israel, a sharp escalation of tensions in the Middle East that investors fear could lead to disruptions in the flow of oil. Oil prices jumped amid speculation about how Israel and the United States may respond to Iran’s move. White House national security advisor Jake Sullivan called Iran’s …

Dow sets a record as Wall Street drifts to the finish of another winning week
3 months, 1 week ago

Dow sets a record as Wall Street drifts to the finish of another winning week

LA Times  

U.S. stocks closed another record-setting week with a muted performance Friday, as hope built on Wall Street that the U.S. economy can manage the rare feat of suppressing high inflation without causing a recession. U.S. employers have slowed their hiring, and the inflation report on Friday also showed that growth in U.S. consumer spending in August fell shy of economists’ …

Wall Street tumbles on worries about the economy; Dow drops more than 600 points
4 months ago

Wall Street tumbles on worries about the economy; Dow drops more than 600 points

LA Times  

U.S. stocks tumbled Tuesday to their worst day since an early August sell-off, as a week full of updates on the economy got off to a discouragingly weak start. Stocks of oil and gas companies were some of the market’s biggest losers after the price of crude oil fell roughly 4% on concerns about how much fuel a fragile global …

US stock market: Wall Street indices tumble ahead of Fed chair's Jackson Hole speech
4 months, 2 weeks ago

US stock market: Wall Street indices tumble ahead of Fed chair's Jackson Hole speech

Firstpost  

All three major US stock indexes lost ground, with technology shares leading the decline. The Dow Jones Industrial Average dropped 0.43 per cent to 40,712, the S&P 500 slipped 0.89 per cent to 5,570, and the Nasdaq Composite fell 1.67 per cent to 17,619. Market mover Nvidia, the biggest drag on the S&P 500, erased early gains and ended the …

Wall Street slips, breaking an 8-day winning streak for stocks
4 months, 2 weeks ago

Wall Street slips, breaking an 8-day winning streak for stocks

LA Times  

Pedestrians pass the New York Stock Exchange. It is one of Wall Street’s most influential stocks because a frenzy around artificial intelligence technology has made it one of the U.S. stock market’s most valuable companies at roughly $3 trillion. Expectations aren’t that high this time around, with nearly everyone already in agreement the Fed will begin cutting interest rates next …

Wall Street stocks plunge as fears grow that tech bubble has burst
5 months ago

Wall Street stocks plunge as fears grow that tech bubble has burst

The Telegraph  

Investors have ramped up bets that the US Federal Reserve will be forced into an emergency interest rate cut to support the economy as fears of recession grow. Shares plunged and bonds rallied amid growing fears that the world’s biggest economy is heading for recession and concern that an AI-fuelled stock bubble has burst. The tech-heavy Nasdaq Composite plummeted by …

Stock market today: Wall Street rolls to the edge of records as hopes remain for cuts to rates
5 months, 4 weeks ago

Stock market today: Wall Street rolls to the edge of records as hopes remain for cuts to rates

Associated Press  

NEW YORK — U.S. stocks rose Friday after some mixed signals on big banks’ profits and inflation did little to dent Wall Street’s belief that easier interest rates are on the way. In the bond market, which has been home to some of Wall Street’s strongest action this week, Treasury yields yo-yoed after the release of the latest update on …

Stock market today: Wall Street coasts to the close of another winning week as Nvidia cools again
6 months, 2 weeks ago

Stock market today: Wall Street coasts to the close of another winning week as Nvidia cools again

Associated Press  

NEW YORK — U.S. stocks coasted to the close of their latest winning week on Friday, as Nvidia ’s stock continued to cool from its startling, supernova run. AP AUDIO: Stock market today: Wall Street drifts as Nvidia loses some more momentum AP correspondent Seth Sutel has the AP Markets in a Minute report for the final day of the …

Stock market today: Nasdaq sets another record as Wall Street wins back earlier losses
7 months, 2 weeks ago

Stock market today: Nasdaq sets another record as Wall Street wins back earlier losses

Associated Press  

NEW YORK — U.S. stocks rose Friday in a bounce back from Wall Street’s worst day since April. CEO Barbara Rentler said several challenges, “including prolonged inflation, continue to squeeze our low-to-moderate income customers’ purchasing power.” Even though data on the overall, or macro, economy has been showing continued strength for spending by U.S. households, the numbers underneath the surface …

Stock market today: Tumbling tech stocks drag Wall Street to the finish line of another losing week
8 months, 3 weeks ago

Stock market today: Tumbling tech stocks drag Wall Street to the finish line of another losing week

Associated Press  

NEW YORK — The worst week for big technology stocks since the COVID crash in 2020 dragged Wall Street on Friday across the finish line of another losing week. Nvidia, another stock that has surged to dizzying heights due to Wall Street’s frenzy around artificial-intelligence technology, also gave up some of its big recent gains. Tech stocks in the S&P …

Stock market today: Wall Street falls sharply to close out its worst week since October
8 months, 4 weeks ago

Stock market today: Wall Street falls sharply to close out its worst week since October

Associated Press  

NEW YORK — U.S. stocks tumbled Friday following a mixed start to earnings reporting season. The S&P 500 sank 1.5% to close out its worst week since October, when a huge rally on Wall Street began. The nation’s largest bank gave a forecast for a key source of income this year that fell below Wall Street’s estimate, calling for only …

Stock market today: Asian shares drop after disappointing US inflation data sends Dow down
10 months, 3 weeks ago

Stock market today: Asian shares drop after disappointing US inflation data sends Dow down

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

US Market: Wall Street rises on strong GDP data, S&P 500 sets a new record
11 months, 2 weeks ago

US Market: Wall Street rises on strong GDP data, S&P 500 sets a new record

Live Mint  

US Market News: Thursday saw gains in most US stock as a result of the most recent indication that the economy is still far better than anticipated. With robust consumer spending driving faster-than-expected growth in the fourth quarter, the US economy defied grim forecasts of a recession following the Federal Reserve's aggressive hike in interest rates. The US Federal Reserve …

Stock market today: Wall Street hits 2023 high as it mulls whether economy is too warm or just right
1 year, 1 month ago

Stock market today: Wall Street hits 2023 high as it mulls whether economy is too warm or just right

Associated Press  

NEW YORK — Wall Street climbed back to its best level in 20 months on Friday following a stronger-than-expected report on the U.S. job market. Yields rose more sharply in the bond market following the report, which said U.S. employers added more jobs last month than economists expected. That in turn could dilute the central hope driving the stock market …

Stock market today: Asian shares mostly lower after Wall Street retreat deepens
1 year, 3 months ago

Stock market today: Asian shares mostly lower after Wall Street retreat deepens

Associated Press  

TOKYO — Shares in Asia were mostly lower on Wednesday after Wall Street’s ugly September got even worse, with benchmarks dropping back to where they were in June. While housing and manufacturing have felt the sting of high interest rates, the economy overall has held up well enough to raise worries that upward pressure still exists on inflation. Besides high …

Wall Street sinks as stocks tumble worldwide
1 year, 7 months ago

Wall Street sinks as stocks tumble worldwide

LA Times  

On Wall Street, the focus is squarely on Capitol Hill and the White House, where the latest battle between Democrats and Republicans is threatening to cause the nation’s first-ever default on its debt. The Standard & Poor’s 500 index dropped 0.7% after House Speaker Kevin McCarthy said Republicans and Democrats remain “far apart” in their efforts to prevent a potentially …

US stocks tumble after Fed rate hike, concerns on economy
1 year, 9 months ago

US stocks tumble after Fed rate hike, concerns on economy

Firstpost  

The tumble came after European markets made timid gains ahead of the US central bank’s rate decision, and follows a relief rally earlier this week New York: Wall Street stocks slumped Wednesday as the US Federal Reserve continued hiking interest rates to fight inflation, while noting that banking sector turmoil could weigh on the economy. In a statement, the Fed …

US Stocks Slump after Fed's Ninth Straight Rate Hike as Banking Turmoil Persists
1 year, 9 months ago

US Stocks Slump after Fed's Ninth Straight Rate Hike as Banking Turmoil Persists

News 18  

Wall Street stocks tumbled into the red on Wednesday after the Federal Reserve unveiled a ninth straight interest rate hike despite worries surrounding the banking sector. The Dow Jones Industrial Average ended 1.6 percent lower at 32,028.90 while the broad-based S&P 500 Index plunged 1.7 percent to 3,936.82. Fed Chair Jerome Powell stressed in a press conference that the central …

U.S. Stocks Fall As Bank Worries Spread To Europe
1 year, 9 months ago

U.S. Stocks Fall As Bank Worries Spread To Europe

Huff Post  

LOADING ERROR LOADING NEW YORK — Stocks are back to falling on Wall Street Wednesday as worries worsen about the strength of banks on both sides of the Atlantic. Wall Street’s harsh spotlight has intensified across the banking industry recently on worries about what may crack next following the second- and third-largest bank failures in U.S. history last week. While …

Global markets: US, European stocks rebound as inflation data offsets banking crisis fears
1 year, 9 months ago

Global markets: US, European stocks rebound as inflation data offsets banking crisis fears

Live Mint  

Shares in the US and Europe climbed back on Tuesday on softening US inflation data as it offset fears over banking crisis. After the closure of Silicon Valley Bank and Signature Bank, investors believe that the US Federal Reserve will slow the pace of interest rate hikes at its meeting next week. European stocks European stocks gained on Tuesday on …

Bank shares sink as Joe Biden fails to reassure markets
1 year, 9 months ago

Bank shares sink as Joe Biden fails to reassure markets

The Telegraph  

Joe Biden said "Americans can have confidence that the banking system is safe" as small bank shares crashed as markets opened in the US. Western Alliance Bancorp dropped nearly 75pc as the opening bell sounded while shares in First Republic Bank dropped 67pc. The major US banks were also hit, with Wells Fargo falling 7.5pc, Bank of America dropping 7.4pc, …

Stocks tumble as Wall Street wonders what will break next
1 year, 9 months ago

Stocks tumble as Wall Street wonders what will break next

Associated Press  

NEW YORK — Fear rattled Wall Street, and stocks tumbled Friday on worries about what’s next to break under the weight of rising interest rates following the biggest U.S. bank failure in nearly 15 years. That’s despite a highly anticipated report on Friday showing pay raises for workers are slowing and other signals Wall Street wants to see of cooling …

Wall Street indexes fall, pulled down by Meta platforms and banks
2 years, 1 month 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, 1 month 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 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 …

US stocks sink after Bank of England warning rattles investors
2 years, 2 months ago

US stocks sink after Bank of England warning rattles investors

Live Mint  

US stocks turned sharply lower in late trading after comments by the Bank of England chief on removing market support rattled investor sentiment. “When Andrew Bailey makes a comment that he will stop QE on Friday, this is going to be an interesting test,” Jimmy Chang, chief investment officer at Rockefeller Global Family Office, said on BTV. We’ll see.” Risk …

Stocks close lower on Wall Street ahead of earnings reports
2 years, 2 months ago

Stocks close lower on Wall Street ahead of earnings reports

Live Mint  

Stocks are closing lower on Wall Street ahead of the beginning of the corporate earnings reporting season, which will provide insight into how high inflation and rising interest rates have been affecting U.S. companies. Stocks are edging lower on Wall Street in afternoon trading Monday as investors look ahead to the latest round of corporate earnings reports and a busy …

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