US economy suffers worst slump since GFC due to coronavirus, but share markets rally on Fed
4 years, 8 months ago

US economy suffers worst slump since GFC due to coronavirus, but share markets rally on Fed

ABC  

Australian stocks have closed higher, after the US central bank pledged to act "aggressively", as the US economy suffered its worst quarterly slump since the global financial crisis. Key points: The ASX 200 rose 2.4 per cent, led by a surge in the energy sector The ASX 200 rose 2.4 per cent, led by a surge in the energy sector It follows gains Wall Street overnight, as the US Federal Reserve pledged to use its "full range of tools" to help the economy It follows gains Wall Street overnight, as the US Federal Reserve pledged to use its "full range of tools" to help the economy In the first three months of 2020, the US economy shrank at the fastest pace since the global financial crisis. Shares in Woolworths fell 0.8 per cent, after saying comparable supermarket sales rose 10.3 per cent in the first three months of the year, amid coronavirus panic buying, compared to a 13.1 per cent jump at rival Coles. US Fed pledges 'aggressive' action In the US, the Commerce Department said gross domestic product fell by 4.8 per cent from January to March compared to the last three months of 2019.

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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, 17 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, 19 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 …

Sensex rises over 300 points, Nifty hits day’s high; Tata Motors rises 2 per cent
2 weeks, 2 days ago

Sensex rises over 300 points, Nifty hits day’s high; Tata Motors rises 2 per cent

India TV News  

Indian stock markets opened marginally higher on Tuesday, December 24, ahead of the Christmas holiday. External factors, such as the strong dollar and high bond yields, and internal factors like growth and earnings slowdown, will restrain the bulls. Investors should prioritize safety over returns in this environment.” Sectoral Performance and Stock Movers Among sectoral indices, Nifty Auto, Nifty FMCG, Nifty …

Wall Street heads for upbeat open as investors cheer US inflation data
Trending News
2 weeks, 3 days ago

Wall Street heads for upbeat open as investors cheer US inflation data

Live Mint  

* Dollar gains, S&P futures up 0.1% * Futures imply two Fed rate cuts in 2025 * Dollar remains strong on high bond yields By Amanda Cooper LONDON, Dec 23 - U.S. stock futures rose on Monday, pointing to an upbeat start on Wall Street following a U.S. inflation reading last week that offered some hope for further policy easing …

Stocks rally as investors cheer US inflation relief
2 weeks, 3 days ago

Stocks rally as investors cheer US inflation relief

Live Mint  

By Amanda Cooper and Wayne Cole LONDON/SYDNEY - Global shares were boosted on Monday by a U.S. inflation reading offering some hope for further policy easing next year, along with relief that Washington had averted a government shutdown. The euro has hit two year lows in recent weeks and is also heading for its weakest quarterly performance against the dollar …

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, …

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 …

US stocks end higher ahead of Fed, bitcoin surges
3 weeks, 2 days ago

US stocks end higher ahead of Fed, bitcoin surges

Live Mint  

By Stephen Culp NEW YORK - Megacap tech shares muscled the S&P 500 and the Nasdaq to higher closes on Monday as U.S. Treasury yields paused and investors readied for a busy central bank week. Investors will scrutinize the Fed's Summary of Economic Projections and its "dot plot," which maps out the central bank's future rate cut path, which has …

Wall Street today: US stocks end lower as investors eye inflation data, Nvidia slumps 2.5% on China probe
1 month ago

Wall Street today: US stocks end lower as investors eye inflation data, Nvidia slumps 2.5% on China probe

Live Mint  

US stock market indices ended lower on Monday weighed down by tech stocks amid fall in AI leader Nvidia stock price and ahead of the release of crucial inflation data later this week. Advanced Micro Devices shares plunged 5.7% after BofA Global Research downgraded its rating on the stock, Comcast share price tanked 9.5%, while Hershey stock price surged 10.9% …

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 …

Stocks fall as rally stalls, yields climb on Trump policy worry
Trending News
1 month, 3 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 stock indices at record high as post-election rally continues, Tesla climbs 8%
1 month, 4 weeks ago

Wall Street today: US stock indices at record high as post-election rally continues, Tesla climbs 8%

Live Mint  

US stock indices surged to record high on Monday, following last week’s rally as optimism on proposed tax cuts and expectations of an easier regulatory environment after Donald Trump won the US presidency continued. The Dow Jones Industrial Average rose 390.08 points, or 0.89 per cent, to 44,379.07, the S&P 500 gained 13.36 points, or 0.22 per cent, to 6,008.90, …

Rising tech stocks send Nasdaq to a record as most of Wall Street stumbles
2 months, 1 week ago

Rising tech stocks send Nasdaq to a record as most of Wall Street stumbles

LA Times  

Rallying technology stocks sent the Nasdaq composite index to a record on Tuesday, but trading was mixed elsewhere on Wall Street as home builders and Ford Motor sank after the latest profit reports. The S&P 500 rose 0.2%, inching closer to its all-time high set earlier this month, even though most of the stocks in the index fell for 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 …

How major US stock indexes fared Thursday, 8/15/2024
4 months, 3 weeks ago

How major US stock indexes fared Thursday, 8/15/2024

Associated Press  

Wall Street rallied closer to its record highs following signs that the U.S. economy is holding up better than expected. The Dow Jones Industrial Average jumped 1.4%, and the Nasdaq composite added 2.3%. On Thursday: The S&P 500 rose 88.01 points, or 1.6%, to 5,543.22. The Dow Jones Industrial Average rose 554.67 points, or 1.4%, to 40,563.06. The Russell 2000 …

Wall Street rallies to one of its best days of the year after inflation report
4 months, 3 weeks ago

Wall Street rallies to one of its best days of the year after inflation report

LA Times  

The Standard & Poor’s 500 jumped 1.7% after the government reported that inflation at the wholesale level slowed last month by more than economists expected. The Standard & Poor’s 500 jumped 1.7% for its third-best day of 2024 after the U.S. government reported inflation at the wholesale level slowed last month by more than economists expected. Treasury yields eased in …

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 …

Fears US economy headed towards recession spark jitters across global markets
5 months ago

Fears US economy headed towards recession spark jitters across global markets

ABC  

There are genuine concerns the world's largest economy is heading toward a recession, and the fear is gripping global financial markets. "Shares went sky high into July on the back of better news on inflation, increasing optimism about lower interest rates ahead and optimism about IT and AI-related earnings," Mr Oliver, who manages $3 billion in investments, said. The US …

Stock market today: Worries about the economy hit Wall Street, and the Dow drops nearly 500 points
5 months, 1 week ago

Stock market today: Worries about the economy hit Wall Street, and the Dow drops nearly 500 points

Associated Press  

NEW YORK — Just a day after rallying on hopes that the Federal Reserve is about to cut interest rates, U.S. stocks tumbled Thursday after weak data raised worries the Fed may have missed its window to do so before undercutting the economy’s growth. Together, the data likely remove upward pressure on inflation and give more leeway for the Federal …

Global stock markets move higher amid gains for US tech giants
5 months, 4 weeks ago

Global stock markets move higher amid gains for US tech giants

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 Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Top US and European stock …

Stock market today: Asian stocks follow Wall Street rise, but Nvidia tumbles again as AI mania cools
6 months, 2 weeks ago

Stock market today: Asian stocks follow Wall Street rise, but Nvidia tumbles again as AI mania cools

The Independent  

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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: 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: Markets decline in early trade after record-breaking rally
8 months, 4 weeks ago

Stock Market Today: Markets decline in early trade after record-breaking rally

The Hindu  

Equity benchmark indices declined in early trade on April 12 after a record-breaking rally in the previous trade as investors went in for profit-taking amid weak trends from Asian markets. The hotter-than-expected U.S. inflation data also hit investors' sentiment as it reduced hopes of rate cuts by the Federal Reserve. From the global equity market perspective, sticky U.S. inflation is …

Stock Market Today: Sensex surges 24 points to 72,450, Nifty at 22,073
10 months, 3 weeks ago

Stock Market Today: Sensex surges 24 points to 72,450, Nifty at 22,073

India TV News  

The Sensex and Nifty experienced marginal gains in early trading on Monday as investors sought firm cues amidst mixed trends in Asian markets. Meanwhile, the broader Nifty rose by 32.35 points, or 0.15 per cent to 22,073.05 points, with 26 scrips in the index displaying positive trends. With the US market closed on Monday for President's Day, last week's trading …

Recession has struck some of world’s top economies; US keeps defying expectations
10 months, 3 weeks ago

Recession has struck some of world’s top economies; US keeps defying expectations

New Indian Express  

Several unique characteristics of the US economy have sheltered it from recessionary storms, analysts say. The US government provided about $5 trillion in pandemic aid in 2020-2021, far more than overseas counterparts, which left most households in much better financial shape and supported consumer spending well into 2023. “But also the structure of our economy is so much different.” Americans …

Global market update: US stocks end flat as earnings offset inflation data
11 months, 3 weeks ago

Global market update: US stocks end flat as earnings offset inflation data

Live Mint  

Global market update: Following mixed bank earnings offset cooler-than-expected inflation news that buoyed hopes for interest-rate cuts from the Federal Reserve, US stock market ended flat after trading range-bound throughout the Friday session. Dow Jones index finished 0.31 per cent lower, tech-heavy Nasdaq ended 0.02 per cent higher while S&P 500 added 0.08 per cent. JPMorgan Chase edged 0.73 per …

Global stock markets slump as US data shows economic activity cooling
1 year ago

Global stock markets slump as US data shows economic activity cooling

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 Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Top global stock markets slumped …

Global Markets: US stocks gain ahead of economic data
1 year ago

Global Markets: US stocks gain ahead of economic data

Live Mint  

US stock indices edged higher on Monday ahead of the economic data this week that could offer insights on the Federal Reserve’s next monetary policy. The Dow Jones Industrial Average rose 34.98 points, or 0.12%, at the open to 37,352.14. This week investors will keenly watch economic data that include personal consumption expenditures, revised GDP data, US current account data, …

From New York to Tokyo, stock markets around the world have rallied in 2023
1 year ago

From New York to Tokyo, stock markets around the world have rallied in 2023

Associated Press  

NEW YORK — It’s been a great year for stock markets around the world. Even in Japan, which has been home to some of the world’s most disappointing stocks for decades, the market marched upward to touch its highest level since shortly after its bubble burst in 1989. This year’s big gains for global markets may carry a downside, though: …

Stock markets surge to lifetime highs, Sensex hits 70,205; banking stocks lead the rally
1 year ago

Stock markets surge to lifetime highs, Sensex hits 70,205; banking stocks lead the rally

India TV News  

In a remarkable upswing, the stock market witnessed significant gains on Thursday, the day of the weekly expiry. Image Source : BSESensex Dalal Street resumed its party on Thursday, with the benchmark indices zooming in early trade on the back of a dovish stand by the US Federal Reserve that has spurred hopes of rate cuts by the American central …

Global markets today: US stocks rise, yields up, oil falls
1 year, 2 months ago

Global markets today: US stocks rise, yields up, oil falls

Live Mint  

World markets today: In the global markets, the US stocks and the European shares gained as investors remained risk-averse on prospects of escalation in the Middle East conflict. Wall Street US stocks and treasury yields surged on Monday as investors look forward to third quarter earnings. The pan-European STOXX 600 closed 0.2% higher with miners and retail stocks leading sectoral …

Global Market Update: Dow, S&P 500 slump, US Treasury yields hit 16-year high
1 year, 3 months ago

Global Market Update: Dow, S&P 500 slump, US Treasury yields hit 16-year high

Live Mint  

Global Market Update: The Dow and S&P 500 were lower on Monday with utilities falling sharply, Nasdaq barely changed as investors weighed the likelihood that the Fed will hold interest rates higher for longer. Majority of US stocks fell alongside oil-and-gas stocks, with 85% of S&P 500 stocks dropping, but gains for Apple and some other influential Big Tech stocks …

FTSE rallies as housebuilders buoyed by inflation fall
1 year, 5 months ago

FTSE rallies as housebuilders buoyed by inflation fall

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 Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. It followed official figures showing the UK’s Consumer Prices …

Global shares jump on Wall Street’s return to its highest level in over a year
1 year, 5 months ago

Global shares jump on Wall Street’s return to its highest level in over a year

The Hindu  

Global shares rose on July 13, boosted by Wall Street's return to its highest level in more than a year after a report showed U.S. consumer inflation cooled a bit more than expected last month. Chinese exports tumbled 12.4% in June from a year earlier as demand weakened after the Central Bank raised interest rates to curb inflation even as …

Markets climb in early trade on firm global trends; Rupee rises against dollar
1 year, 5 months ago

Markets climb in early trade on firm global trends; Rupee rises against dollar

India TV News  

Stock markets: Equity benchmark indices rallied in early trade on Tuesday tracking a positive trend in the global markets and unabated foreign fund inflows. "Overnight rally in the US markets and early gains in Asian gauges could fuel optimism in local shares, as investors are likely to follow suit and maintain the buying momentum. Rupee rises 21 paise against dollar …

Stock market today: Another rally sends Wall Street nearly 16% higher for the first half of the year
1 year, 6 months ago

Stock market today: Another rally sends Wall Street nearly 16% higher for the first half of the year

Associated Press  

NEW YORK — Wall Street blazed to another rally Friday to close a winning week, month and first half of the year after reports suggested pressure on inflation may be easing. “And we’ve just seen, on both fronts, outperformance.” Not only that, Wall Street hopes inflation is cooling enough for the Federal Reserve to soon halt its hikes to rates. …

Global markets update: US stocks rise as major banks clear Fed’s stress test
1 year, 6 months ago

Global markets update: US stocks rise as major banks clear Fed’s stress test

Live Mint  

US stocks rose on Thursday as banks rallied after Federal Reserve's annual stress test showed that the biggest US banks have enough capital to weather a severe economic slump. Energy prices Brent crude for August delivery rose 31 cents to $74.34 a barrel on Thursday. Canada Canada stocks rose on Thursday, with the Toronto Stock Exchange's S&P/TSX composite index closing …

Equity markets rally in early trade; Rupee rises 5 paise against dollar
1 year, 7 months ago

Equity markets rally in early trade; Rupee rises 5 paise against dollar

India TV News  

Stock markets: Equity benchmark indices extended their previous day's rally on Friday amid buying in index major Reliance Industries, fresh foreign fund inflows and a largely positive trend in global markets. "However, amidst this prevailing optimism, we must be wary of the unresolved US debt ceiling," Prashanth Tapse - Research Analyst, Senior VP, Mehta Equities Ltd, said in his pre-market …

Stock market today: Wall Street bounces ahead of jobs report
1 year, 8 months ago

Stock market today: Wall Street bounces ahead of jobs report

India TV News  

Washington: Wall Street climbed on Friday ahead of new data on US jobs after a rough week for banks that have been caught up in the Fed's fight against inflation. Futures for the Dow Jones industrials rose 0.5 per cent before the bell and the S and P 500 edged 0.7 per cent higher. PacWest Bancorp, whose shares lost half …

US Stocks Rally Amid Strong Earnings and Signs of Dampening Economy
1 year, 8 months ago

US Stocks Rally Amid Strong Earnings and Signs of Dampening Economy

News 18  

U.S. stocks rallied and Treasury yields resumed their climb on Thursday as market participants digested solid earnings amid signs of a dampening economy. “It’s tough to know how much good news is good news, and vice versa, when it comes to what the Fed has to do.” The Dow Jones Industrial Average rose 479.55 points, or 1.44 percent, to 33,781.42; …

Asian markets rise after Wall St losses amid recession fears
1 year, 11 months ago

Asian markets rise after Wall St losses amid recession fears

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 Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Asian stock markets rose Friday …

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 …

Global stocks to grind higher, lacklustre year ahead
2 years, 1 month ago

Global stocks to grind higher, lacklustre year ahead

Live Mint  

The global economy needs to find a more solid footing before most stock markets to break out of their torpor, according to market strategists polled by Reuters who have broadly cut their 2023 forecasts compared with three months ago. Much will depend on how much longer central banks persist with their current mantra that interest rates, while perhaps rising in …

U.S. stock indexes fall as coronavirus lockdown protests spread in China
2 years, 1 month ago

U.S. stock indexes fall as coronavirus lockdown protests spread in China

LA Times  

Stocks closed lower on Monday as the market reacted to weekend protests in China over its strict COVID-19 lockdowns. A broad slide on Wall Street left stocks lower Monday as global financial markets reacted to protests in China calling for President Xi Jinping to step down amid growing anger over severe COVID-19 restrictions. The world’s second-largest economy has been stifled …

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 …

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