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

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* 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 Bessent's nomination as U.S. Treasury secretary helped push bond yields lower. The nomination of Bessent has eased some of the fiscal concerns that had pushed bond yields higher ahead of the elections about possible new tariffs. "This time, focus is on tariff policy – especially now that the choice of Scott Bessent as Treasury secretary seems to have allayed major fiscal concerns," said James Reilly, senior market economist at market desk Capital Economics. The small-cap index hit an all-time high, eclipsing the record level it touched three years ago, as Treasury yields dropped sharply, with the 30-year bond leading the yield declines across the board.

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Wall St Week Ahead-Fed rate view in focus as robust stocks year draws to close
1 week, 1 day ago

Wall St Week Ahead-Fed rate view in focus as robust stocks year draws to close

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* Fed widely expected to cut rates by 25 bps on Wednesday * Some investors brace for "hawkish cut," with Fed suggesting pause in easing cycle * S&P 500 up 27% in 2024, with Nasdaq breaching 20,000 as latest equities milestone By Lewis Krauskopf NEW YORK, Dec 13 - A banner year for U.S. stocks gets one of its last …

Wall St Week Ahead-Fed rate view in focus as robust stocks year draws to close
1 week, 3 days ago

Wall St Week Ahead-Fed rate view in focus as robust stocks year draws to close

Live Mint  

* Fed widely expected to cut rates by 25 bps on Wednesday * Some investors brace for "hawkish cut," with Fed suggesting pause in easing cycle * S&P 500 up 27% in 2024, with Nasdaq breaching 20,000 as latest equities milestone By Lewis Krauskopf NEW YORK, Dec 13 - A banner year for U.S. stocks gets one of its last …

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

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

Wall St falls as close race for Congress raises uncertainty

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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

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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 ticks lower as rate worries persist
2 years, 3 months ago

Wall St ticks lower as rate worries persist

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Wall Street's main indexes edged lower on Thursday dragged down by technology and growth stocks as investors worried about the U.S. Federal Reserve's aggressive approach to tame inflation ahead of an interest rate decision next week. Data earlier on Thursday showed U.S. retail sales unexpectedly rose 0.3% in August, in a sign the economy could tolerate higher interest rates as …

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

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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 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

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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 …

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

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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 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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