Wall Street today: US stocks advance after Scott Bessent’s nomination as Treasury Secretary
4 weeks ago

Wall Street today: US stocks advance after Scott Bessent’s nomination as Treasury Secretary

Live Mint  

US stocks advanced on Monday after Scott Bessent was nominated as Treasury Secretary in the incoming Donald Trump administration. At 09:50 a.m. the Dow Jones Industrial Average rose 459.25 points, or 1.03 per cent, to 44,753.77, the S&P 500 gained 43.12 points, or 0.72 per cent, to 6,012.50 and the Nasdaq Composite gained 153.88 points, or 0.81 per cent, to 19,157.53. Bank stocks edged higher on the announcement, with Goldman Sachs rising 0.4 per cent, JPMorgan Chase & Co adding 0.6 per cent and Morgan Stanley up 0.6 per cent. Retail trading platform Robinhood Markets advanced 4 per cent after Morgan Stanley raised its rating on the stock. In the bond market, the yield on the 10-year Treasury fell to 4.29 per cent on Monday, down from 4.41 per cent late on Friday.

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History of this topic

US stocks end higher ahead of Fed, bitcoin surges
6 days, 20 hours 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 edge higher after strong jobs data
2 weeks, 3 days ago

Wall Street today: US stocks edge higher after strong jobs data

Live Mint  

Wall Street stocks edged higher on Friday after payrolls data showed growth in jobs in November. As of 10:05 am Eastern time, the S&P 500 added 0.3 per cent, the Dow Jones Industrial Average was or 0.1 per cent higher, and the Nasdaq Composite climbed 0.6 per cent. At the opening bell, the Dow Jones Industrial Average rose 58.6 points, …

Wall Street today: US stocks mixed amid strong Black Friday sales, manufacturing report
3 weeks ago

Wall Street today: US stocks mixed amid strong Black Friday sales, manufacturing report

Live Mint  

US stock indices were mixed on Monday amid signs of strong Black Friday sales and after a report showed the US manufacturing sector is doing slightly better than feared. ET, the Dow Jones Industrial Average fell 102.81 points, or 0.23 per cent, to 44,807.84, the S&P 500 gained 11.19 points, or 0.19 per cent, to 6,043.57 and the Nasdaq Composite …

Wall Street veteran Scott Bessent tapped as Donald Trump's treasury secretary
4 weeks, 1 day ago

Wall Street veteran Scott Bessent tapped as Donald Trump's treasury secretary

India Today  

President-elect Donald Trump on Friday said he will nominate prominent investor Scott Bessent as US Treasury secretary, ending days of twists that saw high profile candidates pitted against each other for the cabinet position with vast influence over economic, regulatory and international affairs. Bessent follows other financial luminaries who have taken the job, including former Goldman Sachs executives Robert Rubin, …

Stocks notch strong weekly gain, US yields slip as markets eye Trump policies
1 month ago

Stocks notch strong weekly gain, US yields slip as markets eye Trump policies

Live Mint  

By Chibuike Oguh NEW YORK -Global stocks registered a strong weekly gain on Friday while U.S. Treasury yields slipped as markets eyed President-elect Donald Trump's likely policies and their impact on the U.S. economy, even as bitcoin traded near the $100,000 threshold. Nvidia, the world's most valuable company, ended down 3.2% after the artificial intelligence chipmaker reported strong quarterly results …

Trump nominates Wall Street investor Scott Bessent as treasury secretary
1 month ago

Trump nominates Wall Street investor Scott Bessent as treasury secretary

NPR  

Trump nominates Wall Street investor Scott Bessent as treasury secretary toggle caption DOMINIC GWINN/Middle East Images/AFP via Getty Scott Bessent, the little-known Wall Street investor who became one of President-elect Donald Trump's top economic advisers, has been nominated to be the next treasury secretary in Trump's new administration. "Mr. Trump has a mandate to reprivatize the U.S. economy through deregulation …

Wall Street today: US stocks slip as investors rush to safe-haven assets on escalating Russia-Ukraine tensions
1 month 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: US stocks mixed as investors eye Nvidia earnings, Tesla surges over 7%
1 month ago

Wall Street today: US stocks mixed as investors eye Nvidia earnings, Tesla surges over 7%

Live Mint  

US stocks were mixed on Monday, as investors awaited crucial earnings especially from chip giant Nvidia and on lingering concerns that the Federal Reserve is not in a rush to cut interest rates further. The Dow Jones Industrial Average fell 35.21 points, or 0.08 per cent, to 43,409.78, the S&P 500 rose 5.59 points, or 0.10 per cent, to 5,876.21 …

Stock market today: Wall Street rises following last week’s slide
1 month ago

Stock market today: Wall Street rises following last week’s slide

Associated Press  

NEW YORK — Most U.S. stocks ticked higher Monday to recover some of their sharp slide from last week. Investors had sent the S&P 500 nearly 4% higher in the days immediately following Trump’s presidential win. Bank stocks, smaller companies and other areas of the market seen as the biggest winners from Trump’s preference for lower tax rates, higher tariffs …

Stocks tumble on Wall Street as the ‘Trump bump’ fades and vaccine makers sink
1 month, 1 week 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, 1 week 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, 1 week 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, …

Stock market today: Stocks, bond yields and bitcoin advance with US vote count uncertain
Trending News
1 month, 2 weeks ago

Stock market today: Stocks, bond yields and bitcoin advance with US vote count uncertain

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 {{ …

Stocks rise, Treasuries steady as markets brace for US vote
1 month, 2 weeks ago

Stocks rise, Treasuries steady as markets brace for US vote

Live Mint  

By Koh Gui Qing and Lawrence White NEW YORK -World stocks rose and Treasury yields rebounded on Tuesday while an index of market volatility retreated, as markets awaited early indications of the outcome of the knife-edge U.S. presidential election, with only currency markets showing some jitters. Yields spiked higher earlier even as investors widely expect the Federal Reserve to cut …

Wall Street today: US stocks rally, led by chips & techs as investors await election outcome
1 month, 2 weeks ago

Wall Street today: US stocks rally, led by chips & techs as investors await election outcome

Live Mint  

US stocks rallied on Tuesday with chips and technology shares climbing as strong economic data boosted sentiments, while investors awaited the outcome of the tightly contested presidential election and other potentially market-rattling events this week. The Dow Jones Industrial Average rose 382.09 points, or 0.91 per cent, to 42,176.69, the S&P 500 gained 59.65 points, or 1.04 per cent, at …

Wall Street drifts ahead of election day and a manic week for markets
1 month, 2 weeks ago

Wall Street drifts ahead of election day and a manic week for markets

LA Times  

A screen on the floor of the New York Stock Exchange on Monda shows a broadcast talking about presidential hopefuls Kamala Harris and Donald Trump. And in 2020, U.S. stocks climbed immediately after election day and kept going even after former President Trump refused to concede and challenged the results, creating plenty of uncertainty. A Trump victory would be less …

Wall Street slides after Treasury yields climb back above 4% and oil rises
2 months, 2 weeks ago

Wall Street slides after Treasury yields climb back above 4% and oil rises

LA Times  

U.S. stocks slid Monday after Treasury yields hit their highest levels since the summer and oil prices continued to climb. But Friday’s jobs report was so strong that it also forced traders to ratchet back forecasts for how much the Fed will ultimately cut interest rates. It’s more difficult to look attractive to investors seeking income when a 10-year Treasury …

Wall Street hits more records as Tesla stock zooms
5 months, 3 weeks ago

Wall Street hits more records as Tesla stock zooms

LA Times  

The Fearless Girl statue faces the New York Stock Exchange. Stocks got a lift from easing Treasury yields after the head of the Federal Reserve made comments that investors took as a signal for possible cuts to interest rates later this year. Although plentiful job openings are great news for workers, the fear on Wall Street is that too strong …

Wall Street today: US stocks gain after producer prices data, Jerome Powell’s comments
7 months, 1 week ago

Wall Street today: US stocks gain after producer prices data, Jerome Powell’s comments

Live Mint  

US stock indices edged higher on Tuesday after stronger-than-expected producer prices inflation and Federal Reserve Chair Jerome Powell downplayed potential for a rate hike despite higher price pressures. Speaking at a banking event in Amsterdam, Federal Reserve Chair Jerome Powell said that the central bank is unlikely to raise its key interest rate in response to signs of stubborn inflation. …

Stock market today: Wall Street gains ground following surprisingly strong US jobs report
8 months, 2 weeks ago

Stock market today: Wall Street gains ground following surprisingly strong US jobs report

Associated Press  

Stocks ended solidly higher and bond yields rose Friday as Wall Street welcomed a surprisingly strong U.S. jobs report. However, Friday’s report showed that wages rose a modest 0.3% for the month, which puts less upward pressure on inflation, and Wall Street still expects the Fed to begin cutting rates in June. The bond market may be signaling concern about …

US Market: Wall Street rises on strong GDP data, S&P 500 sets a new record
10 months, 3 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 …

Stocks fall on Wall Street after 10-year Treasury yield climbs to the cusp of 5%
1 year, 2 months ago

Stocks fall on Wall Street after 10-year Treasury yield climbs to the cusp of 5%

LA Times  

The Fed is trying to push inflation lower, and high interest rates do that by dragging on investment prices, corporate profits and the overall economy. Yields swung after the Federal Reserve’s chair said again that the central bank will watch how the economy and inflation trend before making upcoming decisions on interest rates. It’s already pulled its main overnight interest …

Stock market today: Wall Street bounces ahead of jobs report
1 year, 7 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 …

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 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 gain, Treasury yields hit multi-year highs ahead of expected rate hike
2 years, 7 months ago

US stocks gain, Treasury yields hit multi-year highs ahead of expected rate hike

Live Mint  

Wall Street recovered some lost ground on Monday and benchmark U.S. Treasury yields hit a 3-1/2-year high at the start of an eventful week of corporate earnings, economic data, and an expected interest rate hike from the U.S. Federal Reserve. All three major U.S. stock indexes were last modestly green as the 10-year Treasury yield crept closer to the 3% …

US stocks mixed as Nasdaq drags on Wall Street, bond yields dip
2 years, 8 months ago

US stocks mixed as Nasdaq drags on Wall Street, bond yields dip

Business Standard  

By Pete Schroeder WASHINGTON -U.S. stocks ended in mixed territory on Wednesday as the tech-heavy Nasdaq was dragged down by bleak Netflix earnings, while bond yields dipped after a recent strong run. The Dow Jones Industrial Average ended higher for the second straight day, the S&P 500 was flat, and the Nasdaq Composite fell sharply after Netflix reported it had …

Wall Street update: US stocks rise on stimulus talks; treasuries drop
4 years ago

Wall Street update: US stocks rise on stimulus talks; treasuries drop

Live Mint  

US stocks halted the longest slump since September, with investors taking comfort in the vaccine rollout and progress on stimulus talks. “The markets really locked into the optimism trade and it’s been heavily discounting bad news and focusing on good news,” said Olivia Engel, chief investment officer of active quantitative equity at State Street Global Advisors. “I’m not surprised the …

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