The US Fed raised the target range for the federal funds rate by another 75 bps to 2.25-2.50 per cent in its July meeting. The FOMC statement has downgraded its assessment of the economic situation
Speaker Nancy Pelosi expected in Taipei later today; Caterpillar falls after missing sales estimates; Uber gains after reporting positive cash flow
Walmart cuts profit forecast, drags retailers; McDonald's up as sales and profit top estimates; GE jumps on higher profit, Coca-Cola up on forecast raise
The S&P 500 was up 5.49 points, or 0.14%, at 3,967.12, while the Nasdaq Composite was down 26.93 points, or 0.23%, at 11,807.19
Netflix gains on customer growth forecast; Baker Hughes falls on bigger quarterly loss; Tesla to report earnings after market close
Johnson & Johnson higher after Q2 profit beat; Boeing rises on deal to set jets to 777 Partners; IBM falls on dollar impact warning
Goldman Sachs profit beats as fixed-income trading shines; Boeing rises as Delta to buy 100 737 MAX 10 planes
The latest consumer inflation (CPI) print in the US for June came in at 9.1 per cent - the highest reading since 1981, and surpassed most analysts' expectations, who had pegged this at 8.8 per cent
Weekly jobless claims unexpectedly rise; Samsung results boost chipmakers
CLOSING BELL: The gains in equities coincided with ease in bond yields, where the returns on 10-year government securities fell to a one-month low of 7.35 per cent
While investors are at last focused on recession uncertainty, risks elsewhere in the world could hit the US investors too
S&P 500 headed for worst first-half since 1970; the tech-heavy Nasdaq Composite came off session lows but was still set for its largest declines ever for the first-half
US economy contracted in Q1 amid record trade deficit; BofA upgrades Goldman Sachs, shares rise; General Mills rises as sales beat on higher prices; Bed Bath & Beyond replaces CEO, shares tumble
Growth stocks decline, banks also down; S&P 500 down 22.9% year-to-date
It would be the first time the S&P 500 has confirmed a bear market since the 2020 Wall Street plunge brought on by the Covid pandemic
The Dow Jones Industrial Average fell 882.47 points, or 2.73%, to 31,395.72
Tesla gains on surge in China sales, UBS upgrade; 10-year Treasury yield up at 3.04%; Brent above $123 a barrel
The Nasdaq Composite was down 207.54 points, or 1.68%, at 12,109.36
Energy was the top performer, up 2.2%, followed by healthcare and technology sectors
Cisco Systems Inc. slid more than 10% after warning that Chinese lockdowns and other supply disruptions would wipe out sales growth in the current quarter