Page 5 - Us Markets
President Biden signs order on cryptocurrency as its use explodes
Biden signed an executive order on government oversight of cryptocurrency that urges the Federal Reserve to explore whether the central bank should jump in and create its own digital currency.
 "President Biden signs order on cryptocurrency as its use explodes")
Wall Street: US stocks flat in pre-market as Russia-Ukraine war rages
US markets were essentially flat in premarket trading while oil prices continued to climb as Russian forces bombarded Ukraine's second-largest city and besieged two ports. The economic fallout from the Russian invasion expanded, with Fitch Ratings and Moody's Ratings cutting Russia's credit rating. They said the invasion and Western sanctions have hurt Moscow's ability to repay debts and raised risks for the economy and stability. On Wall Street, futures for the S&P 500 and the Dow Jones Industrial Average wavered between slight gains and losses a couple of hours before the market opens in New York. In early trading, the FTSE 100 in London and Frankfurt's DAX each lost 0.6 per cent while the CAC in Paris slipped 0.2 per cent. The London Stock Exchange said it had suspended trading in shares of 27 companies with links to Russia, including some of the biggest in energy and steel, such as Lukoil, Gazprom, Sberbank, Rosneft and Magnitogorsk Iron & Steel Works. In a notice, the ...
 "Wall Street: US stocks flat in pre-market as Russia-Ukraine war rages")
Stocks make small gains but Ukraine crisis keeps investors cautious
Oil prices surged, with Brent crude touching $113.02 - its highest since 2014 - and U.S. crude coming close to passing its 2013 peak
 "Stocks make small gains but Ukraine crisis keeps investors cautious")
Aurobindo, Sun Pharma recall products in US market for defaulting norms
Leading homegrown drug makers Aurobindo Pharma and Sun Pharmaceutical Industries are recalling different products in the US market due to deviation from standard manufacturing norms.
 "Aurobindo, Sun Pharma recall products in US market for defaulting norms")
Nasdaq drops over 1%, Dow falls over 600 pts as Russia attacks Ukraine
Dow set to confirm correction territory; oil stocks jump as crude tops $100/barrel
 "Nasdaq drops over 1%, Dow falls over 600 pts as Russia attacks Ukraine")
Nasdaq sinks into 'Death Cross' for first time since April 2020
The formation occurred in June 2000 when the dot-com bubble burst and again in January 2008 ahead of the global financial crisis
 "Nasdaq sinks into 'Death Cross' for first time since April 2020")
Shift to a diversified passive fund to survive fickle US market: Analysts
Besides growth-oriented active fund, add value-oriented fund to your portfolio
 "Shift to a diversified passive fund to survive fickle US market: Analysts")
Dollar recovers from two-week low after US employment surprise
But the dollar was still down 1.7% on the week, on pace for its largest weekly percentage decline since November 2020.
 "Dollar recovers from two-week low after US employment surprise")
Sensex slips 143 pts; Nifty holds 17,500; Realty, PSBs dip, metals shine
Among the Sensex pack, SBI was the biggest loser as it dropped over 2 per cent. M&M, NTPC, Kotak Bank, Bajaj Finserv, HDFC, Power Grid, and RIL were the other losers, all down between 1-1.8 per cent
 "Sensex slips 143 pts; Nifty holds 17,500; Realty, PSBs dip, metals shine")
Oil extends gains above $90/bbl as winter storm sweeps through the US
By Roslan Khasawneh
 "Oil extends gains above $90/bbl as winter storm sweeps through the US")
Earnings whiplash points to more volatility for the US markets
Many market participants hoped that earnings from the big, tech-focused stocks that have led markets for years would lend equities a modicum of support after January's sharp declines
 "Earnings whiplash points to more volatility for the US markets")
US economy regained speed in Q4 at 6.9%, 2021 growth best since 1984
The economy grew 5.7% in 2021, the strongest since 1984. It contracted 3.4% in 2020, the biggest drop in 74 years
 "US economy regained speed in Q4 at 6.9%, 2021 growth best since 1984")
US stock futures bounce ahead of Fed, oil gains on Russia-Ukraine
U.S. S&P futures jumped 1.34%, indicating a stronger open on Wall Street, after the S&P 500 index lost 1.22% in the previous session.
Wall St: Investors may take shelter in US regional banks as Fed hikes loom
Treasury yields have risen in anticipation of tighter policy, with those on the benchmark 10-year Treasury up 40 basis points from recent lows.
 "Wall St: Investors may take shelter in US regional banks as Fed hikes loom")
Nasdaq 100's unrelenting declines ring a dot-com bust alarm bell
The Nasdaq 100 tumbled 7.5% this week as what started as an aggressive selloff in speculative corners spread to the rest of the market.
Asian shares turn negative as treasury yields rise 1% ahead of Fed
Each of the region's major markets, apart from some Chinese indexes, gave up their earlier gains.
 "Asian shares turn negative as treasury yields rise 1% ahead of Fed")
US stocks bounce, investors digest news of 2022 rate hikes by Fed
US stocks bounced and Treasury yields retreated in choppy trade as investors absorbed remarks from the Federal Reserve that interest rates are likely to rise this year
Wall Street rises on 1st trading day of 2022; Apple hits $3 trn market cap
Tesla charges ahead on better-than-expected deliveries; banks gain as Treasury yields rally on rate hike hopes
Investors flee US corporate junk debt on inflation, Omicron concerns
Worries over surging inflation and a new variant of the coronavirus are roiling the US corporate junk bond market
 "Investors flee US corporate junk debt on inflation, Omicron concerns")
Wall Street turns red as Omicron reaches US; Dow Jones falls 460 points
All three indexes breach key technical levels; Salesforce falls on disappointing profit forecast
