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A calmer Wall Street holds relatively steady ahead of US jobs data

Stocks are holding relatively steady Tuesday, as Wall Street continues to find more calm following its tumultuous swings in March. The S&P 500 was virtually unchanged in early trading. The Dow Jones Industrial Average was edging down by 44 points, or 0.1 per cent, at 33,556, as of 9:50 a.m. Eastern time, while the Nasdaq composite was 0.1 per cent lower. Both the stock and bond markets have been steadying after swerving sharply through the first three months of the year. Many big questions still weigh on Wall Street, but the worst fears driven by the second- and third-largest US bank failures in history have abated following forceful actions by regulators around the world. Investors are still split on whether the US economy will fall into a recession and how badly profits for companies are set to fall. The biggest question remains what the Federal Reserve will do next with interest rates after hiking them furiously over the last year to get high inflation under control. A report ..

A calmer Wall Street holds relatively steady ahead of US jobs data
Updated On : 04 Apr 2023 | 10:10 PM IST

SVB Financial Group in talks for sale; crisis triggers global banking rout

The brutal rout in the lender's stock, which began on Thursday, spilled over into other US and European banks, with the episode spreading concern about hidden risks in the sector

SVB Financial Group in talks for sale; crisis triggers global banking rout
Updated On : 10 Mar 2023 | 11:59 PM IST

Prefer cheaper European stocks to US equities: Citigroup strategists

With recession now also looming in America, investors are turning their back on expensive mega caps and focusing on Europe's cheap valuations

Prefer cheaper European stocks to US equities: Citigroup strategists
Updated On : 06 Jan 2023 | 11:43 PM IST

Oil rises to 3-week high as OPEC+ agrees to deep cuts, US stockpiles fall

Prices also rose on US government data that showed crude and fuel inventories fell last week

Oil rises to 3-week high as OPEC+ agrees to deep cuts, US stockpiles fall
Updated On : 05 Oct 2022 | 11:30 PM IST

Bed Bath & Beyond quarterly loss widens on merchandising issues

Bed Bath's stock and fortunes have slumped after its move to sell more store-branded products flopped and led to a reshuffle of its management team earlier this year

Bed Bath & Beyond quarterly loss widens on merchandising issues
Updated On : 29 Sep 2022 | 5:38 PM IST

Options activity hints US stock market has not reached bottom: Barclays

With the S&P 500 marking a fresh bear market low on Tuesday, down 24% for the year, traders and investors are searching for clues as to when the market may bottom out

Options activity hints US stock market has not reached bottom: Barclays
Updated On : 27 Sep 2022 | 11:21 PM IST

US stocks rise broadly, remain on track to break 3-week losing streak

Stocks rose in afternoon trading on Wall Street Friday, keeping the market on track to break a three-week losing streak. The S&P 500 rose 1.2% as of 12:15 pm Eastern and is up 3.3% for the week. The Dow Jones Industrial Average rose 306 points, or 1%, to 32,078 and the Nasdaq rose 1.7%. Each index is on track for its first weekly gain in four weeks. Technology stocks and retailers had some of the biggest gains. Microsoft rose 1.8% and Amazon rose 1.6%. DocuSign jumped 8% after the electronic signature company reported strong second-quarter sales and raised its subscription forecast. All 11 industry sectors in the benchmark S&P 500 rose, though makers of household goods and utilities, which are typically considered less risky investments, lagged the market. U.S. crude oil prices rose 3.1%. Bond yields were mixed. The yield on the 10-year Treasury, which influences interest rates on mortgages and other loans, fell to 3.31% from 3.33% late Tuesday. The two-year Treasury yield, ..

US stocks rise broadly, remain on track to break 3-week losing streak
Updated On : 09 Sep 2022 | 10:50 PM IST

Investors bracing for another stretch of volatility in US stock market

Even as stock prices dropped, the earnings half of the P/E equation remained relatively resilient. Now that Wall Street analysts are cutting profit estimates at a faster pace than usual

Investors bracing for another stretch of volatility in US stock market
Updated On : 07 Aug 2022 | 10:23 PM IST

Wall Street slides as strong jobs data fuels interest rate hike worries

Fed Governor Christopher Waller and St. Louis Fed President James Bullard said on Thursday they would support another 75-basis-point rate increase, but forecast a downshift to a slower pace afterward

Wall Street slides as strong jobs data fuels interest rate hike worries
Updated On : 08 Jul 2022 | 9:28 PM IST

Bruised US stock investors brace for more pain in second half of 2022

With investor expectations fluctuating between continued high inflation and an economic downturn caused by a hawkish Fed, few believe the market's volatility will dissipate anytime soon

Bruised US stock investors brace for more pain in second half of 2022
Updated On : 26 Jun 2022 | 7:49 PM IST

US, European shares advance as euro dives to lowest since 2017

The euro dropped to its weakest since 2017 after Russia halted gas supplies to Bulgaria and Poland, and investors fretted more about the region's economy

US, European shares advance as euro dives to lowest since 2017
Updated On : 28 Apr 2022 | 8:44 AM IST
Updated On : 05 Apr 2022 | 7:13 AM IST

Wall Street steadies as market focuses on rate outlook, Ukraine

Treasury yields rose as markets evaluated the possibility of bigger U.S. interest rates in store and the impact of Russia's war in Ukraine

Wall Street steadies as market focuses on rate outlook, Ukraine
Updated On : 25 Mar 2022 | 8:31 PM IST

Global stocks fall into red amid continued tension in eastern Europe

U.S. President Joe Biden and Russian President Vladimir Putin have agreed in principle to hold a summit on the Ukraine crisis

Global stocks fall into red amid continued tension in eastern Europe
Updated On : 21 Feb 2022 | 6:57 PM IST

European stocks rise after selloff as Russia says withdrawing some troops

The MSCI world equity index, which tracks shares in 50 countries, was up 0.3% on the day at 1203 GMT, its first gain after three days of drops, each exceeding 0.9%

European stocks rise after selloff as Russia says withdrawing some troops
Updated On : 15 Feb 2022 | 6:34 PM IST

Global stock recovery takes a breather ahead of US inflation numbers

European stocks were mostly higher or unchanged on the day, while U.S. futures pointed to small declines at the open on Wall Street

Global stock recovery takes a breather ahead of US inflation numbers
Updated On : 10 Feb 2022 | 4:35 PM IST

Oil prices climb after API data shows surprise drop in US stocks

Brent crude futures rose 41 cents, or 0.5%, to $91.19 a barrel by 0422 GMT, while U.S. West Texas Intermediate crude was at $89.74 a barrel, up 38 cents, or 0.4%

Oil prices climb after API data shows surprise drop in US stocks
Updated On : 09 Feb 2022 | 2:44 PM IST

Wall Street firms 1% on boost from tech stocks; Dow rises 480 points

The S&P 500 was up 63.50 points, or 1.46%, at 4,413.43, and the Nasdaq Composite was up 170.15 points, or 1.26%, at 13,712.27

Wall Street firms 1% on boost from tech stocks; Dow rises 480 points
Updated On : 27 Jan 2022 | 9:18 PM IST

US yields rise, Asian shares slump as Fed Chair Powell warns on inflation

The Federal Reserve has indicated it is likely to raise U.S. interest rates in March, as has been widely expected

US yields rise, Asian shares slump as Fed Chair Powell warns on inflation
Updated On : 27 Jan 2022 | 10:56 AM IST

Wall Street roars back ahead of Fed policy decision; Microsoft shines

Wall Street's main indexes climbed after two turbulent sessions and ahead of the outcome of a Federal policy meeting, with a stellar outlook from Microsoft boosting technology stocks

Wall Street roars back ahead of Fed policy decision; Microsoft shines
Updated On : 26 Jan 2022 | 9:17 PM IST