Us Stock Markets

China's trade contracts again in Jan, Feb as Western demand weakens

China's trade contracted again in January and February as US and European demand weakened in the face of interest rate hikes, adding to pressure on official efforts to revive economic growth following the end of anti-virus controls. Exports sank 6.8 per cent from a year earlier to USD 506.3 billion, an improvement over December's 10.1 per cent decline, customs data showed Tuesday. Imports fell 10.2 per cent to USD 389.4 billion, deepening December's 7.3 per cent contraction. China's global trade surplus for the two months edged up 0.8 per cent over a year earlier to USD 116.9 billion. Forecasters expected trade to weaken as the likelihood of a recession in Western economies increased following rate hikes by the Federal Reserve and European Central Bank to cool economic activity and record-setting inflation. We don't expect exports to rebound, Iris Pang of ING said in a report. That adds to complications for President Xi Jinping's government, which is trying to revive economic grow

Domestic demand drivers intact, slowdown fears unfounded: Analysts

A Wall Street brokerage has downplayed the slowdown fears arising after the poor December quarter data prints, saying the moderate numbers are due to the base effect and that the January data clearly show that domestic demand drivers are intact. According to Morgan Stanley India chief economist Upasana Chachra and her deputy Bani Gambhir, the apparent deceleration in the December quarter number come from the mixed trends in high-frequency domestic demand indicators coupled with a slowdown in external demand as visible from shrinking exports, creating fears of an impending growth slowdown. Accordingly, they choose to stand out, expecting a 6.2 per cent GDP growth in FY24 as against the 6 per cent consensus forecasts, reiterating their view that domestic demand is likely to sustain the growth momentum. While the budget has not offered a clear GDP growth number for next fiscal, saying it is likely to grow in 6.0 to 6.5 per cent range, the Reserve Bank in its latest assessment has ...

Wall Street rises as chipmakers lead tech shares higher; Nasdaq up 1%

Six of the 11 major S&P 500 sector indexes were up in early trading, with a 1.3% rise in tech stocks making them the biggest gainers

Indian markets straggle behind US and Europe in October, shows data

However, on a YTD basis, the S&P BSE Sensex declined 7%. The Dow fell 9.6%; the Euro Stoxx 50 down 26%

September, historically, the worst month of the year for US stock market

September, which begins on Thursday, is historically the worst month of the year for the US stock market

US stock markets tumble when hit by global recession, says report

The S&P500 had dropped to 3,667 on June 17 but has jumped 15 per cent in the past two months

Binance US exchange sued by crypto investor over stablecoin collapse

In the lawsuit against Binance and CEO Brian Shroder, Utah resident Jeffrey Lockhart said Binance falsely advertised Terra USD as backed by fiat currency, when in fact it was an unregistered security

Dollar wobbles as traders await update on US jobs data, cues on Fed hike

Markets have locked in consecutive 50-basis-point Fed hikes in June and July but the dollar has been pushed around this week by uncertainty about what happens after that

Dollar resumes slide as global stock markets tentatively pick up

The dollar index - which tracks the greenback against six major rivals - is on track for its first monthly drop in five, as the safe haven currency loses steam after a breakneck start to the year.

Dow slips over 800 points in intra-day trading amid surging prices

Shares of Target fell 25.1 per cent to the bottom of the S&P 500 after its first-quarter profit halved

Walton family loses $27 bn in wipeout after Walmart cuts profit outlook

Walmart, controlled by the family, fell 11 per cent in New York trading after the Bentonville, Arkansas-based company reported earnings that lagged analysts' estimates

S&P 500 hits one-year low as higher bond yields pressure growth stocks

Dow Jones Industrial Average was down 486.39 points, or 1.48%, at 32,412.98 and the Nasdaq Composite was down 373.29 points, or 3.07%, at 11,771.38

Wall Street rises on strong earnings from Tesla, airlines; Dow up 250 pts

The world's most valuable automaker jumped 9% after its results beat Wall Street expectations as higher prices helped it overcome supply-chain chaos and rising costs

Wall Street pauses stock comeback, keeps Treasury yields climbing

The Nasdaq fell about 0.16% as technology and healthcare stocks pulled back, while the Dow Jones Industrial Average and S&P 500 edged up about 0.5%

Global stocks mixed after Western countries vow more sanctions on Russia

London and Shanghai declined while Tokyo gained, and Frankfurt was little-changed

Wall St futures, euro rally on Biden-Putin summit over Ukraine crisis

S&P 500 stock futures rose 0.5%. Nasdaq futures gained 0.3%, having been down more than 1%. U.S. markets are on holiday on Monday, but futures still traded

S&P 500, Nasdaq rise as Amazon results overshadow jobs surprise

Dow Jones Industrial Average fell 64.33 points, or 0.18%, to 35,046.83, the S&P 500 gained 11.95 points, or 0.27 %, to 4,489.39

Wall Street's Fed headache lingers as stocks decline, Treasuries gain

As stocks struggled, U.S. Treasury yields on most maturities rose again on Thursday as investors fretted over the Fed's more hawkish stance, surging inflation and a deluge of supply.

Investors brace for quantitative tightening as Fed sends hawkish message

Stocks extended declines after the release of the minutes on Wednesday, led by a selloff in technology and growth shares

The American Dream: Red carpet for US-focused funds, shows data

23 overseas funds, ranging from index funds and ETFs to REITs, were launched in 2021