Page 2 - Us Stocks

Futures tumble as US consumer price growth unexpectedly rises in August

Excluding the volatile food and energy components, core CPI increased to 6.3% from 5.9% in July, putting further pressure on the Fed to continue on its rate-hiking spree

Euro leaps parity on ECB to 3-week high, US stock futures eye higher open

The euro rose back above parity to a three-week high against the dollar on Friday following a large rate hike and hawkish comments from the European Central Bank

US stocks rise on Wall Street, remain on track for weekly gains

Stocks shook off an early stumble and rose in morning trading on Wall Street on Thursday, keeping the market on track to break a three-week losing streak. The S and P 500 rose 0.5 per cent as of 10.58 am Eastern. The benchmark index is holding on to a 1.9 per cent gain for the week. Stocks have been mostly losing ground in recent weeks after the Federal Reserve indicated it will not let up anytime soon on raising interest rates to bring down the highest inflation in decades. The Dow Jones Industrial Average rose 133 points, or 0.4 per cent, to 31,720 and the Nasdaq rose 0.6 per cent. Health care stocks made broad gains. Regeneron surged 16.9 per cent after the company and partner Bayer reported encouraging study data on an anti-blindness drug. Banks also rose broadly. JPMorgan Chase rose 2.1 per cent. Bond yields remained mostly steady. The yield on the 10-year Treasury, which influences interest rates on mortgages and other loans, fell to 3.25 per cent from 3.27 per cent late on

Saudi sovereign wealth fund buys $7-bn US stocks amid recession fears

The $620 billion Public Investment Fund also added to positions it held in Facebook Inc. owner Meta Platforms Inc., PayPal Holdings Inc. and Electronic Arts Inc. in the second quarter

Investors bearish but no longer 'apocalyptically', says BofA poll

But fears of economic slowdown continued to rise, with 58% of investors anticipating a global economic recession in the next 12 months, up from 47% last month and the highest since May 2020

Dow Jones rises at start of big earnings week, Microsoft drags Nasdaq

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

Wall Street climbs as investors trim bets on rate hike; Dow up 500 points

The S&P 500 was up 50.87 points, or 1.34%, at 3,841.25, and the Nasdaq Composite was up 120.63 points, or 1.07%, at 11,371.81

Rebound in oil prices gives world stocks a lift in holiday trade

A rebound in oil prices on concerns of tight supply gave world stocks a lift on Monday in a session hit by a US holiday

US stocks see worst first half drop in over 50 yrs amid inflation woes

US stocks have seen their worst first half of a year since 1970, as concerns grow over how steps to curb inflation will affect economic growth.

Crypto industry fears contagion as bitcoin price slips under $20,000

Bitcoin has lost almost 60% of its value this year and 37% this month alone in the cryptocurrency sector's latest meltdown

Cloudy valuations give investors pause in buying beaten-up US stocks

Market volatility and a rapidly changing macroeconomic landscape have clouded metrics that investors typically use to value stocks

Wall St sinks as recession fears ripple through markets; Nasdaq down 3.85%

Growth stocks decline, banks also down; S&P 500 down 22.9% year-to-date

US weekly jobless claims fall modestly; housing starts hit 13-month low

Weekly jobless claims fall 3,000 to 229,000; continuing claims rise 3,000 to 1.31 mn

Dashed peak inflation hopes spell more pain for US stocks and bonds

With markets now betting policymakers will hike rates by at least 50 bps in their next three meetings, expectations of a less hawkish Fed are fading and investors believe more declines are on the way

Bears tighten grip: Sensex crashes 1,000 pts on mounting inflation worries

FPIs sell shares worth Rs 4,000 crore; US inflation hits new 4-decade high

Wall Street ends down sharply as inflation data intensifies investor fears

The Dow Jones Industrial Average fell 882.47 points, or 2.73%, to 31,395.72

Euro edges higher as risk appetite picks up, focus on ECB policy meeting

Markets, which have already priced in several ECB rate increases and the end of bond-buying stimulus, want more clarity on what comes after.

Wall Street slides after strong jobs data; Dow Jones down 160 points

The Nasdaq Composite was down 207.54 points, or 1.68%, at 12,109.36

Wall St slips 1% as strong factory data fans fears of aggressive rate hikes

Salesforce, Capri Holdings rise after lifting profit outlook; US 10-year Treasury yields spike to two-week high

Wall Street analysts think any stock market rally will be short-lived

An analyst thinks earnings estimates remain too high and sees the S&P 500 trading close to 3,400 by the end of the second-quarter earnings season in mid-August