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
IBM down after UBS downgrades to 'sell'; Federal Reserve Chair Jerome Powell's testimony may offer fresh insight on policy tightening
Equity markets had a bruising start to the year as bets that the Fed could raise interest rates as soon as March spurred investors to pare risky assets
US stocks fell on Monday despite staging a comeback late in the day, as bets that the U.S. Federal Reserve could raise interest rates
US stocks declined in the last trading session of 2021
The S&P 500 dipped on Tuesday in the lowest trading volume session of 2021, snapping a four-day winning streak
Stocks rose broadly on the last trading day of the week ahead of a long Christmas weekend in the United States, after data showing consumer spending rose 0.6% last month
The Dow Jones Industrial Average rose 539.76 points, or 1.55%, to 35,471.92, the S&P 500 gained 72.79 points, or 1.59%, to 4,640.81
MSCI's global gauge of stocks gained 0.10%, and the pan-European STOXX 600 index rose 0.26% after the Fed's statement
Apple closes in on becoming first $3 trillion company; Pfizer to buy Arena Pharma, shares of both companies rise
The dollar weakened and a gauge of global equity markets edged higher on Friday after data showed consumer prices rose as expected in November
Powell said it's time to stop using the word "transitory" to describe inflation
Stocks are opening with broad gains on Wall Street Monday as markets regain their footing following a big stumble on Friday on worries about the spread of the new variant of the coronavirus. Signs of fear in the market also ebbed as traders regained their appetite for riskier assets. The S&P 500 rose 1.1%, and the tech-heavy Nasdaq clawed back 1.3%. Both fell more than 2% on Friday. Crude oil prices jumped 6.7% and bond yields climbed back. European markets were also higher, while Asian markets closed mostly lower. The yield on the 10-year Treasury note rose to 1.56%.
Asian markets regained a little composure on Monday as investors settled in for a few weeks of uncertainty on whether the Omicron variant
The dollar index gained 0.37% on the day to 96.853. The euro fell 0.44% to $1.1199
Asian shares mostly declined Thursday after stock indexes shuffled lower on Wall Street. Japan's benchmark Nikkei 225 dipped 0.7% to 29,490.53 in early trading. Australia's S&P/ASX 200 edged up 0.2% to 7,381.40, while South Korea's Kospi slipped 0.6% to 2,944.52. Hong Kong's Hang Seng dropped 1.7% to 25,227.83. The Shanghai Composite shed 0.5% to 3,520.77. Recent government data have shown the coronavirus pandemic continues to hurt the Japanese economy. A supply crunch in chips and other parts needed to produce autos, a mainstay of the world's third-largest economy, is one reason. The damage to consumer spending brought on by recent government measures to close restaurants early and open theaters to limited crowds is another factor. Japan has never had a lockdown but has called periodically for a state of emergency to curb the spread of infections. Junichi Makino, chief economist for SMBC Nikko Securities, said the Japanese recovery that many initially expected to get started this
The prospects of speedier interest rate hikes from the Federal Reserve and ongoing supply chain disruptions weighed on Wall Street, while oil dropped on concerns of oversupply and dwindling
The Dow Jones Industrial Average rose 28.52 points, or 0.08%, at the open to 36,128.83
Value shares, digital currencies, gold and bets on a flatter yield curve are seen as some of the potential beneficiaries from a higher inflation environment