Page 11 - Wall Street

Wall Street slips on hawkish Fed; banks, industrials top losers

The Dow Jones Industrial Average was down 217.37 points, or 0.63%, at 34,279.14

World shares track Wall Street retreat on interest rate worries

World shares were mixed Thursday after a retreat on Wall Street spurred by comments indicating the Federal Reserve intends to more aggressively tackle inflation. Benchmarks rose in Paris and Frankfurt after declines in most Asian markets. US futures fell while oil prices were higher. The Fed comments have added to investor unease over the war in Ukraine, coronavirus outbreaks in China and persistent high inflation. Minutes from the Fed's meeting last month showed policymaker's agreed to begin cutting the Fed's stockpile of Treasury's and mortgage-backed securities by about $95 billion a month, starting in May. That's more than some investors expected and nearly double the pace the last time the Fed shrank its balance sheet. European shares wobbled after the open, with the CAC 40 in Paris up 0.2% at 6,508.50 and Germany's DAX edging 0.1% lower to 14,141.12. The FTSE 100 in London shed 0.3% to 7,554.73. On Wall Street, the future for the S&P 500 was nearly unchanged. The future for

Nasdaq slides 2% as tech rout deepens ahead of Fed minutes

High-growth stocks, whose valuations stand to be pressured by higher bond yields, bore the brunt as the benchmark 10-year yield hit a three-year high

Wall St retreats on worries about hawkish Fed, fresh Russia sanctions

Twitter extends gains on plans to name Elon Musk to board; investors now see nearly 81% odds of a 50 basis points rate hike at the Fed's meeting in May

Asia shares advance to 5-week highs, euro near one-week low against dollar

Japan's Nikkei edged up 0.16%, the S&P/ASX 200 index rose 0.2%, while South Korean stocks added 0.1%

Oil prices up, Asian shares slip after tech rally on Wall Street

Shares fell Tuesday in Asia and oil prices advanced after a tech-driven rally on Wall Street. Trading was light with many regional markets including those in China closed for holidays. Tokyo's Nikkei 225 index edged 0.1% lower to 27,705.25 and the Kospi in Seoul also fell 0.1%, to 2,755.36. The S&P/ASX 200 gained 0.7% to 7,565.80. Malaysia fell while Singapore gained. Russia's invasion of Ukraine has elevated concerns about rising inflation and the impact on global economic growth. Prices for everything from food to clothing were already rising and the war has added to volatility for energy prices. The World Bank has downgraded its 2022 growth forecast for the Asia-Pacific region to 5% from 5.4%, in part due to disruptions to supplies of commodities, financial strains and higher prices. That follows a rebound to 7.2% growth in 2021 after many economies experienced downturns with the onset of the pandemic. The report forecasts slower growth and rising poverty in the Asia-Pacific

Wall Street, tech stocks fired up by Twitter rally after Musk purchase

Wall Street's three major equity indexes rose about 1% on the average with shares of Twitter, particularly, outperforming on news that flamboyant tech-entrepreneur and influencer Elon Musk had become the largest shareholder in the microblogging site.The three indexes - the S & P 500, the Dow Jones Industrial Average and the Nasdaq Composite - also rose broadly for a second day in a row after closing first quarter trading last week with the biggest slump since the coronavirus breakout of two years ago.Twitter jumped 27% in price, closing up $10.66 at $49.97 per share after Musk, the chief executive of electric carmaker Tesla, bought almost 73.5 million shares in the company amounting to a passive stake of 9.2%.Musk' purchase, worth nearly $3 billion, comes less than two weeks after he criticized the company, polling people on Twitter about whether Twitter adheres to free speech principles. An entrepreneur known for courting controversy and for getting into trouble with stock market

Wall Street set for worst quarter since pandemic crash of 2020

The S&P energy index was set to record its best quarter ever as oil prices jumped to multi-year highs on concerns over tighter supplies due to the war and Western sanctions on Russia

Wall St: Stock surge is a bear-market trap with curve inverted, warns BofA

The strategists caution that the selloff that took the S&P 500 12% from its January record is not over and sharp rallies are typical of volatility in bear markets

Wall Street buoyed by signs of progress in Russia-Ukraine peace talks

The materials index, which includes miners and chemical companies, dipped 0.4%; the spread between US 2-year and 10-year Treasury yields moved another step closer to inversion

Stocks edge lower on Wall Street as crude oil prices slump

Stocks turned lower in afternoon trading on Wall Street Monday as crude oil prices slumped and bond yields eased lower. The S&P 500 fell 0.4% as of 12:27 pm Eastern. The Dow Jones Industrial Average fell 271 points, or 0.8%, to 34,591 and the Nasdaq fell 0.3%. Technology stocks were among the biggest weights on the market. Companies in the sector tend to push and pull the broader market more forcefully because of their pricey valuations. Chipmaker Intel fell 2.2%. Energy companies had some of the biggest losses as crude oil prices fell sharply. Exxon Mobil fell 2.6%. US crude oil slumped 5.2% and Brent crude, the international standard, fell 5%. The drop follows news that China began its most extensive coronavirus lockdown in two years to conduct mass testing and control a growing outbreak in Shanghai. That could put a dent in global demand for energy. Oil prices remain volatile amid the backdrop of Russia's invasion of Ukraine. The United Arab Emirates' energy minister doubl

Wall St slips as banks, energy stocks weigh; Tesla up on stock-split plans

Oil prices tumble on concerns of weaker Chinese demand

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%

Nasdaq leads Wall Street lower as tech stocks lose ground

S&P 500, Nasdaq eye second straight weekly gain; financial, energy among top S&P 500 weekly sectoral gainers

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 St rises as investors buy beaten-down chipmakers, tech stocks

US business activity rises to eight-month high in March; Uber surges on deal to list all NYC taxis on its app

Dropping gains, Wall Street pulls back on stocks, US Treasury yields dip

Wall Street pushed stocks and Treasury yields down after both had powered higher earlier in the week as investors took in the strength of the economy and hawkish comments from US policymakers

Dow falls 290 pts as oil climbs, Adobe drops; focus on US rate outlook

GameStop jumps after chairman picks up more shares; Adobe falls on lackluster current-quarter forecast

Wall Street rises as bank shares rally, Nike boosts Dow Jones

Nine of the 11 major S&P sectors were up in early trading with financials and consumer discretionary rising the most.

Wall Street slides after Powell's hawkish comments; Dow drops 235 pts

Energy stocks rise as EU mulls Russian oil embargo; Alleghany stock rises on Berkshire's $11.60-bn takeover deal