Shares of ViacomCBS tumbled 19.1% after the media conglomerate missed quarterly profit expectations
US consumer prices showed the biggest annual increase in 40 years, data released late on Thursday showed
The S&P 500 is now down about 5% in 2022, and the Nasdaq is down about 9%
Twitter had an average of 217 million daily active users in the fourth quarter, up from 192 million a year earlier
Facebook owner Meta Platforms surged more than 5%, ending four sessions of deep declines that saw it lose almost a third of its value.
Megacap names such as Meta Platforms Inc, Google-owner Alphabet Inc, Tesla Inc and Microsoft were up between 1.2% and 2.5%
Global stocks and Wall Street futures rose Wednesday as investors waited for US inflation data for signs of how fast the Federal Reserve might pull back stimulus. London and Frankfurt opened higher. Shanghai, Tokyo and Hong Kong advanced. US inflation data on Thursday are expected to show inflation rose to a four-decade high of 7.3 per cent in January, adding to pressure to control prices. Traders expect the Fed to hike rates at least four times this year, starting next month. Wall Street's rebound "suggests an attempt by the equity bulls to regain some control," Yeap Jun Rong of IG said in a report. Much will depend on the upcoming US inflation data to ease some concerns about tightening ahead. In early trading, the FTSE 100 in London rose 0.6 per cent to 7,612.25 and the DAX in Frankfurt added 0.7 per cent to 15,359.40. The CAC 40 in Paris advanced 0.9 per cent to 7,095.45. On Wall Street, the future for the benchmark S&P 500 index was up 0.3 per cent. That for the Dow Jones ...
Investors across asset classes are devoting considerable thought to the pace and timing of interest rate hikes by central banks across the world.
The euro retreated as the European Central Bank tried to cool interest rate hike expectations.
Swaps markets by late Friday gave roughly 50 percent odds to such a move, though they have since eased back to around 32 per cent
Markets are on alert for rate rises in both the euro zone and the United States after the ECB last week was considered to have adopted a more hawkish tone.
Asian equities held firm overnight and Wall Street futures rebounded due to better-than-expected earnings from Amazon, which lifted the company's shares about 14% in after-market trade
It marked the company's worst one-day loss since its Wall Street debut in 2012
Big tech stocks such as Alphabet Inc and Microsoft Corp fell about 0.5% and 1.0%, respectively, while Amazon.com Inc, scheduled to report results later in the day, declined 6.3%
Investors also shrugged off the pace of central banks' interest rate hikes.
Stellar earnings from Google parent Alphabet after Wall Street closed on Tuesday lifted U.S. stock futures as crude oil rose and the dollar eased
Wall Street edged higher on Monday after a rise in European shares helped stabilize investor sentiment after a series of volatile sessions
Longer-term real rates remain deeply negative in many regions, supporting elevated prices for riskier assets
Asian stock markets were mixed Friday as traders looked ahead to data on U.S. employment costs that might influence Federal Reserve decisions on planned interest rate hikes.
The Federal Reserve on Wednesday signaled it is likely to raise US interest rates in March