Page 2 - Wall Streets

World shares advance after last week's strong close on Wall Street

Shares climbed Monday in Europe and Asia after last week's strong close on Wall Street snapped a three-week losing streak. Many Asian markets were closed for holidays. US futures rose while oil prices turned higher. Investors are watching for US inflation figures and Chinese economic data this week. The US Labour Department will release its report on consumer prices for August on Tuesday and a report on wholesale prices on Wednesday. On Thursday, Wall Street will get an update on retail sales for August. Germany's DAX climbed 1.3% to 13,2595 while the CAC 40 in Paris gained 1% to 6,273.58. Britain's FTSE 100 was up 1.1% at 7,430.66. The future for the S&P 500 was 0.4% higher while that for the Dow industrials gained 0.3%. Coronavirus cases are still casting a shadow in China, where about 65 million Chinese were under lockdown as of last week despite just 1,248 new cases of domestic transmission, mostly asymptomatic, being reported on Sunday. All in all, the lower-for-longer grow

Wall St slides for fifth straight day on rate hike jitters; Nasdaq falls 2%

All eyes on August nonfarm payrolls report on Friday; Nvidia, AMD falls after US export ban on AI chips to China

Will September bring more gains than losses for Wall Street?

Welcome to the worst month of the year for Wall Street. Since 1950, September has brought an average loss of 0.5 per cent for the S and P 500. That's 10 times worse than the next-worst month, February. September is also the only month of the year over that span to turn in a loss more often than a gain. Other months see the S and P 500 rise more than three times out of five. Stretch the horizon even further, back to 1928 to include a world war, the Great Depression and completely different types of economies, and September is still the most frequent stinker for Wall Street. No clear reason explains September's struggle, though many hypotheses try. One suggests the return of many professional investors from summer vacations may add to the selling pressure, for example. Last year, the S and P 500 fell 4.8 per cent in September for its first loss in eight months. At the time, worries were brewing about when the Federal Reserve would take its foot off the economic stimulus ...

Global shares track Wall Street slide on higher rate hike expectations

Global shares were lower on Thursday, tracking a broad slide on Wall Street, as investors braced for higher interest rates and inflation worries for some time. France's CAC 40 declined 1.6 per cent to 6,025.93 in early trading, while Germany's DAX slipped 1.6 per cent to 12,633.32. Britain's FTSE 100 was down 1.6 per cent at 7,164.45. US shares were set to drift lower, with Dow futures falling 0.6 per cent to 31,350.00 and S and P 500 futures declining nearly 0.8 per cent to 3,926.00. Benchmarks finished lower in Asia. Japan's benchmark Nikkei 225 dipped 1.5 per cent to finish at 27,661.47. Australia's S and P/ASX 200 dropped 2.0 per cent to 6,845.60. South Korea's Kospi shed 2.3 per cent to 2,415.61. Hong Kong's Hang Seng lost 1.8 per cent to 19,597.31, while the Shanghai Composite declined 0.5 per cent to 3,184.98. Oil prices fell. The slide in the Nikkei came despite signs of improvement in the Japanese economy. A study by the Finance Ministry on corporate financial statements

Revenge of the founders: A generational struggle on Wall Street

Firms like Carlyle have sought to convince outsiders that they would cede control to a younger class of executives

Wall Street falls as job openings data adds to rate hike jitters

Best Buy sales beat estimates as discounts spur demand; Jobs openings in July rises sharply

Population collapse due to low birth rates a bigger risk than climate: Musk

This is not the first time that Tesla's top boss has warned about declining birth rates. In June 2022, he also shared data from The Wall Street Journal

IIT alums became friends on Street. Then one turned on other

Former Goldman banker Brijesh Goel was arrested for insider trading. His friend, ex-Barclays trader Akshay Niranjan, is co-conspirator, who turned on his buddy

Wall Street Week Ahead: Soft landing hopes for US economy brighten outlook

While last week's strong jobs report allayed fears of recession, inflation numbers this week showed the largest month-on-month deceleration of consumer price increases since 1973

Wall St week ahead: Inflation data may seal fate of unloved US stock rally

For their part, Fed officials have over the past week opposed the narrative of a so-called dovish pivot

Alibaba moves a step closer towards getting booted off US stock exchanges

The firm's shares fell 9.5 per cent at 1:13 pm in New York after the announcement

Amazon reports second loss in a row; stock rally eases slowdown fears

Stock rally eases slowdown fears

Boeing surprises with positive cash flow in Q2 but misses estimates

Boeing Co. reported a $193 million profit for shareholders in the second quarter, but the results fell short of Wall Street targets for earnings and revenue as its defense business weakened

Wall Street: Tesla keeps Nasdaq afloat, AT&T forecast weighs on S&P 500

Tesla shares rise as profit tops expectations; airlines slide after United, American report earnings; energy stocks lead sectoral declines

Netflix faces tough road ahead despite low second-quarter subscriber loss

Netflix Inc may have calmed investors' worst fears with a second-quarter subscriber loss that was better than expected

Netflix is in rough shape. Q2 earnings will determine its future: Report

Netflix, once a darling of Wall Street, is suddenly on the ropes, media reports said.

Wall Street week ahead: Recession fears loom over US value stocks

BofA Global Research on Thursday cut its year-end target price for the S&P 500 to 3,600 from 4,500 previously and became the latest Wall Street bank to forecast a coming recession

JPMorgan, Morgan Stanley earnings bode badly for Wall Street dealmakers

Both lenders attributed the slump to the challenging macroeconomic environment, including soaring volatility sparked by the conflict in Ukraine

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 Street slips heading into Fed's big rate decision; FedEx, Oracle rise

FedEx jumps after lifting quarterly dividend by more than 50%; Oracle rises as sales, profit top estimates on cloud boom; Continental Resources jumps on buyout proposal from founder