SEC slams 'egregious' allocations of customer money that extracted 'hidden costs'
Wall Street is tumbling even more Monday, sending the S&P 500 down more than 20% from its record, on worsening fears about a possible recession given how stubborn inflation has become. The S&P 500 was 3.3% lower in investors' first chance for trading after getting the weekend to reflect on the stunning news that inflation is getting worse, not better. The Dow Jones Industrial Average was down 738 points, or 2.4%, at 30,653, as of 10:30 a.m. Eastern time, and the Nasdaq composite was 3.9% lower. The center of Wall Street's focus was again on the Federal Reserve, which is scrambling to get inflation under control. Its main method is to raise interest rates in order to slow the economy, a blunt tool that risks a recession if used too aggressively. Some traders are even speculating the Fed on Wednesday may raise its key short-term interest rate by three-quarters of a percentage point. That's triple the usual amount and something the Fed hasn't done since 1994. Traders now see a ...
Salesforce, Capri Holdings rise after lifting profit outlook; US 10-year Treasury yields spike to two-week high
Major indexes are opening broadly higher on Wall Street Monday following seven weeks of declines that nearly ended the bull market that began in March 2020. The S&P 500 is up 0.9% in the early going. The tech-heavy Nasdaq is up 0.6% and the Dow Jones Industrial Average climbed 1%. European markets were also higher and Asian markets closed mixed overnight. Treasury yields are slightly higher. The yield on the 10-year Treasury note, which helps set mortgage rates, rose to 2.81%.Ware soared following a report that chipmaker Broadcom is in talks to buy it. Wall Street pointed toward gains before markets opened Monday after dipping close to the edge of a bear market to close the week Friday. Futures for the Dow Jones Industrials rose 1% and the S&P 500 climbed 1.1% in premarket trading. Benchmarks rose in Frankfurt, London and Tokyo and fell in Paris and Hong Kong. Oil prices also gained. Yet it has been a brutal stretch for major markets in the U.S. and globally. On Friday the ...
Growth stocks such as Apple Inc, Google-owner Alphabet Inc, Amazon.com and Nvidia Corp gained between 2.2% and 6.5% after falling for most of the week.
US consumer prices slow in April; inflation still high; Coinbase falls on Q1 revenue slump, net loss
European stock indexes rose on Tuesday as risk appetite showed some signs of picking up again after Monday's sharp falls, but fears over economic growth still weighed on markets
The Dow Jones Industrial Average was down 375.98 points, or 1.14%, at 32,621.99
The latest data marks the economy's first contraction since the Covid-19 pandemic impacted the country in early 2020, Xinhua news agency reported
The Dow Jones Industrial Average ended higher for the second straight day, the S&P 500 was flat, and the Nasdaq Composite fell sharply after Netflix reported it had lost subscribers for the first time
The major U.S. stock indices declined less as Europe's dependence on Russian energy and its proximity to Ukraine has slammed the continent more than other parts of the globe
The S&P 500 lost 53.36 points, or 1.24%, to 4,251.4 and the Nasdaq Composite dropped 234.72 points, or 1.75%, to 13,146.79
Apple jumps after record holiday-quarter sales, Visa surges on increased travel, e-commerce spending; Caterpillar falls after flagging margin pressure
Treasury yields have risen in anticipation of tighter policy, with those on the benchmark 10-year Treasury up 40 basis points from recent lows.
Since taking over a decade ago, the 63-year-old CEO has transformed Morgan Stanley from a Wall Street firm focused on a money-losing trading businesses into a more balanced bank
Tesla charges ahead on better-than-expected deliveries; banks gain as Treasury yields rally on rate hike hopes
Such divergences are popping up across Manhattan's mighty financial industry, creating pockets of optimism within the city's economy
U.S. equities inched higher at the open as some high valuations, including of so-called "meme stocks", fed into investor sentiment.
Wall Street's main indexes opened higher on Thursday after weekly jobless claims hit their lowest level since the start of a pandemic-led recession
Sectorally, the Nifty Metal, PSU Bank, and Bank indices advanced 25 per cent, 40 per cent, and 20 per cent, respectively during the February F&O series