The global stock markets were mixed on Monday with US equities closing higher and European stocks flat. China’s lower-than-expected gross domestic product (GDP) target weighed on investors’ sentiment across the globe. US stocks pared early gains on Monday after yields on US 10-year treasury rose. The S&P 500 rose 0.26%.Read More →
NEW YORK : Stocks are slipping Wednesday as Wall Street braces for interest rates to stay higher for longer with inflation remaining stubbornly sticky. The S&P 500 was 0.5% lower in its first trading after coming off a frigid February. The Dow Jones Industrial Average was down 50 points, orRead More →
NEW YORK : US stocks closed out February in subdued fashion and each of the three major indexes ended with monthly declines, as investors continue to assess whether interest rates will remain high for an extended period of time. After a strong performance in January, stocks retreated in February asRead More →
While strategists at Morgan Stanley believe that headwinds for the US equities are set to increase even further in March, with US stocks coming under pressure from faltering earnings and high valuations, on the other hand, they think that Asia is on track to see growth accelerate and outperform. “WeRead More →
NEW YORK : US stocks eked out a slight gain on Monday as investors engaged in some bargain hunting after last week’s losses, the biggest percentage declines of 2023 for Wall Street’s main benchmarks, as jitters persisted about coming interest rate hikes to tame stubbornly high inflation. All three mainRead More →
A number of officials said that an “insufficiently restrictive” policy stance could stall recent progress on moderating inflation pressures, according to minutes of their latest policy gathering, suggesting they are prepared to move rates up further than their December forecast of 5.1%. The statement also said “almost all” officials agreedRead More →
Wall Street equity indexes were up 1% on Monday while U.S. Treasury yields fell from an almost six-week high as investors bet that key U.S. economic data due out on Tuesday would show inflation is easing. The US Bureau of Labor Statistics is scheduled on Tuesday to release January’s ConsumerRead More →
Wall Street’s rally hit a wall after a shocking jobs report showed the U.S. economy created a third of a million more jobs last month than expected, fueling worries about inflation and higher interest rates. The S&P 500 fell 1% in early trading Friday and is on pace for itsRead More →
The tech-heavy Nasdaq led gains among the main Wall Street indexes on Monday, boosted by shares of Amazon and Tesla, while signs of a cooling labor market supported bets of a slower pace of interest rate hikes by the Federal Reserve. Amazon. com Inc rose 3.4% after Jefferies said itRead More →
