A hawkish warning from Federal Reserve Chair Jerome Powell that the central bank could speed up interest rate hikes upended Wall Street recent thinking that inflation would be tamed with more modest measures. Treasuries sank to fresh lows after Powell said in prepared remarks that to battle persistent inflation theRead More →
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 →
Ajit Mishra, VP – of Technical Research, at Religare Broking said, “The coming week is a holiday-shortened one and we expect volatility to remain high citing mixed indications. On the data front, participants will be eyeing the IIP data scheduled on March 10. Besides, the performance of global indices, especiallyRead 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 →
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 →
The dark cloud of rising interest rates comes with some significant silver linings.Read More →
In his annual State of the Union speech on Tuesday, Biden urged unity and touted a blue-collar economic resurgence, with proposals including a new minimum tax on billionaires. Traders also tracked remarks from Powell, who reiterated Tuesday that inflation was coming down — but conceded interest rates might need toRead More →
Wall Street’s main indexes rose on Tuesday, with the S&P 500 and Nasdaq up more than 1% following comments from Federal Reserve Chair Jerome Powell that were perceived to be less hawkish than expected. Powell said, in a Q&A session at the Economic Club of Washington, that he expects 2023Read More →
The main U.S. stock indexes fell on Monday as investors shifted gears after considering the possibility that the U.S. Federal Reserve may take longer to start cutting rates. Traders are keeping a close eye on speeches by Fed officials this week, including Chair Jerome Powell on Tuesday, for any changeRead More →
