The stock market fell Thursday after unemployment claims surged at levels that are not enough to convince investors the Fed will change its aggressive rate policy. Oil giants Chevron (CVX) and Exxon Mobil (XOM) led gains while food and beverage companies declined on earnings.The Nasdaq composite traded 0.1% lower, after …
Read More »Japan’s Nikkei index jumps to its highest level in two weeks
Japan’s Nikkei index closed higher on Thursday after touching a two-week high during the session, as markets continued their recovery from multi-month lows supported by energy-related stocks and chips. The Nikkei rose 0.7 percent to 27,311.30 points at the close, after hitting 27,399.19 points, a level not seen since September …
Read More »US stocks pulled back on OPEC+ decision
Wednesday pullback of US stocks proved that the previous two day rally was short-lived. The scene is set for further volatility, after a stormy trading day. The S&P 500 tumbled 1.4%, while the Dow Jones Industrial Average slid 340 points, or 1.1%. The technology-heavy Nasdaq Composite led the way down …
Read More »US: Private sector employment rises by 208,000 in September
The data published by Automatic Data Processing (ADP) showed on Wednesday that private sector employment in the US rose by 208,000 in September. This reading followed August’s increase of 185,000 (revised from 132,000) and came in slightly better than the market expectation of 200,000.
Read More »Japan’s Nikkei closes above 27,000 points for the first time in two weeks
Japan’s Nikkei broke through an important psychological barrier on Wednesday, boosted by retail stocks, although sentiment remained muted compared to global markets, which were boosted by the prospect of central banks calming sharp tightening policies. The Nikkei index broke the 27,000-point barrier for the first time since Sept. 22 and …
Read More »Twitter shares rise 22% on Elon Musk’s proposal
Elon Musk changed course and agreed to buy Twitter for the originally agreed price, according to a filing on Tuesday. Twitter shares positively reacted to the news and surged after it was reported that Musk plans to go through with his acquisition at $54.20 a share.Twitter stock jumped 22% after …
Read More »Wall Street Soaring On Dollar Weakens, US Jobs Data
The yield on the benchmark 10-Year US Treasury note fell 9 basis points to 3.66%, a two-week low, while the dollar index, which tracks the greenback against a basket of six developed economy currencies, fell around a quarter point to 110.65. The S&P 500 meanwhile, rose 2.8%, while the Dow …
Read More »Japan’s Nikkei jumps 3%, supported by the rise in Wall Street
Japan’s Nikkei index jumped 3 percent on Tuesday in its best session in more than six months, as investors flock to blue-chip and hard-hit growth-related stocks and following Wall Street’s sharp rally at the close in the evening. The Nikkei rose 2.96 percent to 26,992.21 points, supported by broad buying, …
Read More »Wall Street Creeps Out From September’s Losses
US stocks rallied, on Monday, after the S&P 500 and Nasdaq Composite closed out their first three-quarter losing streak since the 2008 Global Financial Crisis and the Dow logged its first such span of losses since 2015.The benchmark S&P 500 index soared 2.4%, while the Dow Jones Industrial Average jumped …
Read More »US stocks begin Q4 with biggest midday moves
Several companies are making the biggest midday moves in Wall Street including Credit Suisse shares that rose 1.7%, reversing an earlier decline that sent the stock to a record low, after the bank over the weekend made a series of calls to calm investor fears about its financial health. In …
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