European stocks finished the first session of the week lower, amid concerns over a second wave of the Coronavirus (COVID-19) pandemic across many European countries, as well as the banking sector facing serious legal allegations. The Stoxx Europe 600 index fell by 3.35% and closed Monday at 356.43 points. The …
Read More »Wall Street Lower on Fears of Corona And Stimulus
The main stock indices fell on Wall Street at the open Monday, September 21, as fears grew of a new blow to the country’s economy in light of concern about another round of lockdown measures due to the Coronavirus and the ability of Congress to agree on more fiscal stimulus. …
Read More »European Stocks Decline on Fears of a New Lockdown
European stocks fell for the third session in a row on Monday, September 21, weighed by fears of a growing coronavirus infection on the continent and a fall in HSBC and Standard Chartered following reports alleging that the two British banks were involved in the transfer of illicit funds. The …
Read More »Wall Street Records Weekly Losses
The New York Stock Exchange (NYSE) extended its weekly losses on Friday, amid increasing selling pressures, especially on tech stocks. The Dow Jones Industrial Average DJIA dropped by 244.56 points, or 0.9%, to finish at 27,657.42 points, registering a marginal weekly loss of less than 0.1%. S&P 500 lost 37.54 …
Read More »European Stocks Record Small Weekly Gains
European stocks closed lower on Friday, as the Stoxx Europe 600 index declined by 0.52% and finished at 369.31 points, rising by 0.24% for the week. The UK’s FTSE100 decreased by 0.71%, following the Bank of England’s (BoE) decision to maintain its main rate steady at 0.1%. Meanwhile, the German …
Read More »NYSE Closes Lower as Market Digests Fed Policy Statement
The New York Stock Exchange (NYSE) closed Thursday lower with the market digesting the effect of the Federal Reserve’s decision to maintain interest rates near 0%, a move that would probably continue until 2023. The Dow Jones Industrial Average declined by 130.40 points, or 0.4%, to close at 27,901.98 points. …
Read More »European Stocks Close Lower Following Fed Decision
European stocks closed lower on Thursday, one day after the US Federal Reserve vowed to maintain interest rates near 0% for around three years. The pan-European STOXX 600 index closed lower by 0.40%. Meanwhile, the UK’s FTSE100 declined by 0.47%, and the French CAC40 index fell by 0.69%. Likewise, the …
Read More »European Stocks Drop From Their Highest Level in a Month
European shares fell from a one-month closing high on Thursday after a disappointing response to the US Federal Reserve’s pledge to keep interest rates low for a long time. By 07:10 GMT, the Stoxx600 index was down 1.1% and is on track to end a four-session winning streak. The Fed …
Read More »Japan Stocks Dropping as Yen Rises on US Headlines
Japanese stocks fell Thursday, September 17th, driven by the decline of export companies after the US Federal Reserve pledged to keep interest rates near zero until at least 2023, pushing the yen to its highest level in seven weeks against the dollar. The Nikkei index fell 0.67% to 23,319.37 points, …
Read More »NYSE Closes Wednesday Mixed Following Fed Meeting
The New York Stock Exchange (NYSE) finished Wednesday’s trading mixed, after the release of the Fed policy statement. The Dow Jones Industrial Average closed higher by 36.78 points, or 0.1%, at 28,032.38 points. The S&P 500 index declined by 15.71 points, or 0.5%, and closed at 3,385.49 points. Similarly, the …
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