US stocks rose slightly Monday in a shortened session that kicked off the second half of what’s already been a stellar year on Wall Street. The Dow Jones Industrial Average added 10.87 points, or 0.03%, to finish at 34,418.47. The S&P 500 climbed 0.12% to end at 4,455.59, while the …
Read More »Japanese Nikkei index recorded the longest streak of losses in 2023
Japan’s Nikkei index recorded its longest losing streak this year on Tuesday, with shares of many of the country’s biggest technology companies falling, trailing their US counterparts at the end of Monday’s trading. Despite the continued dominance of profit-taking sales after the Nikkei index reached a peak of 33 years …
Read More »Wall Street slides on uncertainty around rate hike outlook
On Monday, US stocks dipped a little bit as investors fretted about the effects of more interest rate hikes on the economy. The biggest losers were technology and megacap sectors.The markets’ response to the weekend’s foiled uprising by Russian mercenaries, which prompted doubts about President Vladimir Putin’s future and worries …
Read More »Nikkei is down for the third consecutive session
Japan’s Nikkei fell for the third consecutive session on Monday, after spending the day swinging between small gains and losses. The Nikkei index closed down 0.25 percent at 32,698.81 points. The benchmark index had fallen by about 2.4 percent in the previous two sessions, after rising over several months to …
Read More »Wall Street heading for a losing week
Stocks dipped on Friday, with Wall Street on track to post a losing week as a rally that carried the broader market in recent months appeared to run out of steam.The Dow Jones Industrial Average dipped 139 points, or 0.41%. The S&P 500 slid 0.40%, and the Nasdaq Composite was …
Read More »Japan’s Nikkei records its first weekly loss in 11 weeks, amid profit-taking
The Japanese Nikkei index gave up early gains made at the beginning of the session on Friday, to close lower and record its first weekly loss after ten weeks of gains, in light of investors taking profits before an expected wave of selling by the end of the month to …
Read More »Powell committed to learning from recent bank failures
Several Senate Republicans questioned the new banking regulations when Federal Reserve Chair Jerome Powell spoke before the Senate Banking Committee on Thursday, specifically whether or not small banks would be subject to increased capital requirements.Powell stated that a plan is under consideration and has already been discussed within the Fed, …
Read More »US stocks retreat for a third day on Powell’s testimony
Fed Chair Jerome Powell clarified the Fed’s stance by saying that the process of getting inflation back down to 2% has a long way to go. The S&P 500 was lower Wednesday as investors took a breather from last week’s market rally, and weighed Federal Reserve Chair Jerome Powell’s latest …
Read More »Nikkei reverses its course and closes higher
Japan’s Nikkei index reversed course to close higher on Wednesday as investors snapped up heavyweight stocks that have seen their prices decline, with SoftBank Group and chip-related stocks leading the gains. The Nikkei index rose 0.56 percent to close at 33,575.14 points, after falling as much as 0.7 percent earlier …
Read More »US stocks ticked down amid generally positive performance
US equities fell on Friday as Wall Street wrapped up a busy week that saw investors receive a Federal Reserve pause on rate hikes as well as positive inflation data. The Dow Jones Industrial Average dropped 108.94 points, or 0.32%, to settle at 34,299.12 and the S&P 500 dipped 0.37 …
Read More »