Dow Jones and S&P 500 closed higher on Tuesday, with all three major averages on track to finish December with gains. S&P 500 is up 4.4% for the month and comes off its longest weekly winning streak since 2017. Dow and Nasdaq are up 4.5% and 5.5%, respectively. S&P 500 …
Read More »US Equities Retreat As Investors Fret On Several Concerns
China lockdowns, Russo-Ukraine war/Russo-Western tensions, growth concerns and expectations for central bank tightening have all been cited as hurting sentiment.Aside from strength in energy stocks amid a rebound in oil prices, US equity markets were a sea of red on Tuesday, with the major indices led lower most notably by …
Read More »Wall Street Stock Selloff Gathers Pace as T-Yields Climb
US stocks fell across the board and Treasury yields surged amid a ramp-up in speculation that central banks will have to boost interest rates sooner than earlier anticipated.All but one of the 11 industry groups in the S&P 500 fell, while the Dow Jones Industrial Average dropped to the lowest …
Read More »World shares rise over sharp gains in energy stocks
World shares rose on Monday, led by sharp gains in energy shares. Traders seized the opportunity of crude oil prices soaring to three-year highs of almost USD 80 per barrel.European stocks firmed after Germany’s election results have indicated potential chances of forming left-wing coalition. German shares jumped 1.1 per cent, …
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