The US equities recovered from intra-day lows on Tuesday in wake of US President Joe Biden’s announcement of new sanctions targeting Russian banks, sovereign debt and wealthy individuals, joining the UK and EU who had already announced similar measures.After Biden’s remarks, where he urged that the door for diplomacy remains …
Read More »US Equities Dipped In Second Successive Weekly Loss
US equity markets fell for a second successive session on Friday ahead of the long weekend and now look on course to post a second successive negative weekly close for the first time since November 2021.US equity investors said on Friday that they didn’t want to be caught exposed ahead …
Read More »S&P falls On Russia-NATO Tensions
US equity markets were under pressure on Thursday, with all major US indices dropping more than 1.0%. Markets fell as Russia-NATO tensions continue to escalate against the background of uncertainty about the timeline of Fed tightening. US equity markets were under pressure on Thursday, with all major US indices dropping …
Read More »US Stock Indexes Mixed Following FOMC Minutes
US stock indexes have maintained mixed performance on Wall Street in afternoon trading Wednesday following Fed meeting minutes. The Federal Reserve’s latest policy meeting showed policymakers discussing the possibility of a more aggressive pace of interest rate hikes as the central bank moves to fight inflation. The S&P 500 was …
Read More »US Equities Rebounds As Russia-Ukraine Crisis Eases
US equities are up sharply on Tuesday as investors breathe a sigh of relief amid apparently easing geopolitical tensions.News of Russian troop withdrawals from Ukraine’s border helped distract equities from ugly PPI and NY Fed survey data. The S&P 500 was up about 1.5%, the Nasdaq 100 up nearly 2.0% …
Read More »S&P 500 Falls On Escalated Russian-Ukrainian Crisis
On Friday, US equities dropped sharply as recent geopolitical chatter linked to the Ukraine – Russia conflict. US news sources said that a Russian invasion of Ukraine was imminent, spurred a flight to safe-haven assets. As the New York session ends, the S&P 500 drops 2.05%, at 4,410.85. The Dow …
Read More »Wall Street Soars On Back of Big Tech
Wall Street jumped on Wednesday, closing sharply higher as megacap growth stocks powered up thanks to a pause in rising interest rates, and upbeat earnings reports also encouraged investors to buy.The benchmark 10-year US Treasury yield slipped from multi-year highs hit in the previous session, helping steady sentiment across global …
Read More »Lyft’s Fourth-Quarter Results Better Than Expected
Lyft reported fourth-quarter results that beat estimates for adjusted earnings per share and revenue, but said it had fewer active passengers than the previous quarter. Shares fell more than 6% in after-hours trading after executives said the Omicron virus variant will affect first-quarter numbers. Earnings per share were adjusted 9 …
Read More »Stock Futures Gain With More Big Earnings Ahead
US stock futures rose slightly in overnight trading on Tuesday as investors prepare for another round of corporate earnings. Dow futures rose about 70 points. S&P 500 futures gained 0.25% and Nasdaq 100 futures rose 0.27%.Chipotle rose more than 7% in after-hours trading on the back of its strong earnings, …
Read More »US Stocks Mixed Following December Trade Balance Data
Wall Street stocks were mixed early on Tuesday as market participants digested December’s trade balance figures and continued to look ahead to key inflation data scheduled for release later in the week.As of 1510 GMT, the Dow Jones Industrial Average was up 0.13% at 35,135.36, while the S&P 500 was …
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