Atlanta Fed’s Raphael Bostic said on Monday night interview on Bloomberg TV that faster taper would give the US more optionality, but “we still have a COVID economy, he added.Given the mixed comments and Wall Street’s latest mild reaction, as S&P 500 Futures printed 0.14% intraday gains following the comments …
Read More »Afternoon Slump Leaves Major US Indexes Lower
An uneven trading session on Wall Street closed with stocks mostly lower Monday, as a late afternoon burst of selling derailed the market from a fresh all-time high.The S&P 500 fell 0.3% after having been up as much as 1% earlier in the day and on pace to eclipse the …
Read More »Wall Street, European Stocks Jump on Powell’s Second Term News
Wall Street shares rose to record levels on Monday and European stocks turned into the positive territory after US President Joe Biden picked Jerome Powell to continue as Chair of the Federal Reserve Bank, in a move welcomed as a signal of stability by global investors.The S&P 500 rose 0.92% …
Read More »Lockdown News Quakes Wall Street, USD Boosted
Renewed concerns about COVID-19 in the face of looming European lockdowns impacted a range of sectors Friday, pushing stocks and oil down. This latest news boosts the US dollar.Stocks have been shaken in morning trading on Wall Street Friday and major indexes were on track for a mixed finish to …
Read More »Wall Street Closes With Mild Improvement
US shares markets witnessed a mild improvement in trading sentiment, despite printing a mixed daily performance for Thursday. The reason could be linked to the strong US data and comments from the Fed policymakers, as well as a pullback in the US inflation expectations and the Treasury yields.Dow Jones dropped …
Read More »US Shares Retreat From Highs
US Shares turned lower in morning trading despite strong earnings from Macy’s and Kohl’s and despite unemployment data that showed the labor market is continuing to recover.Stocks have been shaken since midday trading on Wall Street Thursday as investors reviewed the latest earnings reports from retailers and an update on …
Read More »Tech Shares Lead Wall Street Slump
The Dow Jones Industrial Average dropped 150 points Wednesday, as Lucid Motors and Rivian skidded in morning trade. Tesla stock rallied, extending Tuesday’s gains. And Nvidia earnings are due after the stock market close.U.S. shares were trading modestly lower on Wednesday, a day after a positive session on Wall Street, …
Read More »US Shares Bounce Over US and Chinese Data
Major stock indexes edged higher in early trading, then continued to rise boosted by improved Chinese data, led by retail sales’ rising to 4.9% October, compared to the previous reading of 4.4%, above the expected 3.5%.The US data also showed an improvement at the level of the manufacturing sector, which …
Read More »S&P 500 opened higher before U. S. Data
Wall Street’s main indexes trade in the positive territory on Friday. Tech shares push higher after the opening bell.Major equity indexes in the U. S. started the last day of the week in the positive territory on the back of improving market sentiment. The CBOE Volatility Index, Wall Street’s fear …
Read More »S&P 500 Stabilizes With Gains
Trading conditions on Thursday were limited, with many investors away for Veteran’s Day. Bond markets have been closed. The S&P 500 index started the U. S. session above 4660 but has gradually been lower to around the 4650 mark, where it trades with one the day gains of about 0.1%. …
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