Tag Archives: S&P 500

Uber has officially reported positive earnings to qualify the ride-sharing company to join the S&P 500. The company’s Q3 results missed analysts’ expectations, with revenue up 11% year over year to $9.29 billion.CEO Dara Khosrowshahi said Uber’s third quarter was “very strong” and saw accelerations in gross bookings, trips, and …

With company earnings, economic data, and the Federal Reserve’s two-day monetary policy meeting this week, Wall Street rebounded on Monday.The S&P 500 gained 1.2%, the Nasdaq gained almost the same amount, and the Dow increased by almost 1.6%. Microsoft and Amazon outperformed the market as a whole, and Megacap stocks …

US stocks are rising. Bonds are rising as markets reopen following a holiday, in part because investors are seeking safe haven after the escalation of Middle Eastern tensions. However, given that more speakers are scheduled for Tuesday, two Fed officials on Monday discouraged interest rate increases.Investors, particularly oil speculators, will …

After the release of stronger-than-expected US jobs data and a spike in Treasury yields, stocks rose on Friday. The Nasdaq Composite surged 1.7%, the S&P 500 added 1.4%, and the Dow Jones Industrial Average increased by 414 points, or 1.2%. With wages growing less than anticipated last month, the Labour …

The US government is on the verge of a temporary shutdown starting this Sunday, October 1st. Once again, Democrats and Republicans in the world’s largest economy are in a deadlock over how to allocate fiscal funds. Looking back, since 1981, the US government has partially suspended operations 14 times. The …

US stocks opened higher after the release of inflation data by the Bureau of Labor Statistics, showing prices rose 3.2% in July from a year ago, marking the first increase after 12 months of steady declines. Overall inflation has dropped from last summer’s peak of 9.1%. The 10-year Treasury rose …

The benchmark funds rate was held unchanged in September by the Fed in a range of 5.25% to 5.5%. Jerome Powell, the chair of the Fed, has provided his forecast on rates, the economy, and the possibility of a gentle landing. The central bank has increased its benchmark borrowing rate …

Wall Street closed with little change on Monday as investors await the US Fed’s decision to leave key interest rates unchanged on Wednesday, as expected. The three major US stock indexes ended a choppy session with nominal gains, as investors showed little conviction heading into the Fed’s two-day monetary policy …

US stocks are falling as Wall Street waits for updates on the economy and major tech firms. At lunchtime, the S&P 500 was down 0.5%, while the Dow Jones Industrial Average was down 51 points, or 0.1%, to 34,612. After largely declining for a year, oil prices have begun rising …

New Zealand will release data on electronic card retail sales during the Asian session, and Australian confidence polls are also due. The UK employment statistics and the German ZEW survey will be the important reports later in the day. After several days of advances, the US Dollar Index’s (DXY) winning …