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 »US shares trim earlier declines after Brainard’s remarks
US stocks pared earlier declines after Fed Vice Chair Lael Brainard said that it would be appropriate “soon” for the central bank to slow its pace of interest-rate hikes.The S&P 500 fell 0.1% after struggling for direction earlier in the session. The tech-heavy Nasdaq 100, which is typically more sensitive …
Read More »Market Drivers – US Session 11/11/2022
Global stocks rallied on Friday for a second day on hopes cooler US inflation would lead to less aggressive interest rate hikes by the Federal Reserve, an outlook that pushed the dollar to its biggest two-day drop in 13 years.Economic DataMSCI’s all-country world index rose 1.91%, lifting it to its …
Read More »Wall Street benefits from softer US dollar
On Wall Street, US stocks surged, Friday, to add to the prior US session’s biggest daily percentage gains for the S&P 500 and Nasdaq in more than 2-1/2 years after year-over-year inflation in October fell below 8% for the first time in eight months.The S&P 500 closed out its best …
Read More »US Stocks Close With Sheer Gains On Hopes For Lower Inflation
Wall Street stocks surged on Thursday and closed with sheer gains, including a nearly 1,200-point jump for the Dow, as investors seized on data showing US inflation slowing to spark a rally.The Dow Jones Industrial Average jumped 3.7 percent to finish at 33,715.37, while the broad-based S&P 500 jumped 5.5 …
Read More »US shares slide on Fed’s hawkish signals
Wall Street’s main indexes extended their stay in the red territory and recorded losses for a fourth straight session on Thursday as investors got more concerned that the US central bank could raise interest rates for longer than previously expected.Market participants were hoping that the Fed, which raised rates by …
Read More »US shares fall as Wall Street prepares for FOMC decision
The Dow Jones Industrial Average dropped 105 points, or 0.3%. The S&P 500 and Nasdaq Composite retreated 0.5% and 0.7%, respectively. So, Stocks fell Wednesday as investors await the Federal Reserve’s latest rate decision at the conclusion of its two-day policy meeting.The Fed is widely expected to announce a 0.75 …
Read More »US shares Rally on earnings, interest rate expectations
US shares rallied for a second straight session while investors focus on some of the world’s biggest companies to report earnings this week. Traders also spiced their expectations and bets on whether the US central bank could slow its pace of interest-rate hiking after digesting negative economic data released on …
Read More »Market Drivers – US Session 21/10/2022
Amid hopes that Fed could be less hawkish, as mentioned by Fed officials debating to slow the pace of rate increases following November’s meeting. At the time of writing, WTI is trading at $85.05 per barrel, up by 0.19%. The Euro recovered to the 0.9800 level as Fed officials signaled …
Read More »US Shares surge on hopes for less hawkish Fed
US shares surged on Friday after a news report, by WSJ, said the US Fed will likely debate on a smaller interest rate hike in December, raising hopes the central bank may be ready to adopt a less hawkish policy stance.The Dow Jones Industrial Average (.DJI) rose 646.73 points, or …
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