Investors are absorbing the buyout of First Republic Bank at the start of a week that contains additional corporate results, a Federal Reserve policy meeting, and the eagerly anticipated monthly employment report. The Dow futures contract was up barely 3 points at 10:45 GMT, the S&P 500 futures were mostly …
Read More »U.S. stocks are rising after strong reports from Microsoft, Boeing
After Microsoft exceeded expectations, technology firms helped lift U.S. markets higher. The S&P 500 was up 0.2% and the NASDAQ Composite was up 0.7% as of 13:47 GMT, while the Dow Jones Industrial Average was up 52 points, or 0.2%. After Microsoft Corporation posted better-than-anticipated results for the quarter and …
Read More »US stocks slide ahead of key earnings
As investors processed a flurry of significant quarterly reports and readied themselves for the start of the big tech earnings season, stocks were trading lower on Tuesday. A 122 point, or 0.4%, decline in the Dow Jones Industrial Average was seen. The Nasdaq Composite was down 1% and the S&P …
Read More »Tesla drags Nasdaq lower ahead of tech earnings
While investors awaited reports from Megacap businesses and important economic data this week, the Nasdaq led Wall Street losses on Monday as Tesla shares were pressured due to the company’s intentions to increase spending.Tesla Inc. fell 3.4% as a result of the automaker increasing its projected capital expenditures for 2023 …
Read More »Dollar is rising after its recent losses, with anticipation of interest rate decisions
The dollar rose on Monday to stabilize its price after the recent losses it suffered a week ago when investors await the Bank of Japan meeting and the issuance of the latest data before the decisions of the Federal Reserve and the European Central Bank on interest rates in early …
Read More »Dollar is recovering, supported by rising bond yields
The dollar stabilized on Wednesday after swinging amid bond market volatility in previous sessions, as investors focused on US economic indicators, Federal Reserve comments and corporate earnings in search of clues to the path of interest rates. The dollar index, which measures the performance of the US currency against six …
Read More »Dollar rose with the increase in expectations of raising interest rates
The dollar rose on Monday and hit a one-month high against the yen after strong US retail sales and impressive earnings from Wall Street banks increased market expectations that the Federal Reserve will raise interest rates in May. Data released on Friday showed that so-called core retail sales, which exclude …
Read More »Dollar is losing strength with the expectation that the US interest rate hike will end soon
The dollar fell to near a two-month low against major currencies on Friday, while the euro hovered near a one-year high, as dealers’ expectations of an imminent end to the US interest rate hike cycle increased amid signs of slowing inflation. Data from the US Labor Department on Thursday showed …
Read More »US stocks surge as investors bet on Fed’s soft landing
US stocks rose on Thursday after less-than-expected inflation data encouraged traders’ expectations for a soft landing for the US economy. Big Tech led the way as stocks rose on Thursday as traders celebrated yet another report that suggested that US inflation was slowing. The S&P 500 climbed 1.3% to 4,145, …
Read More »Forex: Dollar is falling ahead of the release of US inflation data
The dollar fell on Wednesday ahead of the closely watched inflation reading later in the day that will provide more clues on the path of Federal Reserve policy on interest rates. After announcing strong jobs data in the US last week, eyes are now focused on the inflation report and …
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