Tag Archives: us stocks

US stocks sharply sold off on Tuesday following the comments by Fed Chair Jerome Powell who suggested that rates may need to go higher for longer, fueling fears of a potentially larger rate hike at the central bank’s March policy meeting.The Dow Jones Industrial Average was last down 402 points, …

The S&P 500 gained 1.6% to end its first profitable week in the previous four as the bond market’s easing yields relieved some of Wall Street’s pressure. Following a sharp surge and fall to start the year, it has found some steadiness. The Nasdaq composite rose 2% while the Dow …

The S&P 500 retreated and the main US indexes are expected to record monthly losses on Tuesday as Treasury yields surged while investors are focused on bets concerning upcoming interest rate decision which is seen high for longer. Bank of America Global Research warned the Fed could even hike interest …

Target delivered better-than-expected earnings for the fourth quarter but warned about a slowdown as consumers continue to focus on necessities. Shares are still trading about 5% higher in pre-market Tuesday. Target posted of $1.89 on revenue of $31.4 billion, beating the average analyst estimate for earnings of $1.40 per share on …

American equities rose sharply on Monday as investors sought to recoup some of their losses following Wall Street’s worst week of the year. Investors anticipate another strong week for retail profits.33 points, or 0.1%, were added to the Dow Jones Industrial Average. The Nasdaq Composite increased by 0.6% and the …

US stocks closed lower on Wednesday as traders and investors are busy digesting the summary of the Fed’s latest meeting minutes, looking for clues on the central bank’s next move against inflation. The Dow Jones Industrial Average dropped 84.50 points, or 0.26%, ending at 33,045.09. The S&P 500 fell 0.16% …

Wall Street fell on Thursday after unexpectedly strong inflation data and a drop in weekly jobless claims added to fears that the Federal Reserve will keep raising interest rates to tame high prices. Decline in jobless claims, showed the economy is holding up amid the Federal Reserve’s rate hikes. The …

Wall Street’s main stock indexes fell on Wednesday after stronger-than-expected retail sales data offered more evidence of resilience in the U.S. economy, fueling worries that the U.S. Federal Reserve could stick to its rate-hike campaign.Retail sales surged 3% in January, driven by purchases of motor vehicles and other goods. Economists …

The US dollar extended its February rally throughout the first half of the day, but turned negative during the US trading session to end the day mixed, as Fed’s Jerome Powell participated in a moderated discussion at the Economic Club, Washington DC.Key DevelopmentsIn his first State of the Union address …

Fed Chair Jerome Powell tends to stick to the scenario of ‘ongoing rate increases will be appropriate’ as inflation is still as twice as big as the US 2% target. The next CPI report might not have so much love for Wall Street, despite its release on Valentine Day Tuesday …