Page 27 - Us Markets

Wall Street rebounds from recent losses, Dow rises 200 pts; Fed in focus

FedEx falls on profit drop, forecast cut; Energy stocks lead early gains

Wall Street pushes ahead a day after biggest drop since May

Stocks rose modestly in morning trading on Wall Street Tuesday, making up some of the ground they lost in a sharp pullback a day earlier. The S&P 500 rose 0.2per cent as of 10:13 a.m. Eastern. The Dow Jones Industrial Average rose 135 points, or 0.4per cent, to 34,099 and the Nasdaq rose 0.2per cent. Health care companies helped lead the broader market higher. Johnson & Johnson rose 1.2per cent after reporting that a booster of its one-shot coronavirus vaccine provides a stronger immune response months after people receive a first dose. Technology companies also made gains in a reversal from Monday, when the sector slumped. The yield on the 10-year Treasury held steady at 1.31per cent. European markets were also higher, and Asian markets mostly rose. Chinese markets remained closed for a holiday. The market sell-off on Monday was prompted in part by worries about heavily indebted Chinese real estate developers and the damage they could do if they default and send ripple ...

Uber Technologies forecasts first-ever adjusted profit, shares jump 7%

Uber Technologies Inc could post its first profit on an adjusted basis in the current quarter, its chief financial officer said on Tuesday, sending the ride hailing company's shares up nearly 7%

Global rout sends Sensex 525 pts lower; metal index tumbles 7%, PSU bank 4%

Only six of 30 Sensex stocks ended in the green, mainly from the FMCG and financial space

Evergrande, growth worries dampen sentiment for global stock markets

Shares in embattled property developer China Evergrande, which has two trillion yuan ($310 billion) in liabilities and faces an $80 million bond coupon payment next week

Gold prices rebound but set for weekly loss as dollar holds ground

Spot gold rose 0.5% to $1,762.55 per ounce by 0716 GMT, while U.S. gold futures GCv1 gained 0.4% to $1,762.80.

Gold dips as dollar firms, investors eye clues on US Fed move

Bullion is viewed as a hedge against the inflation and currency debasement likely from widespread stimulus

Energy, financials help Wall Street rise from bruising week; Dow up 270 pts

Biden corporate tax hike in focus; S&P energy sector jumps 3.3%

Big up days are gone as corrections hit half of S&P 500 stocks

The S&P 500 has gone 34 days without rising 1% in any of them

Gold price bounces over $1,800 on growth risks, but bound for weekly dip

Gold continues to remain a buy on dips because central banks are in no hurry to raise interest rates

US initial jobless claims fall by most since late June in week

Continuing claims for state benefits fell to 2.78 million in the week ended Aug. 28.

World, US share markets come under pressure as Delta, economy worries mount

European stocks retraced ahead of an ECB policy meeting on Thursday. The STOXX 600 benchmark was down 0.5% but just below its lifetime peak hit in August.

Dow falls over 250 points on worries over slowing economic recovery

Boeing drops after Ryanair ends jet order talks; Tinder parent Match Group jumps on joining S&P 500

S&P 500, Dow slip as monthly jobs growth slows; tech stocks lift Nasdaq

Dismal jobs report calms taper fears; banking stocks slide, shrug off jump in bond yields

Oil steady ahead of US jobs report as US storm recovery struggles

Brent crude futures were up 22 cents, or 0.3%, to $73.25 a barrel at 0911 GMT

United States initial jobless claims decline to fresh pandemic low

Continuing claims for state benefits fell to 2.7 million in the week ended Aug. 21.

Fed Chair says taper could start in 2021, with no rush on rate hike

Powell said US economy continued to make progress towards the central bank's benchmarks for reducing its pandemic-era emergency programs, but stopped short of signaling the timing for any policy shift

S&P 500 hits record high as 'prudent Powell' stands pat on policy

All the 11 major S&P sectors were up, with energy, materials and communication services jumping 1% each.

Subdued investors keep powder dry ahead of Jerome Powell's speech

The STOXX index of 600 European companies, nudged 0.15% higher to 472.51 points, less than four points from its record high from earlier this month

Risk-on sentiment grows as Jackson Hole speech nears

Stocks in Asia, Europe and Wall Street futures all made gains, setting them on a recovery course after Chinese regulatory worries triggered a sell-off last week.