Investors are homing in on a flood of earnings reports from Wall Street's tech and Internet giants
The Dow Jones Industrial Average fell 0.94% to end at 34,002.92 points, while the S&P 500 lost 1.30% to 4,300.46
(Reuters) -Half of U.S. Federal Reserve policymakers now expect to start raising interest rates next year and think borrowing costs should increase to at least 1% by the end of 2023, reflecting a growing consensus that gradually tighter policy will be needed to keep inflation in check.
Energy shares track weaker oil prices lower; S&P 500 tracks longest monthly winning streak since 2018
Securities and Exchange Commission Chair Gary Gensler has a warning for hundreds of Chinese companies that have raised billions of dollars in US markets
U.S. business activity grew at a moderate pace for a second straight month in July amid supply constraints
Since the outbreak of the pandemic, the US Fed's balance sheet has risen 76 per cent from $4.2 trillion in March 2020 to $ 8.2 trillion on Wednesday
Eight of the 11 major S&P 500 sector indexes were trading lower, with technology falling 0.5% and set to snap a four-day winning streak.
Stock investors are watching the dramatic moves in the Treasury market for clues on the fate of one of this year's most successful plays - the so-called reflation trade
US Treasuries prices maintained gains on Wednesday, holding down yields, and two stock indexes notched record highs
Demand is up across the board, from die-hard day traders piling into meme stocks, to exchange-traded funds and even once-cautious hedge funds now raising leverage to boost exposure
We're in the happy period of global economy coming back to life, but we need to watch carefully the US inflation situation
Biden has already described, in general terms, major plans on infrastructure and he won a major victory on Covid-19 relief earlier this year
US Treasuries declined on heavy futures volumes after the minutes were published
Wall Street stocks fell on Tuesday, with technology shares turning lower in late New York trading, while the US dollar touched its lowest level since late February
Strong economic growth in the US coupled with aggressive stimulus measures and rapid vaccination has propelled the world's biggest market
"I'm willing to negotiate that," he told reporters. "But we've got to pay for this."
There have only been 10 SPAC listings in Europe in 2020 and 2021, with a total value of about $1.3 billion
ViacomCBS, Baidu and VIPShop fell between 0.2% and 1.5%
A number of large block trades on Friday, which investors said caused big drops in the stocks of a clutch of companies, were linked to the Archegos Capital investment fund