A rebound in oil prices on concerns of tight supply gave world stocks a lift on Monday in a session hit by a US holiday
US stocks have seen their worst first half of a year since 1970, as concerns grow over how steps to curb inflation will affect economic growth.
Bitcoin has lost almost 60% of its value this year and 37% this month alone in the cryptocurrency sector's latest meltdown
Market volatility and a rapidly changing macroeconomic landscape have clouded metrics that investors typically use to value stocks
Growth stocks decline, banks also down; S&P 500 down 22.9% year-to-date
Weekly jobless claims fall 3,000 to 229,000; continuing claims rise 3,000 to 1.31 mn
With markets now betting policymakers will hike rates by at least 50 bps in their next three meetings, expectations of a less hawkish Fed are fading and investors believe more declines are on the way
FPIs sell shares worth Rs 4,000 crore; US inflation hits new 4-decade high
The Dow Jones Industrial Average fell 882.47 points, or 2.73%, to 31,395.72
Markets, which have already priced in several ECB rate increases and the end of bond-buying stimulus, want more clarity on what comes after.
The Nasdaq Composite was down 207.54 points, or 1.68%, at 12,109.36
Salesforce, Capri Holdings rise after lifting profit outlook; US 10-year Treasury yields spike to two-week high
An analyst thinks earnings estimates remain too high and sees the S&P 500 trading close to 3,400 by the end of the second-quarter earnings season in mid-August
Energy outperformed with a 1.1% gain as Brent crude climbed above $120 a barrel
Macy's, Dollar General climb after forecast raise; weekly jobless claims fall, Q1 economic contraction confirmed
Nordstrom climbs after raising profit outlook; Amazon.com and Tesla Inc underpinned the gains on the Nasdaq with advances of 1% and 2.1%, respectively
Major indexes are opening broadly higher on Wall Street Monday following seven weeks of declines that nearly ended the bull market that began in March 2020. The S&P 500 is up 0.9% in the early going. The tech-heavy Nasdaq is up 0.6% and the Dow Jones Industrial Average climbed 1%. European markets were also higher and Asian markets closed mixed overnight. Treasury yields are slightly higher. The yield on the 10-year Treasury note, which helps set mortgage rates, rose to 2.81%.Ware soared following a report that chipmaker Broadcom is in talks to buy it. Wall Street pointed toward gains before markets opened Monday after dipping close to the edge of a bear market to close the week Friday. Futures for the Dow Jones Industrials rose 1% and the S&P 500 climbed 1.1% in premarket trading. Benchmarks rose in Frankfurt, London and Tokyo and fell in Paris and Hong Kong. Oil prices also gained. Yet it has been a brutal stretch for major markets in the U.S. and globally. On Friday the ...
US stocks are on their longest losing streak since the Great Depression by at least one key measure.
The dollar rose 0.3% against the euro as US stocks tumbled on Friday, putting the S&P 500 Index on the verge of confirming it has been in a bear market since hitting a record high in January.
The S&P 500 is headed for its seventh weekly decline that would make the longest losing streak since the dotcom bubble burst more than two decades ago.