Page 10 - Wall Street

Wall Street heads higher as US Federal Reserve rate hopes dent dollar

Oil prices jumped after health authorities in top global crude importer China eased some of the country's heavy COVID curbs

Morgan Stanley plans fresh round of layoffs globally in coming weeks

Some cuts will come from capital markets teams in Hong Kong and mainland China, and most of the rest are expected to be from other teams focusing on China business, both onshore and offshore

Caution creeps into world stocks as US Fed gets ready to hike big again

US stock futures, which provide an indication of how Wall Street will open, also lost some of their strength and were mixed

Sensex rises 203 pts, Nifty ends near 17,800; Maruti zooms 5%, RIL 3%

Stock market wrap: Reliance alone contributed 231 points to the 30-share benchmark. Maruti, M&M and NTPC were the other major gainers. The Metal and IT sector witnessed selling pressure.

In call with bankers, Musk pledges to close Twitter deal by Friday

Elon Musk pledged to close the acquisition of Twitter Inc. by Friday in a video conference call with bankers helping fund the deal

Asian stocks market follow Wall Street up on hopes of rate hikes easing

Asian stock markets followed Wall Street higher on Wednesday as hopes rose that the Federal Reserve might ease off plans for interest rate hikes and Britain installed its third prime minister this year. Shanghai, Tokyo, Hong Kong and Sydney gained. Oil prices declined. Wall Street's benchmark S&P 500 index rose for a third day after bond prices rose, suggesting some investors expect the Fed to ease off rate hikes as economic activity cools. Traders see weaker US housing prices and other data as support for a dial back of Fed plans at its December meeting, said Vishnu Varathan of Mizuho Bank in a report. The new British prime minister, Rishi Sunak, warned Tuesday of a profound economic crisis, but his arrival appeared to reassure rattled markets. The battered pound edged higher against the US dollar. The Shanghai Composite Index rose 1.4% to 3,018.59. The Nikkei 225 in Tokyo jumped 2.4% to 15,531.83 ahead of the expected release of a stimulus package this week that reportedly coul

Nasdaq leads Wall Street higher as investors brace for megacap earnings

Shares of Microsoft and Google-owner Alphabet were up 0.6% and 1.2% respectively, while Apple and Amazon.com also rose ahead of reporting quarterly earnings this week

Wall Street jumps on hopes of smaller Fed rate hikes, reverses decline

Traders are still widely expecting a fourth 75-basis-point hike at the central bank's November meeting

Wall Street gains as upbeat corporate forecasts boost sentiment

IBM up as it sees higher full-year sales; Dow Inc jumps after beating Q3 estimates; Tesla expects to miss vehicle delivery target this year; AT&T raises annual profit forecast, Verizon gains

Wall Street struggles as losses in Abbott counter Netflix's gains

US 10-year Treasury yield at highest since July 2008; Netflix jumps after reversing customer losses; P&G, Travelers post upbeat earnings; PHLX Housing Index falls 3% on weak US housing data

Wall St up as Goldman results keep optimism alive, rising yields cap gains

The benchmark 10-year Treasury note reversed early declines to rise for the fourth straight day, while big technology and growth names like Apple Inc, Amazon.com and Nvidia Corp cut back gains

Wall Street jumps as solid BofA results spark rally; Dow up 600 pts

Bank of America posts better-than-expected Q3 results; Goldman Sachs up on report of major business overhaul; S&P surges 2.5%, Nasdaq 3.05%

Wall Street slides as earning season starts with profit drop for big banks

Dow Jones Industrial Average was down 191.91 points, or 0.64%, at 29,846.81, the S&P 500 was down 47.10 points, or 1.28%, at 3,622.81

Global stocks surge after Wall Street rebounds from inflation jolt

Global stock markets surged on Friday after Wall Street rebounded from a slump caused by higher-than-forecast inflation numbers. Market benchmarks in London and Paris opened up more than 1 per cent. Tokyo jumped 3.3 per cent for its biggest one-day gain in seven months. Hong Kong and Shanghai also rose. Benchmark US crude rose almost USD 2 per barrel. On Wall Street, the future for the benchmark S and P 500 index was down 0.4 per cent. Wall Street slumped on Thursday after the US consumer price index for September rose 8.2 per cent. But the S and P 500 rebounded to end up 2.6 per cent for its biggest daily gain in 2 1/2 years. The sticker shock of inflation was "shrugged off, possibly because traders already expect another sharp interest rate hike from the Federal Reserve next month to cool surging prices, said Vishnu Varathan of Mizuho Bank in a report. The Fed and central banks in Europe and Asia have raised rates by unusually wide margins this year to contain inflation that is

Wall Street turns around to trade higher, led by cyclical stocks

Cyclical stocks lead gains, financials jump; headline CPI for September rise more than expected; megacap growth stocks tumble on rapid rate-hike fears

Wall Street slips as jobs growth boosts rate hike bets; Dow falls 480 pts

The S&P index recorded two new 52-week highs and 49 new lows, while the Nasdaq recorded 12 new highs and 148 new lows.

Wall Street slips as jobs growth boosts rate hike bets; Dow falls 480 pts

The S&P index recorded two new 52-week highs and 49 new lows, while the Nasdaq recorded 12 new highs and 148 new lows.

Wall St drops amid inflation, rate hike worries; megacap growth stocks fall

Megacap growth stocks fall against rise in yields; oil prices add to inflation woes post OPEC+ output cut; US weekly jobless claims increase more than expected

Wall Street slides as rising Treasury yields snuff out stock rally

Twitter eases from one-year high, Tesla falls 5%; Rate-sensitive technology and related stocks like Nvidia Corp, Amazon.com, Apple Inc and Alphabet Inc fell between 1.8% and 4%

Musk-Twitter deal revives $12.5 billion headache for Wall Street banks

Musk's proposal to proceed with Twitter acquisition for the original offer price poses a headache at the worst possible time for Wall Street banks already struggling to offload billions in buyout debt