Page 11 - Wall Street

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

Growth stocks lift Nasdaq 3% as Treasury yields ease; Dow surges 700 pts

Twitter jumps on news Musk to resume buyout at $54.2/share; Tesla rebounds after worst selloff in 4 mths; US job openings post biggest drop in 2.5 yrs in Aug

Global shares rise after 'relief rally' on Wall Street; DAX rises 2.3%

Global shares rose Tuesday, with European markets tracking gains in Asia and US after some weak economic data raised hopes that the Federal Reserve might ease away from aggressive interest rate hikes. France's CAC 40 gained 2.8% in early trading to 5,955.79. Germany's DAX rose 2.3% to 12,484.83. Britain's FTSE 100 added 1.5% to 7,013.73. The future for the Dow industrials was up 1.3% at 29,913.00. The S&P 500 future contract rose 1.5% to 3,745.25. Japan's benchmark Nikkei 225 added nearly 3.0% to finish at 26,992.21. South Korea's Kospi gained 2.5% to 2,209.98. Australia's S&P/ASX 200 jumped 3.8% to 6,699.30 after its central bank boosted its benchmark interest rate for a sixth consecutive month to a nine-year high of 2.6%. The Reserve Bank of Australia's increase of a quarter percentage point to the cash rate was smaller than those at recent monthly meetings. When the bank lifted the rate by a quarter percentage point at its board meeting in May, it was the first rate hike in

S&P 500, Dow jump over 2% to kick-start fourth quarter; Tesla down

Tesla down as Q3 deliveries miss market estimates; US factory activity slowest in 2.5 years in Sept; Credit Suisse, Citi cut 2022 year-end target for S&P 500

Wall Street keeps stocks down as US dollar rises on higher inflation

The declines Friday cap a week of global market turmoil in which recession fears already sapped stocks and currency markets were rocked by dollar strength

Wall Street tumbles on growing concerns over economic growth

S&P 500 index back at near two-year lows; airlines, cruises fall on cancellations due to Hurricane Ian; CarMax slumps on missing second-quarter expectations