Page 12 - Wall Street

Wall Street jumps over 1% in choppy trading as yields dip

World shares tumbled on Wednesday after a wobbly day on Wall Street as markets churned over the prospect of a possible recession. US futures and oil prices declined and China's yuan weakened sharply. Trading has been volatile since the Dow Jones Industrial Average followed other major US indexes into a bear market earlier this week. In early trading, Germany's DAX lost 1.3 per cent to 11,983.29 and the FTSE 100 in London was also down 1.3 per cent, at 6,895.21. In Paris, the CAC40 gave up 0.9 per cent to 5,702.50. The future for the S and P 500 was 0.8 per cent lower and the contract for the Dow industrials lost 0.6 per cent. China's yuan fell to a 14-year low against the dollar Wednesday despite central bank efforts to stem the slide after US interest rate hikes prompted traders to convert money into dollars in search of higher returns. The yuan fell to 7.2301 to the dollar, its lowest level since January 2008. One yuan was worth about 13.8 cents, down 15per cent from its March

Wall Street deep in bear market as S&P 500 hits new two-year low

S&P 500 hits lowest since Nov. 2020; rate-sensitive tech, growth stocks give back gains; energy stocks among rare gainers

Wall Street extends declines on recession worries; Dow falls over 300 pts

Tech, consumer discretionary pare back gains; casino stocks jump as Macau allows tour groups after nearly 3 years

Wall Street banks review contingency plan as China-Taiwan tension escalates

While financial services executives said they view the risk of armed conflict in North Asia as low, they see tit-for-tat sanctions between the US and China that disrupt the flow of finance and trade

Wall Street rises as investors gear up for another big rate hike

Ten of the 11 major S&P 500 sectors were up in early trading, led by a 1.1% jump in energy and industrial shares

Wall Street drops 1% with all eyes on Fed policy decision on Wednesday

The benchmark US 10-year Treasury yield hit 3.58%, its highest level since April 2011; Ford sees additional $1 bn in inflationary costs, shares fall

Wall Street slips on rate-hike jitters; Nasdaq down 0.5%

All eyes on Fed policy decision on Wednesday; traders price in small chance of 100 bps rate hike

Global stocks, Wall Street futures lower amid inflation pressure

Global stocks and Wall Street futures fell on Friday after higher-than-expected US inflation dashed hopes the Federal Reserve might back off plans for more interest rate hikes. London and Frankfurt opened lower. Shanghai, Tokyo and Hong Kong retreated. Oil prices declined. Wall Street's benchmark S and P 500 index lost 1.1 per cent on Thursday, adding to declines after August inflation stayed near a four-decade high despite four interest rate hikes this year to slow the economy. On Thursday, US government data showed unemployment claims last week declined while August consumer sales rose. That gives ammunition to Federal Reserve officials who say the economy can tolerate more rate hikes. Wall Street's decline indicates no sign of relief for risk sentiments while the job market data provided the go-ahead for further tightening in monetary policy, Yeap Jun Rong of IG said in a report. In early trading, the FTSE 100 in London lost 0.3 per cent to 7,262.67 and the DAX in Frankfurt she

Wall Street ticks lower as rate worries persist; Adobe slides on Figma deal

Railroad stocks gain as strike averted; retail sales up 0.3% in August vs est 0.0%; weekly jobless claims fall to 213,000; Adobe slides on Figma buyout deal

Wall Street edges higher after rout on rate hike worries; Tesla up 1.5%

Traders price in 37% chance of 100 bps rate hike next week; Starbucks projects strong profit growth over next three years

Wall Street plunges as inflation data stokes bets of large rate hikes

US consumer prices rise more than expected in August; traders see a small chance of 100 bps rate hike next week

Wall Street hits more than two-week high on energy, tech gains

All eyes on August CPI report on Tuesday; Bristol Myers rises on FDA approval for psoriasis drug; Twitter says Musk's latest attempt to renege deal invalid

Stocks rise as tech, growth shares lead; 2-year US yields at 14-year highs

On Wall Street, all three major indexes ended with gains of at least 1%, scoring their first weekly increase in four weeks

US stocks rise on Wall Street, remain on track for weekly gains

Stocks shook off an early stumble and rose in morning trading on Wall Street on Thursday, keeping the market on track to break a three-week losing streak. The S and P 500 rose 0.5 per cent as of 10.58 am Eastern. The benchmark index is holding on to a 1.9 per cent gain for the week. Stocks have been mostly losing ground in recent weeks after the Federal Reserve indicated it will not let up anytime soon on raising interest rates to bring down the highest inflation in decades. The Dow Jones Industrial Average rose 133 points, or 0.4 per cent, to 31,720 and the Nasdaq rose 0.6 per cent. Health care stocks made broad gains. Regeneron surged 16.9 per cent after the company and partner Bayer reported encouraging study data on an anti-blindness drug. Banks also rose broadly. JPMorgan Chase rose 2.1 per cent. Bond yields remained mostly steady. The yield on the 10-year Treasury, which influences interest rates on mortgages and other loans, fell to 3.25 per cent from 3.27 per cent late on

Work from home is loved worldwide, even if Wall Street firms hate it

Workers say they're more productive at home, would quit their jobs or look elsewhere if they are forced back, and would take pay cuts to maintain the remote option, the study found

Wall Street rebounds as yields slip, focus on Fed path; Nasdaq up 1%

Data signaling strength in the US economy has prompted traders to bet on a 75-basis-point interest rate hike by the Fed later this month

Wall St extends losses as Fed worries remain; Bed Bath & Beyond shares sink

Bed Bath & Beyond shares sink after CFO's death; Wall Street coming off three straight week of declines

'JP Morgan may include G-Secs in global bond index as early as next week'

Even though the government is yet to make up its mind on inclusion of G-Secs (Government Securities) in global bond indices, Wall Street brokerage Morgan Stanley expects indices major JP Morgan to make an announcement in this regard as early as next week. On Monday finance minister Nirmala Sitharaman told an industry gathering that the 2020 budget proposal on allowing bond inclusion in international indices could not move forward as the fund flows did not meet the desired levels, due to many reasons including the Covid pandemic. Without offering any details like a timeline or the tax and stamp duty breaks that investors were demanding, Sitharaman said: "I don't know whether we're holding it back or not. I think global situation changed a lot since I made that statement in the 2020 budget. "Global fund flows have not been as big as we wanted it to be primarily due to other reasons. So it'll come to its natural, logical conclusion soon." According to the RBI data, G-Secs outstanding

Wall Street struggles for direction on rate hike jitters; Snap jumps

Snap jumps as it restructures ad business, lays off staff; Netflix rises after hiring two Snap Inc executives; Bed Bath & Beyond sinks on corporate overhaul

Wall Street extends losses on rate hike worries; Dow falls over 200 pts

Traders expect 75bps rate hike in September; Dow Inc falls after Keybanc cuts to 'underweight'