Page 13 - Wall Street

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'

Wall Street Week Ahead: US summer stock rally at risk as September looms

Chief among the reasons for the gloomy outlook is a belief that the Fed will continue hiking rates and keep them above neutral longer than markets had anticipated as recently as a week ago

Wall Street rises as investors await Fed's signals from Jackson Hole

Data shows mild US economic contraction in Q2; Salesforce falls after slashing outlook, citing macro concerns; Nvidia forecasts sharp drop in Q3 sales; Tesla slips as 3-for-1 stock split kicks in

Growth stocks lift Wall Street, all eyes on Jackson Hole; Tesla rises

Tesla rises ahead of stock split; Nordstrom dives after cutting profit forecast; Intuit gains on upbeat revenue forecast, Q4 results

Dollar, treasury yields slip as US data suggests less hawkish Fed

Gold snapped a six-session losing streak while Wall Street was little changed on hopes the Fed will turn dovish

Wall Street: Nasdaq slumps more than 2% on fears of aggressive Fed

Megacap growth, tech stocks extend losses; AMC tumbles as UK's Cineworld mulls bankruptcy filing

Wall Street pushes stocks down, dollar up on Fed hike fears; yields rise

The Dow Jones Industrial Average fell 0.86%, to 33,706.15, the S&P 500 lost 1.29%, to 4,228.37, and the Nasdaq Composite dropped about 2%, to 12,705.22

Wall Street reminded of risks as Fed mulls intervention; oil prices fall

The Dow Jones Industrial Average fell 0.54% to 33,813.96, the S&P 500 lost 0.67% to 4,254.83 and the Nasdaq Composite declined about 1% to 12,837.36

Nasdaq leads Wall Street lower as rate hike worries spark tech rout

Dow Jones Industrial Average was down 192.74 points, or 0.57%, at 33,806.30, the S&P 500 was down 38.75 points, or 0.90%, at 4,244.99

Wall Street set for losses as major global economies are sputtering

Wall Street was set to open lower, with S&P 500 futures down 1% and Nasdaq futures down 1.2%

Wall Street slips as weekly jobless claims edge lower

Weekly jobless claims fall 2,000 to 250,000; Kohl's slashes 2022 forecasts

Wall Street falls as growth stocks slide, Target weighs on retail shares

US retail sales flat in July; core sales rise; retailer Target's quarterly profit slumps

Wall Street: Dow, S&P 500 gain on retail earnings boost; US yields rise

Walmart sees smaller profit drop this year; Home Depot beats sales estimates; US yields rise as retail data points to more Fed tightening

Home Depot beats sales estimates in June qtr on demand from builders

Net sales for the largest US home improvement chain climbed 6.5% to a $43.79 bn, compared with estimates of $43.36 bn