Page 15 - Wall Street

Asian stocks edge down in early trade after Wall Street falls; oil rise

MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.7%. The index is down 3.8% so far this month. U.S. stock futures, the S&P 500 e-minis, were up 0.27%

Bruised US stock investors brace for more pain in second half of 2022

With investor expectations fluctuating between continued high inflation and an economic downturn caused by a hawkish Fed, few believe the market's volatility will dissipate anytime soon

Wall Street struggles for direction on growing recession fears

Lower bond yields lift some technology stocks; Accenture stock slides on tepid current-quarter sales view

Wall Street's hiring frenzy eases as worries grow over economy, market fall

Soaring inflation exacerbated by Russia's invasion of Ukraine and resulting interest rate hikes are making some Wall Street companies nervous about the risk of a recession

Nasdaq turns positive after Fed chair's remarks on policy outlook

In his prepared remarks before the Senate Banking Committee, Jerome Powell reiterated that ongoing increases in the policy rate would be appropriate

Global shares dip despite Wall Street rally; focus shifts to Fed's Powell

Global shares declined Wednesday as markets shrugged off a Wall Street rally and awaited congressional testimony by Federal Reserve Chair Jerome Powell. European benchmarks fell in early trading after shares in Asia finished lower, including in Japan, Australia, South Korea and China. US futures were also down. France's CAC 40 lost 1.9% in early trading to 5,853.92, while Germany's DAX dove 2.3% to 12,989.70. Britain's FTSE 100 fell 1.2% to 7,066.66. US shares were set to drift lower with Dow futures at 30,037.00, down 1.6%. S&P 500 futures fell 1.9% to 3,698.00. Japan's benchmark Nikkei 225 shed 0.4% to finish at 26,149.55. Australia's S&P/ASX 200 lost 0.2% to 6,508.50. South Korea's Kospi tumbled 2.7% to 2,342.81. Hong Kong's Hang Seng dropped 2.6% to 21,008.34, while the Shanghai Composite sank 1.2% to 3,267.20. Stocks have been mostly sliding in recent weeks as investors adjust to higher interest rates that the Federal Reserve and other central banks are increasingly ...

Wall St sinks as recession fears ripple through markets; Nasdaq down 3.85%

Growth stocks decline, banks also down; S&P 500 down 22.9% year-to-date

US Fed's biggest rate hike since 1994, Wall Street sounds a recession call

The Fed hiked its policy rate by 75 basis points Wednesday to a range of 1.5% to 1.75%, as officials intensified their battle against inflation that's remained stubbornly high

Growth stocks lift Wall Street ahead of Fed's rate decision; Nasdaq up 1.6%

Market heavyweights Apple Inc, Meta Platforms , Alphabet Inc, Microsoft Corp and Amazon.com Inc added between 1.3% and 2.5%

Wall St slips into bear market amid war, inflation: Here's what that means

Wall Street opened the week with heavy losses that put the benchmark S&P 500 at a level considered to be a so-called bear market. Rising interest rates, high inflation, the war in Ukraine and a slowdown in China's economy have led investors to reconsider what they're willing to pay for a wide range of stocks, from high-flying tech companies to traditional automakers. Big swings have become commonplace and Monday was no exception. The last bear market happened just two years ago, but this would still be a first for those investors that got their start trading on their phones during the pandemic. Thanks in large part to extraordinary actions by the Federal Reserve, stocks have for years seemed to go largely in only one direction: up. The buy the dip rallying cry after every market slide has grown fainter after stinging losses and severe plunges in risky assets like cryptocurrencies. Bitcoin fell below $23,000 on Monday. The price for Bitcoin neared $68,000 late last year. Here are ..

Asian stocks slide as recession fears send Wall St into bear market

Asian shares tumbled on Tuesday after Wall Street officially entered bear market territory and bond yields hit a two-decade high

US equities tumble, S&P 500 confirms bear market as recession worry grows

US equities tumbled on Monday, with the S&P 500 confirming it is in a bear market, as fears grow that the expected aggressive Fed rate hikes would push the economy into a recession

S&P 500 on pace to confirm bear mkt on inflation fears, recession worries

Banks forecast 75 bps Fed hike on June 15; Wall St 'fear gauge' surges to one-month high; S&P 500 hits lowest level since March 2021

Wall St poised to clinch bear market as S&P 500 tumbles over 20% in 2022

It would be the first time the S&P 500 has confirmed a bear market since the 2020 Wall Street plunge brought on by the Covid pandemic

Asian shares sink after US inflation-driven retreat on Wall Street

Shares sank in Asia on Monday after a report that US inflation worsened last month sent stocks reeling on Wall Street. Major regional markets dropped more than 2 per cent in early trading Monday, while US futures slipped more than 1 per cent. On Friday, the S&P 500 sank 2.9 per cent, locking in its ninth losing week in the last 10. Investors had hoped the highly anticipated consumer price report would show the worst inflation in generations had slowed a touch last month, passing its peak. Instead, the US government said inflation accelerated to 8.6 per cent in May from 8.3 per cent the month before. Investors took Friday's report to suggest the Federal Reserve will persist in raising interest rates and making other moves in order to slow the economy, to try to force down inflation. Tokyo's Nikkei 225 index lost 2.6 per cent to 27,018.01 and the Hang Seng in Hong Kong skidded 3 per cent to 21,145.27. In South Korea, the Kospi declined 3.18 per cent to 2,516.95 as a truckers strike .

Dashed peak inflation hopes spell more pain for US stocks and bonds

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

Wall Street ends down sharply as inflation data intensifies investor fears

The Dow Jones Industrial Average fell 882.47 points, or 2.73%, to 31,395.72

US inflation surges to 41-yr high of 8.6%; stocks fall sharply, crude dives

The faster-than-expected increase in inflation last month reported by the Labor Department on Friday also reflected a surge in rents, which increased by the most since 1990

Wall Street slips as growth stocks struggle amid rising bond yields

Tesla gains on surge in China sales, UBS upgrade; 10-year Treasury yield up at 3.04%; Brent above $123 a barrel

Wall Street falls as Amazon, chipmakers weigh; Dow falls over 200 pts

Chip stocks tumble after Citi sounds alarm on Intel; the energy sector was among the few gainers with a rise of 0.8%, thanks to a jump in Brent crude prices to above $123 a barrel