Page 16 - Wall Street

US SEC chief Gensler unveils plan to overhaul Wall Street stock trading

The plan, unveiled by US Securities and Exchange Commission chair Gary Gensler, would require trading firms to directly compete to execute trades from retail investors to boost competition

Global stock markets mixed as Wall Street bond sell-off; yen at 2-yr low

Global stock markets were mixed Tuesday after a bond sell-off on Wall Street fuelled anxiety about a possible U.S. economic slowdown and Australia raised interest rates. London, Shanghai and Hong Kong declined. Frankfurt opened higher and Tokyo gained. The yen, trading at two-decade lows, fell further to almost 133 to the dollar. Wall Street futures were lower after the benchmark S&P 500 index rose 0.3% on Monday and the market price of a 10-year Treasury bond fell. That increased its yield, or the difference between the day's price and the payout at maturity. The difference between short- and long-term Treasury yields is narrowing, which is making me a little nervous, because it suggests investors think a U.S. recession is more likely, said Jeffrey Halley of Oanda in a report. I don't think the U.S. is at stagflation yet, or a period with high inflation and low growth, but if oil stays above $120.00 a barrel, it might soon be, Halley said. In early trading, the FTSE 100 in Londo

S&P 500, Nasdaq edge higher in choppy trade as growth stocks rise

Stocks rose broadly in morning trading on Wall Street Monday, led by more gains in big tech companies. The S&P 500 rose 1.4% as of 10:10 a.m. Eastern. The Dow Jones Industrial Average rose 325 points, or 1%, to 33,231 and the Nasdaq rose 1.8%. Technology stocks were doing much of the heavy lifting for the market. Companies in the sector, with their lofty stock values, tend to give the market a harder push higher or lower. Apple rose 1.9%. Banks gained ground along with rising bond yields, which allow them to charge more lucrative interest rates on mortgages and other loans. The yield on the 10-year Treasury rose to 2.99% from 2.95% late Friday. Bank of America rose 1.9%. Several big companies were moving on a mix of deal and other news. Twitter fell 4.2% after Tesla CEO Elon Musk threatened to call of his deal to buy the company, saying Twitter was refusing to hand over data. Spirit Airlines rose 4.3% after JetBlue raised its offer to buy the rival carrier, and Amazon rose 4.7% .

Wall Street slides after strong jobs data; Dow Jones down 160 points

The Nasdaq Composite was down 207.54 points, or 1.68%, at 12,109.36

Dollar wobbles as traders await update on US jobs data, cues on Fed hike

Markets have locked in consecutive 50-basis-point Fed hikes in June and July but the dollar has been pushed around this week by uncertainty about what happens after that

Wall Street analysts think any stock market rally will be short-lived

An analyst thinks earnings estimates remain too high and sees the S&P 500 trading close to 3,400 by the end of the second-quarter earnings season in mid-August

Wall Street mixed amid inflation fears; Powell-Biden talks in focus

Energy outperformed with a 1.1% gain as Brent crude climbed above $120 a barrel

RIL, IT stocks propel Sensex 1,041 pts up; Nifty tops 16,650; Ethos dips 9%

CLOSING BELL: Among individual stocks, Titan, Infosys, M&M, L&T, Reliance Industries, HCL Tech, TCS, and Tech M were the lead gainers

Wall Street surges over 1.5% on upbeat forecasts from retailers, Fed relief

Macy's, Dollar General climb after forecast raise; weekly jobless claims fall, Q1 economic contraction confirmed

Wall Street rises on growth stocks ahead of Fed minutes; Nasdaq up 0.8%

Nordstrom climbs after raising profit outlook; Amazon.com and Tesla Inc underpinned the gains on the Nasdaq with advances of 1% and 2.1%, respectively

Wall Street drops as economic data, weak forecasts re-ignite slowdown fears

Snap set for worst day on record after profit warning; Abercrombie & Fitch slumps after lowering revenue outlook

S&P 500 falls 20% from record close, on pace to confirm bear market

The S&P 500 is headed for its seventh weekly decline that would make the longest losing streak since the dotcom bubble burst more than two decades ago.

Wall Street rises as growth stocks gain after two days of selloff

Energy was the top performer, up 2.2%, followed by healthcare and technology sectors

Wall St: S&P 500, Dow slip as Cisco drags, Nasdaq steady after selloff

Cisco Systems Inc. slid more than 10% after warning that Chinese lockdowns and other supply disruptions would wipe out sales growth in the current quarter

Nasdaq, S&P 500 drop 3% as growth stocks' rally wanes; Target slumps

The Nasdaq 100 fell the most among major benchmarks as growth-related tech stocks sank. Megacaps Apple Inc., Microsoft Corp. and Amazon.com Inc. fell more than 3%

Dow Jones rises nearly 300 pts on gains in banks, strong retail sales data

Walmart slides after cutting earnings forecast; April retail sales rise in-line with estimates

Wall St falls as growth stocks, glum China data weigh; Nasdaq slips 0.8%

Apple, Tesla biggest drag on S&P 500 and Nasdaq; Spirit Airlines surges after JetBlue launches hostile takeover

Goldman Sachs allows workaholic senior staff to take unlimited vacation

Junior employees will be given at least two extra days off each year under the new policy introduced at the start of the month.

Wall Street opens modestly lower, continuing a losing streak; S&P down 0.6%

Stocks are opening modestly lower on Wall Street Monday, continuing a losing streak that has brought the market down for six weeks in a row. The S&P 500 was down 0.6 per cent in the early going, while more declines in technology companies pulled the Nasdaq down 1.1 per cent. The Dow Jones Industrial Average fell less, 0.3 per cent. Spirit Airlines rose 7 per cent after JetBlue would make a hostile offer for the budget carrier after Spirit rebuffed its earlier bids. Overseas markets were mixed, as were crude oil prices. The yield on the 10-year Treasury note, which helps set mortgage rates, fell to 2.90 per cent. Wall Street pointed toward modest declines when markets open Monday as investors continue to weigh surging energy costs and prospects for interest rate hikes in the US. Dow futures fell 0.1 per cent and the same for the S&P 500 lost 0.3 per cent. Global shares were mixed and oil prices fell. Last week, US benchmarks logged their sixth straight weekly drop, the longest .

ARK's Cathie Wood just keeps buying Coinbase and getting more inflows

While the rest of Wall Street was ditching Coinbase stock, Wood and her team stuck to their playbook and used the drop to increase holdings, adding about 860,000 shares in the week through Thursday