Page 16 - Wall Street

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

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.