Page 18 - Wall Street
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 .
 "Wall Street opens modestly lower, continuing a losing streak; S&P down 0.6%")
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
 "ARK's Cathie Wood just keeps buying Coinbase and getting more inflows")
Growth stocks drag Wall St lower on rate hike worries; Dow slips 295 pts
Megacap stocks Meta Platforms, Microsoft Corp , Google-owner Alphabet Inc, Apple Inc , Amazon.com and Tesla Inc slipped between 2% and 5.9%; Beyond Meat down in volatile trading
 "Growth stocks drag Wall St lower on rate hike worries; Dow slips 295 pts")
US shares drop, dollar remains firm as inflation stokes worries on economy
Apple shares fell 5% overnight, dragging the S&P 500 down 1.65% and the Nasdaq down 3.2%
Wall St slips in choppy trading ahead of inflation data; Dow slips 179 pts
All eyes on US CPI data on Wednesday; Peloton slumps as CEO says business 'thinly capitalized'
 "Wall St slips in choppy trading ahead of inflation data; Dow slips 179 pts")
S&P 500 hits one-year low as higher bond yields pressure growth stocks
Dow Jones Industrial Average was down 486.39 points, or 1.48%, at 32,412.98 and the Nasdaq Composite was down 373.29 points, or 3.07%, at 11,771.38
Sensex, Nifty plunge 1.6% after US indices see worst drop in 2 years
On Wednesday, the US Federal Reserve announced a 50 basis points rate hike, the highest in 22 years, but ruled out a 75-bps hike in the future
 "Sensex, Nifty plunge 1.6% after US indices see worst drop in 2 years")
Oil steadies near $110/bbl; strong US dollar offsets supply worry
Wall Street stocks tumbled as investors shed risky investments, worried the Fed might hike rates more this year to tame inflation
 "Oil steadies near $110/bbl; strong US dollar offsets supply worry")
Wall Street slides, 10-year Treasury yields cross 3% as Fed rate hike looms
All three major U.S. stock indexes reversed earlier gains as 10-year Treasury yield reached the 3% mark for the first time in more than three years.
Wall Street falls as focus turns to Fed meet; Dow Jones down 140 points
Amazon.com slid 3.2%, adding to a 14% drop on Friday after a gloomy quarterly report
 "Wall Street falls as focus turns to Fed meet; Dow Jones down 140 points")
Berkshire meeting: Buffett defends investments and slams Wall Street
Buffett, 91, who is Berkshire's chairman and chief executive, and Vice Chairman Charlie Munger, 98, fielded questions in a downtown arena in Omaha, Nebraska
 "Berkshire meeting: Buffett defends investments and slams Wall Street")
Wall Street inches higher as Meta earnings offset GDP gloom; Dow up 90 pts
The slump in output reflected a wider trade deficit and moderate pace of inventory accumulation
Asian shares logged moderate gains after wobbly day on Wall Street
The US Federal Reserve has begun raising interest rates to counter surging inflation and investors have been selling yen to seek higher returns in dollar-denominated assets
 "Asian shares logged moderate gains after wobbly day on Wall Street")
US, European shares advance as euro dives to lowest since 2017
The euro dropped to its weakest since 2017 after Russia halted gas supplies to Bulgaria and Poland, and investors fretted more about the region's economy
Chipotle sees quarterly sales above Wall Street view amid strong demand
The burrito chain forecast comparable restaurant sales growth of 10% to 12% for the current quarter, compared with estimates of an 8.8% growth, according to IBES data from Refinitiv
 "Chipotle sees quarterly sales above Wall Street view amid strong demand")
Fears of global slowdown hit global equities, EU stocks, commodity prices
Asian markets had suffered their worst day in over a month overnight on fears that Beijing was about to go back into a Covid-19 lockdown
Wall Street rises on strong earnings from Tesla, airlines; Dow up 250 pts
The world's most valuable automaker jumped 9% after its results beat Wall Street expectations as higher prices helped it overcome supply-chain chaos and rising costs
Wall Street mixed as Nasdaq drags, bond yields dip after recent surge
US Treasury yields dipped after hitting three-year highs on Wednesday as buyers emerged. Benchmark 10-year yields were last at 2.8455%, after reaching 2.981% overnight, the highest since Dec. 2018
Earnings boost Wall Street while economic growth fears sink oil prices
Of the 49 companies in the S&P 500 that have reported quarterly earnings as of Tuesday, nearly 80% have topped profit estimates, per Refinitiv data
 "Earnings boost Wall Street while economic growth fears sink oil prices")
Wall Street higher on earnings hopes, oil prices drop on growth fears
Brent crude was last down 4.87% at $107.65 a barrel, while U.S. crude was last down 4.91% at $102.9 per barrel