The materials index, which includes miners and chemical companies, dipped 0.4%; the spread between US 2-year and 10-year Treasury yields moved another step closer to inversion
Stocks turned lower in afternoon trading on Wall Street Monday as crude oil prices slumped and bond yields eased lower. The S&P 500 fell 0.4% as of 12:27 pm Eastern. The Dow Jones Industrial Average fell 271 points, or 0.8%, to 34,591 and the Nasdaq fell 0.3%. Technology stocks were among the biggest weights on the market. Companies in the sector tend to push and pull the broader market more forcefully because of their pricey valuations. Chipmaker Intel fell 2.2%. Energy companies had some of the biggest losses as crude oil prices fell sharply. Exxon Mobil fell 2.6%. US crude oil slumped 5.2% and Brent crude, the international standard, fell 5%. The drop follows news that China began its most extensive coronavirus lockdown in two years to conduct mass testing and control a growing outbreak in Shanghai. That could put a dent in global demand for energy. Oil prices remain volatile amid the backdrop of Russia's invasion of Ukraine. The United Arab Emirates' energy minister doubl
Oil prices tumble on concerns of weaker Chinese demand
The Nasdaq fell about 0.16% as technology and healthcare stocks pulled back, while the Dow Jones Industrial Average and S&P 500 edged up about 0.5%
S&P 500, Nasdaq eye second straight weekly gain; financial, energy among top S&P 500 weekly sectoral gainers
Treasury yields rose as markets evaluated the possibility of bigger U.S. interest rates in store and the impact of Russia's war in Ukraine
US business activity rises to eight-month high in March; Uber surges on deal to list all NYC taxis on its app
Wall Street pushed stocks and Treasury yields down after both had powered higher earlier in the week as investors took in the strength of the economy and hawkish comments from US policymakers
GameStop jumps after chairman picks up more shares; Adobe falls on lackluster current-quarter forecast
Nine of the 11 major S&P sectors were up in early trading with financials and consumer discretionary rising the most.
Energy stocks rise as EU mulls Russian oil embargo; Alleghany stock rises on Berkshire's $11.60-bn takeover deal
The Dow Jones Industrial Average fell 197.09 points, or 0.57%, to 34,557.84, the S&P 500 lost 17.31 points, or 0.39%, to 4,445.81 and the Nasdaq Composite dropped 160.70 points, or 1.16%, to 13,733.14
Wall Street stocks rebounded from early session losses on Thursday as investors weighed economic implications of the Federal Reserve's surprisingly aggressive interest rate stance
Big banks mixed after rallying sharply; Ralph Lauren gains on JPMorgan upgrade to 'overweight'
Accenture forecast third-quarter revenue above Wall Street estimates, but it excluded the impact of the war
Main Wall Street stock indexes and Treasury yields rose after the US Federal Reserve hiked interest rates and laid out an aggressive plan for further increases to combat inflation
Big banks rise in anticipation of interest rate hike; China ADRs surge on Beijing's move to support markets
The S&P 500 was up 39.26 points, or 0.94%, at 4,212.37, and the Nasdaq Composite was up 148.51 points, or 1.18%, at 12,729.73
Wall Street heads for gains after world shares sink Wall Street pointed toward gains in premarket trading Tuesday after world share prices sunk lower, with Hong Kong down almost 6% and Shanghai losing 5%. Oil prices slid about 8% as virus lockdowns and rising numbers of COVID cases in China threaten to disrupt manufacturing and trade. The sell-off gathered pace late in the session despite the release of data showing strong increases in Chinese retail sales, industrial production and investment in January-February. It followed a decision by China's central bank not to ease interest rates to spur economic growth. Futures for the Dow industrials gained 0.3% while futures for the S&P 500 rose 0.4%. Prices of oil and other commodities slid as Russian forces pounded the Ukraine capital ahead of another round of talks between the two sides. Germany's DAX and the CAC 40 in Paris both fell 1.2%, while Britain's FTSE 100 declined 0.8%. Anxiety over the war in Ukraine and an upcoming ...
Stocks are swaying on Wall Street as waves of market-moving forces crash into each other and keep trading jumbled, from war in Ukraine to an upcoming Federal Reserve meeting on interest rates. The S&P 500 was down 0.2% in afternoon trading after the yield on the 10-year Treasury touched its highest level since the summer of 2019. The Dow Jones Industrial Average was up 171 points, or 0.5%, at 33,115, as of 12:18 p.m. Eastern time, and the Nasdaq composite fell 1.2%. Elsewhere around the world, markets pulled in opposing directions. European markets climbed, while stocks fell sharply in Hong Kong after the neighboring city of Shenzhen was ordered into a shutdown to combat China's worst COVID-19 outbreak in two years. Oil prices tumbled to take some pressure off the high inflation sweeping the world, with a barrel of U.S. crude falling toward $100 after touching $130 last week. Markets have careened in recent weeks amid uncertainty about whether the economy may be heading for a ...