Page 27 - Wall Street

Wall Street shares mixed as traders position for rate hikes, oil jumps

European shares slumped to a three-week low during their biggest daily loss in nearly two months as a resurgence in COVID-19 cases raised fears of tighter restrictions.

Nasdaq, S&P 500 end down after hitting record highs; Microsoft falls 1%

The Dow Jones Industrial Average ended slightly higher

S&P, Nasdaq hit record highs after Powell nomination seen as safe bet

Financials rally on rate hike expectations; Nasdaq hits second consecutive record high

Nasdaq closes above 16,000 for the first time; Dow Jones down again

Travel stocks slump as European Covid cases rise; Stay-at-home stocks gain

Europe's Covid-19 lockdown rattles Wall Street, boosts safe-havens

Wall Street opened the day mixed, with the tech-heavy Nasdaq posting a record open but the blue-chip Dow dipping on fears the economic recovery could stall.

Asian shares soar after Wall Street hits record, Japan inflation eases

Asian stock markets were mostly higher Friday after Wall Street hit a record and Japanese inflation eased. Market benchmarks in Shanghai, Tokyo and Sydney advanced. Hong Kong declined. Wall Street's benchmark S&P 500 index advanced 0.3%, putting it on track for a weekly gain. Investors are shifting focus from corporate earnings to the longer-term outlook for global economies and whether central banks might feel pressure to cool rising prices by rolling back stimulus faster than planned. Inflation is currently the main focal area for the markets, Fawad Razaqzada of ThinkMarkets said in a report. On Friday, Japan's government reported October consumer inflation eased to 0.1% over a year earlier from the previous month's 0.2%. The Shanghai Composite Index rose 0.3% to 3,531.26 and the Nikkei 225 in Tokyo gained 0.4% to 29,718.62. The Hang Seng in Hong Kong sank 1.7% to 24,878.87. The Kospi in Seoul advanced 0.4% to 2,958.64 and Sydney's S&P-ASX 200 added 0.2% to 7,391.60. New ...

Asian shares decline after stock indexes shuffle lower on Wall Street

Asian shares mostly declined Thursday after stock indexes shuffled lower on Wall Street. Japan's benchmark Nikkei 225 dipped 0.7% to 29,490.53 in early trading. Australia's S&P/ASX 200 edged up 0.2% to 7,381.40, while South Korea's Kospi slipped 0.6% to 2,944.52. Hong Kong's Hang Seng dropped 1.7% to 25,227.83. The Shanghai Composite shed 0.5% to 3,520.77. Recent government data have shown the coronavirus pandemic continues to hurt the Japanese economy. A supply crunch in chips and other parts needed to produce autos, a mainstay of the world's third-largest economy, is one reason. The damage to consumer spending brought on by recent government measures to close restaurants early and open theaters to limited crowds is another factor. Japan has never had a lockdown but has called periodically for a state of emergency to curb the spread of infections. Junichi Makino, chief economist for SMBC Nikko Securities, said the Japanese recovery that many initially expected to get started this

Stocks dip amid inflation woes, oil drops on concerns of oversupply, demand

The prospects of speedier interest rate hikes from the Federal Reserve and ongoing supply chain disruptions weighed on Wall Street, while oil dropped on concerns of oversupply and dwindling

Wall Street opens down, dollar up as investors mull U.S. rate hikes

All three major US stock indices opened the trading day lower

Wall Street opening slightly higher; Hardware chain Home Depot up 4%

Stocks are opening slightly higher on Wall Street Tuesday led by gains in the consumer discretionary sector. Home Depot is leading the S&P 500 gainers after the hardware chain's sales continued to surge last quarter in a hot housing market. New data also showed Americans sharply boosted their spending last month, pushing up retail sales and giving the economy a lift. The S&P 500 and the Dow Jones Industrial Average are up 0.3% in early trading, and the Nasdaq composite rose 0.2%. Global stock markets are mixed after President Joe Biden and China's Xi Jinping held a summit meeting by video link. Tokyo, Hong Kong and Frankfurt advanced, while Shanghai declined. London and Wall Street futures were little-changed. Biden and Xi announced no agreements after their meeting but said their governments need to tread carefully amid tension over trade, Taiwan and other irritants. Biden told Xi their goal should be to ensure competition does not veer into conflict. Xi said he was ready to .

Financials, Reliance drag Sensex down 396 pts; Maruti zooms 7%, M&M 3%

Stock market LIVE: The NSE Nifty swung in a range of 174 points, and finally settled at 17,999, down 110 points

Asian stocks rise after Joe Biden, Xi Jinping hold first summit virtually

Asian stock markets rose Tuesday after President Joe Biden and China's Xi Jinping held a summit meeting by video link. Shanghai, Tokyo and Hong Kong, which make up the bulk of the region's market value, advanced. Seoul and Sydney declined. Wall Street's benchmark S&P 500 index lost less than 0.1% as makers of household goods rose and health care stocks fell. Biden told Xi their goal should be to ensure competition does not veer into conflict. The two leaders met amid tension over trade, technology, human rights, Hong Kong and Taiwan. Xi said he was ready to build consensus" and said the two sides need to improve communication. The meeting will dominate the session ahead, though White House officials have tempered expectations for any meaningful progress, said Anderson Alves of ActivTrades in a report. The Shanghai Composite Index rose 0.3% to 3,543.46 and Tokyo's Nikkei 225 added less than 0.1% to 29,783.18. The Hang Seng in Hong Kong was 1% higher at 25,658.04. The Kospi in Seou

Dollar climbs 16-month high, US stocks slip amid inflation worries

The US dollar climbed to a 16-month high Monday while US stocks slipped in midday trading after a strong opening

Wall Street opens higher on tech strength; Tesla extends losses

The Dow Jones Industrial Average rose 28.52 points, or 0.08%, at the open to 36,128.83

Wall Street slides as hot consumer prices data fans inflation fears

US consumer prices post largest year on year rise since 1990; technology, energy sectors lead early declines

Sensex, Nifty end with marginal losses; M&M rallies 5% post Q2 results

Among sectors, the BSE Auto index jumped 1.3 per cent. The Capital Goods, Energy and Oil & Gas indices were also up around a per cent each. The Metal index, however, was down 0.8 per cent

World stock markets lower after Wall Street hits record again

Global stock markets were mixed Tuesday after Wall Street hit a record for an eighth day. London opened little-changed while Frankfurt, Shanghai and Hong Kong advanced. Tokyo and Sydney declined. On Wall Street, the future for the benchmark S&P 500 index was up less than 0.1%. US stocks were boosted Monday by gains for construction-related stocks after Congress last week approved a $1 trillion infrastructure bill. Meanwhile, the deputy chairman of the Federal Reserve, Richard Clarida, said conditions to raise interest rates might not be met until late next year. Traders worry a spike in inflation might prompt central banks to withdraw stimulus that helped to boost stock prices. Investors will be on the lookout for any clues that signal an adjustment to central banks' taper process and rate hikes expectations, Anderson Alves of ActivTrades said in a report. In early trading, the FTSE 100 in London lost less than 0.1% to 7,298.82 and the DAX in Frankfurt advanced 0.1% to 16,070.01.

Vedanta ADRs to delist from NYSE on thin trading volumes

Vedanta had earlier said the decision to delist American depositary shares from the New York Stock Exchange (NYSE) is aimed at simplification and triggered by the low trading volumes in the security

S&P 500 hits record on strong jobs report, Pfizer Covid-19 pill cheer

US job growth regains momentum Pfizer jumps after positive Covid-19 antiviral pill data

Wall St extends record rally on strong jobs report, Pfizer Covid pill cheer

October payrolls surge back as virus impact fades; travel stocks lead broader market gains