Page 3 - Wall Street

Wall Street slips ahead of Jackson Hole summit, US retailers' earnings

Investors will closely monitor reports from Walmart, Home Depot and Target, among others expected this week, to determine how trade uncertainty and inflation expectations have affected US consumers

US stocks fall after inflation update, Big Tech keeps Wall Street steady

Most stocks are falling on Wall Street Thursday after a disappointing report said inflation was worse last month at the US wholesale level than economists expected. But gains for Amazon and some other influential Big Tech companies are helping to mask the losses. Three out of every four stocks within the S&P 500 fell, though the index edged down by just 0.1 per cent after setting an all-time high the day before. The Dow Jones Industrial Average was down 141 points, or 0.3 per cent, as of 11:50 am Eastern time, while the Nasdaq composite was shaving 0.1 per cent off its record set the day before. The inflation report said that prices at the US wholesale level jumped 3.3 per cent last month from a year earlier. That was well above the 2.5 per cent rate that economists had forecast, and it could hint at higher inflation ahead for US shoppers as it makes its way through the system. The data forced traders to second guess their widespread consensus that the Federal Reserve will ...

Trump says June jobs data 'rigged', Wall Street and economists disagree

The monthly jobs report is already closely-watched on Wall Street and in Washington but has taken on a new importance after President Donald Trump on Friday fired the official who oversees it. Trump claimed that June's employment figures were "RIGGED" to make him and other Republicans "look bad". Yet he provided no evidence and even the official Trump had appointed in his first term to oversee the report, William Beach, condemned the firing of Erika McEntarfer, the director of the Bureau of Labour Statistics appointed by former President Joe Biden. The firing followed Friday's jobs report that showed hiring was weak in July and had come to nearly a standstill in May and June, right after Trump rolled out sweeping tariffs. Economists and Wall Street investors have long considered the job figures reliable, with share prices and bond yields often reacting sharply when they are released. Yet Friday's revisions were unusually large -- the largest, outside of a recession, in five decades.

Asia shares sideswiped by US economic jitters, retreat in oil prices

Some early resilience in US stock futures and a continued retreat in oil prices did help limit the losses, but the bleak message from the July payrolls report was hard to ignore

Asian shares track Wall Street higher, yen weak ahead of Japan vote

Overnight, the S&P 500 and the Nasdaq again closed at record highs as US data including retail sales and jobless claims beat forecasts, indicating a modest improvement in the economy

Asian shares mixed after Wall Street closes higher, nears fresh records

Asian shares were mixed in cautious trading Friday after Wall Street closed at an all-time high with Delta Air Lines kicking off earnings season with a solid outlook for the rest of 2025, spurring an airline stock rally. Chinese markets were sharply higher. The Hang Seng in Hong Kong added 1.6 per cent to 24,402.41, while the Shanghai Composite index climbed 1.1 per cent to 3,546.50. Tokyo's Nikkei 225 edged down 0.1 per cent to 39,662.19, while South Korea's Kospi was up 0.1 per cent to 3,185.15. Australia's S&P/ASX 200 slipped 0.1 per cent to 8,583.40. India's BSE Sensex was flat at 83,190.28. Just as the market was catching its breath at new highsdrunk on Nvidia fumes and blissfully ignoring the dollar's quiet groanPresident Trump tugged the rug again. A new act in the tariff opera: 35 per cent duties on Canadian imports, with a sweeping upgrade in blanket tariffs now floating between 15 per cent and 20 per cent," Stephen Innes of SPI Asset Management said in a ...

Wall Street falls as fears over Trump's new tariffs weigh on markets

Stocks fell on Wall Street as the Trump administration stepped up pressure on trading partners to make deals before punishing tariffs imposed by the US take effect. The S&P 500 lost 0.8 per cent Monday. The Dow Jones Industrial Average gave back 0.9 per cent, and the Nasdaq composite fell 0.9 per cent. Tesla tumbled as the feud between CEO Elon Musk and President Donald Trump reignited over the weekend. Musk, once a top donor and ally of Trump, said he would form a third political party in protest over the Republican spending bill that passed last week. US stocks are losing ground in afternoon trading Monday as the Trump administration steps up pressure on trading partners to make deals before punishing tariffs imposed by the US take effect. The S&P 500 was down 1.2 per cent in the first day of trading in the US after a holiday-shortened week. The benchmark index remains near its all-time high set last week. The Dow Jones Industrial Average was down 641 points, or 1.4 per ...

Tesla stock slides as Musk's 'America Party' heightens investor concerns

Musk unveiled the 'America Party' on Saturday after openly sparring with Donald Trump over the US president's tax-cut and spending bill

Trump's tariffs and tax policies test assumptions on US dollar, markets

As foreseen: swings in sovereign bond markets have been sharp, the Japanese yen rallied, and a comeback for emerging markets is finally materialising

Wall Street drifts higher as oil prices jump, US manufacturing slumps

US stock indexes drifted closer to their records on Monday, coming off their stellar May, which was Wall Street's best month since 2023. The S&P 500 rose 0.4% after erasing an early loss from the morning. The Dow Jones Industrial Average added 35 points, or 0.1%, and the Nasdaq composite climbed 0.7%. Indexes had been down close to 1% in the morning following some discouraging updates on US manufacturing. President Donald Trump has been warning that US businesses and households could feel some pain as he tries to use tariffs to bring more manufacturing jobs back to the country, and their on-and-off rollout has created lots of uncertainty. But stocks rallied back as the day progressed, and gains for a few influential stocks helped lift the S&P 500 even though more stocks within it fell than rose. Nvidia climbed 1.7%, and Meta Platforms rose 3.6%, for example. Some of Monday's strongest action was in the oil market, where the price of crude spurted more than 3%. The countries in

What is TACO trade and how 'Trump chickening out' helps investors profit

US President Donald Trump says what critics call 'chickening out' on tariffs is really strategic negotiation, but investors are profiting from the volatility

Wall Street rises, yields fall in choppy trade as Fed keeps rates unchanged

US central bank said the economy continued to expand at a solid pace, it noted that risks of higher inflation and unemployment had risen as it grapples with the impact of Trump's tariff policies

Wall Street opens lower after Trump's fresh tariffs; Fed meet on tap May 5

Focus remained on the Fed's monetary policy decision later this week

Amazon braces for tough quarter; warns on tariffs, consumer spending

When it reported results Thursday, the world's largest online retailer posted a decent first quarter but said operating profit in the current period would be weaker than Wall Street anticipated

Asian shares climb after Wall Street gains, strong corporate earnings

Shares were mixed Wednesday in Asia after US stocks rose again as companies reported stronger-than-expected profits. US futures fell and oil prices also edged lower. Uncertainty around President Donald Trump's trade war limited gains in US stocks. So did a drop in consumer confidence and a weak update on how many job openings US employers were advertising at the end of March. Tokyo's Nikkei 225 index edged 0.1 per cent higher to 35,871.74. Japanese automakers' shares fell even after Trump signed an order relaxing some US tariffs on imports of autos and auto parts. In Hong Kong, the Hang Seng lost 0.3 per cent to 21,941.40, while the Shanghai Composite index slipped 0.1 per cent to 3,283.51. South Korea's Kospi dropped 0.6 per cent to 2,548.88, while the S&P/ASX 200 in Australia picked up 0.2 per cent to 8,086.90. Taiwan's Taiex was up 0.4 per cent. On Tuesday, US stocks rose again. The S&P 500 climbed 0.6 per cent to 5,560.83 as its winning streak extended to a sixth day. The .

How a false Trump tariff pause headline moved $2.4 trillion on Wall Street

US media outlets mistakenly flashed a false news claiming the Trump administration was considering a 90-day pause on tariffs for all countries except China

Trump reciprocal tariff wipes $6.6 trillion from US markets in two days

Trade war escalates as China announces retaliatory measures against the US, while other economies seek dialogue with the White House

Trump tariff carnage drags Nasdaq near bear territory; Dow falls 4.4%

Second day of market chaos since Trump tariff announcement; Nasdaq drops 20% from all-time closing highs

Wall Street plunges as US tariffs trigger recession fears; Dow falls 3.3%

Apple leads declines among Big Tech; retail stocks slump on Asia tariff worries

Wall Street dives as fresh data ignites inflation concerns; Dow falls 1.19%

A Commerce Department report showed the Personal Consumption Expenditures Price index rose in line with expectations.