An Indian wedding baraat with 400 guests took over Wall Street in NYC, turning the iconic financial district into a desi dance floor - videos of the celebration have now gone viral
Data from earlier in the week showed US retail sales growth losing steam in April, while consumer prices staged a moderate rebound
Asian shares and US futures slipped Thursday after US stocks drifted to a mixed close on Wall Street. Oil prices fell more than USD 1 a barrel. China moved to reverse some of its non-tariff measures against the US as agreed with Washington in their temporary trade war cease-fire and most markets traded in a narrow range. Japan's Nikkei 225 index dropped 1.1 per cent, however, to 37,705.74. Computer chip-related stocks were among the biggest decliners, with Disco Corp. falling 2.6 per cent and Advantest down 1.8 per cent. Hong Kong's Hang Seng was the outlier, picking up 0.2 per cent to 23,691.67. The Shanghai Composite index lost 0.3 per cent to 3,393.29, while Taiwan's Taiex fell 0.2 per cent. In Australia, the S&P/ASX 200 was nearly unchanged at 8,278.30. South Korea's Kospi edged 0.1 per cent lower. On Wednesday, a choppy day of trading on Wall Street ended with a mixed finish as gains by several big technology stocks helped temper losses. The S&P 500 edged up 0.1 per cent .
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
At 09:30 a.m. ET, the Dow Jones Industrial Average rose 414.53 points, or 1.02 per cent, to 41,167.49, the S&P 500 gained 54.59 points, or 0.97 per cent
A discouraging report suggesting the US economy may have shrunk at the start of the year, before most of President Donald Trump's announced tariffs could take effect, is knocking US stocks lower on Wednesday. The S&P 500 was down 2% in morning trading and on track to break a six-day winning streak. The Dow Jones Industrial Average was down 702 points, or 1.7%, as of 9:55 am Eastern time, and sharp drops for such AI superstars as Super Micro Computer had the Nasdaq composite falling a market-leading 2.5%. The weaker-than-expected report on the US economy surprised financial markets because economists were expecting to see modest growth, particularly after the economy closed last year running at a solid pace. But importers rushed to bring products into the country before tariffs could raise their prices, which helped drag on the country's overall gross domestic product. Such data raises the threat of a worst-case scenario called stagflation, one where the economy's growth stagnates .
The world's two largest economies have slapped tit-for-tat import tariffs on each other and uncertainty around the state of negotiations between the two has kept markets on edge
The export controls are the newest attempt from the Trump administration to keep advanced semiconductors from being sold to China
The latest warnings add to a chorus of Wall Street executives ringing alarm bells about the potential economic damage from the tariffs, including Dimon, BlackRock CEO Larry Fink
US consumer sentiment also deteriorated sharply in April and 12-month inflation expectations surged to the highest level since 1981 amid unease over escalating trade tensions
Investors are breathing a sigh of relief, Varadhan replied, according to a person briefed on the discussion. Goldman had just predicted a US recession
The Dow Jones Industrial Average fell 611.5 points, or 1.51 per cent, at the open to 39,996.93
The Dow Jones Industrial Average fell 257.7 points, or 0.68 per cent, at the open to 37,387.91. The S&P 500 fell 17.5 points, or 0.35 per cent, at the open to 4,965.28
Apple leads declines among Big Tech; retail stocks slump on Asia tariff worries
Details of Trump's "Liberation Day" tariff plans were still being formulated and closely held ahead of a White House Rose Garden announcement ceremony scheduled for 4 pm ET (2000 GMT)
President Donald Trump's fast-approaching Liberation Day sent stock markets swinging sharply worldwide on Monday. On Wall Street, the S&P 500 rose 0.6% in another roller-coaster day, after being down as much as 1.7% during the morning. The reversal helped the index shave its loss for the first three months of the year to 4.6%, making it the worst quarter in two-and-a-half years. The Dow Jones Industrial Average also swerved higher after erasing an initial loss, and it climbed 417 points, or 1%. Slides for Tesla, Nvidia and other influential Big Tech stocks, though, sent the Nasdaq composite down 0.1%. Such neck-twisting turns have become routine for the US stock market recently because of uncertainty about what Trump will do with tariffs and by how much they will worsen inflation and grind down growth for economies. Wall Street's swings followed a sell-off that spanned the world earlier Monday as worries built about the effects of the tariffs that Trump says will bring ...
The Fed's two-day rate-setting meeting kicks off on Tuesday, and expectations are that the central bank will keep interest rates steady
Created within the dark pools themselves, the rooms are independent from one another and each is invisible to anyone not invited
Asian shares were mostly lower on Thursday despite a rebound on Wall Street fuelled by an encouraging update on US consumer prices. US futures fell and oil prices were little changed. Chinese markets slipped as investors watched for the next steps in President Donald Trump's trade war. Hong Kong's Hang Seng index shed 0.7% to 23,426.80, while the Shanghai Composite index lost 0.4% to 3,357.02. Tokyo's Nikkei 225 gained 0.5% to 37,014.82. South Korea's Kospi edged 0.1% lower, to 2,573.05. In Australia, the S&P/ASX 200 lost 0.4% to 7,756.10. Taiwan's Taiex shed 0.4% and the Sensex in India edged 0.1% higher. Bangkok's SET slipped 0.1%. On Wednesday, the S&P 500 gained 0.5% to 5,599.30 after skidding between an early gain of 1.3% and a later loss. The unsettled trading came a day after the index briefly fell more than 10% below its all-time high set last month. The Dow Jones Industrial Average also pinballed sharply before ending with a loss of 0.2% at 41,350.93. The Nasdaq ...
Wall Street's sell-off is spiralling Tuesday following President Donald Trump's latest escalation in his trade war, briefly pulling the US stock market 10% below its record set just a few weeks ago. The S&P 500 was down 1.4% in afternoon trading after Trump said he would raise tariffs on steel and aluminum coming from Canada, doubling their planned increase to 50%. The president said it was a response to moves a Canadian province made after Trump began threatening tariffs on one of the United States' most important trading partners. The Dow Jones Industrial Average was down 678 points, or 1.6%, as of 1:40 pm Eastern time, and the Nasdaq composite was 1% lower. The S&P 500 was sitting at the edge of what Wall Street calls a correction," where it falls 10%, and was sitting within 0.1 percentage points of the mark. Such head-spinning moves are becoming routine following a scary ride for investors where the S&P 500 has swung by at least 1%, up or down, seven times in the last .