LONDON European stocks closed at a two-week low on Tuesday, reversing early-week gains as the threat of a new U.S.-China trade dispute and a profit warning from tyre maker Michelin rattled investor sentiment. The pan-European STOXX 600 index .STOXX ended the session down 0.4%, paring steeper losses from earlier in the day. Germany’s trade-sensitive DAX…
Category: Indices and commodities
Major World Indices’ Performance, Commodities Markets, International Major Currencies
U.S. stocks stage sharp reversal as strong earnings offset China jitters
U.S. stock indexes staged a dramatic intraday rebound on Tuesday, with the Dow Jones Industrial Average swinging more than 1,000 points from its low, as robust bank earnings provided a counterweight to escalating trade tensions with China. The blue-chip Dow, which had tumbled as much as 615 points during the session, closed up 424 points,…
Wall Street pulls back ahead of long weekend despite S&P 500 record
NEW YORK: U.S. stocks retreated Friday as investors locked in profits heading into a long weekend, following a record-setting week for the S&P 500 and strong earnings from Nvidia. The pullback came amid fresh inflation data that signaled persistent pricing pressures. The S&P 500 fell 0.7%, while the Nasdaq Composite dropped 1.2%. The Dow Jones…
S&P 500 hits record as Nvidia earnings fuel AI optimism
NEW YORK: The S&P 500 climbed to a fresh intraday record Thursday as investors digested Nvidia’s latest earnings report, which reinforced enthusiasm for artificial intelligence and lifted sentiment across the broader market. The benchmark index rose 0.2%, while the tech-heavy Nasdaq Composite gained 0.5%. The Dow Jones Industrial Average hovered near the flatline. Nvidia, which…
Wall Street surges as Powell signals potential rate cut
Dow Jones soars 918 points to record high as investors cheer Powell’s dovish pivot NEW YORK: The Dow Jones Industrial Average surged to a record high Friday after Federal Reserve Chair Jerome Powell hinted the central bank may begin easing monetary policy as early as next month. The Dow jumped 918 points, or 2%, to…
Stocks slide ahead of Powell speech; Dow Jones drops 225 points amid rate cut speculation
JACKSON HOLE: U.S. stocks fell broadly Thursday as investors braced for Federal Reserve Chair Jerome Powell’s pivotal speech at the central bank’s annual economic symposium. The S&P 500 declined for a fifth consecutive session, shedding 0.4%, while the Nasdaq Composite also lost 0.4%. The Dow Jones Industrial Average dropped 225 points, or 0.5%, weighed down…
Stocks fall as tech slide deepens, Fed minutes signal inflation concerns
Dow Jones edges lower as tech rout deepens, Fed minutes stir rate cut debate Wall Street closed lower on Wednesday as investors pulled back from high-flying technology stocks for a second consecutive session, while digesting mixed retail earnings and the Federal Reserve’s latest meeting minutes. The Nasdaq Composite fell 1%, weighed down by steep losses…
Wall Street slips as investors eye retail earnings, Fed symposium
Dow Jones slips from record highs as investors await retail earnings and Fed signals NEW YORK: U.S. stocks edged lower Monday as investors turned cautious ahead of key earnings reports from major retailers and the Federal Reserve’s annual symposium in Jackson Hole, Wyoming. The Dow Jones Industrial Average fell 47.13 points, or 0.11%, to 44,898.43….
S&P 500 retreats after record high, chip stocks drag
Dow Jones outperforms on UnitedHealth surge NEW YORK: The S&P 500 edged lower on Friday, taking a breather after scaling an all-time peak earlier in the session, as investors cashed in on gains following a robust week. The broad market index was last down about 0.2%. The Nasdaq Composite declined 0.4%. The Dow Jones Industrial…
U.S. stocks rebound despite inflation jitters; S&P 500 closes at record high
Dow Jones slips despite intraday rebound, weighed down by inflation concerns and rate cut uncertainty NEW YORK: U.S. stocks clawed back from early losses on Thursday, with investors once again buying the dip despite a hotter-than-expected wholesale inflation report that clouded hopes for a near-term Federal Reserve rate cut. The S&P 500 eked out a…
Stocks climb as Fed rate cut bets push indexes to record highs
Dow Jones jumps 409 points as rate cut bets fuel market surge NEW YORK: U.S. stocks rose Wednesday, extending their recent rally as growing expectations for a Federal Reserve rate cut in September propelled major indexes to fresh record highs. The Dow Jones Industrial Average jumped 409 points, or 0.9%, while the S&P 500 added…
Stocks rally as tame inflation data fuels rate cut bets
Dow Jones jumps 463 points as inflation data sparks rate cut optimism NEW YORK: U.S. stocks surged Tuesday after fresh inflation data came in slightly below expectations, bolstering hopes that the Federal Reserve may cut interest rates as soon as next month. The Dow Jones Industrial Average climbed 463 points, or 1.1%, to 44,428. The…