Brent crude falls 3.5% to $110.69 per barrel, while West Texas Intermediate drops 3.7%. Asia-Pacific equities decline as Wall Street plays catch-up after Juneteenth holiday. Japan’s Nikkei falls 0.8%, South Korea’s Kospi falls 2.1%, China’s CSI 300 slides 0.7%, Hong Kong’s Hang Seng falls 1.3%. On Wednesday, oil prices declined in response to reports that … Read more
Dow Jones Industrial Average is up 1.7% after 30 minutes of the holiday-shortened week. &P 500, which entered a bear market earlier last week, jumped 2.4 percent to 3,762.17. Nasdaq Composite Index gained 2.9 percent to 11,108.56. Wall Street stocks began positive, as investors shrugged off recession and pandemic fears in order to benefit from … Read more
Wall Street ended its most painful week since the 2020 coronavirus crash Global markets have been trembling as investors acclimatize to the unpleasant medicine of higher interest rates. Higher interest rates can reduce inflation, but they also increase the chance of a recession Wall Street ended its most painful week since the 2020 coronavirus crash … Read more
US retail sales fell 0.3 percent in May to $672.9 billion, as rising fuel prices and other factors. Report comes ahead of the US central bank’s policy announcement later Wednesday. Many think a rate hike will result in a 75-basis-point increase after weeks of a smaller increase. Wall Street stocks opened higher on Wednesday, despite … Read more
Cryptocurrencies prices have dropped sharply in recent weeks, with bitcoin hitting an 18-month low on Tuesday. FINRA has several dozen members that have been approved to trade digital asset securities. The regulator is also looking at whether it can do cross-market surveillance on various blockchains. The Financial Industry Regulatory Authority intends to expand its assets … Read more
Cloud and enterprise software firm Oracle Corp (ORCL.N) topped Wall Street estimates for quarterly profit and revenue. More businesses are spending on cloud services while transitioning to a hybrid work environment. Shares in the Austin, Texas-based company have declined about 27% so far this year. Cloud and undertaking programming firm Oracle Corp (ORCL.N) bested Wall … Read more
Stocks on Wall Street fell early Monday, plunging into a “bear market” in anticipation. The market’s current losses, follow three straight-down sessions. About 35 minutes into trading, the broad-based S&P 500 was at 3,796.66, down 2.7. Stocks on Wall Street fell early Monday, plunging into a “bear market” in anticipation of additional Federal Reserve monetary … Read more
US stocks posted their biggest weekly percentage declines since January. Tech and growth stocks, whose valuations rely more heavily on future cash flows, led the decline. The steeper-than-expected rise in U.S. consumer prices fueled fears of more aggressive interest rate hikes. U.S. stocks posted their greatest week-after-week rate declines since January and finished forcefully lower … Read more
Hong Kong rose strongly as Chinese technology shares advanced. Tokyo, Seoul, and Sydney all saw increases in benchmarks. The Japanese economy shrank by 0.5 percent year on year in the first quarter due to a coronavirus outbreak, according to the Cabinet Office. Stocks in the United States rose on Tuesday as Treasury yields fell. BANGKOK: On … Read more
The losses come after a string of rocky days for markets, with key indexes frequently lurching between gains and losses by the hour. Investors are still trying to figure out how rising interest rates and inflation will affect the economy. The S&P 500 index fell 44.91 points, or 1.1%, to 4,115.77. It has notched losses … Read more
Spotify says it expects to reach $100 billion revenue annually in the next 10 years. The audio streaming company hosted its first investor day since going public in 2018. Spotify would need to make its revenue grow nearly 10-fold from 2021 revenue of $11.4 billion. Spotify Technology SA (SPOT.N) on Wednesday said it hopes to … Read more
Wall Street guard dog intends to examine development as of late of the installment for request stream (PFOF) practice. PFOF practice is restricted in Canada, the UK and Australia. It aims to ensure mother and-pop financial backers get the best cost for exchanges. SEC chief Protections and Exchange Commission seat Gary Gensler told an industry … Read more
Nikkei closes above the 28,000 mark for the first time since March. The dollar fetched 133.03 yen in Asian trade. Global markets also hailed China’s recent moves including the gradual easing. Tokyo stocks rose on Wednesday, matching gains on Wall Street, as a weaker yen boosted exporters. The Nikkei 225 index gained 1.04 percent, or … Read more
The Dow Jones Industrial Average was down 0.4 percent at 33,040.72. The S&P 500 fell 0.3 percent to 4,147.55. The tech-heavy Nasdaq Composite Index remained unchanged at 12,175.40. Early Wednesday, Wall Street equities mainly declined, continuing the week’s bumpy pattern as markets assess a weaker global growth picture due to inflation fears. As a result … Read more
The S&P 500 rose 39.25 points, or 1%, to 4,160.68, reversing a 1% drop in the morning. Stocks initially dipped on Wall Street as Target warned of reduced profit margins as it reduces prices to clear out inventory. The fragility of the economy has been on Wall Street’s mind this year, amid concerns about interest-rate … Read more
US stocks rallied late on Tuesday to close higher for a second straight day. Target Corp’s warning about excess inventory weighed on retail stocks for much of the session. Apple shares climbed despite news that the company must change the connector on iPhones sold in Europe by 2024. U.S. stocks mobilized late on Tuesday to … Read more
Global stock markets and oil prices rose on Monday. Saudi Arabia has raised the price of the oil it sells to Asia. UK pound was higher heading into the confidence vote on Johnson’s leadership. Global stock markets and oil prices rose on Monday, aided by a reduction in Covid lockdowns in China, the world’s second-largest … Read more
S&P 500 futures and Nasdaq 100 futures were both flat. The Dow down 0.9 percent for the ninth time in ten weeks, while the S&P 500 Nasdaq Composite slid 1.2 percent and 1 percent, respectively, for their eighth losing week in nine. After a bad week, stock futures were little changed in overnight trading Sunday … Read more
Inflation has taken a toll on many sectors in different ways. Five stocks were recently recommended by TipRanks’ top-performing analysts. During the first half of 2014, Workday’s stock lost nearly 41% of its value. A relief rally in the latter week of May put our worries at ease (or rather, a bear market rally). Nonetheless, … Read more
The Dow Jones Industrial Average fell one percent to 32,898.91. Dow and S&P 500 were both down roughly 1% this week. Nasdaq was down 1.25 percent. US shares dropped again Friday, ending another week in the red following a small positive respite last week, Despite the ever-present fears about inflation and a future recession. “We … Read more
The Nikkei index fell 0.16 percent, or 44.01 points, to 27,413.88. The Topix index dropped 0.63% to 1,926.39. The yen’s depreciation against the dollar prompted purchases of export-oriented shares. Tokyo stocks finished lower on Thursday as Wall Street drops weighed on the market, with investors focusing on inflation ahead of US jobs data due later … Read more
The Dow Jones Industrial Average was down 0.2 percent at 32,735. Microsoft cut its earnings and sales forecast due to the rising dollar. Initial jobless claims fell from 11,000 to 200,000 in the week ending May 30. Both reports come ahead of Friday’s official government data. Wall Street stocks were little altered early Thursday after uneven … Read more
US stocks on Wall Street started the month of June on a positive note. Salesforce shares soared more than 13% after the software giant. The Dow Jones Industrial Average was up 0.1 percent at 33,034.24 in early trading. US stocks on Wall Street started the month of June on a high note Wednesday, rising early … Read more
Hong Kong stocks closed with losses Wednesday as profit-takers stepped in following a healthy run-up in recent sessions and after a weak lead from Wall Street fuelled by inflation angst. The Hang Seng Index dropped 0.56 percent, or 120.26 points, to 21,294.94. Read More: Hong Kong stocks close higher The Shanghai Composite Index eased 0.13 … Read more
Asian markets were volatile on Wednesday, following Wall Street losses and data that reminded traders that inflation shows no signs of abating. Oil rose after falling sharply earlier on reports that OPEC was considering dropping Russia from an output agreement, which observers said could allow producers to pump more. Regional equities have enjoyed a largely … Read more
Tokyo stocks fell on Tuesday after a strong rally the day before, as rising US yields worried investors. The Nikkei 225 index fell 0.33 percent, or 89.63 points, to 27,279.80, while the Topix index fell 0.51 percent, or 9.77 points, to 1,912.67. The dollar stood at 127.79 yen, against 127.59 yen in London, with US … Read more
Wall Street stocks dropped, putting the week’s gains in jeopardy ahead of critical job, consumer confidence, and business mood surveys. Following a long period of decline in 2022, major indices suddenly rose sharply last week, owing in part to bargain hunting. But early in Tuesday’s session, the first following a holiday weekend, stocks were on their back … Read more
Eurozone equity markets sank Tuesday on information that the area’s inflation rate hit another file excessive in May as the fallout from Russia’s invasion of Ukraine. Consumer fees within the eurozone rose by way of 8.1 percent, as compared with 7.4 percent in April, reputable statistics showed, with energy surging the quickest. Sentiment took another … Read more
