Petroleum industry rise with increase in oil prices in US stock market

oil prices us stock

The oil industry made huge gains in the US stock market along with an increase in oil prices. Russia would reduce production by 500,000 barrels per day. Investors are in a “wait and see” mindset. As the US stock market ended a dismal week with a mixed session, companies tied to the petroleum industry rose … Read more

US stocks close in the red despite strong labor market and stronger economic growth

us stocks

US stocks fell sharply in the Wall Street market. The Dow Jones Industrial Average closed down 1.1% at 33,027.49, while the broader S&P 500 Index declined 1.5%. The technology-heavy Nasdaq Composite Index fell 2.2% to 10,476.12. Edward Moya of the OANDA trading platform referred to the decline as a “Grinch selloff”. US Stocks on Wall … Read more

Wall Street trembles as CPI data fuels concerns about rate hikes

Wall Street

All three major U.S. stock indexes burst.  On the heels of the Labor Department’s highly anticipated Consumer Prices (CPI) data. The Nasdaq Composite was last in positive territory. While the S&P 500 was essentially unchanged. The Dow Jones was modestly red. Wall Street stocks changed on Wednesday as financial backers processed areas of strength shockingly … Read more

Wall Street declines in response to economic data and profits

Wall Street

Huge bank income, CPI information anticipated not long from now. U.S. club administrators fall as Macau shades club. Market driving development stocks haul down Nasdaq. Lists down: Dow 0.52%, S&P 1.15%, Nasdaq 2.26. U.S. Wall Street lost ground on Monday as an absence of catalysts left market members watchfully setting out on seven days back-end … Read more

S&P 500 and Nasdaq close higher as investors look at the economic path

S&P 500

 The S&P 500 recorded its steepest first-half percentage drop since 1970. The tech-heavy Nasdaq closed higher while the Dow slipped. Data showed new orders for U.S.-manufactured goods increased more than expected in May.  The Dow Jones fell, but the S&P 500 and Nasdaq closed higher on Tuesday. Volume on U.S. exchanges was below the average … Read more

Asian shares conclude the quarter in gloom, with the dollar rising

gloom

Asian shares are ending a rough quarter in a sombre mood. Policymakers reiterated their commitment to controlling inflation. The U.S. 10-year yield curve has continued to flatten.  The dollar index was trading up at 105.100. Asian offers were finishing a harsh quarter feeling gloom on Thursday in the midst of fears national banks’ remedy for … Read more

Asian stocks follow US lower on negative consumer sentiment

Asian stocks

Nasdaq Composite fell 3% and S&P 500 closed 2% lower. Hong Kong-listed technology firms led the loss, with the Hang Seng Tech index falling up to 2.4%. Japan’s Topix fell by 0.9%, South Korea’s Kospi plunged 1.9%. Asian stocks followed US equities lower on Wednesday after a disappointing US consumer sentiment survey eroded investor confidence. … Read more

US stocks investors face further pain in 2022

US stocks

US stocks are on course for worst first half of the year in more than half a century. Bonds, which investors rely on to offset stock market drops, have performed poorly. US bond market is down 10.8 percent year-to-date, putting it on pace for its worst performance. With US stocks on course for their worst … Read more

Reduced rate-hike expectations help US stocks break a losing streak

US markets

First weekly gain for global markets this month. Reduced rate-hike expectations help stocks break a losing streak. Nasdaq posted its highest weekly gain since March, rising 7.5%. FTSE All-World index of developed. Friday marked the first weekly gain for global financial markets this month, as investors reassessed how active central banks will need to be … Read more

SoftBank’s Son Favors Nasdaq for Arm’s Listing

softbank

UK has “received a strong love call” from SoftBank about listing Arm, says Son. But no decision has been made and Son is meeting specialists to see what is best for Arm. Lord Gerry Grimstone, has travelled to Tokyo and met with key SoftBank officials. Masayoshi Son, the billionaire founder of SoftBank, stated that Nasdaq … Read more

US stock bounce slows as oil price decline hits energy businesses

oil price

S&P 500 index surrendered early gains to turn negative in the final 30 minutes of the New York trade. Oil companies, notably Marathon Oil and ConocoPhillips, fell as Brent crude decreased by 2.5%. US consumer price inflation reached a 40-year high in May. A fledgling rise in US stocks waned on Wednesday evening, as a … Read more

Asian stock are mixed ahead of the Fed’s rate hike decision

Asian stock

Asian stock markets are unsettled ahead of the Federal Reserve’s decision on how aggressively it will hike interest rates to curb inflation in the United States. The Dow Jones Industrial Average dropped 0.5 percent to 30,364.83, while the Nasdaq Composite gained 0.2 percent to 10,828.35. BEIJING– Asian stock markets were neutral on Wednesday, ahead of … Read more

S&P 500 falls nearly 4% to a new low for year, closing in bear market territory

S&P 500

The S&P 500 plummeted 3.88 percent to 3,749.63, its lowest level since March 2021, and it has lost more than 21 percent from its January record. Some on Wall Street argue that it is not an official bear market until the index closes below that level, which occurred on Monday. The most recent bear market … Read more

Fonterra to purchase $50 million of its own stock

Fonterra

“It has also put aside up to $300 million to boost liquidity in the farmers-only sharemarket via a new repurchase scheme or other means. Fonterra is in the process of a capital reorganization that has just gotten government. The co-op’s hit a lifetime low of $2.20 per share last month and have more than halved … Read more

Stocks Rise Despite Uncertainties Keep Wall Street shaky

US markets

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

Stock futures are flat following a down week on Wall Street

US markets

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

Stock futures are flat following a down week on Wall Street

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