Page 10 - Us Markets

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Wall St slips into bear market amid war, inflation: Here's what that means

Wall Street opened the week with heavy losses that put the benchmark S&P 500 at a level considered to be a so-called bear market. Rising interest rates, high inflation, the war in Ukraine and a slowdown in China's economy have led investors to reconsider what they're willing to pay for a wide range of stocks, from high-flying tech companies to traditional automakers. Big swings have become commonplace and Monday was no exception. The last bear market happened just two years ago, but this would still be a first for those investors that got their start trading on their phones during the pandemic. Thanks in large part to extraordinary actions by the Federal Reserve, stocks have for years seemed to go largely in only one direction: up. The buy the dip rallying cry after every market slide has grown fainter after stinging losses and severe plunges in risky assets like cryptocurrencies. Bitcoin fell below $23,000 on Monday. The price for Bitcoin neared $68,000 late last year. Here are ..

Market's wild ride evokes memories of trading before Lehman blowup

Two-year US Treasury yields surged 29 basis points as bond prices tanked. The yield jumped 54 basis points since Thursday night, the biggest two-day increase since 2008

US equities tumble, S&P 500 confirms bear market as recession worry grows

US equities tumbled on Monday, with the S&P 500 confirming it is in a bear market, as fears grow that the expected aggressive Fed rate hikes would push the economy into a recession

US manufacturing sector expands faster in May amid supply constraints

The Purchasing Managers' Index stood at 56.1 per cent, up 0.7 percentage points from the April reading

US national average fuel price hits new record high at $4.619 per gallon

The US national average price for a gallon of regular fuel hit a fresh record high of $4.619, according to the American Automobile Association

Markets set to witness biggest May decline since 2012 amid FPI sell-off

So far this month, the benchmark Sensex and the Nifty indices are down 5 per cent

Sensex falls for 3rd day, dips 303 pts; Asian Paints sinks 8%; IT index 3%

CLOSING BELL: The broader markets, meanwhile, bled more with the BSE SmallCap index sliding nearly 3 per cent, and the BSE MidCap index falling close to 2 per cent

US consumer sentiment near 11-year low; import prices unchanged in April

Consumer sentiment index falls 9.4% to 59.1 in May. Import prices unchanged in April; up 12.0% year-on-year

Over 80 firms including China's JD.com face delisting risk from US

The SEC on Wednesday expanded the list, consisting of US-listed Chinese entities, on a provisional lineup under a 2020 law known as The Holding Foreign Companies Accountable Act.

Oil prices climb 1% after US crude, fuel stocks signal tighter supply

The gains come on the back of news from Tuesday that the European Union is working on new sanctions against Russia for waging war on Ukraine that will target Moscow's oil industry.

US stocks gain in seesaw session, benchmark Treasury yield hits 3%

All three major US stock indexes gyrated between positive and negative territory throughout the session, and the 10-year Treasury yield touched its highest level in more than three years.

Investors snap up dollar on hawkish Fed views; yen slumps past 126

The yen led losers against the dollar with the Japanese unit weakening 0.8% to cross the 126 yen to the dollar level for the first time since May 2002.

US dollar posts largest weekly gain in one month on hawkish Fed messages

NEW YORK (Reuters) - The U.S. dollar index on Friday posted its largest weekly percentage gain in a month, supported by the prospect of a more aggressive pace of Federal Reserve tightening to curb soaring inflation.

US dollar inches up to new two-year peak, set for best week in four

The dollar index rose as high as 99.904 in early Asia trade, its best level since May 2020.

Stocks rally late, 10-year US Treasury yield touches 3-year high

NEW YORK (Reuters) - Stock indexes mostly rose on Thursday as investors snapped up beaten-down shares, while the U.S. dollar climbed to its highest in nearly two years and the U.S. Treasury 10-year yield touched a three-year high following hawkish signals from the Federal Reserve.

Gold price slips as US dollar holds firm on safe-haven flows

The dollar index was little changed after three straight sessions of gains as talks of further sanctions against Moscow increased.

Asian stock markets start cautiously, Treasury yields keep climbing

Japan's Nikkei was flat, while S&P 500 stock futures eased 0.2% and Nasdaq futures 0.3%.

US, European stock markets suffer worst quarter since pandemic

Quarter-end portfolio rebalancing boosted demand for bonds and held down yields

Nasdaq leads Wall Street lower as tech stocks lose ground

S&P 500, Nasdaq eye second straight weekly gain; financial, energy among top S&P 500 weekly sectoral gainers