Wall Street Drops

Wall Street falls sharply to close its worst week in nearly 18 months

Another rout hit Wall Street Friday, with formerly high-flying technology stocks again taking the brunt, after a highly anticipated update on the US job market came in weak enough to add to worries about the economy. The S& P 500 dropped 1.7 per cent to close out its worst week since March 2023. Broadcom, Nvidia and other tech companies drove the market lower amid ongoing concerns that their prices soared too high in the boom around artificial intelligence, and they dragged the Nasdaq composite down by a market-leading 2.6 per cent. The Dow Jones Industrial Average dropped 410 points, or 1 per cent, after erasing a morning gain of 250 points. Sharp swings also hit the bond market, where Treasury yields tumbled, recovered and then fell again after the jobs report showed US employers hired fewer workers in August than economists expected. It was billed as the most important jobs report of the year, and it showed a second straight month where hiring came in below forecasts. It also ..

Wall Street tumbles as AI Nvidia's fervor dampened by rate jitters

All three major US stock indexes gathered downward momentum in afternoon trading, ending the session deep in red territory

Wall Street darlings, ESG-focused funds may be on the way out: Report

Environmental, social, and governance-focused funds, which were once deemed the darlings of Wall Street, may be on the way out, media reports said

Wall St slides for fifth straight day on rate hike jitters; Nasdaq falls 2%

All eyes on August nonfarm payrolls report on Friday; Nvidia, AMD falls after US export ban on AI chips to China

Asian stocks follow Wall Street lower after US jobs data signals rate hikes

Asian stocks followed Wall Street lower Wednesday after strong U.S. jobs data fuelled expectations of further interest rate hikes and Chinese manufacturing activity weakened. Shanghai, Tokyo, Hong Kong and Sydney declined. Oil prices rose more than USD 1 per barrel. U.S. government data Tuesday that showed there were two jobs for every unemployed person in July appeared to support arguments the economy can tolerate more rate hikes to tame inflation that is running at multi-decade highs. Some investors had hoped the Federal Reserve would back off due to indications economic activity is cooling. The jobs data supported the argument for the Fed to stick to an aggressive stance, said Edward Moya of Oanda in a report. The Shanghai Composite Index fell 1.1% to 3,191.00 after an index of manufacturing showed activity contracted again in August. The Nikkei 225 in Tokyo shed 0.5% to 28,063.06 and the Hang Seng in Hong Kong sank 0.4% to 19,867.17. The Kospi in South Korea gained 0.7% to ..

Wall Street gains on hopes of smaller rate hikes as economy shrinks again

US economy contracts again in second quarter; Meta Platforms revenue drops for first time; Qualcomm flags weak smartphone demand

Wall Street suffers longest losing streak since Great Depression

US stocks are on their longest losing streak since the Great Depression by at least one key measure.

Wall Street drops, oil prices jump on Ukraine conflict worries

Rising oil prices boosted energy shares more than 2.8%, though most of the 11 major S&P 500 sector indexes declined, led by technology and consumer discretionary

Wall Street falls as report shows US inflation still red hot

US markets are falling after a report showed inflation in the US is running hotter than previously thought. Futures for the Dow Jones Industrial dropped 0.6%, while futures for the S&P 500 declined by 1.2%. Nasdaq futures dropped more sharply, down 1.9%. Labour Department data showed that inflation soared over the past year at its highest rate in four decades, hammering America's consumers, wiping out pay raises and reinforcing the Federal Reserve's decision to begin raising borrowing rates across the economy. The consumer price index rose 7.5% year over year in January, while the expectation was for an increase of 7.3%. Bond yields rose on the news. The yield on the 10-year Treasury rose to 1.99%. The yield has been at 2% since August 2019. European markets moved lower after the US inflation numbers came out. Germany's DAX slipped 0.1% and France's CAC 40 edged down 0.5% after being up earlier. The Walt Disney Co. gained more than 6.2% in off-hours trading after it reported a ..

US stocks fall with tech shares; dollar touches lowest since late February

Wall Street stocks fell on Tuesday, with technology shares turning lower in late New York trading, while the US dollar touched its lowest level since late February

Wall Street falls as Powell warns of extended period of weak growth

It will take some time for the US economy to get back to where it was, Powell said in a webcast, and called for more fiscal stimulus

Wall Street nosedives for 2nd straight day; Dow Jones, S&P 500 sink 3% each

Wall Street stocks tumbled in opening trading Friday, suffering another steep decline as fears of an economic slowdown due to coronavirus again pummeled global markets. Shortly after the opening bell, the Dow Jones Industrial Average was down nearly 800 points, or 3.0 per cent, at 24,986.27. The index had shed more than 11 per cent this week heading into Friday's session. The broad-based S&P 500 sank 3.1 per cent to 2,887.31, while the tech-rich Nasdaq Composite Index plunged 3.3 per cent to 8,285.87.

Wall Street tumbles on rising fears of recession; main indices down 2%

The Dow Jones Industrial Average was down 557.26 points, or 2.12%, the S&P 500 was down 62.63 points, or 2.14%. The Nasdaq Composite was down 190.71 points, or 2.38%

Wall Street drops 1% on trade war fears, tech tumble; Facebook flat

The Dow Jones Industrial Average fell 277.24 points, or 1.12 percent, to 24,405.07