Page 4 - Wall Streets

US stocks fall broadly with more losses; S&P 500 ends worst year since 2008

Stocks fell in afternoon trading on Wall Street on Friday as major indexes close out a dismal year with lingering concerns about stubbornly hot inflation and a potential recession. The S&P 500 fell 0.7 per cent as of 12:01 pm Eastern. The index, which is considered a benchmark for the broader market by investors, is on track to end 2022 with a 20 per cent loss. That would mark its worst loss since the financial crisis 14 years ago. The Nasdaq composite fell 0.7 per cent and is on track for a much steeper annual loss of 33.5 per cent. The index is faring much worse this year because it is heavily made up of technology stocks that have been leading the broader market slump. The Dow Jones Industrial Average fell 210 points, or 0.6 per cent, to 33,007. It is on track for a 9.4 per cent loss this year. There was scant corporate or economic news for Wall Street to review on the last trading day of the year. Tesla stabilized from steep losses earlier in the week, though it is still on ...

Fed's message on rate hold for 'some time' clashes with 2023 rate-cut bets

They're also likely to signal another 50 basis points of tightening next year, according to economists, and an expectation that once they reach that peak, they'll stay on hold through all of 2023

Wall Street slides after manufacturing data, salesforce tumbles; Dow falls

"Yesterday's move was so crazy large, this is probably just some natural profit taking," Rusty Vanneman, chief investment strategist at Orion Advisor Solutions, said

China trying to revive ties with the US via the Wall Street route: Report

Days before the meeting between Xi Jinping and Joe Biden at the G20 Summit in Indonesia, a Chinese delegation of policy advisors and business executives met with their US counterparts in New York

Buoyant Wall Street boosts world, European stocks; oil prices slide

World and European shares turned higher on Friday as Wall Street extended gains amid hopes of a slowdown in some central banks' rate hikes

Too early to write off 'king' dollar's dominance, says Wall Street

It's too soon to write off the dollar's dominance as the US rate-hike cycle may not be near its peak

Wall Street sees sharp gains as dollar dips on UK U-turn, strong earnings

Wall Street jumped to robust gains on Monday as solid earnings and a financial policy reversal in Britain fueled risk appetite and boosted the sterling and euro against the greenback

S&P 500 wipes out 2.4% loss in biggest stock reversal since July 1991

It was a stock reversal for the ages: A near-uniform plunge followed by an everything rally made for a dizzying day on Wall Street.

High inflation keeps Wall Street, global stocks muted to end brutal quarter

Wall Street and global stocks made up little ground on Friday, with government bond yields and the dollar holding near recent peaks, as higher-than-expected inflation continued to weigh on markets.

Revlon lenders to seek rehearing after Citigroup's $500 mn victory

Some of the Revlon Inc. creditors who were accidentally sent more than $900 million by Citigroup Inc. asked a federal appeals court for a rehearing, after it ruled that they had to give the money back

Tech, financial stocks drag Wall Street lower as growth concerns mount

Nine of the 11 major S&P sectors declined, led by a drop of 2% in consumer discretionary and 1.5% in financial stocks; Eli Lilly up on FDA approval for cancer drug

World shares mostly higher after wobbly yield of gains on Wall Street

World shares were mostly higher on Thursday after a wobbly day of trading yielded modest gains on Wall Street. Germany's DAX added 0.4 per cent to 13,075.05 while the CAC 40 in Paris edged 0.1 per cent higher to 6.230.03. Britain's FTSE 100 climbed 0.6 per cent to 7,320.71. The futures for the S and P 500 and the Dow industrials were up 0.3 per cent. A report on inflation at the wholesale level released on Wednesday showed that prices are still rising rapidly, with pressures building underneath the surface, even if overall inflation slowed. It echoed a report on inflation at the consumer level on Tuesday, which raised expectations for interest-rate hikes and triggered a rout for markets. Investors worry rate hikes by the Federal Reserve to cool surging prices could go too far in slowing the US economy and send it into a recession. The Fed is trying to avoid that outcome, but the latest inflation reports suggest that is becoming a more difficult task. But markets appeared to have

World shares advance after last week's strong close on Wall Street

Shares climbed Monday in Europe and Asia after last week's strong close on Wall Street snapped a three-week losing streak. Many Asian markets were closed for holidays. US futures rose while oil prices turned higher. Investors are watching for US inflation figures and Chinese economic data this week. The US Labour Department will release its report on consumer prices for August on Tuesday and a report on wholesale prices on Wednesday. On Thursday, Wall Street will get an update on retail sales for August. Germany's DAX climbed 1.3% to 13,2595 while the CAC 40 in Paris gained 1% to 6,273.58. Britain's FTSE 100 was up 1.1% at 7,430.66. The future for the S&P 500 was 0.4% higher while that for the Dow industrials gained 0.3%. Coronavirus cases are still casting a shadow in China, where about 65 million Chinese were under lockdown as of last week despite just 1,248 new cases of domestic transmission, mostly asymptomatic, being reported on Sunday. All in all, the lower-for-longer grow

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

Will September bring more gains than losses for Wall Street?

Welcome to the worst month of the year for Wall Street. Since 1950, September has brought an average loss of 0.5 per cent for the S and P 500. That's 10 times worse than the next-worst month, February. September is also the only month of the year over that span to turn in a loss more often than a gain. Other months see the S and P 500 rise more than three times out of five. Stretch the horizon even further, back to 1928 to include a world war, the Great Depression and completely different types of economies, and September is still the most frequent stinker for Wall Street. No clear reason explains September's struggle, though many hypotheses try. One suggests the return of many professional investors from summer vacations may add to the selling pressure, for example. Last year, the S and P 500 fell 4.8 per cent in September for its first loss in eight months. At the time, worries were brewing about when the Federal Reserve would take its foot off the economic stimulus ...

Global shares track Wall Street slide on higher rate hike expectations

Global shares were lower on Thursday, tracking a broad slide on Wall Street, as investors braced for higher interest rates and inflation worries for some time. France's CAC 40 declined 1.6 per cent to 6,025.93 in early trading, while Germany's DAX slipped 1.6 per cent to 12,633.32. Britain's FTSE 100 was down 1.6 per cent at 7,164.45. US shares were set to drift lower, with Dow futures falling 0.6 per cent to 31,350.00 and S and P 500 futures declining nearly 0.8 per cent to 3,926.00. Benchmarks finished lower in Asia. Japan's benchmark Nikkei 225 dipped 1.5 per cent to finish at 27,661.47. Australia's S and P/ASX 200 dropped 2.0 per cent to 6,845.60. South Korea's Kospi shed 2.3 per cent to 2,415.61. Hong Kong's Hang Seng lost 1.8 per cent to 19,597.31, while the Shanghai Composite declined 0.5 per cent to 3,184.98. Oil prices fell. The slide in the Nikkei came despite signs of improvement in the Japanese economy. A study by the Finance Ministry on corporate financial statements

Revenge of the founders: A generational struggle on Wall Street

Firms like Carlyle have sought to convince outsiders that they would cede control to a younger class of executives

Wall Street falls as job openings data adds to rate hike jitters

Best Buy sales beat estimates as discounts spur demand; Jobs openings in July rises sharply

Population collapse due to low birth rates a bigger risk than climate: Musk

This is not the first time that Tesla's top boss has warned about declining birth rates. In June 2022, he also shared data from The Wall Street Journal

IIT alums became friends on Street. Then one turned on other

Former Goldman banker Brijesh Goel was arrested for insider trading. His friend, ex-Barclays trader Akshay Niranjan, is co-conspirator, who turned on his buddy