[ THE S&P 500 and the Nasdaq were set to open lower on Friday after strong gains in the previous session, as investors cheered the Federal Reserve sticking to its rate-easing stance and awaited commentary from Chair Jerome Powell later in the day. All three main U.S. indexes hit fresh record closing highs on Thursday … Read more
[ NEW YORK/LONDON: Global stock indexes rallied to record highs on Thursday, while government bond yields fell after the European Central Bank held interest rates steady and Federal Reserve Chair Jerome Powell reiterated that easing was likely in 2024 if inflation behaved. The yield on benchmark 10-year U.S. Treasury notes hit a near one-month low … Read more
[ NEW YORK: Wall Street followed world shares to a higher close on Wednesday and the benchmark U.S. Treasury yield dipped to a one-month low after Federal Reserve Chair Jerome Powell reassured investors that while inflation is not quite tamed rate cuts can be expected this year. All three major U.S. stock indexes closed well … Read more
[ WALL Street’s main indexes ticked lower on Friday after a hotter-than-expected producer prices report pushed back market speculations of imminent interest rate cuts by the U.S. Federal Reserve. A Labor Department report showed U.S. producer prices increased more than expected in January amid strong gains in the costs of services, which could amplify worries … Read more
[ NEW YORK: US stocks ended firmer on Thursday, with the Dow Jones Industrial Average notching its second straight record high close, lifted by optimism that borrowing rates will decrease next year following a dovish pivot by the Federal Reserve.Apple hit an intra-day record high before surrendering some of its gains to close up 0.08%.Tesla … Read more
[ US STOCKS were poised for a higher open on Wednesday as fresh data signaled signs of cooling inflation ahead of the Federal Reserve’s final policy decision of the year, where it is widely expected to leave interest rates unchanged. The Labor Department’s report showed the Producer Price Index (PPI) for final demand rose 0.9% … Read more
