Dow, S&P fall for third straight session, eye on inflation data

[ NEW YORK: US stocks slipped on Tuesday, giving up modest gains late in the session to send the Dow and S&P 500 to their third straight decline, as investors awaited economic data in a holiday-shortened week to gauge the Federal Reserve’s policy path. Stocks struggled for upward momentum even as Tesla gained 2.92% after … Read more

Truth Social Parent’s Stock Retreats From Highs But Still Impresses In Nasdaq Debut; Debate Swirls About Fate Of Donald Trump’s 78M Shares

[ Shares in Truth Social parent Trump Media & Technology Group gave back most of their initial gains but still posted a strong debut on the Nasdaq, boosting the value of Donald Trumpā€˜s majority stake. The start of trading for the stock, which resulted from a SPAC merger finalized last week, was not accompanied by … Read more

US stocks pull back as tech giants hit by EU probe

[ Wall Street encountered a slight retreat on Monday, with the Dow Jones Industrial Average, S&P 500, and Nasdaq all experiencing downturns after witnessing substantial weekly gains previously. The Dow Jones dropped by 162.13 points or 0.41%, settling at 39,313.77. Meanwhile, the S&P 500 and Nasdaq saw declines of 0.31% and 0.27%, ending at 5,218.21 … Read more

Nasdaq, S&P 500 set to slip at open after hitting record highs

[ 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

Shares rally to records ahead of US jobs report, yields and dollar down

[ 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

US shares end higher, Treasury yields dip as Powell gives rate cut assurances

[ 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 St slips after hot producer prices data dents early rate-cut hopes

[ 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

Graphjet Technology eyes Nasdaq debut with US$1.49bil valuation

[ KUALA LUMPUR: Graphjet Technology Sdn Bhd, a green graphite producer, is eyeing a Nasdaq debut with a US$1.49 billion (RM7.10 billion) pro-forma enterprise value following the greenlighting of its de-Spac transaction by the United States Securities and Exchange Commission. Graphjet said this development is a milestone in its journey towards becoming a publicly traded … Read more

US Stocks: US stocks: Dow Jones scores second record close in a row on lower-rate bets

[ 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