[ 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
[ 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
[ 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
