[ WALL Street’s main indexes eyed a higher open on Thursday as chip stocks rebounded, while investors awaited commentary from Federal Reserve officials to ascertain the outlook for interest-rate cuts. Micron Technology rose 1.6% after a report that the memory-chip maker is set to get more than $6 billion in grants from the U.S. Commerce … Read more
[ WALL Street’s main stock indexes eyed a higher open on Monday after a bruising sell-off in the previous session on the back of disappointing earnings from some big U.S. banks, while escalating tensions in the Middle East made investors wary. All three major indexes fell more than 1% on Friday, registering weekly losses. President … Read more
[ WALL Street’s main stock indexes were on track for a lower open on Friday as most megacap growth stocks and chipmakers receded, while some big banks dipped after dour quarterly results. JPMorgan Chase & Co fell 2.8% in premarket trading after the bank’s forecast for its income from interest payments came in below analysts’ … Read more
[ SYDNEY: Asian shares tracked Wall Street lower on Thursday as sticky U.S. inflation forced markets to slash bets on how much the Federal Reserve might ease this year, sending the dollar flying to a 34-year high against the beleaguered yen. Europe is set for a subdued open ahead of the European Central Bank meeting, … Read more
[ 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
[ WALL Street’s main stock indexes were on track to a higher opening on Thursday as investors kept bets of interest-rate cuts in the coming months alive despite slightly hotter-than-expected inflation data. A Labor Department report showed the Producer Price Index (PPI) rose 0.6% month-on-month in February, compared with a 0.3% increase expected by economists … 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
[ Wall Street experienced a positive shift on Wednesday as economic indicators and statements from Federal Reserve Chair Jerome Powell fueled anticipations that the Fed might lower its benchmark interest rate within the year.Powell emphasized on Wednesday his expectation for the Fed to slash rates, stating the US economy was far from facing a recession. … 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
[ TOKYO: Japan‘s benchmark Nikkei index surpassed the 40,000 mark for the first time on Monday following gains on Wall Street.The Nikkei added 0.84 percent, or 334.87 points, to 40,245.69 shortly after the opening bell, while the broader Topix index rose 0.30 percent or 8.07 points to 2,717.49.The dollar stood at 150.04 yen, compared with … Read more
