More worries about inflation helped spur a broad slide for stocks Friday that left most of the major indexes on Wall Street in the red for the week and wiped out much of the market’s gains from a strong rally a day earlier. A report showing U.S. consumers raised their expectations for future inflation hurt…
US Indexes Shake Off an Early Slump and Eke out Gains
Stock indexes on Wall Street ended with meager gains Tuesday, as a late-afternoon rally led by technology companies stemmed the market’s losses after an early slump. The S&P eked out a gain of 0.2 percent after having been down 2.2 percent earlier in the day. The Dow Jones Industrial Average lost 0.4 percent, while the…
Russia Will Be Excluded From All JPMorgan Fixed Income Indexes
March 8, 2022
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NEW YORK—Russia will be excluded from all of JPMorgan’s fixed income indexes on March 31, the bank said in a statement on Monday, joining rival index providers that had excluded Russian securities from their indexes after Moscow’s invasion of Ukraine. JPMorgan had placed Russia on index watch on March 1 after sanctions were imposed on…
Technology Sector Leads Stocks Lower Again on Wall Street
Stocks fell and bond yields rose Monday, extending the market’s pullback last week, as investors shifted holdings in anticipation that the Federal Reserve will raise interest rates this year in its bid to lower inflation. The selling was broad, though by late afternoon the indexes had come above their lows from earlier in the day….
Asian Stocks Fall as Markets Eye Fed, China Omicron Cases
TOKYO—Asian shares sank in cautious trading Tuesday following a decline on Wall Street amid continuing worries about the Omicron coronavirus variant, especially rising cases in China. Japan’s benchmark Nikkei 225 fell 0.8 percent in morning trading to 28,242.46. South Korea’s Kospi was little changed at 2,926.01. Australia’s S&P/ASX 200 dipped 0.8 percent to 7,391.50. Hong…
S&P, Nasdaq End at Record Peaks on Strong Earnings
NEW YORK—Both the S&P 500 and the Nasdaq eked out record closing highs after a topsy-turvy Thursday on Wall Street, as investors focused on upbeat retail and technology earnings which outshone hawkish inflation comments from a Federal Reserve policymaker. By contrast, the Dow continued to play the laggard, registering its third decline this week, as…
Indexes Close up More Than 1 Percent as Investors Assess Fed News
September 24, 2021
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U.S. stocks gained more than 1 percent on Thursday as investors appeared relieved about the Federal Reserve’s stance on tapering stimulus and raising interest rates. Upbeat outlooks from Accenture and Salesforce helped to bolster the market, while the U.S. Food and Drug Administration late Wednesday authorized a booster dose of the Pfizer-BioNTech COVID-19 vaccine for…
FTSE Russell to Drop Xiaomi, Luokung From Indexes on US Order; Scraps AMEC Inclusion
March 5, 2021
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SHANGHAI—Global index publisher FTSE Russell will drop Xiaomi and another high-tech firm from global and Chinese indexes, it said on Friday, and scrap inclusion of a semiconductor firm, in line with a U.S. executive order by President Donald Trump. The changes come after the Trump administration in January placed Xiaomi and eight other companies on…
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