Wall Street finished lower on Friday, weighed down by Big Tech as investors worried about the Omicron coronavirus variant and digested the Federal Reserve’s decision to end its pandemic-era stimulus faster. All three main U.S. stock indexes ended with a decline for the week after the Fed on Wednesday signaled three quarter-percentage-point interest rate hikes…
Nasdaq Ends Sharply Lower as Investors Dump Growth Stocks
The Nasdaq ended sharply lower on Thursday as the Federal Reserve’s announcement of a faster end to its pandemic-era stimulus pushed investors away from Big Tech and toward more economically sensitive sectors. Nvidia Apple Microsoft, Amazon, and Tesla tumbled between 2.6 percent and 6.8 percent, hitting the Nasdaq and the S&P 500, while the Dow…
Wall Street Indexes Inch Down Ahead of Fed Policy Announcement
Wall Street’s main indexes dipped in early trading on Dec. 15 as recent readings on inflation appeared to solidify bets that, later in the day, the Federal Reserve might announce a faster phase-out of pandemic-era stimulus that has provided a tailwind to financial markets. The Dow Jones Industrial Average fell around 100 points, or 0.29…
Wall Street Ends Down, Investors Eye Inflation and Omicron
Wall Street ended lower on Tuesday after data showed producer prices increased more than expected in November, solidifying expectations the Federal Reserve this week will announce a faster wind-down of asset purchases. The fast-spreading Omicron coronavirus variant also dampened investor sentiment after the S&P 500 index hit an all-time closing high late last week. Declines…
Wall Street Closes Lower Following Latest Inflation Report
Stocks fell broadly on Wall Street Tuesday as new data showing that inflation is still running high put a spotlight on what action the Federal Reserve will take as it holds its last meeting of the year. The S&P 500 index fell 0.7 percent, adding to its losses from a day earlier. Nearly 70 percent…
Stocks End Higher, Closing out Best Week Since February
Technology companies led a rally on Wall Street that powered the S&P 500 to an all-time high and gave the index its best weekly gain since February. The S&P 500 rose 1 percent, enough to recoup its losses from a day earlier. The benchmark index closed higher four of the last five days, finishing 3.8…
Stocks Close Lower on Wall Street as Rally Momentum Cools
Stocks closed lower on Wall Street Thursday as investors tapped the brakes after three days of gains. The S&P 500 fell 0.7 percent, and the Nasdaq fell 1.7 percent. The Dow Jones Industrial Average slipped less than 1 point. Small-company stocks fell more than the rest of the market. The pullback came after investors pushed…
Wall Street Closes Lower Ahead of Inflation Data, Fed Meeting
Wall Street closed lower on Thursday as investors banked some profits after three straight days of gains and turned their focus toward upcoming inflation data and how it might influence the Federal Reserve’s meeting next week. The Nasdaq was down more sharply than the S&P 500 while the Dow was virtually flat, ending down less…
Wall Street Investors Find New Opportunities in China as CCP Infighting Spreads to Financial Sector
December 9, 2021
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Business & EconomyChinaChina Business & EconomyChinese RegimeCompaniesfinancialInvestmentinvestormarketUS-China relationsWall StreetXi Jinping
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News Analysis Investment giants of Wall Street, although with some uncertainty over China’s complex and unstable policies, are lining up to enter the Chinese market with full control over their companies. The move comes as Chinese leader Xi Jinping uproots the status quo for local financial markets in an attempt to squeeze out a rival…
Wall Street Regains Some Ground With Help From Easing Virus Fears
Wall Street’s major averages closed higher on Monday with economically sensitive sectors and travel-related stocks advancing solidly as investors were encouraged by some optimistic comments from a top U.S. official on the latest COVID-19 variant. Of Wall Street’s three major averages, the Dow rose the most while industrials and consumer staples, up around 1.6 percent,…
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