Longer-dated U.S. Treasury yields rebounded and Wall Street futures were mixed in early trading Monday, with some investors apparently poised for more Omicron dip-buying after uncertainty over the new variant last week sparked sharp selloffs in risk assets and fueled interest in havens like government securities. A slightly more upbeat mood was evident early Monday,…
US Treasury Yields Bounce and Stock Futures Mixed at Start of Likely Volatile Week of Trading
December 6, 2021
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US Employers Added 210,000 Jobs in November, Less Than Half of Estimates
U.S. employers added a paltry 210,000 jobs in November, sharply below consensus forecasts of 550,000 and more than half as many as in October, though the underwhelming job creation numbers triggered Wall Street stock futures to shoot up, as investors bet it would ease pressure on the Fed to accelerate its timetable for scaling back…
Here’s How Stocks Have Performed Under Fed Chair Jerome Powell, so Far
November 30, 2021
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For investors who took a break from the market during Thanksgiving week, one of the biggest Wall Street headlines they may have missed was President Joe Biden’s decision to renominate Federal Reserve Chairman Jerome Powell for a second term in the position as the Fed begins its post-COVID-19 pandemic tightening program. Stocks finished down last…
Dow Jones Drops 900 Points on Opening Bell as New COVID-19 Variant Roils Markets
November 26, 2021
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The Dow Jones fell over 900 points just after opening bell on Nov. 26, with other major Wall Street stock indexes—and risk assets more generally—also seeing sell-offs as news of a new COVID-19 variant spreading in South Africa seems to have sparked a broader risk-off sentiment among investors. By 10:30 a.m. New York time, the…
Stocks Edge Higher After Another Choppy Day on Wall Street
Wall Street capped another wobbly day of trading Wednesday with an uneven finish for the major stock indexes ahead of the Thanksgiving holiday in the U.S. The S&P 500 rose 0.2 percent after wavering between small gains and losses most of the morning. The benchmark index regained its footing in the final hour of trading….
Asian Stocks Mixed After Late Slump on Wall Street
November 23, 2021
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Asian shares were mixed Tuesday after a late drop left major Wall Street indexes mostly lower. Tokyo was closed Tuesday for a holiday. Hong Kong and Seoul declined while Shanghai advanced. Market players appeared to be relieved to learn that President Joe Biden will nominate Jerome Powell for a second four-year term at the helm…
Stocks Fall as Market Turns Choppy Amid Inflation Concerns
Stocks fell in morning trading on Wall Street Wednesday as the broader market takes a choppy turn amid lingering concerns about rising inflation. The S&P 500 fell 0.3 percent as of 10:20 a.m. ET. The losses pulled the benchmark index further below the record high it reached on Nov. 8. The Dow Jones Industrial Average…
Wall Street Opens Lower as Nvidia Weighs
November 16, 2021
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Wall Street indexes opened slightly lower on Tuesday, with Nvidia weighing on the S&P 500 and Nasdaq after the UK ordered an in-depth probe into the chipmaker’s planned acquisition of Arm. The Dow Jones Industrial Average fell 11.27 points, or 0.03 percent, at the open to 36,076.18. The S&P 500 opened lower by 3.38 points,…
Wall Street Supported by Tech; Tesla Extends Losses
November 15, 2021
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U.S. stock indexes were buoyed by technology stocks on Monday as concerns over rising inflation saw investors shift to economically resilient sectors ahead of major retail earnings and data this week. The S&P technology and communication services sectors were the best performers in early trade, adding 0.4 percent and 0.6 percent, respectively, while Meta Platforms…
Stocks Close Higher, but Indexes Still End Week in the Red
Stocks closed higher on Wall Street on Friday, but the market still ended the week lower as inflation worries weighed on investors’ moods earlier in the week. The S&P 500 index added 33.58 points, or 0.7 percent, to end at 4,682.85. While it closed higher, the benchmark index still ended the week down 0.3 percent….
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