Wall Street’s main indexes opened lower on Wednesday after soaring oil prices fed into fears of higher inflation, while a survey showing a strong rise in private jobs last month fueled concerns of a sooner-than-expected easing of monetary stimulus. The Dow Jones Industrial Average fell 115.71 points, or 0.34 percent, at the open to 34,198.96….
Wall Street Slides on Inflation Worries; ADP Jobs Beat Sparks Taper Fears
October 6, 2021
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Wall Street Falls as ADP Jobs Beat Sparks Taper Fears
October 6, 2021
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U.S. stock indexes fell on Wednesday after a strong showing of private jobs in September fueled concerns of a sooner-than-expected easing of monetary stimulus in the face of growing worries of higher inflation. The ADP National Employment Report showed private payrolls increased by 568,000 jobs last month. Economists polled by Reuters had forecast a rise…
Wall Street Ends Sharply Higher as Big Tech Roars Back
Wall Street ended sharply higher on Tuesday, as Microsoft and Apple spearheaded a strong rebound in growth stocks and investors awaited monthly payrolls data later this week that could influence the U.S. Federal Reserve’s decision on when to scale back monetary stimulus. Apple, Microsoft, Amazon, and Alphabet, Wall Street’s most valuable companies, each rose more…
The First Quantum Computing Company Makes Wall Street Debut
IonQ made its debut on Wall Street with a stock market listing on Friday, making history by becoming the first quantum computing hardware company to go public. The listing of IonQ was done through merging with a special purpose acquisition company (SPAC). The merger injected IonQ with $636 million capital which the company hopes to…
Does Collusion Between Wall Street and the CCP Fuel Chinese Trading in US?
October 3, 2021
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News Analysis While the Securities and Exchange Commission (SEC) continues to signal tighter audit standards for Chinese companies listed in the United States, the Chinese Communist Party (CCP) has been meeting privately with Wall Street firms to launch wholly-owned mutual funds in the Chinese capital market. Experts believe Wall Street will remain as a middleman…
Third Quarter Deals Break All Records in Biggest M&A Boom
Global mergers and acquisitions reached record highs this year with an outstanding third-quarter performance, shattering previous highs, before and after the financial crisis. M&A deals worth $4.33 trillion have been made to-date in 2021, breaking the previous high $4.1 trillion hit in 2007. The third quarter saw deals worth $1.52 trillion. Based on Refinitiv data,…
Wall Street Set to Open Higher on Bargain Hunting, Merck Boost
October 1, 2021
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Wall Street’s main indexes were set to rise on Friday as steep losses in September saw investors buying into cheaper sectors, while drugmaker Merck rose on marking progress in the development of an oral COVID-19 drug. Shares of Merck & Co. Inc. jumped 8.3 percent in premarket trading after the company’s experimental oral drug for…
Wall Street Slides, S&P 500 Posts Worst Month, Quarter Since COVID-19 Outbreak
October 1, 2021
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NEW YORK—Wall Street ended sharply lower on Thursday and the S&P 500 posted its worst month since the onset of the global health crisis, following a tumultuous month and quarter wracked by concerns over COVID-19, inflation fears, and budget wrangling in Washington. The U.S. Senate and House approved a stopgap spending bill to keep the…
Wall Street Rises, but Tracks Steep Monthly Losses
September 30, 2021
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Wall Street’s main indexes rose on Thursday at the end of a bruising month as investors kept a close watch on funding negotiations in Washington to prevent a government shutdown. The benchmark S&P 500 was still on course to snap its seven-month winning streak, due to worries about inflation, fallout from China Evergrande’s potential default…
Wall Street Firms Dust Off Plans as Debt Limit Talks Go to the Wire
WASHINGTON—Wall Street firms are sounding alarm bells and dusting off contingency plans as fears grow that Congress may fail to reach a deal to raise the country’s debt limit in time, executives said. Federal government funding is due to expire on Thursday and borrowing authority is set to run out on Oct. 18. A failure…
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