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Nasdaq Ends Sharply Lower as Investors Dump Growth Stocks

December 16, 2021 admin

Business & Economy Market Watch Markets stocks US US News Wall Street

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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…

Stocks Wobble as Wall Street Focuses on Central Banks

December 16, 2021 admin 0 Comment

Stocks wobbled in morning trading on Wall Street Thursday as investors study moves by central banks to fight rising inflation. The S&P 500 rose 0.1 percent as of 10:20 a.m. Eastern and is hovering around the record high it reached last Friday. The Dow Jones Industrial Average rose 178 points, or 0.5 percent, to 36,102…

Futures Rise as Fed Wages War on Inflation

December 16, 2021 admin 0 Comment

U.S. stock index futures climbed on Thursday after the Federal Reserve announced a faster wind-down of its pandemic-era stimulus, calming some nerves around surging price pressures. The U.S. central bank said on Wednesday it would end its bond purchases in March and signaled three quarter-percentage-point interest rate hikes by the end of 2022. Fed Chair…

World Shares Advance After Fed Steps Up Stimulus Pullback

December 16, 2021 admin 0 Comment

Stocks have climbed in Europe and Asia, tracking Wall Street’s gains, after the Federal Reserve said it would accelerate its pullback of economic stimulus. Shares surged in Paris, Frankfurt, London, and Tokyo. New York futures and oil prices also advanced. The Fed said it would likely raise interest rates three times next year to tackle…

World Shares Mixed Ahead of Fed Policy Statement

December 15, 2021 admin 0 Comment

BANGKOK—World shares were mixed Wednesday as traders awaited the outcome of the last Federal Reserve meeting of this year. Benchmarks rose in Paris, Tokyo, and Frankfurt but fell in Hong Kong and Shanghai after the U.S. Labor Department reported wholesale prices jumped a record 9.6 percent in November from a year earlier. Fed policymakers end…

Asian Shares Shed Gains Ahead of Fed Policy Statement

December 15, 2021 admin 0 Comment

BANGKOK—Stocks were mostly lower in Asia on Wednesday after new U.S. data showed inflation is still running high, putting a spotlight on what action the Federal Reserve will take as it holds its last meeting of the year. Tokyo’s Nikkei 225 index edged 0.1 percent higher to 28,459.72 and the Kospi in Seoul was nearly…

Wall Street Ends Down, Investors Eye Inflation and Omicron

December 15, 2021 admin

Amazon Business & Economy inflation JPMorgan Chase Market Watch Markets Wall Street

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Amazon Business & Economy inflation JPMorgan Chase Market Watch Markets Wall Street

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…

S&P 500, Nasdaq Slide on Hot Producer Prices Data as Fed Meet Looms

December 14, 2021 admin 0 Comment

The S&P 500 and the Nasdaq fell on Tuesday after data showed producer prices increased more than expected in November and ahead of a potential decision on faster tapering from the U.S. Federal Reserve this week. The fast-spreading Omicron coronavirus variant also tamped down the mood after the S&P 500 index hit an all-time closing…

Investors Raise Cash on Hawkish Central Banks Worries

December 14, 2021 admin 0 Comment

Investors raised cash allocations to 5.1 percent on growing concerns over central bank hawkishness, BofA Securities’ monthly fund manager survey showed before key policy decisions this week by the U.S. Federal Reserve and other big central banks. The U.S. investment bank said “hawkish central banks” was the biggest tail risk and that has sparked a…

World Shares Mixed as Markets Await Word From Fed Meeting

December 14, 2021 admin 0 Comment

BANGKOK—Shares opened higher in Europe on Tuesday after Asian shares followed Wall Street lower as investors awaited fresh U.S. inflation data and the outcome of a meeting of the Federal Reserve. Benchmarks advanced in Paris, London, and Frankfurt, but fell in Hong Kong, Shanghai, and Tokyo. The Labor Department’s Producer Price Index for November is…

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