The Nasdaq opened higher on Monday, setting the tech-heavy index on course to extend its rally into the second half of the year, as Tesla jumped on reporting record second-quarter vehicle deliveries. The Dow Jones Industrial Average fell 37.82 points, or 0.11 percent, at the open to 34,369.78. The S&P 500 opened higher by 0.10…
Yen Weak, Dollar Edges Up as Traders Weigh Fed Rate Hike Path
LONDON/SINGAPORE—The yen fell on Monday to near eight-month lows against the dollar with investors saying intervention was in sight, while ahead of the 4 July holiday, the dollar edged up after U.S. economic data last week showed slightly easing inflation and consumer spending. The yen weakened 0.35 percent to 144.82, after on Friday touching its…
Oil Rallies on Saudi and Russian Supply Cuts for August
LONDON—Oil rose on Monday after top exporters Saudi Arabia and Russia announced supply cuts for August, overshadowing concern over a global economic slowdown and the potential for further increases to U.S. interest rates. Saudi Arabia on Monday said it would extend its voluntary cut of one million barrels per day (bpd) for another month to…
World Stocks Firm, Nikkei Closes at 33-year Peak
July 3, 2023
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LONDON—World stocks rose to a two-week peak on Monday, with Japan’s Nikkei closing at its highest level in 33 years, drawing support from signs that cooling inflation might temper central banks’ appetite to further hike rates. European shares rallied, while U.S. equity futures pointed to a positive open for Wall Street which closes early ahead…
Stock Market Today: Another Rally Sends Wall Street Nearly 16 Percent Higher for the First Half of the Year
NEW YORK—Wall Street blazed to another rally Friday to close a winning week, month and first half of the year after reports suggested pressure on inflation may be easing. The S&P 500 climbed 1.2 percent to reach its highest level since April 2022. The Dow Jones Industrial Average rose 285 points, or 0.8 percent, and…
How Major US Stock Indexes Fared June 30
Wall Street rallied to cap a winning week, month and first half of the year after reports suggested pressure on inflation may be easing. The S&P 500 jumped 1.2 percent Friday to reach its highest level since April 2022. It surged 15.9 percent in the first half of the year. The Dow rose 0.8 percent…
Wall Street Opens Higher as Apple Hits Record High, Inflation Cools
June 30, 2023
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U.S. stocks opened higher on Friday, setting up Wall Street for a strong quarterly performance, as Apple shares hit record high and signs of easing inflation offered relief to investors worried about more interest rate hikes. The Dow Jones Industrial Average rose 147.50 points, or 0.43 percent, at the open to 34,269.92. The S&P 500…
Dollar Firm Ahead of PCE Numbers, Briefly Pokes Head Above 145 Yen
SINGAPORE/LONDON—The yen briefly weakened past the closely watched 145 per dollar level on Friday although traders’ fears of intervention by Japanese authorities kept it in check, while the dollar was also strong more broadly ahead of U.S. inflation data. Barring unexpected interventions, the day’s main event for FX markets is the U.S. personal consumption expenditure…
Oil Heads for 4th Straight Quarterly Decline
LONDON—Oil prices declined towards $74 a barrel on Friday and were on course for a fourth consecutive quarter of losses amid concerns over sluggish global economic activity and fuel demand. Benchmark Brent crude futures for September delivery were down 5 cents, or 0.1 percent, at $74.46 a barrel by 1120 GMT after earlier rising by…
Stocks Show Resilience to Wall of Rates and Inflation Worries
June 30, 2023
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LONDON—Global shares were steady on Friday as investors scrutinized inflation data from both sides of the Atlantic to cap a rollercoaster quarter for markets that upended bets on interest rates peaking. Oil was poised for its first monthly gain this year, as a big drawdown in U.S. oil stocks outweighed concerns that fuel demand will…
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