NEW YORK—Stocks are off to a mixed start on Wall Street, keeping the market on track for a losing week after rallying for the first two weeks of the year. The S&P 500 was just barely higher in the early going Friday, and the tech-heavy Nasdaq composite was up 0.4 percent. The Dow slipped 0.1…
Wall Street Opens Mixed and Is Headed for a Losing Week
January 20, 2023
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Dollar Edges Higher as Economic Storm Clouds Gather
LONDON—The dollar hovered around seven-month lows on Friday as a slew of data feeds concern among investors that an economic slowdown could be unavoidable, while a bout of profit-taking forced the yen to retreat. The dollar edged up 0.2 percent against a basket of other major currencies to 102.17, holding narrowly above Wednesday’s seven-month lows….
Oil Heads for 2nd Week of Gains on China Demand Outlook
January 20, 2023
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LONDON—Oil rose on Friday and was heading for a second straight weekly gain, spurred largely by brightening economic prospects for China and resulting expectations of a boost to fuel demand in the world’s second-biggest economy. The lifting of COVID-19 restrictions in China is set to increase global demand to a record high this year, the…
World Markets Rise After Recession Fears Pull Wall Street Lower
January 20, 2023
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BEIJING—Shares were higher in Europe and Asia on Friday after Wall Street declined on worries that the U.S. economy is headed for recession. U.S. futures were little changed while oil prices advanced. Traders worry the Federal Reserve and central banks in Europe and Asia that have raised interest rates to cool economic activity and inflation…
Wall Street Opens Lower Amid Recession Worries
U.S. stock indexes opened lower on Thursday as recession worries resurfaced, while shares of Procter & Gamble fell as it warned of cost pressures. The Dow Jones Industrial Average fell 125.61 points, or 0.38 percent, at the open to 33,171.35. The S&P 500 opened lower by 17.02 points, or 0.43 percent, at 3,911.84, while the…
Dollar Slips After Weak Data While Yen Rebounds
SINGAPORE/LONDON—The dollar slipped on Thursday after a raft of data showed the U.S. economy is losing momentum, while the yen rebounded as traders continued to bet the Bank of Japan will shift away from ultra-loose monetary policy. U.S. data released on Wednesday showed retail sales fell by the most in a year in December and…
Oil Slips on Bearish US Data, Crude Stocks Build
January 19, 2023
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LONDON—Oil futures fell by about 1 percent on Thursday, extending losses from the previous day, as a surprise jump in U.S. crude stocks weighed on the market along with fears of a recession that were heightened by disappointing U.S. retail sales and output data. Brent crude futures lost 65 cents, or 0.8 percent, to $84.33…
Global Shares Lower After Biggest Wall Street Retreat of Year
January 19, 2023
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TOKYO—Global shares were mostly lower Thursday as investors grew cautious after Wall Street’s biggest pullback of the year. France’s CAC 40 lost 0.4 percent in early trading to 7,052.61, while Germany’s DAX edged down 0.5 percent to 15,106.21. Britain’s FTSE 100 fell nearly 0.6 percent to 7,787.49. The future for the Dow Jones Industrial Average…
Wall Street Has Biggest Pullback of the Year, Led by Tech
Wall Street had its biggest pullback of the year Wednesday after a broad slide for stocks wiped out much of the benchmark S&P 500 index’s gains from last week. The S&P 500 fell 1.6 percent after having been up as much as 0.6 percent in the early going. The Dow Jones Industrial Average lost 1.8 percent and…
Yen Lower as BOJ Sticks to Ultra-Easy Policy, Losses Trimmed
LONDON—The yen dropped against major currencies on Wednesday after the Bank of Japan maintained ultra-low interest rates, although it recovered some ground on expectations for tighter policy in the coming months. The central bank stunned the market in December by raising its cap on the 10-year yield to 0.5 percent from 0.25 percent, doubling the…
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