Investors reacted positively to a strong U.S. retail sales report on Tuesday, but there has been a historic divergence between consumer sentiment and consumer behavior. The Numbers On Tuesday, the Commerce Department reported U.S. retail sales grew 1.7 percent in October, ahead of analyst estimates of 1.5 percent growth. The stronger-than-expected spending numbers come the…
US Retail Sales at All-Time Highs, but Consumer Sentiment Hits 10-year Low
Dollar Dips From 16-Month Highs as Rally Takes a Pause
LONDON—The dollar slipped back from a 16-month peak on Thursday, losing ground on the euro and Australian and New Zealand dollars as traders assessed whether the U.S. currency’s recent surge was starting to stall. The dollar has rallied in recent weeks as traders bet on tighter U.S. monetary policy. Stronger-than-expected inflation numbers in the United…
Global Shares Mixed After US Stocks Fall Back
TOKYO—Global shares were mixed Thursday after stock indexes shuffled lower on Wall Street. France’s CAC 40 edged up nearly 0.2 percent in early trading to 7,167.47. Germany’s DAX gained 0.2 percent to 16,275.17. Britain’s FTSE 100 fell 0.2 percent to 7,277.41. The future for the Dow industrials was trading 0.2 percent higher, while the future…
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…
Asian Shares Slip After Biden-Xi Talks, Global Shares Mixed
Global shares were tangled on Nov. 17 yet Asian shares failed to see market-boosting news following virtual talks between U.S. President Joe Biden and Chinese leader Xi Jinping. At a three-hour meeting on Nov. 15, the two leaders dialed down some of the heat in Sino-U.S. tensions, though both sides held to entrenched positions on…
Wall Street Opens Lower as Nvidia Weighs
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,…
Bitcoin Slips Below $60,000 for the First Time in More Than Two Weeks
Bitcoin, the world’s biggest and best-known cryptocurrency, slipped below $60,000 on Tuesday, taking losses from a record high of $69,000 struck on Nov. 10 to more than 12 percent. Bitcoin was down 5 percent at $60,391.3 at 1253 GMT, after earlier falling as much as $58,563, its lowest since Oct. 28, while Ether, the second-biggest…
Dollar Near 16-Month High Versus Euro Ahead of US Retail Sales Data
LONDON—The dollar held just below a 16-month high versus the euro on Tuesday, while the yuan reached its strongest in more than five months as markets welcomed dialogue between the U.S. President and Chinese leader. U.S. President Joe Biden and Chinese leader Xi Jinping stressed their responsibility to the world to avoid conflict, in talks…
Stock Markets March on as Biden-Xi Talks Lift Sentiment
LONDON—Global stock markets marched on towards new peaks on Tuesday as U.S. President Joe Biden and Chinese leader Xi Jinping held over three hours of virtual talk, helping to nudge China’s yuan to a five-month high and pulling the dollar lower. The closely watched conversation between the leaders of the world’s biggest economies appeared to…
Futures Rise on Tech Strength; Tesla Extends Losses
U.S. stock index futures rose on Monday as major technology stocks advanced, while investors awaited a slew of retail earnings and economic data this week to gauge the health of consumer spending. The three major Wall Street indexes had fallen between 0.3 percent and 0.7 percent last week on concerns over high inflation and weakening…
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