Wall Street futures were up, European stocks slipped, and the U.S. dollar held near monthly lows on Friday ahead of the much-anticipated release of the key non-farm payrolls report later in the day that could spur the Federal Reserve to an earlier tapering of stimulus. By 5:16 a.m. ET, Dow futures contracts were up 0.04…
Stock Futures Up, European Equities Down, Dollar Near Lows Ahead of Key Jobs Report
Lower Rents Bring New Innovators to New York City
September 3, 2021
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By Rodolfo Delgado After a year of stress and quarantine, I decided to go to Madison Square Park, my favorite park in the city, and start writing this piece from a bench. New York is far from dead. In the background, jazz music is playing, and people are dancing in the park. People that come here…
European Stocks Slip Ahead of PMI, US Jobs Data
September 3, 2021
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European stocks slipped on Friday ahead of U.S. employment data that could influence the Federal Reserve’s policy outlook, while fresh concerns about slowing Chinese growth dented the mood. The pan-European STOXX 600 index was down 0.2 percent by 0723 GMT but on track for small weekly gains. Rate-sensitive banks and financial services were among the…
S&P 500, Nasdaq Hit Record Highs on Boost From Tech, Oil Stocks
The S&P 500 and Nasdaq hit record highs on Thursday on gains in heavyweight technology and energy companies, as well as hopes that the Federal Reserve will maintain an accommodative policy amid signs that an economic recovery was slowing. The energy sector rose 3.1 percent, with oil majors Exxon Mobil, Chevron Corp, Schlumberger NV, and…
Stocks End With Tiny Gains, Enough to Nudge Nasdaq to Record
Stocks inched mostly higher on Wednesday, enough to nudge the Nasdaq composite index to an all-time high. Markets continue to remain quiet ahead of Friday’s jobs report and the Labor Day holiday in the United States on Monday. The S&P 500 index rose 1.41 points, less than 0.1 percent, to close at 4,524.09. The Dow…
Global Shares Climb Despite Weaker Economic Data From Asia
Global shares climbed on Sept. 1, in spite of data pointing towards fresh signs of an economic slowdown in Asian economies, while Wall Street futures pointed to early gains and the U.S. dollar remained largely flat after lifting off three-week lows. MSCI’s all-country world index climbed to its fourth intraday high in a row, while the…
Asian Stocks Follow Wall St Higher Amid Virus Uncertainty
BEIJING—Asian stock markets were mixed Wednesday as investors weighed the economic impact of the spread of the coronavirus’s Delta variant and Wall Street ended August with a gain for the seventh straight month. Shanghai and Hong Kong retreated while Tokyo and South Korea advanced. Wall Street’s benchmark S&P 500 declined 0.1 percent from the previous…
S&P, Nasdaq Post Record Closes on Dovish Fed Taper-Talk
The S&P 500 and Nasdaq topped their record closes once again on Monday, bolstered by technology stocks, as last week’s dovish comments from the Federal Reserve on tapering its monetary stimulus refocused investors’ minds on economic growth. It was the fourth record closing high in five sessions for the S&P, and the fifth in six…
Stocks Rise on Wall Street, Holding Near Their Record Highs
Stocks rose on Wall Street Monday and remained near record highs set last week after investors welcomed an update from the Federal Reserve. The central bank signaled that it will maintain low interest rates as the economy continues recovering from the pandemic. Markets have been choppy as investors tried to gauge how much and how…
S&P 500, Nasdaq Set for All-Time Closing Highs as Powell Sooths Taper Worries
NEW YORK—Wall Street advanced on Friday as Federal Reserve Chairman Jerome Powell’s remarks at the Jackson Hole Symposium calmed fears over the tapering timetable and sent investors into the weekend in a buying mood. All three major U.S. stock indexes extended their gains after Powell’s statement was released, and put the S&P 500 and the…
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