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 Advance After Fed Steps Up Stimulus Pullback
December 16, 2021
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Asia & PacificAustraliaBusiness & EconomyBusinesses in COVID-19CCP VirusChinaChina Business & EconomyChina Human RightsChinese RegimeCompanieseconomic policiesEconomyEuropeExecutive BranchFedGold & CommoditiesHK BusinessHong KongIndiainflationInternationalInvestmentLocal NewsMarket WatchMarketsMedia & Big TechMiddle EastNew YorkNY NewsPoliticspullbackRegional-Local NewsSharesstimulustechnologyTexasUKUSUS NewsUS-China relationsWorld
Tech Slide Pulls S&P 500 Down for Its 5th Straight Loss
Wall Street capped a choppy day of trading Friday with another pullback for stocks and the S&P 500’s first weekly loss in three weeks. The benchmark index fell 0.8 percent, its fifth straight decline, and ended 1.7 percent lower for the holiday-shortened week. That’s it’s biggest weekly drop since June. The other major U.S. stock…
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