NEW YORK—U.S. stocks drifted lower Monday to start what could be a quiet stretch following their best week since March. The S&P 500 lost 8.58 points, or 0.2 percent, to 4,273.79. The Dow Jones Industrial Average fell 199.90, or 0.6 percent, to 33,562.86, while the Nasdaq composite slipped 11.34, or 0.1 percent, to 13,229.43. The majority…
How Major US Stock Indexes Fared June 5
U.S. stocks drifted lower to start what could be a quiet stretch following several weeks of gains. The S&P 500 fell 0.2 percent Monday. The Dow Jones Industrial Average lost 199 points, while the Nasdaq composite fell 0.1 percent. Treasury yields fell after a report said U.S. services industries grew by less than economists expected…
Wall Street Opens Muted as Investors Weigh Chances of June Rate Pause
Wall Street’s main indexes opened subdued on Monday after a solid rally last week, as investors assessed chances of the Federal Reserve pausing interest rate hikes at its upcoming policy meeting. The Dow Jones Industrial Average rose 8.37 points, or 0.02 percent, at the open to 33,771.13. The S&P 500 opened higher by 0.62 points,…
Dollar Edges Up as Markets Weigh Chances of Fed Rate Hike
LONDON—The dollar edged up against major peers on Monday, as markets priced in around a 1-in-4 chance of the U.S. Federal Reserve raising benchmark rates this month after robust jobs data on Friday. The dollar index—which tracks the greenback against six peers—came off the boil last week, after some Fed officials voiced a preference for…
Oil Rises on Saudi Plan to Deepen Output Cuts From July
LONDON—Oil prices rose by more than $1 a barrel on Monday after top crude exporter Saudi Arabia pledged to cut production by a further 1 million barrels per day (bpd) from July to counter macroeconomic headwinds that have depressed markets. Brent crude futures were up $1.72, or 2.3 percent, at $77.85 a barrel by 0900…
Shares Stroll Higher on June Hike Hiatus Hopes
June 5, 2023
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SYDNEY/LONDON—Shares rose and the dollar firmed on Monday as investors bet the Federal Reserve would pause its rate hikes this month after a mostly encouraging U.S. jobs report, while oil prices jumped after Saudi Arabia pledged big output cuts. The benchmark European STOXX index climbed 0.18 percent in early trading, led by gains in the…
Stock Market Today: Wall Street Leaps After Strong Jobs Report, Dow Rallies 701
NEW YORK—Stocks rushed higher Friday after a strong report on the U.S. job market suggested a recession may not be as close as Wall Street had feared. The S&P 500 leaped 1.5% for the latest surge in a rally that’s vaulted it nearly 20% since mid-October. That put Wall Street’s main measure of health on…
How Major US Stock Indexes Fared June 2
Stocks rushed higher after a strong report on the U.S. job market eased Wall Street’s worries about a possible recession. The S&P 500 jumped 1.5 percent Friday, while the Dow soared 701 points. The rally brought the S&P 500 nearly 20 percent above a low hit in October. It’s on the edge of entering a…
Wall Street Opens Higher After Jobs Data; Debt Default Averted
U.S. stock indexes opened higher on Friday after data showed a moderation in wage growth in May boosted bets that the Federal Reserve will skip raising interest rates this month, while investors cheered the country averting a debt default. The Dow Jones Industrial Average rose 126.01 points, or 0.38 percent, at the open to 33,187.58….
Dollar Dips as Chances Grow for Fed ‘Skip’, Debt Bill Passes
LONDON—The dollar was heading for its largest weekly fall since mid-January on Friday as the view took hold among investors that the Federal Reserve will forgo an interest rate hike this month, which would diminish the greenback’s appeal to non-U.S. buyers. The U.S. Senate’s passage of a bill to suspend the debt ceiling and avert…
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