NEW YORK—Wall Street edged lower Wednesday following a rally that had sent it roaring 16 percent higher for the year so far. The S&P 500 fell 8.77 points, or 0.2 percent, to 4,446.82 to drift lower from its highest level since April 2022. The Dow Jones Industrial Average dropped 129.83, or 0.4 percent, to 34,288.64,…
Stock Market Today: Wall Street Drifts Lower as Markets Worldwide Pull Back
How Major US Stock Indexes Fared July 5
Wall Street edged lower following a rally that sent it roaring 16 percent higher for the year so far. The S&P 500 slipped 0.2 percent Wednesday, edging down from its highest level since April 2022. The Dow fell 129 points, or 0.4 percent. The Nasdaq gave back 0.2 percent. Other markets around the world fell…
Dollar Steady Before Fed Minutes; Yen Hovers Near 145-Mark
LONDON—The U.S. dollar held steady against other major currencies on Wednesday as traders waited for minutes from the Federal Reserve’s last policy meeting that could offer clues to the outlook for interest rates. Australia’s dollar fell in line with the Chinese yuan after data showed China’s services activity expanded at the slowest pace for five…
Brent Dips as Economic Headwinds Outweigh Supply Cuts
LONDON—Oil benchmark Brent edged lower on Wednesday as concern over a global economic slowdown overshadowed supply cuts announced this week by top crude exporters Saudi Arabia and Russia. Brent crude was down 16 cents, or 0.2 percent, at $76.09 a barrel by 1045 GMT after falling more than $1 earlier in the session. The benchmark…
Shares Slip on China Growth Jitters as Fed Minutes Loom
July 5, 2023
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LONDON/SYDNEY—Global shares fell on Wednesday as fresh signs of China’s faltering economic recovery emerged, with traders awaiting U.S. Federal Reserve minutes and a key U.S. jobs report later in the week for clues to the central bank’s rate outlook. In quiet trade following the Independence Day holiday on Wall Street on Tuesday, European stocks slipped…
Yen Firms Amid Intervention Chatter, Trading Subdued on US Holiday
LONDON/SINGAPORE—The dollar fell slightly against the yen on Tuesday as markets remained on high alert for signs of Japanese intervention, but the broader market was placid with U.S. traders off for a public holiday. The greenback was down 0.18 percent at 1104 GMT to 144.44 yen, after rising 0.27 percent on Monday. However, the yen…
Oil Rises as Market Weighs Supply Cuts Against Gloomy Economic Outlook
LONDON—Oil prices ticked higher on Tuesday as markets weighed supply cuts for August by top exporters Saudi Arabia and Russia against a weak global economic outlook. Brent crude futures were up 85 cents, or 1.1 percent, to $75.50 a barrel at 0950 GMT. U.S. West Texas Intermediate crude was at $70.61 a barrel, up 82…
Stocks Drift as Investors Balance Peak Rate Hopes With Oil Price Rise
July 4, 2023
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LONDON/HONG KONG—Global stocks held steady on Tuesday, as investors balanced the inflationary force of rising oil prices with hopes that central banks would not over-tighten monetary policy into a potential recession. MSCI’s broadest index of world stocks, which rose almost 6 percent last month as the U.S. Federal Reserve paused its cycle of aggressive rate…
How Major US Stock Indexes Fared July 3
Stocks drifted higher Monday as momentum slowed on Wall Street following a powerful rally to start the year. The S&P 500 edged up 0.1 percent, rising to its highest level since April 2022. The Dow rose less than 0.1 percent. The Nasdaq composite rose 0.2 percent. Tesla rose after it said the number of vehicles…
Stock Market Today: Wall Street Tacks a Bit More to Its Big Run for the First Half of the Year
NEW YORK—Stocks edged higher in a shortened trading day Monday as momentum slowed on Wall Street following its powerful rally through the first half of the year. The S&P 500 rose 5.21 points, or 0.1 percent, to 4,455.59 and reached its highest level since April 2022. The Dow Jones Industrial Average gained 10.87, or less…
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