The main indexes temporarily tumbled after Fed Chair Powell said interest rates could stay higher for longer.
Analysts expect the headline rate of inflation for March to ease to 3.2 per cent from 3.4 per cent, when new figures are published this week.
Equities rallied on easing geopolitical tensions, upcoming quarterly results.
US stocks searched for direction on Tuesday as the Dow looked to snap a
The property and casualty insurer posted a bottom-line miss as catastrophe losses spiked.
Micro Trumps Macro As Stocks Shrug Off Week Of Higher Inflation, Higher Rates, & Lower Growth It was an ugly macro week Source: Bloomberg and worse still, 'growth' surprises disappointed significantly while 'inflation' surprises surprised to the upside significantly Source: Bloomberg Soaring inflation expectations sent rate-cut expectations to new cycle lows Source: Bloomberg pushing yields higher across the board (led by the long-end) Source: Bloomberg But, stocks...
Tesla Inc. shares are down 3.9% in Thursday morning trading after a Deutsche Bank analyst downgraded them to hold from buy, and they're on track to log their fifth session in a row of losses. That would make for Tesla's longest losing streak since the stock fell for six trading days in a row during
Stock market today: Dow snaps 6-day losing streak, Powell warns on inflation
U.S. stocks ended mixed on Tuesday after a volatile session fueled by rising bond yields and fears that the Federal Reserve may need more time before it can pivot to rate cuts. The Dow Jones Industrial Average rose about 63 points, or 0.2%, closing near 37,798, well off the session's high. The
U.S. stocks fell sharply following a mixed start to earnings reporting season. The S&P 500 sank 1.5% Friday. The Dow dropped 1.2%, and the Nasdaq composite fell 1.6% from its
With the stock market rally at its most fragile stage in months, big tech earnings, a reading on economic growth and a fresh inflation print are set to greet investors in the week ahead.
U.S. stocks slumped after higher yields in the bond market cranked up the pressure on Wall Street. The S&P 500 fell 1.2% Monday. The Dow Jones Industrial Average slipped 0.7%, and the Nasdaq composite dropped 1.8%. Stocks had been up earlier in the day, rising as oil prices eased. But Treasury yields also spurted higher following the latest report on the U.S. economy to blow past expectations. Financial markets are in an awkward phase where such strength raises hopes for growing profits at...