S&P 500, Nasdaq fall, Tech shares lost gains
S&P 500 and Nasdaq gave up early gains to drop on Wednesday as technology stocks reversed course, while investors awaited inflation data and the Federal Reserve’s policy meeting next week.…
Market
Wall Street: Crude prices rise after OPEC+ cuts
World markets retained a warm afterglow from Friday’s shining U.S. employment reading, with only minor gains in crude oil prices on Saudi Arabia’s output cut clouding the picture. A forecast-busting…
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Wall Street rallies after strong jobs report
U.S. stock indexes rose on Friday after a moderation in wage growth in May boosted bets that the Federal Reserve will skip raising interest rates this month, while investors cheered…
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US employers added a strong 339K jobs in May
The nation’s employers stepped up their hiring in May, adding a robust 339,000 jobs, well above expectations and evidence of strength in an economy that the Federal Reserve is desperately…
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World, Wall Street rise; Fed to ease rate hikes
The Federal Reserve signals that it will forgo an interest rate hike this month, which led Global stock markets and Wall Street futures rising Friday. The U.S. Senate’s passage of…
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AI Chips are hot; Why investors see Gold
The hottest thing in technology is an unprepossessing sliver of silicon closely related to the chips that power video game graphics. It’s an artificial intelligence chip, designed specifically to make…
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Wall Street drifts as reports show split economy
The Dow fell on Thursday after dismal earnings from Salesforce tempered optimism sparked by passage of a bill by lawmakers to suspend the nation’s debt ceiling and bets that the…
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Global shares rise after House OKs debt deal
Asia-Pacific markets were mostly higher on Thursday after the bill to raise the U.S. debt ceiling was passed in the House of Representatives, advancing it to the Senate just days…
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Fed’s likely to skip interest rate hike in June
Federal Reserve officials including the vice chair-designate pointed towards a rate hike “skip” in June, prompting a quick reversal of market expectations for another hike as the U.S. central bank…
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Global markets shaky ahead of US debt vote
With the U.S. debt ceiling saga heading to Congress vote, the state of the global economy hoves back into view – with contrasting interest rate pictures that saw the dollar…
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Consumer confidence declines again in May
U.S. consumer confidence slipped to a six-month low in May as Americans’ assessment of the labor market softened, but more households planned to purchase motor vehicles and other big-ticket items…
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