Wall Street's major indices fell after the S&P 500 and Nasdaq snapped a six-day winning streak after a series of encouraging economic data eased recession fears, while weak housing market data dampened sentiment. Equity markets came under some pressure after data showed that single-family home construction in the U.S. fell sharply in July, suggesting that … Read more
Wall Street's major indexes rose as retail sales for July pointed to robust consumer spending, allaying fears of a looming recession in the world's largest economy. All megacap and growth stocks recorded an increase, led by Tesla with an increase of 4.1 percent.
Wall Street's major indexes rose slightly in choppy trading after data showed inflation easing as expected, underpinning bets that the U.S. Federal Reserve is on track to begin its monetary easing cycle next month. Data from the U.S. Labor Department showed that consumer prices in the U.S. rose by 0.2 percent in July, as expected. … Read more
U.S. stocks opened higher as investors digested July producer price data.
Wall Street's major indexes are trading slightly lower as investors refrained from placing big bets ahead of a deluge of data later in the week focusing on U.S. consumer prices. Eight of the eleven major S&P sectors were in negative territory, with losses being highest in the real estate and consumer discretionary sectors.
Wall Street's major indices are set to post weekly losses, capping a turbulent week in which global markets were rocked by a sharp appreciation in the low-yielding yen and fears of a recession in the world's largest economy. Megacap and growth stocks recorded mixed performance: Alphabet lost over 1.0 percent, Amazon.com gained 0.6 percent.
U.S. stocks opened higher after jobs data suggested fears of a labor market collapse were overblown.
Wall Street's major indexes rose in volatile trading as investors sought bargains after a slump in the previous session. At the same time, dovish interest rate comments from Federal Reserve officials lifted sentiment. Most megacap and growth stocks, which collectively lost $200 billion (A$308 billion) in market value on Monday, gained, while Nvidia recovered 2.3 … Read more