Stocks end September down 9.3%, worst month since March 2020

Stocks end September down 9.3%, worst month since March 2020

NEW YORK — Wall Street closed out a miserable September Friday with the S&P 500’s worst monthly skid since March 2020, when the coronavirus pandemic crashed global markets. The benchmark index ended the month with a 9.3% loss and posted its third straight losing quarter. It’s now at its lowest level since November 2020 and … Read more

Russian stocks plunge to February invasion lows

Russian stocks plunge to February invasion lows

An activist participates in an unsanctioned protest at Arbat Street Sept. 21, 2022 in Moscow, Russia. The sign plays on the word mobilization as “No burial.” Contributor | Getty Images News | Getty Images Russian stocks fell sharply on Monday to reach their lowest point since Feb. 24, the day the first Russian troops entered … Read more

Fewer Americans file for jobless benefits again last week

Fewer Americans file for jobless benefits again last week

WASHINGTON — The number of Americans applying for unemployment benefits fell again last week to a four-month low even as the Federal Reserve continues its aggressive interest rate cuts to bring inflation under control. Applications for jobless aid for the week ending Sept. 10 fell by 5,000 to 213,000, the Labor Department reported Thursday. That’s … Read more

Treasury yields in focus after hot inflation reading

Treasury yields in focus after hot inflation reading

US Treasury yields continued to climb higher on Wednesday as investors digested the previous session’s dramatic market route triggered by a hot inflation reading. The yield on the 2-year Treasury, the part of the curve most sensitive to Fed policy, was trading 1 basis point higher at around 5:00 am ET to reach 3.773%, at … Read more

Wall Street points towards gains ahead of US inflation report

Wall Street points towards gains ahead of US inflation report

NEW YORK — Wall Street futures rose Tuesday ahead of new data expected to show that surging US inflation continues to ease, reducing pressure on the Fed to continue hiking interest rates. Before the opening bell, the benchmark S&P 500 index and the Dow Jones climbed 0.7%. Before markets open the US will release consumer … Read more

Stocks end broadly higher, breaking a 3-week losing streak

Stocks end broadly higher, breaking a 3-week losing streak

NEW YORK — Wall Street added to its recent gains Friday with a broad rally that broke the market’s three-week losing streak. The SThe &P 500 closed 1.5% higher, its third straight increase, and ended with a 3.7% gain for the week. That makes it the benchmark index’s best week going back to July. Big … Read more

The Other Doomsday Scenario Looming Over Markets

The Other Doomsday Scenario Looming Over Markets

Town James Mackintosh September 3, 2022 10:00 am ET List two articles (2 minutes) Do you think inflation is the biggest threat to your investments? Perhaps not: One fund manager that successfully navigated the past two major stock crashes is bracing for an awful end to the year because it fears the Federal Reserve’s quiet … Read more

The Fed must do two things to re-establish credibility, Allianz’s El-Erian says

The Fed must do two things to re-establish credibility, Allianz’s El-Erian says

Although it has now established more consistent messaging to the market, the US Federal Reserve needs to do two more things to re-establish its credibility, according to Mohamed El-Erian, chief economic advisor to Allianz. Fed Chairman Jerome Powell struck a hawkish tone during his speech at the Jackson Hole economic symposium last week, reinforcing the … Read more

Market players are starting to fear a major policy error from a central bank

Market players are starting to fear a major policy error from a central bank

A screen displays the Fed rate announcement as a trader works (inside a post) on the floor of the New York Stock Exchange (NYSE) in New York, June 15, 2022. Brendan McDermid | Reuters The US Federal Reserve last week struck a hawkish tone on combating inflation via monetary policy, but analysts are concerned about … Read more

Global stocks down after strong US jobs data

Global stocks down after strong US jobs data

BEIJING — Global stock markets declined Wednesday after strong US jobs data fueled expectations of more interest rate hikes and Chinese manufacturing activity weakened. London and Frankfurt opened lower. Shanghai, Tokyo and Hong Kong declined. Oil prices lost more than $1 per barrel. US government data Tuesday showed there were two jobs for every unemployed … Read more