Wall St slides as rising Treasury yields snuff out stock rally

Wall St slides as rising Treasury yields snuff out stock rally

Wall Street fell on Wednesday as a two-day rally in US stocks was cut short by rising Treasury yields after data showed firm demand in the labor market despite rising interest rates. The benchmark S&P 500 index has gained 4% so far this week as yields fell for two straight sessions on softer US economic … Read more

US Stock Market Today: Are the bulls staging a comeback on Wall Street?

US Stock Market Today: Are the bulls staging a comeback on Wall Street?

Thanks to a weaker dollar and falling government bond yields, the US stock futures are trading higher on Tuesday. Ahead of Tuesday’s opening bell, Dow Jones futures were trading 1.37% higher, while S&P 500 futures gained 1.37% and Nasdaq Composite futures moved up 2.04%. The S&P 500 and Nasdaq Composite had jumped 2.59% and 2.27 … Read more

Global Markets: Stocks, bonds rally as investors spy possible central bank ‘pivot’; pounds

Global Markets: Stocks, bonds rally as investors spy possible central bank ‘pivot’;  pounds

Global stocks and bond prices rallied on Tuesday, buoyed by a growing belief among investors that central banks may be on the verge of shifting down a gear in their quest to fight inflation, while UK assets benefitted from a government U-turn on tax cuts. A number of factors have helped douse some of the … Read more

market outlook: Ahead of Market: 10 things that will decide D-St action on Tuesday

market outlook: Ahead of Market: 10 things that will decide D-St action on Tuesday

NEW DELHI: Tracking weak global cues, Indian equity markets remained under pressure on the first trading day of the new quarter. Nifty ended the session lower by over 200 points, while Sensex ended with a cut of over 600 points at 56,788. Meanwhile, broader markets tumbled in line, with Nifty Midcap 100 losing over 1%. … Read more

US stock market sheds over 8% in September

US stock market sheds over 8% in September

The US stock market’s weakest month of the year is typically September. In the past, September has never been kind to stock market investors, making it the worst month overall. The performance of the US stock market in September 2022 followed previous trends accurately. Wall Street key indices ended the month showing further weakness in … Read more

Stocks close out tough quarter on economic fears

Stocks close out tough quarter on economic fears

LONDON ― European markets advanced on Friday, gaining some respite from a torrid week as the third quarter drew to a close. The pan-European Stoxx 600 added 0.9% in early trade, with oil and gas stocks climbing 1.8% to lead gains as most sectors and major bourses entered positive territory. Autos bucked the positive trend … Read more

Wall Street nosedives on mounting economic growth concerns

Wall Street nosedives on mounting economic growth concerns

Wall Street tumbled on Thursday on worries of a global economic downturn from aggressive central bank policy and fears that a rout in global currency and debt markets could spill over to stocks. The Nasdaq fell 3% due to losses in megacap growth names such as Amazon.com Inc, Apple Inc, Microsoft Corp, Meta Platforms Inc … Read more

market outlook: Ahead of Market: 10 things that will decide D-St action on Thursday

market outlook: Ahead of Market: 10 things that will decide D-St action on Thursday

New Delhi: Bears continued to dominate the D-Street on Wednesday as the benchmark indices plunged for the sixth straight session. Nifty and Sensex dropped around 0.9 per cent each. Broader markets largely outperformed, with Nifty Midcap 100 ending lower by 0.3 per cent. Sectorally, all indices, barring auto, IT and pharma, ended in the red. … Read more

Wall street: US stocks rebound after Dow enters bear market

Wall street: US stocks rebound after Dow enters bear market

Wall Street’s main indexes opened higher on Tuesday, after five sessions of relentless selling on worries of a rate-hike induced economic slowdown. The Dow Jones Industrial Average advanced 328 points, or 1.1%. The S&P 500 gained 1.5%, and the Nasdaq Composite rose 2%. Rate-sensitive growth shares led the advance in premarket trading, a day after … Read more

Goldman Sachs begins layoffs, targeting mid-level bankers

Goldman Sachs begins layoffs, targeting mid-level bankers

Goldman Sachs has begun laying off workers across the US — and the Wall Street giant is focused on culling mid-level investment bankers amid a downturn in dealmaking as the economy slows, according to a report. Last week, Goldman laid off nearly a dozen bankers in the prestigious technology, media and telecommunications division alone, according … Read more