Global stock markets faced a downturn for the third straight session on Thursday, as recent U.S. economic data depicted a steady labor market while highlighting challenges in controlling inflation. The Labor Department reported a decline in initial unemployment claims, coming in below economists’ expectations at 217,000 for the last week. Inflation concerns mounted with…
Wall Street moved slightly on Wednesday after fresh inflation data aligned with expectations, leaving investors anticipating further economic support through another interest rate cut next month. The S&P 500 remained nearly unchanged, while the Dow Jones inched up by 66 points, or 0.1 percent, and the Nasdaq slipped by 0.2 percent in morning trading. Elsewhere,…
(Bloomberg) — The Treasury market turbulence that followed Donald Trump’s victory has JPMorgan Asset Management’s bond chief warning that yields could return to a level that might endanger the stock market’s record run. Most Read from Bloomberg Bond prices tumbled dramatically immediately after Trump’s win this week, fanned by speculation the Republican will reignite inflation…
By Harry Robertson and Naomi Rovnick LONDON (Reuters) – Investors globally are piling into the U.S. dollar and betting on rising volatility ahead of a crucial two weeks in which the United States and Japan elect leaders, three major central banks decide on interest rates and the new UK government presents its budget. The U.S….
US stocks edged up before the bell on Friday as Treasury yields tipped lower, but with markets still on track for weekly losses with earnings season well underway. S&P 500 futures () rose roughly 0.2%, after the benchmark snapped a three-day losing streak as Tesla (TSLA) soared post-earnings. Dow Jones Industrial Average futures () added…
Topline Stocks tumbled Monday as the market digested new risks complicating the benefits of the much-awaited interest rate cuts on the equity market. Traders work the floor of the New York Stock Exchange. AFP via Getty Images Key Facts The Dow Jones Industrial Average fell 0.9%, or 398 points, while the benchmark S&P 500 and…