US stocks marched higher on Wednesday as Wall Street returned to rally mode while investors digested the latest Federal Reserve minutes to provide hints to future policy amid a shutdown-driven dearth of data. The Dow Jones Industrial Average (^DJI) turned roughly 0.2% higher on the heels of a losing day for the major gauges. The…
US stocks marched higher on Wednesday as Wall Street waited for the latest Federal Reserve minutes to provide hints to future policy amid a shutdown-driven dearth of data. The Dow Jones Industrial Average (^DJI) turned roughly 0.2% higher on the heels of a losing day for the major gauges. The S&P 500 (^GSPC) climbed 0.4%,…
By David Milliken and Phoebe Seers LONDON (Reuters) -Global financial markets could tumble if investors’ mood sours on the prospects for artificial intelligence or the independence of the U.S. Federal Reserve, the Bank of England warned on Wednesday. The BoE said share price valuations on U.S. stock markets were similar to those seen near the…
US stock futures ticked up as Wall Street eyes the release of minutes from the Federal Reserve’s September meeting. Futures attached to the Dow Jones Industrial Average (YM=F) inched up 0.1%, the S&P 500 (ES=F), and the tech-heavy Nasdaq 100 (NQ=F) rose 0.2%. Gold (GC=F) broke records Wednesday night as it breached the $4,000 an…
Gold futures (GC=F) soared to new all-time highs above $4,000 on Tuesday as investors piled into the precious metal amid a weakening dollar and growing expectations for more Federal Reserve rate cuts. Futures for the yellow metal are up more than 50% year-to-date, marking their highest return in a calendar year since 1979. Meanwhile, a…
Hong Kong stocks fell on Monday as the US government shutdown hit investor sentiment and spurred demand for haven assets like gold. The Hang Seng Index declined 0.7 per cent to 26,944.34 as of 11am local time, trimming some of the 3.9 per cent gain recorded last week. The Hang Seng Tech Index lost 1.5…
Wall Street’s attention in the week ahead will largely be fixed on a scheduled address from the Federal Reserve Chair, Jerome Powell, alongside the onset of the third quarter earnings season. Economic data, typically a key driver, will take a backseat due to ongoing delays caused by the US government shutdown. Mr Powell is due…
Investors largely shrugged off the start of the US government shutdown, with the major indexes continuing to notch record highs as Wall Street leaned on AI momentum and expectations for further easing of interest rates by the Federal Reserve. The stock market rally, led by large-cap tech, comes even as Washington gridlock delays critical economic…
The biggest story for investors in the week ahead will be all the stories that won’t be told. Should the government remain shut down, releases including the Census Bureau’s imports and exports figures, wholesale trade and inventories, and the key jobless claims numbers from the Labor Department will be delayed. And this after we already…
By Jamie McGeever ORLANDO, Florida (Reuters) -TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist Stock markets around the world leaped to new highs on Thursday, propelled by optimism around the AI boom and hopes for further U.S. interest rate cuts, as investors shrugged off the U.S. government shutdown…