The Asian stock market was on track for strong weekly gains on Friday, supported by growing expectations of near-term Federal Reserve rate cuts, which helped offset concerns over a U.S. government shutdown. Despite its impact, including the suspension of scientific research, financial oversight and delays in key economic releases such as Friday’s jobs report, investors…
Stock indexes slipped on Tuesday as Wall Street took a pause from its relentless rally. The Standard & Poor’s 500 dipped 0.6%. The Dow Jones industrial average dropped 88 points, or 0.2%, and the Nasdaq composite sank 0.9%. It’s the first pullback for the indexes after the trio set all-time highs in each of the…
Asian markets were mixed Friday at the end of a strong week for investors following a US interest rate cut, with attention now turning to a call between Donald Trump and Xi Jinping due later in the day. Adding to selling pressure were expectations that Japan’s central bank would hike interest rates later this year,…
By Lewis Krauskopf NEW YORK (Reuters) – As the U.S. Federal Reserve restarts interest rate cuts, housing shares are one of the areas of the stock market that may benefit, and they have perked up in recent weeks as markets priced in more monetary easing. On Wednesday, the U.S. central bank lowered its benchmark rate…
Economists at Canada’s banks have locked in their forecasts for today’s BoC rate decision. Many say Tuesday’s Consumer Price Index (CPI) reading from Statistics Canada did not move the needle on their prediction. “We continue to think the Bank of Canada’s decision tomorrow will be a close call between a 25 basis point cut to…
“ US stock futures crept down as traders awaited the conclusion of the Federal Reserve’s two-day policy meeting, which is widely expected to to feature the first interest rate cut of 2025. “ Futures attached to the Dow Jones Industrial Average (YM=F), the benchmark S&P 500 (ES=F), and the tech-heavy Nasdaq 100 (NQ=F) all slipped…
NEW YORK — U.S. stocks edged back from their record heights Tuesday as the countdown ticked toward what Wall Street expects will be the first cut of the year to interest rates by the Federal Reserve. The Standard & Poor’s 500 index fell 0.1% from its latest all-time high. The Dow Jones industrial average dropped 0.3%, while…
Americans still opened their wallets last month, despite persistent fears about the economy, a slowing labor market and higher tariffs. Spending at US retailers rose 0.6% in August, the Commerce Department said Tuesday, unchanged from July’s upwardly revised 0.6%. Last month’s figure came in much better than economists’ expectations of a 0.2% increase, according to…
Earnings are strong. The US economy is holding steady. Fed rate cuts are coming. Nothing looks like it could go wrong in the stock market now. That, at least, is what investors seem to think, with major indexes breaking fresh records this week as traders took in tame inflation data and grew more confident in…
NEW YORK — Wall Street inched to more records on Wednesday following a surprisingly encouraging report on inflation and a stunning forecast for growth from Oracle because of the artificial intelligence boom. The Standard & Poor’s 500 rose 0.3% and set an all-time high for a second straight day. The Dow Jones industrial average dropped 220 points,…