Tag: stocks

Oil up More Than 1 Percent as Weaker Dollar Offsets China COVID-19 Concerns

November 1, 2022
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
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LONDON—Oil prices rose on Tuesday, recouping losses from the previous session, as a weaker U.S. dollar offset widening COVID-19 curbs in China that have stoked fears of slowing fuel demand in the world’s second-largest oil consumer. Brent crude for January delivery rose $1.38, or 1.49 percent, to $94.19 per barrel at 0951 GMT. The December…

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World Shares Advance, Shrugging Off Wall Street Retreat

November 1, 2022
Business & MarketsCompanieseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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BANGKOK—Hong Kong jumped more than 5 percent and other world markets also advanced after a survey of Chinese manufacturing showed activity has improved. U.S. futures and oil prices rose, while the euro gained but stayed below $1. The monthly manufacturing gauge from Caixin, a Chinese business news magazine, helped to counter renewed concerns about coronavirus…

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Investing: New Single-Stock ETFs Come With Plenty of Risk

October 31, 2022
BrightETFsinvestingpersonal financesingle-stockstocksUncategorized
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By Anne Kates Smith From Kiplinger’s Personal Finance The exchange-traded fund industry is nothing if not innovative. And if you’ve got a strong appetite for risk and a very short outlook, a host of new Exchange-Traded Funds (ETFs) will allow you to make outsize bets, up or down, on some of the market’s most meme-worthy stocks….

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Wall Street Opens Lower as Investors Await Fed Signal

October 31, 2022
Business & Marketseconomic policieseconomyinflationMarketsrecessionstocksUS
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Wall Street’s main indexes opened lower on Monday, capping a month dominated by mixed earnings reports and expectations of the U.S. Federal Reserve toning down its hawkish stance on inflation. The Dow Jones Industrial Average fell 107.53 points, or 0.33 percent, at the open to 32,754.27. The S&P 500 opened lower by 19.21 points, or…

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World Markets Mixed Ahead of Fed Rates Decision

October 31, 2022
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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BEIJING—World stock markets were mixed on Monday ahead of what is expected to be a Federal Reserve decision this week to raise interest rates again amid investor hopes the U.S. central bank will scale back plans for more increases. Germany’s DAX gained 0.2 percent to 13,269.55 and Britain’s FTSE 100 was flat at 7,049.25. In…

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Dollar Climbs Ahead of Busy Week for Central Banks

October 31, 2022
Business & Marketseconomic policieseconomyForexglobalinflationMarketsrecessionstocks
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SINGAPORE/LONDON—The dollar advanced on Monday, regaining some ground lost earlier in the month, at the start of a week packed with data releases and central bank rate setting meetings, including by the Bank of England and the Federal Reserve. The euro slid 0.5 percent to $0.9919, sterling lost 0.56 percent to $1.1549, and the dollar…

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Oil Falls on China COVID-19 Curbs and Weak Factory Data

October 31, 2022
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
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LONDON—Oil prices fell by more than $1 on Monday after weaker than expected factory activity data out of China and on concerns that the country’s widening COVID-19 curbs will curtail demand. Brent crude futures dropped $1.17, or 1.2 percent, to $94.60 a barrel by 0900 GMT, extending Friday’s 1.2 percent decline. U.S. West Texas Intermediate…

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Wall Street Rally Marks First Weekly Win Streak Since Summer

October 28, 2022
Business & MarketsMarketsstocksWall Street
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Technology stocks led a broad rally on Wall Street Friday, capping another strong week for the market, as investors welcomed solid profits from Apple and other companies. The S&P 500 rose 2.5 percent and posted its first back-to-back weekly gains since August. The Dow Jones Industrial Average rose 2.6 percent and the tech-heavy Nasdaq composite climbed…

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Wall Street Loses Over $200 Billion in Value After Report From Amazon

October 28, 2022
AmazonBusiness & MarketsCompanieseconomic policieseconomyinflationMarketsMedia & Big TechrecessionstocksUSUS News
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Over $200 billion in U.S. stock market value went up in smoke in extended trade on Thursday, after a weak forecast from Amazon added to a string of downbeat quarterly reports from Big Tech companies. Amazon’s stock tumbled 17 percent after the bell, wiping out $190 billion in market capitalization after the retail and technology…

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Nasdaq Opens Lower as Warnings From Amazon, Apple Weigh

October 28, 2022
Business & Marketseconomic policieseconomyinflationMarketsrecessionstocksUS
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The Nasdaq opened lower on Friday as gloomy forecasts from megacaps Amazon and Apple outweighed data that showed U.S. consumer spending increased more than expected in September. The Nasdaq Composite dropped 26.47 points, or 0.25 percent, to 10,766.20 at the opening bell. The Dow Jones Industrial Average rose 171.03 points, or 0.53 percent, at the…

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