BEIJING—Global stock markets were mixed Thursday ahead of an update on the U.S. economy and a European Central Bank meeting that is expected to raise its key interest rate to a 13-year high to fight stubborn inflation. London and Hong Kong advanced, while Frankfurt, Tokyo, and Shanghai declined. Wall Street futures rebounded. Forecasters expect U.S….
Global Stocks Mixed Ahead of US GDP, Europe Rates Decision
Stocks End Mixed on Wall Street Amid Weak Tech Earnings
Weak quarterly results from several big technology companies weighed on stocks Wednesday, leaving major indexes mixed on Wall Street. The S&P 500 fell 0.7 percent after shedding an early gain, while the tech-heavy Nasdaq composite dropped 2 percent. The lower finish ended a three-day winning streak for both indexes. The Dow Jones Industrial Average ended…
How Major US Stock Indexes Fared Wednesday Oct. 26, 2022
Stock ended mixed on Wall Street as investors weighed the latest batch of earnings reports, including weak results from several heavyweight technology companies. The S&P 500 fell 0.7 percent Wednesday after shedding an early gain, and the tech-heavy Nasdaq fell 2 percent. The Dow ended just barely in the green, thanks in part to a…
Nasdaq Tumbles as Downbeat Tech Earnings Fuel Growth Fears
The tech-heavy Nasdaq index opened 2 percent lower on Wednesday as disappointing results and warnings from Microsoft and Alphabet sparked losses in megacap companies and raised fears of slowing economic growth. The Dow Jones Industrial Average fell 98.30 points, or 0.31 percent, at the open to 31,738.44. The S&P 500 opened lower by 33.14 points,…
Dollar Slides on Expectations of Less Hawkish Fed, Euro at 1-month High
LONDON—The euro climbed back above parity against the dollar for the first time in a month on Wednesday after poor U.S. economic data reinforced speculation that the Federal Reserve will slow its interest rate hikes, sending the greenback tumbling. The European common currency rose as high as$1.0048, the highest since Sept. 20, and was last…
Oil Prices Stable as Rising US Crude Stocks Balance Supply Concerns
LONDON—Oil prices were broadly stable on Wednesday, moving in and out of negative territory after industry data showed U.S. crude stockpiles rose more than expected last week, though supply concerns and a weaker dollar gave support. Brent crude futures for December were up 12 cents, or 0.1 percent, at $93.64 a barrel by 1045 GMT….
Global Stocks Higher on Hopes US Rate Hike Plans Will Ease
BEIJING—Global stock markets mostly gained Wednesday on hopes the Federal Reserve might ease off plans for interest rate hikes, while London opened lower after Britain installed its third prime minister this year amid an economic crisis. Other European markets gained. Shanghai, Tokyo, and Sydney closed higher. The euro edged above $1. The future for Wall…
UBS Plans More Share Buybacks as Wealth Management Shines
ZURICH—UBS struck a confident tone on Tuesday, reaffirming key financial targets and pledging more share buybacks next year, buoyed by higher interest rates and strong wealth management inflows. The world’s biggest wealth manager reported a smaller-than-expected 24 percent slide in third-quarter net profit, with lower costs and rising interest income helping to mitigate the impact…
How Major US Stock Indexes Fared Tuesday Oct. 25, 2022
Stocks closed higher on Wall Street, marking the third straight gain for the S&P 500. The benchmark hadn’t been able to string together more than two gains in a row since mid-September. The gains Tuesday came as the flow of company earnings reports stepped up. The S&P 500 climbed 1.6 percent. The Dow Jones Industrial…
Stocks End Higher on Wall Street as Earnings Roll In
Wall Street notched more gains Tuesday, as major stock indexes rallied for the third day and Treasury yields fell again. The S&P 500 rose 1.6 percent, with roughly 90 percent of stocks in the index notching gains. The benchmark index hadn’t been able to string together more than two gains in a row since mid-September. The…
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