The S&P 500 and the Nasdaq opened higher on Tuesday as investors digested a mixed bag of earnings reports, with Microsoft and Alphabet rising ahead of their results later in the day. The S&P 500 opened higher by 2.10 points, or 0.06 percent, at 3,799.44, while the Nasdaq Composite gained 44.35 points, or 0.40 percent,…
S&P 500, Nasdaq Rise at Open Amid Mixed Earnings Reports
October 25, 2022
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Business & MarketsCompanieseconomic policieseconomyinflationMarketsMedia & Big TechNASDAQrecessionstocksUS
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Sterling Rises as Sunak Prepares to Become PM, Euro Awaits ECB Hike
LONDON—Sterling rose on Tuesday supported by improved risk sentiment as Rishi Sunak prepared to become Britain’s prime minister, while the euro steadied ahead of an expected rate hike by the European Central Bank (ECB) on Thursday. The U.S. dollar edged up but was not far from its lowest level in October amid signs Federal Reserve…
Oil Falls by More Than $1 Per Barrel as Demand Fears Linger
October 25, 2022
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Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
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LONDON—Oil prices fell by more than $1 per barrel on Tuesday as bearish economic data from key global economies heightened demand fears. International benchmark Brent crude futures fell by $1.30 to $91.96 per barrel by 1117 GMT, after easing 0.3 percent in the previous session. U.S. West Texas Intermediate crude futures for December delivery fell…
World Shares Mostly Slip as Investors Eye Corporate Earnings
October 25, 2022
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Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocksUncategorized
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BANGKOK—Shares were mostly lower in Europe and Asia on Tuesday as investors geared up for a slew of corporate earnings reports. U.S. futures edged 0.1 percent higher but oil prices fell back. In London, the FTSE 100 fell 0.6 percent to 6,972.74 as Britain’s third prime minister this year, Rishi Sunak, prepared to take office…
How Major US Stock Indexes Fared Monday Oct. 24, 2022
Stocks shook off an early bout of unsettled trading and ended higher ahead of a heavy week of earnings from big tech companies. Alphabet, Amazon, Apple and Facebook parent Meta are all reporting their latest results this week, as are Coca-Cola and General Motors. The S&P 500 rose 1.2 percent Monday. The Nasdaq and the…
US Stocks March Higher Ahead of Tech-Heavy Earnings Week
Stocks shook off a shaky start and closed higher Monday, extending their gains from last week, as investors geared up for a heavy week of earnings from big technology companies. The S&P 500 rose 1.2 percent, with technology, health care and financial stocks accounting for a big share of the gains. Only materials and real…
Hong Kong Stocks Head for Worst Slide Since 2008 as Xi’s Tighter Grip on Power Alarms Investors
Stocks at the Hong Kong exchange suffered one of their worst days in a long time after the National People’s Congress of China confirmed Xi Jinping for a historic third five-year term as the party leader. Hong Kong’s Hang Seng Index fell by 6.3 percent on Monday, to its lowest level since April 2009. The…
Wall Street Opens Higher as Bond Yields Retreat
Wall Street’s main indexes opened higher on Monday as Treasury yields eased on hopes of a less aggressive Federal Reserve, while investors braced for a busy week of earnings dominated by big technology companies. The Dow Jones Industrial Average rose 104.76 points, or 0.34 percent, at the open to 31,187.32. The S&P 500 opened higher…
Dollar Shrugs Off Suspected Japan Intervention; Pound Eyes UK Politics
LONDON—A blast of suspected intervention by the Bank of Japan (BOJ) on Monday to boost the yen did little to tame the dollar, while the pound see-sawed as former finance minister Rishi Sunak emerged as the front-runner to be the next British prime minister. The yen hit a low of 149.70 per dollar overnight before…
Oil Prices Drop as China Demand Data Disappoints
October 24, 2022
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Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
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LONDON—Oil prices slid 2 percent on Monday after Chinese data showed that demand from the world’s largest crude importer remained lacklustre in September as strict COVID-19 policies and fuel export curbs depressed consumption. Brent crude futures for December settlement fell $1.67, or 1.8 percent, to $91.83 a barrel by 0855 GMT after rising 2 percent…
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