Tag: stocks

Oil Prices Tick Up in Volatile Trade as US Stocks Fall in Tight Market

October 19, 2022
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
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LONDON—Oil prices rose slightly on Wednesday amid plenty of caution as bullish signals like falling U.S. crude stocks and a generally undersupplied market were countered by bearish factors such as uncertain Chinese demand growth and falling gas prices. Brent crude futures for December settlement rose 60 cents, or 0.7 percent, to $90.63 a barrel by…

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Global Markets Mixed After Wall Street Bounce on Strong Profits

October 19, 2022
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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BEIJING—Global stock markets were mixed Wednesday after Wall Street rose on strong corporate profit reports. Paris, Frankfurt, and Tokyo advanced, while London, Hong Kong, and Shanghai declined. The yen stayed near a two-decade low near 149 to the dollar. Oil prices rebounded. The future for Wall Street’s S&P 500 index rose 0.3 percent after the…

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How Major US Stock Indexes Fared Tuesday Oct. 18, 2022

October 18, 2022
BrightBusiness & MarketsDow Jones industrial averageinvestingMarketsNASDAQpersonal financestocks
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Stocks rose on Wall Street, adding to weekly gains for major indexes that have been mired in a broad slump amid inflation and recession concerns. The S&P 500 rose 1.1 percent Tuesday. The Dow Jones Industrial Average and the Nasdaq also rose. The gains tempered from an earlier jump that sent almost all of the…

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Stocks Climb on Wall Street as Investors Focus on Earnings

October 18, 2022
Business & MarketsMarketsstocksWall Street
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Stocks closed broadly higher again on Wall Street Tuesday, adding to weekly gains for major indexes that have been mired in a broad slump amid inflation and recession concerns. The S&P 500 rose 1.1 percent, with roughly 90 percent of the stocks in the benchmark index notching gains. The Dow Jones Industrial Average rose 1.1…

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Bank of America Beats Profit Estimates as Interest Rates Climb

October 18, 2022
AMERICAbankBofABusiness & MarketsCompanieseconomic policieseconomyinfaltioninflationinterestMarketsratesrecessionresultsstocksUSUS News
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Bank of America Corp. on Monday reported a smaller-than-expected 9 percent drop in quarterly profit, as its interest income was bolstered by rising interest rates that offset a slump in investment banking. The U.S. Federal Reserve’s aggressive move to tighten monetary policy this year to tame inflation has boosted the amount that banks can earn…

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Wall Street Opens Higher as Goldman, J&J Results Lift Earnings Mood

October 18, 2022
Business & MarketsCompanieseconomic policieseconomyinflationMarketsrecessionstocksUS
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Wall Street’s main indexes opened higher on Tuesday as strong earnings from Goldman Sachs and Johnson & Johnson lifted hopes that upbeat corporate reports could soothe market worries of a potential recession due to rising inflation and interest rates. The Dow Jones Industrial Average rose 511.7 points, or 1.70 percent, at the open to 30,697.52….

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Sterling Pauses After UK Fiscal U-turn Rally, Yen Scrabbles Off 32-year Low

October 18, 2022
Business & Marketseconomic policieseconomyenergyForexglobalinflationMarketsrecessionstocks
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LONDON—Sterling paused on Tuesday, after surging almost 2 percent the day before, as improved investor sentiment sent the safe haven U.S. dollar lower against major peers following the UK’s dramatic U-turn on its fiscal plans. On Monday, new finance minister Jeremy Hunt scrapped most of Prime Minister Liz Truss’s economic plan and scaled back her…

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Oil Prices Fall on Fears of Economic Slowdown

October 18, 2022
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
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LONDON—Oil prices edged lower on Tuesday on fears of an economic slowdown and lower fuel demand from China as it persists with its stringent zero-COVID policy. Brent crude futures fell 41 cents, or 0.45 percent, to $91.21 a barrel by 0948 GMT while U.S. West Texas Intermediate (WTI) crude futures fell 41 cents, or 0.48…

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World Shares Mostly Gain After Rally on Wall Street

October 18, 2022
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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BANGKOK—Stocks were mostly higher in Europe and Asia on Tuesday, tracking the latest rally on Wall Street. U.S. futures advanced and the dollar was trading near 149 Japanese yen. A release of China’s most recent economic growth figures due out Tuesday was postponed, removing one factor that had been expected to drive trading. No specific…

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Top Morgan Stanley Strategist Says Stocks Are Ripe for Relief Rally, but Warns of Coming Bear Market

October 18, 2022
Business & MarketsCompanieseconomic policieseconomyinflationInvestmentMarketsMorgan StanleyrecessionS&P 500stocks
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A top Morgan Stanley strategist said that Wall Street is ripe for a short-term rally before falling deeper into a bear market. Shares in U.S based companies have been struggling since the start of the year, with the S&P 500 index on the verge of witnessing its biggest annual decline since the 2008 financial crisis….

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