LONDON—Global shares struggled for firm footing on Thursday as the dollar eased ahead of U.S. jobs data that could offer a steer on the outlook for interest rates, while oil prices stabilized near three-week highs after OPEC+ agreed to cut output. Investors are anxiously waiting for confirmation from Friday’s U.S. non-farm payrolls report of the…
Stocks Waver as Dollar Eases, Oil Steadies on OPEC+ Deal
October 6, 2022
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How Major US Stock Indexes Fared Wednesday Oct. 5, 2022
Stocks ended slightly lower on Wall Street as a gangbuster two-day rally ran out of gas. The S&P 500 ended 0.2 percent lower Wednesday after briefly heading into the green late in the day. Its early rally this week was the biggest since the spring of 2020, spurred in part by hopes a softening economy…
Stocks Slump as Wall Street’s Big Rally Fades, Yields Rise
NEW YORK—Wall Street is giving back some of its big gains from earlier in the week, as rising bond yields amp up the pressure on markets again. The S&P 500 was 1 percent lower early Wednesday. It’s coming off its best two-day rally since the spring of 2020, spurred in part by hopes a softening…
Dollar Rebounds as Investors Heed Hawkish Reminder From New Zealand
SYDNEY/LONDON—The dollar rose on Wednesday, a day after suffering its biggest one-day drop in more than two years, as the excitement of the previous day’s rally in stocks and risk friendlier currencies wore off. The dollar index was last up 0.54 perecnt to 110.77, after tumbling 1.3 percent on Tuesday. The index, which measures the…
Oil Maintains Most of Recent Gains Ahead of OPEC+ Meeting
LONDON—Oil inched lower on Wednesday after gains in recent days ahead of the OPEC+ producers’ meeting later in the day. Brent crude was down 23 cents, or 0.3 percent, at $91.57 a barrel at 0839 GMT while U.S. West Texas Intermediate (WTI) crude fell 32 cents, or 0.4 percent, to $86.20 a barrel. Both contracts…
Dust Settles on Stocks Surge, Oil Market Waiting for OPEC+ Supply Decision
October 5, 2022
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LONDON—World stocks clung to two-week highs on Wednesday, although another aggressive rate increase from New Zealand tempered the idea that central banks may be close to slowing down the pace of rapid monetary tightening. Oil prices were little changed before OPEC+ producers meeting after gaining more than 3 percent in the previous session. Asian shares rallied,…
How Major US Stock Indexes Fared Tuesday Oct. 4, 2022
October 4, 2022
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Stocks rose sharply again on Wall Street and clawed back more of the ground they lost in a miserable several weeks. The S&P 500 rose 3.1 percent Tuesday. The benchmark index has been rallying since hitting its lowest point of the year on Friday to close out a September slump. Other major U.S. indexes also…
Stocks Rise in Extended Rally, Clawing Back More Ground
The Dow Jones Industrial Average climbed more than 800 points and the S&P 500 had its best day in more than two years Tuesday as the market clawed back more of the ground it lost in a miserable several weeks on Wall Street. The S&P 500 rose 3.1 percent, its best day since May 2020,…
Nasdaq Jumps 2 Percent at Open as Treasury Yields Ease
The tech-heavy Nasdaq led Wall Street higher on Tuesday as easing U.S. Treasury yields boosted megacap growth and technology stocks, while investors awaited more economic data to gauge the Federal Reserve’s rate hike path. The Dow Jones Industrial Average rose 335.78 points, or 1.14 percent, at the open to 29,826.67. The S&P 500 opened higher…
Dollar Slips on Euro as Lower US Yields Give Markets a Breather
LONDON—The dollar slid on Tuesday, as U.S. Treasury yields paused in a relentless climb higher, providing brief relief to share markets and helping the euro in particular move further off multi-year lows. The Australian dollar was also in focus, sinking after the nation’s central bank surprised markets with a smaller-than-expected interest rate hike. The euro…
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