Tag: stocks

Oil Prices Rise Ahead of OPEC+ Meeting on Strong Demand

October 4, 2022
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesMarketsOilstocks
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LONDON—Oil prices rose on Tuesday on strong demand, while upcoming sanctions on Russian oil also lent some support to prices. Brent crude was up 79 cents, or 0.9 percent, to $89.65 per barrel by 1054 GMT after gaining more than 4 percent the previous day. U.S. crude futures rose 60 cents, or 0.7 percent, to…

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Stocks and the Pound Rally After UK’s Tax U-turn Injects Some Confidence

October 4, 2022
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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LONDON—Global stocks rallied for a second day on Tuesday, after Britain’s decision to ditch part of a controversial tax-cut plan and slightly paler expectations for aggressive central bank action returned some confidence to investors. UK Finance Minister Kwasi Kwarteng on Monday announced the government would back down on reversing a tax break for top earners…

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Wall Street Soars to Best Day Since Summer, S&P 500 Up 2.6 Percent

October 3, 2022
Business & MarketsMarketsOilstocksWall Street
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NEW YORK—Wall Street soared to its best day in months Monday in a widespread relief rally after some unexpectedly weak data on the economy raised the possibility that the Federal Reserve won’t have to be so aggressive about hiking interest rates. The S&P 500’s leap of 2.6 percent was its biggest since July, the latest…

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How Major US Stock Indexes Fared Monday (Oct. 3, 2022)

October 3, 2022
BrightBusiness & MarketsDow Jones industrial averageinvestingMarketsNASDAQpersonal financestocksWall Street
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Wall Street rallied to its best day since late July as falling bond yields eased some of the pressure that’s battered markets. The S&P 500 rose 2.6 percent Monday, the latest swing for a scattershot market that’s been mostly falling this year on worries about a possible global recession. Treasury yields fell after a report…

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Superbubble’s Final Act? Or Is This Time Different?

October 3, 2022
bear marketbubbleBusiness & MarketsBusiness ColumnistscorrectioncryptocurrencyeconomyinflationMarketsOpinionrecessionstocksUSViewpoints
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Commentary Is this the “Superbubble’s Final Act?” Such was a fascinating piece of commentary recently from Jeremy Grantham, famed investor and co-founder of GMO, who wrote: “Only a few market events in an investor’s career matter; among the most important of all are superbubbles. These superbubbles are events unlike any others: while there are only a…

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Investing: Big Tech Is a Big Bargain Now

October 3, 2022
Brightinvestingpersonal financestock marketstocks
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By James K. Glassman From Kiplinger’s Personal Finance It has been a rough year for the stock market but even more so for Mega Four tech stocks: Apple, Microsoft, Alphabet, and Amazon.com. Over the past five years, their share prices have more than tripled, and each has a market cap of more than a trillion…

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Wall Street Starts Fourth Quarter on a High Note

October 3, 2022
Business & Marketseconomic policieseconomyinflationMarketsrecessionstocksUS
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Wall Street’s main indexes advanced on Monday after sharp declines last week although losses in Tesla Inc. capped the gains for growth and tech-heavy Nasdaq after the world’s most valuable electric-vehicle maker missed quarterly delivery targets. The Dow Jones Industrial Average rose 129.74 points, or 0.45 percent, at the open to 28,855.25. The S&P 500…

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Sterling Helped by Tax Cut U-turn, Yen Steadies Past 145 per Dollar

October 3, 2022
Business & Marketseconomic policieseconomyForexglobalinflationMarketsrecessionstocks
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SINGAPORE/LONDON—Sterling rose on Monday after Britain reversed a plan to cut the highest rate of income tax, while the yen weakened past 145 per dollar, near the level where Japanese authorities intervened last month. The pound touched $1.128 after The UK’s prime minister Liz Truss Monday made a dramatic u-turn on plans to cut taxes for…

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Oil Jumps More Than $3 on Supply Concerns

October 3, 2022
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
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LONDON—Oil prices jumped by more than $3  on supply concerns on Monday. Brent crude futures rebounded $3.37, or 4 percent, to $88.51 a barrel by 1100 GMT. U.S. West Texas Intermediate crude was up 4.1 percent, or $3.29, at $82.78. Oil prices have tumbled for four straight months since June, as COVID-19 lockdowns in top energy…

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World Shares Mostly Lower as Recession Fears Deepen

October 3, 2022
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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BANGKOK—Shares dropped in Europe and Asia on Monday while oil prices surged more than $3 a barrel amid dire warnings over energy shortages in Europe if Russia cuts off gas supplies. Germany’s DAX fell 1 percent to 11,998.26 while the CAC 40 in Paris shed 1.2 percent to 5,690.88. Britain’s FTSE 100 lost 0.8 percent…

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