U.S. stock indexes opened lower on Thursday as worries of a global economic downturn from aggressive central bank rate hikes and risks of potential contagion from a turmoil in UK markets turned investors risk averse. The Dow Jones Industrial Average fell 170.0 points, or 0.57 percent, at the open to 29,513.73. The S&P 500 fell…
Sterling Volatile as PM Defends Plan, Euro Drops With Inflation Data in Focus
LONDON—Sterling and the euro fell on Thursday as Prime Minister Liz Truss defended her government tax-cutting budget, while relief at the Bank of England’s intervention in bond markets faded. Investors also awaited German inflation data. The British currency jumped the most since mid-June on Wednesday after the BoE announced an emergency bond-buying plan to shore…
Oil Rises Towards $90 on Production Cuts Caused by Hurricane Ian
September 29, 2022
admin
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
0 Comment
LONDON—Oil prices firmed on Thursday, erasing earlier losses, as oil production was shut down by Hurricane Ian in the Gulf of Mexico, though a stronger dollar and weak economic outlook kept a lid on gains. Brent crude futures rose 52 cents, or 0.6 percent, to $89.84 a barrel by 1027 GMT and U.S. crude futures rose by…
Global Stocks Fall After UK’s Truss Defends Tax Cuts
September 29, 2022
admin
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
0 Comment
BEIJING—European stocks tumbled Thursday and Asian markets were mixed after British Prime Minister Liz Truss defended a tax-cut plan that rattled investors. London’s market benchmark plunged 2.3 percent and Frankfurt lost 1.9 percent in early trading. Shanghai and Hong Kong also declined. Tokyo and Seoul advanced. The future for Wall Street’s benchmark S&P 500 index…
How Major US Stock Indexes Fared Wednesday Sept. 28, 2022
Stocks on Wall Street soared to their first gain in more than a week as some calm returns to financial markets around the world. The S&P 500 jumped 2 percent Wednesday for its best day in seven weeks. That snapped Wall Street’s longest losing streak since the coronavirus crash in February 2020. Bond markets globally…
The Reason That Good Economic News Is Bad for the Market
September 28, 2022
admin
Business & MarketsBusiness ColumnistseconomymarketMarketsOpinionrecessionstocksTreasury yieldU.S. economyUSViewpoints
0 Comment
Commentary Many of you may have noticed a recent trend whereby good economic news causes the stock market to fall. Theoretically, higher than expected gross domestic product (GDP), or lower than expected unemployment, would be good for the economy, corporate earnings, and the stock market. During normal times, and over the long run, that’s true….
Dow, S&P 500 Open Higher on Lower Yields, Apple Slides
September 28, 2022
admin
Business & MarketsCompanieseconomic policieseconomyinflationMarketsMedia & Big TechrecessionstocksUS
0 Comment
The Dow and the S&P 500 opened higher on Wednesday as easing Treasury yields gently lifted rate-sensitive growth stocks, but the gains were capped by losses in Apple Inc. after it dropped plans to boost iPhone production. The Dow Jones Industrial Average rose 63.9 points, or 0.22 percent, at the open to 29,198.92. The S&P…
Sterling Slides After BOE Jumps Into Gilt Market, Dollar Marches On
LONDON—Sterling tumbled again on Wednesday after the Bank of England (BOE) said it would step in to prop up the gilt market, the latest sign of nerves in financial markets which helped nudge the dollar to its latest two-decade peak. The BOE said it would buy as many long-dated government bonds as needed between now…
Oil Prices Stable as Soaring Dollar Offset by US Output Outages
September 28, 2022
admin
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
0 Comment
LONDON—Oil prices were broadly stable on Wednesday as pressure from a strengthening dollar and crude storage builds was offset by U.S. production cuts caused by Hurricane Ian. Brent crude futures were up 5 cents, or 0.06 percent, at $86.32 per barrel by 0937 GMT, while U.S. West Texas Intermediate (WTI) crude futures were down 9…
World Shares Sharply Lower After Wobbly Day on Wall Street
September 28, 2022
admin
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
0 Comment
TOKYO—World shares tumbled Wednesday after a wobbly day on Wall Street as markets churned over the prospect of a possible recession. U.S. futures and oil prices declined and China’s yuan weakened sharply. Trading has been volatile since the Dow Jones Industrial Average followed other major U.S. indexes into a bear market earlier this week. In…
-
Recent Posts
-
Archives
- May 2025
- April 2025
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- September 2013
- July 2013
- March 2013
- January 2013
- December 2012
- November 2012
- December 1
-
Meta