Wall Street’s main indexes opened lower on Tuesday as investors positioned themselves for new economic projections and another large interest rate hike by the U.S. Federal Reserve this week to quell decades-high inflation. The Dow Jones Industrial Average fell 131.2 points, or 0.42 percent, at the open to 30888.53. The S&P 500 fell 24.7 points,…
Dollar Firm as Markets Brace for Another Big Fed Rate Hike
TOKYO—The dollar remained firm near a two-decade high versus major peers on Tuesday as investors braced for another aggressive rate hike by the Federal Reserve as it battles to rein in overheated inflation. The dollar index, which measures the greenback against six counterparts, edged 0.09 percent higher to 109.64, stable for the moment after pulling…
Oil Prices Up but Expected Fed Rate Hike Paints Bearish Picture
September 20, 2022
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LONDON—Oil prices ticked up on Tuesday as OPEC and its allies keep producing less than their quotas, but were headed for a fourth monthly decline ahead of an expected further U.S. interest rate hike which may curb economic growth and fuel demand. Brent crude futures for November settlement were up 41 cents, or 0.5 percent,…
Stocks Muted, Sweden Kicks Off Salvo of Central Bank Hikes
September 20, 2022
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LONDON—Stocks were little changed on Tuesday as investors braced for more hefty interest rate hikes from central banks to quell inflation, with Sweden setting the tone ahead of its U.S., Swiss and British counterparts later in the week. The dollar was steady near a two-decade high versus major peers, crude oil prices were little changed,…
US Giant BlackRock Buys New Zealand ‘Virtual Power Plant’ for $60 Million
September 19, 2022
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U.S. investment giant BlackRock will buy New Zealand rooftop solar company solarZero, for NZ$100 million (US$60 million) as part of its wider clean energy push into the Asia-Pacific region. Founded in 2008, solarZero says it has built the region’s largest “virtual power plant” and installed systems on over 9,000 homes. The company’s business model is…
How Major US Stock Indexes Fared Monday Sept. 19, 2022
Stocks closed higher on Wall Street after swaying between small gains and losses much of the day as investors brace for another big interest rate increase this week from the Federal Reserve. The S&P 500 rose 0.7 percent on Monday. The Dow Jones Industrial Average and the Nasdaq also gained ground. Treasury yields moved higher….
US Stocks Rise Ahead of Expected Interest Rate Hike by Fed
A choppy day of trading on Wall Street ended with stocks closing higher Monday as investors brace for another big interest rate increase this week from the Federal Reserve. The indexes swayed between modest gains and losses for much of the day before a burst of buying in the final hour of trading. The S&P…
FedEx, Transports, Flash Bright Yellow to the Markets
Commentary FedEx, the global delivery and logistics company, withdrew its forward guidance after the market closed on Sept 15. The share price collapsed by more than 16 percent in after-hours trading. On Sept. 16, FedEx (FDX) shares opened sharply lower and closed down 21.4 percent by the time the market closed. To give you a…
Wall Street Slips on Aggressive Rate Hike Worries
Wall Street’s main indexes slipped for the third straight day on Monday led by declines in health care and energy stocks as investors worried that another massive interest rate hike by the Federal Reserve could tip the U.S. economy into a recession. Five of the 11 S&P 500 sectors were down in early trading. Health…
World Shares Slip as Markets Brace for More Rate Hikes
Shares opened lower in Europe after a day of declines for most Asian markets, as investors braced for another interest rate hike this week by the U.S. Federal Reserve. Britain was observing a day of mourning for Queen Elizabeth II. Japan’s markets were closed for a holiday. Germany’s DAX lost 0.3 percent to 12,701.41 while…
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