Tesla Inc.’s shares closed 2 percent lower on Thursday as a three-for-one stock split announced by the world’s most valuable automaker to woo retail investors came into effect. The stock opened at $302 and closed at $296.07 as the split allowed investors to get two additional shares for each they owned as of Aug. 17….
Wall Street Rallies as Countdown to Fed Speech Nears End
NEW YORK—Stocks rallied Thursday as the countdown clicked closer to zero for a highly anticipated speech about interest rates. The S&P 500 gained 58.35, or 1.4 percent, to 4,199.12 for its best day in nearly two weeks. Much of the lift came late in the day as traders made moves ahead of Friday morning’s speech…
How Major US Stock Indexes Fared Thursday Aug. 25, 2022
Stocks are closing higher on Wall Street, clawing back more of their recent losses, as the countdown clicks closer to zero for a highly anticipated speech about interest rates. The S&P 500 rose 1.4 percent Thursday. Stocks have wavered between gains and losses since tumbling Monday to their worst day in months, as traders hold…
Wall Street Ticks Up at Open With All Eyes on Jackson Hole Meet
Wall Street’s main indexes opened higher on Thursday, supported by megacap growth and technology stocks, while focus turned to the Federal Reserve’s annual Jackson Hole symposium for clues on the central bank’s monetary policy outlook. The Dow Jones Industrial Average rose 60.04 points, or 0.18 percent, at the open to 33,029.27. The S&P 500 opened…
Euro Bounces Back to Parity as Investor Sentiment Improves
August 25, 2022
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LONDON—The euro briefly rebounded back above parity with the dollar on Thursday as the U.S. currency’s recent rally ran out of steam and investors waited to see whether Federal Reserve Chair Jerome Powell would sound a more hawkish tone at a symposium this week. A more bullish mood across markets also helped the euro, as…
Oil Prices Steady as OPEC+ Mulls Supply Cut
LONDON—Oil prices steadied on Thursday as producer group OPEC+ raised the prospects of curbing oil supplies while the prospect of an agreement that could return sanctioned Iranian oil exports to the market weighed. Brent crude eased 2 cents to $101.20 a barrel by 1033 GMT, while U.S. West Texas Intermediate crude was down 22 cents,…
Stocks, Euro Edge Higher as Markets Watch Jackson Hole
August 25, 2022
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LONDON—Share markets pushed higher and Europe’s bond markets and euro stole a breather from energy-price driven sell-offs on Thursday, as investors waited to hear the latest reaction of the world’s top central bankers to soaring inflation. Asia had tailgated Wall Street higher overnight and Europe’s bourses did the same as oil and gas stocks made…
Texas Targets 10 Financial Companies, 340+ Funds Over ESG-Driven Fossil Fuel Divestment
August 25, 2022
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Texas State Comptroller Glenn Hegar on Aug. 24 released a list of ten financial companies and almost 350 funds said to be boycotting energy firms involved in fossil fuels, marking another advance in the war between individual U.S. states and the environmental, social, and governance (ESG) movement. The state comptroller must publish such a list…
Energy Bonanza Drives Shareholder Payouts to New Record
LONDON—Energy companies reaping record profits from soaring oil and gas prices have helped global dividend payments to shareholders soar above pre-pandemic levels and to a record quarterly high, data showed on Wednesday. Oil and gas firms, including state-controlled giants in Latin America, accounted for more than two-fifths of the growth in dividend payments in the…
Stocks Edge Higher as Wall Street Waits for Fed Speech
NEW YORK—Stocks ticked higher Wednesday as Wall Street waits for a highly anticipated speech about interest rates at the end of the week. The S&P 500 edged up 12.04 points, or 0.3 percent, to 4,140.77, as traders overall again held off on making big moves. The Dow Jones Industrial Average added 59.64, or 0.2 percent,…
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