Tag: stocks

Gobal Shares Mixed Amid Speculation About Fed Rate Hike

TOKYO—Global shares were mixed Tuesday amid speculation about another interest rate raise by the U.S. Federal Reserve. Benchmarks in Asia finished lower in Japan, Australia, South Korea, and China, but European indexes were mixed, rising in France and Germany while falling in Britain. Oil prices rose. France’s CAC 40 added 0.2 percent in early trading…


Global Shares Mixed Amid Speculation About Fed Rate Hike

TOKYO—Global shares were mixed Tuesday amid speculation about another interest rate raise by the U.S. Federal Reserve. Benchmarks in Asia finished lower in Japan, Australia, South Korea, and China, but European indexes were mixed, rising in France and Germany while falling in Britain. Oil prices rose. France’s CAC 40 added 0.2 percent in early trading…


How Major US Stock Indexes Fared Monday Aug. 22, 2022

Stocks fell broadly on Wall Street, extending the market’s losses amid worries about inflation and the path ahead for the economy. The S&P 500 shed 2.1 percent Monday, its biggest drop since mid-June. Some 95 percent of stocks in the benchmark index lost ground. It finished in the red last week, breaking a four-week winning…


Wall Street Opens Lower as Rate Hike Worries Slam Growth Stocks

Wall Street’s main indexes opened lower on Monday, with the tech-heavy Nasdaq leading losses, as investors worried about hawkish signals from U.S. Federal Reserve policymakers in the face of slowing economic growth. The Dow Jones Industrial Average fell 120.15 points, or 0.36 percent, at the open to 33,586.59. The S&P 500 opened lower by 33.40…


Euro Back Below Parity Versus Dollar Again, Gas Crisis Weighs

LONDON—The euro briefly fell back below parity against a robust dollar on Monday and was languishing at five-week lows, weighed down by concern that a three-day halt to European gas supplies later this month will exacerbate an energy crisis. China’s yuan dropped to its lowest in nearly two years after the central bank cut key…


Oil Slumps on Fears Over Economic Slowdown, Stronger Dollar

LONDON—Oil prices slumped on Monday as investors were concerned that aggressive U.S. interest rate hikes might weaken the global economy and fuel demand while a stronger dollar also weighed. Brent crude futures for October settlement fell $1.60, or 1.6 percent, to $95.12 a barrel by 0900 GMT. U.S. West Texas Intermediate (WTI) crude futures for…


Shares Slide, Dollar Dominates as Rate Hike Fears Mount

SYDNEY/LONDON—Shares slipped on Monday and the dollar extended its climb amid angst over global growth as most central banks keep raising rates, while a modest easing by China served only to highlight troubles in its property market. U.S. Federal Reserve Chair Jerome Powell headlines a host of policy makers at Jackson Hole later in the…


Investing: How Many Stocks Should You Own?

By James K. Glassman From Kiplinger’s Personal Finance The U.S. market as a whole has produced average annual returns of about 10 percent over the past century, but it doesn’t go up 10 percent every year. In roughly one out of four years, it declines—sometimes a lot. History shows that markets bounce back. But enduring…


Ryan Cohen’s $60 Million Bed Bath U-Turn Triggers Meme Stock Investor Ire

Investors flooded social media platforms such as Reddit on Friday with criticism of Ryan Cohen’s sale of his stake in Bed Bath & Beyond Inc., blaming him for helping fuel a meme stock rally only to then walk away with a $60 million profit. The billionaire investor disclosed on Thursday he had sold his 9.8…


4 Walmart Analysts Raise Price Targets After Q2 Earnings Beat: ‘Leader and Market Share Gainer’

Walmart Inc. reported impressive second-quarter earnings growth and reiterated its full-year guidance. On Tuesday, Walmart reported second-quarter adjusted EPS of $1.77 on revenue of $152.8 billion. Both numbers exceeded consensus analyst estimates of $1.62 and $150.8 billion, respectively. Revenue was up 8 percent from a year ago. Walmart reported 6.5 percent U.S. same-store sales growth,…