Wall Street capped a choppy week of trading Friday with a broad slide for stocks that left the major indexes in the red for the week. The S&P 500 closed 1.3 percent lower, breaking a four-week winning streak. Shares in more than 80 percent of the companies in the benchmark index fell, with technology stocks…
How Major US Stock Indexes Fared Friday Aug. 19, 2022
Technology stocks led Wall Street lower, leaving major indexes in the red for the week. The benchmark S&P 500 index gave back 1.3 percent Friday, breaking a four-week winning streak. The tech-heavy Nasdaq composite fell even more. The Dow Jones Industrial Average also fell. Meme stock Bed Bath & Beyond plunged after the high-profile activist…
Tech-Heavy Nasdaq Leads Wall Street Lower at Open
Wall Street’s main indexes opened lower on Friday after U.S. Federal Reserve officials said the central bank needs to keep raising interest rates to rein in inflation, dragging down megacap growth and technology stocks. The Dow Jones Industrial Average fell 94.35 points, or 0.28 percent, at the open to 33,904.69. The S&P 500 opened lower…
Russian Ruble Nears 4-week High Versus Dollar
August 19, 2022
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Business & Marketseconomic policieseconomyEuropeGold and CommoditiesMarketsRussiaRussia-Ukraine WarstocksWorld
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MOSCOW—The ruble firmed to a near four-week high against the dollar in early trade on Friday, supported by month-end tax payments that boost demand for the Russian currency, while shares in fertilizer producer Phosagro surged after strong results. At 0704 GMT, the ruble was 0.5 percent stronger against the dollar at 59.20 after briefly hitting…
Euro, Sterling Slip to Month Low on Renewed Growth Fears
August 19, 2022
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Business & Marketscryptocurrencyeconomic policieseconomyenergyForexglobalGold and CommoditiesinflationMarketsrecessionstocks
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LONDON—The euro and sterling slipped to a one-month low versus the safe-haven U.S. dollar on Friday with investors worrying about further economic slowdown after Federal Reserve officials reiterated the need for higher rates. The dollar index rose 0.2 percent to 107.69, after earlier touching 107.74, its highest since July 18. The gauge is on track…
Oil Headed for Weekly Loss as Recession Fears Cloud Demand Outlook
August 19, 2022
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LONDON—Oil prices slipped on Friday after two days of gains and are heading for weekly losses as a strong dollar and worries about a global economic slowdown weigh. Brent crude futures were down 97 cents, or 1 percent, at $95.62 a barrel by 0826 GMT. U.S. West Texas Intermediate crude was at $89.59 a barrel,…
Global Markets Lower After Wall Street Gains on Jobs Data
August 19, 2022
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Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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BEIJING—Global stock markets and Wall Street futures fell Friday after unexpectedly good U.S. jobs data left room for more interest rate hikes to cool inflation. London, Shanghai, Tokyo, and Frankfurt declined. Oil prices edged lower but stayed above $90 per barrel. Fewer Americans than expected filed unemployment claims last week, the Labor Department reported Thursday….
How Major US Stock Indexes Fared Thursday Aug. 18, 2022
Stocks ended modestly higher on Wall Street after another day of choppy trading. The S&P 500 rose 0.2 percent Thursday, putting it just barely back into the green for the week. The Dow Jones Industrial Average ended a touch higher. The Nasdaq also rose as technology companies gained ground. Cisco Systems rose after turning in…
Wall Street Steady at Open as Investors Assess Fed Minutes
Wall Street’s main indexes were subdued at the open on Thursday, with investors seeking fresh signals for future rate hikes after minutes from the Federal Reserve’s July meeting suggested a less aggressive monetary policy tightening path. The Dow Jones Industrial Average rose 1.54 points at the open to 33,981.86. The S&P 500 opened lower by…
Dollar Holds Its Gains as Fed Set for Lengthy Inflation Fight
HONG KONG—The dollar touched a three-week high on Thursday after minutes from the Federal Reserve’s July meeting pointed to U.S. interest rates staying higher for longer to bring down inflation. The stronger greenback caused the pound briefly to dip below $1.2 in early European trading, its lowest in three weeks, the euro to drop to…
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