NEW YORK—The Dow and S&P 500 rose on Tuesday as stronger-than-expected results and outlooks from Walmart and Home Depot bolstered views on the health of consumers, while technology shares declined and weighed on the Nasdaq. The S&P 500 consumer discretionary and staples sectors gave the benchmark index its biggest lift, while the S&P 500 retail…
Dow, S&P 500 Climb as Upbeat Results From Walmart, Others Boost Optimism
How Major US Stock Indexes Fared Tuesday Aug. 16, 2022
Stocks ended mostly higher on Wall Street Tuesday after another bumpy day as investors cautiously reviewed mostly encouraging financial results from major retailers. The S&P 500 index wound up with a modest gain of 0.2 percent, while the tech-heavy Nasdaq fell. The Dow Jones Industrial Average rose, mostly due to gains in Walmart and Home…
S&P 500, Nasdaq Slip at Open as Retail Earnings Kick Off
The S&P 500 and the Nasdaq opened lower on Tuesday as investors assessed results from retailers Walmart and Home Depot, while signs of a slowing global economy continued to keep markets on edge. The Dow Jones Industrial Average rose 11.91 points, or 0.04 percent, at the open to 33,924.35. The S&P 500 opened lower by…
China Growth Woes Boost Dollar, Weigh Down Aussie
SINGAPORE/TOKYO/HONG KONG—The safe-haven U.S. dollar hit a one-week high on Tuesday after weak global economic data, particularly in China, reignited global recession fears and weighed on risk-friendly currencies like the Australian dollar. The dollar index, which measures the greenback against six major peers, hit a peak of 106.81 in early European trading, regaining all its…
Oil Extends Losses as Weak Demand Outlook Persists
August 16, 2022
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Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
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LONDON—Oil prices fell on Tuesday as bleak economic data from top crude buyer China renewed concerns of a global recession and the market monitored talks on a reviving deal that could allow more Iranian oil exports. Brent crude futures fell 84 cents, or 0.9 percent, to $94.26 a barrel by 0953 GMT. WTI crude futures…
Stocks and Oil Shaky, Dollar Firms Amid Recession Fears
August 16, 2022
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Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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SINGAPORE/LONDON—Stock markets struggled for direction on Tuesday as they grappled with worries over global growth, following weak Chinese and U.S. economic data that knocked oil prices and commodity-linked currencies. The dollar briefly hit a one-week high as investors piled back into the safe-haven currency, while the Aussie, euro, and Chinese yuan buckled. Europe’s benchmark STOXX…
Stocks End Higher on Wall Street; Economic Worries Hit Oil
Stocks on Wall Street bounced back from an early slide and closed higher Monday, extending the market’s recent winning ways as investors look ahead to several updates from retailers this week. The S&P 500 rose 0.4 percent after having been down 0.5 percent in the early going. The benchmark index has risen for four straight weeks…
How Major US Stock Indexes Fared Monday Aug. 15, 2022
Stocks recovered from early losses and ended higher on Wall Street. Investors remain focused on the economy and upcoming reports from retailers this week. The S&P 500 rose 0.4 percent Monday after stumbling in early trading. The Dow Jones Industrial Average and Nasdaq also extended last week’s gains. Oil prices dropped sharply on worries about…
Wall Street Slips at Open as Weak China Data Sparks Slowdown Fears
Wall Street’s main indexes opened lower on Monday, mirroring global markets, after weak economic data from China rekindled fears of an economic slowdown in the world’s second-largest economy. The Dow Jones Industrial Average fell 50.35 points, or 0.15 percent, at the open to 33,710.70. The S&P 500 opened lower by 10.78 points, or 0.25 percent,…
Dollar Jumps on Safety Flows After China Data, Yuan Slips on Rate Cut
LONDON—The safe-haven U.S. dollar rose on Monday after a new batch of disappointing Chinese data bolstered global recession worries, while the yuan weakened following a surprise key rate cut by the People’s Bank of China. Chinese industrial output, retail sales, and fixed-asset investment all fell short of analyst estimates in data published on Monday, as…
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