By Kim Clark From Kiplinger’s Personal Finance On the morning of Thursday, Oct. 13, as the Dow Jones industrial average plunged more than 500 points, a gathering of 370 investors and financial advisers—who were, as a group, losing tens of millions of dollars that very moment—calmly noshed on oatmeal and Danish. “Don’t just do something,…
Asian Shares Higher in Thin Holiday Trading
December 26, 2022
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BANGKOK—Shares rose Monday in Asia in thin post-Christmas holiday trading, with markets in Europe, some Asian cities, and the U.S. closed. Tokyo’s Nikkei 225 index gained 0.7 percent to 26,405.87 and the Kospi in Seoul added 0.2 percent to 2,317.14. The Shanghai Composite index rose 0.7 percent to 3,065.56 and the SET in Bangkok added…
How Investors Should Approach a Volatile 2023
Commentary The market’s fixation on inflation and the Fed’s interest rate moves appears, at least for now, over. We’re moving onto real concerns such as an economic recession, and for investors, a corporate earnings and growth decline as a result of said recession. This column isn’t going to predict where the S&P 500 will end…
Wall Street Ends Higher, Still Winds up With 3rd Weekly Loss
A choppy day on Wall Street ended with broad gains for stocks Friday, though most of the major indexes wound up with their third weekly loss in a row. Mixed economic news weighed on stocks early on, but the indexes rebounded by late afternoon amid relatively light trading ahead of a long holiday weekend. The…
Stocks Open Lower on Wall Street Ahead of Christmas Holiday
NEW YORK—Stocks are off to a weak start on Wall Street following some mixed news on the economy. The S&P 500 was down 0.5 percent Friday. The government reported that a key measure of inflation is continuing to slow, though it’s still far higher than anyone wants to see. Also, growth in consumer spending weakened…
Dollar Steady After Strong US Data, Yen Set for Weekly Gain
LONDON/SINGAPORE—The dollar fluctuated on Friday and was little changed in morning trading in London after two days of gains, as investors weighed up the outlook for interest rates following the release of stronger-than-expected U.S. economic data on Thursday. The euro was up slightly against the dollar, standing 0.1 percent higher at $1.061, after slipping less…
Elon Musk Says He Won’t Sell Tesla Stock for 2 Years, Predicts ‘Serious Recession’ in 2023
Elon Musk, the billionaire head of Tesla, Space X, and Twitter, on Thursday predicted a “serious recession” in 2023 and promised not to sell Tesla stock next year “under any circumstances.” Speaking in a Twitter Spaces audio forum, Musk also assured investors Tesla hadn’t “skipped a beat on execution” since he took over Twitter. Twitter required an…
Oil Rises 2 Percent on Russian Supply Worries; US Storm Impact in Focus
December 23, 2022
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LONDON—Oil prices rose 2 percent on Friday on expectations of a drop in Russian crude supply, which helped offset worries of a hit to U.S. transport fuel demand growth as a looming Arctic storm threatens travel during the holiday season. Brent crude was up by $1.40, or 1.70 percent, to $82.38 a barrel at 1044…
World Shares Mixed Before Updates on Spending, Durable Goods
December 23, 2022
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BANGKOK—Shares rose in Europe on Friday after a retreat in Asia ahead of updates on U.S. consumer spending and durable goods orders. Benchmarks climbed in London and Paris but fell in Hong Kong, Tokyo, and Seoul. Oil prices surged more than $1 a barrel. Japan reported its core inflation rate, excluding volatile fresh foods, rose…
US Stocks Slide as Economic Data Stokes Rate Hike Worries
NEW YORK—Stocks closed broadly lower on Wall Street Thursday as stronger-than-expected reports on the U.S. economy stoked worries about interest rates staying high. The S&P 500 fell 1.4 percent after having been down as much as 2.9 percent earlier in the day. The pullback brings Wall Street’s main measure of health back to a loss of…
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