Wall Street’s main indexes opened lower on Wednesday, as Apple shares fell, while investors awaited the minutes of the Federal Reserve’s November meeting for a clearer picture of its monetary tightening policy. The Dow Jones Industrial Average fell 6.5 points, or 0.02 percent, at the open to 34091.57. The S&P 500 fell 3.3 points, or…
Wall Street Opens Lower Ahead of Fed Minutes, Apple Falls
Dollar on Edge Ahead of Fed Minutes, Kiwi Gains
LONDON—The U.S. dollar held firm on Wednesday ahead of the release of closely-watched minutes from the Federal Reserve’s latest policy meeting, while the New Zealand dollar strengthened on the back of a record rate rise to curb rampant inflation. The U.S. dollar index, which measures the currency against a basket of six counterparts, was broadly…
Oil Prices Fall Over $1 a Barrel on Russian Oil Price Cap Talks
LONDON—Oil prices fell by more than $1 a barrel on Wednesday as the Group of Seven (G7) nations looked at a price cap on Russian oil above where the crude grade is currently trading. Brent crude futures fell $2, or 2.26 percent, to $86.36 a barrel at 1153 GMT, while U.S. West Texas Intermediate (WTI)…
World Shares Mostly Higher Ahead of Release of Fed Minutes
BANGKOK—World shares have advanced ahead of Wednesday’s release of minutes from the Federal Reserve’s last policy meeting. Benchmarks rose in London, Paris, Hong Kong, and Shanghai. Markets were closed in Japan for a holiday. The Federal Reserve minutes could give investors more insight into the U.S. central bank’s decision-making process. Wall Street has been hoping…
US Stocks Rise, Strong Earnings Send Retailers Higher
Stocks on Wall Street closed broadly higher Tuesday, as solid company earnings helped lift several retailers ahead of the Thanksgiving holiday in the United States. The S&P 500 rose 1.4 percent, more than making up for its losses last week. The Dow Jones Industrial Average rose 1.2 percent and the Nasdaq composite gained 1.4 percent. All…
Wall Street Opens Higher on Gains in Walgreens, Best Buy
Wall Street’s main indexes opened higher on Tuesday, with gains in shares of Walgreens and Best Buy helping investors assuage worries around the economic fallout from stricter COVID-19 curbs in China. The Dow Jones Industrial Average rose 109.8 points, or 0.33 percent, at the open to 33810.05. The S&P 500 rose 15.6 points, or 0.39…
Dollar Cedes Some Ground, Bitcoin Hunkers Down
SINGAPORE/LONDON—The dollar retreated on Tuesday after rallying the previous day when investors rushed to the safe-haven currency on worries about China’s COVID-19 flare-ups, while fears of fresh contagion from the collapse of crypto exchange FTX pressured bitcoin. The euro was up 0.3 percent at $1.0265 after an 0.8 percent loss on Monday, sterling rose 0.46…
Oil Rises as Saudi Comments Outweigh Recession Concerns
LONDON—Oil rose on Tuesday after top exporter Saudi Arabia said OPEC+ was sticking with output cuts and could take further steps to balance the market, outweighing global recession worries and concern about China’s rising COVID-19 case numbers. Saudi Arabian Energy Minister Prince Abdulaziz bin Salman on Monday was also quoted by state news agency SPA…
Global Stocks Gain After Wall Street Slide, China Virus Fears
BEIJING—Major global stock markets advanced Tuesday after Wall Street sank and Chinese anti-virus controls fueled concern about an economic slowdown. London and Frankfurt opened higher. Shanghai and Tokyo gained, while Wall Street futures were lower. Oil prices gained. Wall Street’s benchmark S&P 500 index declined Monday after a Federal Reserve official rattled investors last week…
Australian Stocks Near Five-Month High
The local share market has jumped to a six-day high and is close to its best level in five and a half months. The benchmark S&P/ASX200 index was up 35 points to 7174.3 at noon AEDT on Tuesday, a rise of 0.49 percent. The broader All Ordinaries was up 32.8 points to 7367.9, a 0.45…
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