Stocks ended lower on Wall Street at the beginning of a holiday-shortened week. The S&P 500 fell 0.4 percent Monday, while drops in tech companies helped pull the Nasdaq down 1.1 percent. The Dow Jones Industrial Average held up better, ending down just 0.1 percent. The Dow benefited from a big gain in Disney, which…
Lessons From the ‘Nifty Fifty’
Commentary Just recently, Bank of America had a great piece of analysis on the “5 Lessons From the Nifty Fifty.” Of course, if you are unfamiliar with the importance of the “Nifty Fifty,” it is worth explaining. The “Nifty Fifty” refers to the 50 most popular large-cap stocks in the 1960s and 1970s. These “household”…
S&P 500, Nasdaq Open Lower as China COVID-19 Cases Tick Higher
The S&P 500 and the Nasdaq opened lower on Monday as COVID-19 flare-ups in China reignited concerns about slowing growth, while a jump in Disney’s shares following Bob Iger’s surprise comeback as chief executive supported the Dow. The Dow Jones Industrial Average rose 14.6 points, or 0.04 percent, at the open to 33760.3. The S&P…
Dollar Jumps as China COVID-19 Worries Spur Safe-Haven Buying
LONDON/SINGAPORE—The U.S. dollar rallied against major currencies on Monday, as rising COVID-19 cases in China led to new restrictions there and weighed on global investor sentiment. China is battling numerous coronavirus flare ups. Two deaths were reported in Beijing on Sunday, and the city’s most populous district urged residents to stay at home on Monday….
Oil Prices Ease to Near 2-month Lows on China Demand Fears, Dollar Strength
November 21, 2022
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Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
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LONDON—Oil prices slipped to trade near two-month lows on Monday, having earlier slid by around $1 a barrel, as supply fears receded while concerns over fuel demand from China and U.S. dollar strength weighed on prices. Brent crude futures for January had slipped 51 cents, or 0.6 percent, to $87.11 a barrel by 1205 GMT….
World Stocks Tumble on Chinese COVID-19 Outbreaks
November 21, 2022
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Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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LONDON—World stocks and oil prices fell on Monday as fresh COVID-19 restrictions in China exacerbated worries about the global economic outlook. The safe-haven dollar rallied, while the U.S. Treasury yield curve remained deeply inverted in a sign that investors remain alert to global recession risks. Coronavirus outbreaks across China are a setback to hopes for…
With Black Friday Ahead, Investors Look to US Consumer Stocks
NEW YORK—As the most important shopping period of the year approaches, some investors are betting shares of beaten-down consumer stocks will benefit if inflation keeps falling and retail sales stay strong. Consumer discretionary stocks, a group whose members run the gamut from Amazon.com Inc. and automaker Tesla Inc. to retailer Target Corp., have been walloped…
Stocks End Higher on Wall Street but Still Fall for the Week
A late-afternoon rally on Wall Street helped stocks close higher Friday, though the major indexes still wound up finishing lower for the week after several days of bumpy trading. The S&P 500 rose 0.5 percent after wavering between small gains and losses for much of the day. The Dow Jones Industrial Average rose 0.6 percent…
Dollar Heads for Weekly Gain as Fed Pushes Back on Pivot
LONDON—The dollar eased on Friday, but was still headed for its largest weekly gain in a month, after Federal Reserve officials reiterated their commitment to raising U.S. interest rates more than markets currently anticipate. It fell against the pound, which edged higher after a volatile session on Thursday following Britain’s budget for tax rises and…
Oil Heads for 2nd Weekly Decline as Demand Concerns Weigh
November 18, 2022
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Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
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LONDON—Oil gave up early gains on Friday and was on track for a second weekly decline, pressured by concern about weakening demand in China and further interest rate rises by the U.S. Federal Reserve. China has seen a rise in COVID-19 cases, while hopes for the moderation of aggressive U.S. rate hikes have been dented…
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