Category: Market Watch

World Stocks at 1-Month High as Bond Yields Soften

October 19, 2021
Asia & PacificAustraliabondBusiness & EconomyChinaChina Business & EconomyCompaniesEconomieseconomyEuropeInternationalInvestmentLocal NewsMarket WatchMarketsMedia & Big TechMiddle EastNew YorkNY NewsRegional-Local NewsstocksTexasUKUSUS NewsWorldyields
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LONDON—World stocks climbed to a one-month high on Tuesday as a rally in technology shares and prospects of solid corporate earnings helped counter concerns about elevated inflationary pressures. Oil prices took a breather from their eye-catching rise in recent weeks while the worrying trend of flattening global government bond yield curves paused, helping investors recoup…

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S&P, Nasdaq Enjoy Boost From Big Tech Firms, Dow Ends a Hair Lower

October 19, 2021
Asia & PacificBusiness & EconomyChinaChina Business & EconomyCompaniesDowEconomieseconomyInternationalInvestmentLocal NewslowerMarket WatchMarketsMedia & Big TechNASDAQNew YorkNY NewsRegional-Local NewsS&PTechUSUS NewsWorld
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The S&P and Nasdaq closed higher on Monday with the biggest boosts from the highest-profile technology and communications companies while investors eyed product news from Apple Inc. and appeared optimistic about the third-quarter earnings season. After a weak start following disappointing economic data from China, the S&P and Nasdaq gathered steam in late morning with…

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Wall Street Falls on Slowing China Growth, Inflation Worries

October 18, 2021
Asia & PacificBusiness & EconomyChinaChina Business & EconomyCompaniesEconomieseconomyFallgrowthinflationInternationalInvestmentLocal NewsMarket WatchMarketsMedia & Big TechNew YorkNY NewsRegional-Local NewsUSUS NewsWall StreetWorld
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Wall Street’s main indexes fell on Monday as economic growth in China slowed, while a relentless surge in oil prices fueled concerns about elevated inflation. Data showed China’s economy hit its slowest pace of growth in a year in the third quarter, hurt by power shortages and wobbles in the property sector. “There is some…

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Futures Edge Lower Ahead of Earnings, Inflation Worries Persist

October 18, 2021
Asia & PacificBusiness & EconomyChinaChina Business & EconomyCompaniesearningsEconomieseconomyfuturesinflationInternationalInvestmentLocal NewsMarket WatchMarketsMedia & Big TechNew YorkNY NewsRegional-Local NewsUSUS NewsWorld
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U.S. stock index futures edged lower on Monday, led by technology shares, ahead of a slate of earnings reports this week, while a relentless surge in oil prices fueled concerns about elevated inflation. Facebook Inc., Google-parent Alphabet, Microsoft Corp., Amazon.com Inc., Intel Corp., and Advanced Micro Devices Inc. slipped between 0.1 percent and 0.7 percent….

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European Stocks Fall as Luxury Stocks Feel Pain From China’s Woes

October 18, 2021
Asia & PacificBusiness & EconomyChinaChina Business & EconomyCompaniesEconomiesEuropeEuropeanInternationalInvestmentLuxuryMarket WatchMarketsstocksUKWorld
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European shares fell on Monday after weaker-than-expected growth data from China hit luxury stocks, while a relentless surge in commodity prices fuelled worries about inflation spiralling out of control. The pan-European STOXX 600 index fell 0.5 percent after an upbeat start to the quarterly earnings season drove its strongest weekly performance since March on Friday….

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World Shares Mostly Lower as Chinese Growth Data Disappoints

October 18, 2021
Asia & PacificAustraliaBusiness & EconomyChinaChina Business & EconomyChineseCompaniesdataEconomieseconomyEuropegrowthHK BusinessHong KongInternationalInvestmentLocal NewslowerMarket WatchMarketsNew YorkNY NewsRegional-Local NewsSharesTexasUKUSUS NewsWorld
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World shares were mostly lower on Monday after China reported its economy grew at a meager 4.9 percent annual pace in July-September. Germany’s DAX declined 0.5 percent to 15,506.11 and the CAC 40 in Paris gave up 0.8 percent to 6,676.21. Britain’s FTSE 100 lost 0.2 percent to 7,216.79. The future for the Dow industrials…

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Wall Street Ends Up With Goldman; Dow Posts Biggest Weekly Rise Since June

October 16, 2021
Business & EconomyCompaniesDowEconomieseconomyGoldmanInvestmentJuneLocal NewsMarket WatchMarketsNew YorkNY NewsRegional-Local NewsriseUSUS NewsWall Street
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NEW YORK—U.S. stocks rose on Friday and the Dow scored its biggest weekly percentage gain since June, as Goldman Sachs rounded out a week of strong quarterly earnings for the big banks. Goldman Sachs Group shares jumped 3.8 percent and gave the Dow its biggest boost, as a record wave of dealmaking activity drove a…

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Is Pfizer’s Stock Overvalued or Undervalued?

October 15, 2021
Business & EconomyCompaniesMarket WatchMarketsPfizerstock
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Pfizer Inc. shares have lagged the S&P 500 in 2021, generating a year-to-date total return of 16.6 percent. Pfizer has gotten plenty of headlines for its COVID-19 vaccine, but investors may be wondering just how much value is left in the pharma giant’s stock? Earnings: A price-to-earnings ratio (PE) is one of the most basic…

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Wall Street Opens Higher on Goldman Earnings, Retail Sales Data

October 15, 2021
Business & EconomyCompaniesearningsEconomieseconomyGoldmanInvestmentLocal NewsMarket WatchMarketsNew YorkNY NewsRegional-Local NewsRetailsalesUSUS NewsWall Street
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Wall Street’s main indexes opened higher on Friday after Goldman Sachs rounded out a strong earnings season for big banks, while a surprise rise in retail sales strengthened views about economic recovery. The Dow Jones Industrial Average rose 111.07 points, or 0.32 percent, at the open to 35,023.63. The S&P 500 opened higher by 9.43…

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Wall Street Tracks Weekly Gains on Strong Banks Earnings, Retail Sales Data

October 15, 2021
banksBusiness & EconomyCompaniesearningsEconomieseconomyGoldmanInvestmentLocal NewsMarket WatchMarketsNew YorkNY NewsRegional-Local NewsRetailsalesUSUS NewsWall Street
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U.S. stocks climbed on Friday and the main indexes were set for weekly gains after Goldman Sachs capped a strong earnings season for big banks, while a surprise rise in retail sales raised optimism about economic recovery. Goldman Sachs gained 2.7 percent as a record wave of dealmaking activity drove a surge in the bank’s…

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