US STOCKS-Wall St deep in bear market as S&P 500 hits new two-year low

The benchmark S&P 500 erased gains of up to 1.7% by early afternoon trading to hit lows last seen in late November 2020. Investors worry about how much further stocks would have to fall before stabilizing. The central bank will need to raise rates by at least another percentage point this year.
#500 #WallSt #News #Business #Markets


1 weeks ago

Wall St opens higher a day after Dow entered bear market

Both the Dow and the S&P 500 finished at their lowest level of 2022 on Monday. About 15 minutes into trading, the Dow Jones Industrial Average was up 1.3% at 29,631.20. Gains for technology companies helped push the Nasdaq composite up 2% to 11,022.03.
#Mint #Dow #DowJonesIndustrialAverage #News #Business #Markets


1 weeks ago

Wall St Week Ahead-Investors wonder when vicious sell-off in U.S

The S&P 500 is down more than 22% this year. It briefly dipped below its mid-June closing low of 3,666, erasing a sharp summer rebound in U.S. Stocks before paring losses and closing above that level. Investors worry the Fed's tightening will bring on a downturn.
#TheEconomicTimes #WallSt #News #Business #Markets


1 weeks ago

Wall St tumbles as investors fret on rate hikes and recession

Wall Street's main indexes all tumbled to close well down on friday. The Dow (.DJI)narrowly avoided ending more than 20% lower than its Jan. 4 record all-time closing peak of 36,799.64 points, meaning the blue-chip index did not attain a bear market label.
#Reuters #Dow #WallStreet #News #Business #Economy


1 weeks ago

Wall St ticks lower as rate worries persist

The three main indexes were struggling for momentum after a hot consumer price inflation reading on Tuesday sparked the worst selloff in more than two years. Data earlier on Thursday showed U.S. Retail sales unexpectedly rose 0.3% in August, in a sign the economy could tolerate higher interest rates as the Fed tightens monetary policy. The economic conditions are quite good in the united states and it's pretty compatible with the path of the 75-basis-point hike for the next meeting.
#Fed #News #Business #Markets


2 weeks ago

Wall St extends losses as Fed worries remain; Bed Bath & Beyond shares sink

The index is down nearly 18% so far this year while the Nasdaq has shed nearly 26% as rising interest rates hurt megacap technology and growth stocks. The benchmark S&P 500 closed at a six-week low on Friday as worries about the European gas crisis overshadowed relief from the monthly jobs data.
#WallSt #Nasdaq #500 #News #Business #Markets


4 weeks ago

Morning Bid: Precarious landing zone

Wall St stocks have climbed for two solid months, prompting an almost 25% bounce in the S&P500 (.SPX) since mid-June. Hopes centre on commodity-driven inflation rates peaking, allowing the Federal Reserve to ease off the monetary brakes and guide a gentler economic slowdown. China's surprise rate cut on Monday underlined that.
#Reuters #500 #China #News #Business #Markets


1 months ago