Stocks rose on Wednesday to recover some steep losses from earlier this week, with jitters over Russia’s war in Ukraine and its implications for the global economy weighing on risk assets. Investors also monitored fresh remarks from Federal Reserve Chair Jerome Powell, who said the central bank remained on track […]
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West’s invasion fears rise as Putin accuses Kyiv of ‘escalation’
Kremlin brinkmanship along the Ukrainian border escalated on Friday, with President Vladimir Putin accusing Kyiv of intentionally stoking tensions in eastern Ukraine, where Moscow-backed separatists ordered an evacuation of civilians to Russia. Ukrainian security services vociferously denied any unilateral moves in the region. But the increased Russian sabre-rattling reinforced the […]
Stocks drop as Russia-Ukraine conflict concerns rise
Stocks fell Monday as investors eyed the escalating threat of Russian invasion in Ukraine alongside ongoing concerns over inflation and an aggressive move toward policy tightening by the Federal Reserve. The S&P 500 came off session lows but still ended in the red to extend losses after last week’s roller-coaster […]
Stocks rise after jobs report shows surprise jump in payrolls
Stocks shook off earlier losses to mostly rise Friday afternoon even as investors viewed a much stronger-than-expected jobs report as bolstering the case for the Federal Reserve to continue down its more hawkish monetary policy path. The S&P 500 turned higher during intraday trading, closing up 0.52% at 4,500.61, while […]
Stocks rise to kick off new year of trading
U.S. stocks closed at record highs on Monday, as investors built on momentum from last week into at least the first session of the new year. The S&P 500, Dow and Nasdaq each advanced. U.S. equities posted another year of solid gains in 2021, rising by 27% and delivering a […]
Stocks rise as traders digest mixed November jobs report
Stocks sank on Friday to end the week lower, as investors digested updates on the Omicron variant alongside the Labor Department’s November jobs report, which came in mixed compared to Wall Street’s elevated expectations. The S&P 500 posted a weekly loss of 1.2% since last Friday, sliding in volatile trading […]
Americans’ economic worries rise to pandemic high: Gallup
Americans’ economic worries rose to a pandemic high this month, according to Gallup, but the level of concern still remains relatively low compared to historical trends. Twenty-six percent of Americans told Gallup in a new poll that an economic-related concern is the top problem facing the country. Ten percent of those polled […]
Airbus stands by plans for steep rise in output
Airbus has stood by its commitment to boost production, saying that demand from airlines coming out of the pandemic has been strong as air travel continues to recover. The European plane maker’s bullish stance came as it raised its full-year profit guidance and cash flow target for the second time […]
S&P 500, Dow and Nasdaq rise to reach fresh all-time highs; markets await Fed decision
Stocks reached fresh all-time highs on Tuesday in another record-setting session, with investors cheering another set of better-than-expected corporate earnings results. The Dow and S&P 500 gained while the Nasdaq rose more modestly, weighed by a drop in Tesla (TSLA) after CEO Elon Musk downplayed the expected impact of a […]
Stock futures rise as traders await jobs report
Stock futures opened higher Thursday evening, extending gains as investors awaited a key report on the labor market’s recovery. Contracts on the S&P 500 ticked up after the index logged a third straight session of gains during Thursday’s regular trading day. The move to the upside came after Senate leaders said […]