The New York stock market rallied again on Monday after a fantastic session on Friday, as profitable corporate results such as those from Goldman Sachs boosted investor sentiment. The Dow Jones industrial average gained 0.9% to 31,558 points. The Nasdaq technology index gained 0.9% to 11,565 points while the broader S&P 500 gained 0.8% to […]
Tag: Wall Street
Wall Street losses as investors eye corporate results
LAST UPDATE 21:14 The New York stock market, although it started off with a strong rally on Monday after a fantastic session on Friday, turned marginally into negative territory, despite an earlier feeling of euphoria from profitable corporate results such as those from Goldman Sachs. The Dow Jones industrial average recorded losses of 0.22%. The […]
Wall: Dow snaps weekly losses with 650-point mini-rally
Strong reaction on Wall Street today, boosted by better-than-expected consumer spending data amid wild inflation at 9.1%. The Dow and S&P 500 ended a five-day losing streak, with the industrial index up 658 points. Wall posted its best daily performance in three weeks on Friday. However, on a weekly basis the US market only managed […]
Wall gains fueled by retail data – Dow up 400 points
All three Wall Street indexes were higher at the end of the week, snapping a five-session losing streak, fueled by retail sales data that showed consumer spending rose more than expected in June amid wild inflation to 9.1 %. The Wall is now trying to break the pressure it has been in for the past […]
Wall gains fueled by retail sales – Dow surges 650 points
LAST UPDATE: 18.20 All three Wall Street indexes are higher at the end of the week, snapping a five-day losing streak, fueled by better-than-expected consumer spending data today amid a wild 9.1% inflation rate. At the same time, investors are weighing a new round of mixed corporate results, mainly in the banking sector. The Wall […]
Bank of America: Mammoth target downgrade on S&P 500 by 900 points
Bank of America cut its 2022 target for the S&P 500 by 900 points to 3,600, following a prediction it made this week that a recession would hit the US this year. The new target for closing the year is “the lowest in the market”, Bank of America’s strategic analysts acknowledge in their report yesterday. […]
Wall: Withstood the pressures with mixed signs
Wall Street withstood the pressure on Thursday, with the three indexes returning to recover from intraday lows of -2% and limiting losses (Dow and S&P 500) or making marginal gains (Nasdaq). The U.S. stock market remains under pressure as inflation climbing to a beastly 9.1% bolsters the case for a 1 percentage point Fed rate […]
Wall Street: Strong losses in the shadow of interest rates
The US market is under significant pressure as inflation climbing to an unthinkable 9.1% strengthens the case for a wild Fed rate hike of a full percentage point, while early signs from the start of the corporate earnings season have been rather ominous. . In particular, the three indices that showed endurance yesterday after the […]
Fourth day of losses on Wall Street under the weight of inflation
Wall Street closed lower but off intraday lows on Wednesday, as investors tried to digest new data on US inflation that climbed to a new nearly 41-year high in June as energy prices surged . The Consumer Price Index ran last month at a beastly rate of 9.1%, on an annual basis, far exceeding the […]
Wall Street is in the midst of inflation
In the heavy shadow of inflation, which continues to gallop out of control in the US, the US market moves on Wednesday, as investors, analysts and economists estimate that its climb to new near 41-year highs will prompt the Federal Reserve to move even more aggressively in is about raising interest rates, curbing economic activity […]
