TOKYO (AP) — Asian shares were mixed in muted trading Tuesday, as buying in some markets was soon erased by profit-taking. Japan’s benchmark Nikkei 225, where computer chip-related issues had interested investors early, reversed course to slip nearly 0.2% in morning trading to 40,336.31. Australia’s S&P/ASX 200 fell 0.1% to 7,801.20. South Korea’s Kospi added … Read more
NEW YORK (AP) — Stocks slipped away from their records following a mixed batch of economic reports. The S&P 500 fell 0.3% Thursday after giving up an earlier, modest gain. The Dow Jones Industrial Average lost 0.4%, and the Nasdaq composite fell 0.3%. Treasury yields rose following the latest in a string of data showing … Read more
The world’s biggest bond market sold off after another hot inflation report reinforced bets the Federal Reserve will be in no rush to cut rates even as some areas of the economy show signs of sluggishness. Treasury yields climbed and stocks retreated as the data underscored the Fed’s challenges in achieving its 2% inflation goal. … Read more
The stock market managed to rebound after the latest inflation figures did little to alter bets the Federal Reserve will cut rates this year — even if it keeps a more cautious stance for now. Following a series of twists and turns, the S&P 500 pushed decidedly higher. Notwithstanding the fact that the consumer price … Read more
Fox Corp. Chief Executive Officer Lachlan Murdoch said the new sports streaming service he’ll launch later this year with Walt Disney Co. and Warner Bros. Discovery Inc. is projected to reach 5 million subscribers after five years. Murdoch, speaking at the Morgan Stanley technology, media and telecom conference on Monday, said the service is aimed … Read more
The U.S. stock market is off to a great start in 2024. Through Feb. 23, both the S&P 500 and the Nasdaq-100 are up more than 7% year to date (YTD). The Dow Jones Industrial Average is up nicely as well, though not as dramatically. That well-known index has gained just over 3% YTD. You … Read more
NEW YORK (AP) — U.S. stocks are falling Tuesday after worse-than-expected inflation data forced investors to question hopes that have sent Wall Street to record heights. The S&P 500 was 1.2% lower in afternoon trading as traders delayed their forecasts for when the Federal Reserve will deliver the cuts to interest rates they crave so … Read more
From one corner of JPMorgan Chase & Co., the bank’s stock-averse chief market strategist, Marko Kolanovic, has issued a consistent drumbeat of warnings about stretched technology valuations and the risk that high interest rates will stall the global economy. Over at the bank’s trading desk, they’ve reached a different conclusion: It’s a good time to … Read more
Stock Market Today: Dow, S&P Live Updates for December 20 Bloomberg Source link
Shoppers pass a promotional sign for ‘Black Friday’ sales discounts in London, on November 23, 2018. Ben Stansall | Afp | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. … Read more