Dow loses more than 100 points as investors process mixed economic signals awaiting Powell’s speech

The Dow Jones Industrial Average fell Wednesday as Wall Street waded through new economic data and awaited an afternoon speech on the economy from Federal Reserve Chairman Jerome Powell. The 30-stock index lost 179 points, or 0.5%. The S&P 500 lost 0.2%, while the Nasdaq Composite gained 0.2%. Investors were hit by conflicting economic reports … Read more

Dow loses more than 200 points as investors process mixed economic signals awaiting Powell’s speech

The Dow Jones Industrial Average fell Wednesday as Wall Street waded through new economic data and awaited an afternoon speech on the economy from Federal Reserve Chairman Jerome Powell. The 30-stock index lost 226 points, or 0.7%. The S&P 500 lost 0.3%, while the Nasdaq Composite rose 0.1%. Traders were hit by conflicting economic reports … Read more

Inflation in the Eurozone falls to 10% in November, while energy prices fall

Markets are following the latest inflation data from the Eurozone ahead of a new ECB meeting. Julien De Rosa | Afp | Getty Images Eurozone inflation slowed slightly in November, with prices hitting record highs and missing analysts’ expectations, according to preliminary data released on Wednesday. Consumer prices have been sky-high in the 19-member region … Read more

Inflation in the Eurozone falls to 10% in November, while energy prices fall

Markets are following the latest inflation data from the Eurozone ahead of a new ECB meeting. Julien De Rosa | Afp | Getty Images Eurozone inflation slowed slightly in November, with prices hitting record highs and missing analysts’ expectations, according to preliminary data released on Wednesday. Consumer prices have been sky-high in the 19-member region … Read more

Equity futures rise after major averages fall on China’s Covid turmoil

Traders work on the floor of the New York Stock Exchange (NYSE), September 6, 2022. Brendan McDermid | Reuters US stock futures were higher Tuesday morning after major averages came under pressure from Covid protests in China, and as investors expected more economic data and commentary from Federal Reserve leaders this week. Dow Jones Industrial … Read more

Equity futures rise after major averages fall on China’s Covid turmoil

Traders work on the floor of the New York Stock Exchange (NYSE), September 6, 2022. Brendan McDermid | Reuters US stock futures were higher Tuesday morning after major averages came under pressure from Covid protests in China, and as investors expected more economic data and commentary from Federal Reserve leaders this week. Dow Jones Industrial … Read more

Stocks fall as China’s Covid protests dampen market sentiment

Stocks fell on Monday as social unrest due to China’s protracted Covid restrictions weighed on markets, driving oil prices down — after Wall Street posted gains during the shortened Thanksgiving holiday week. The Dow Jones Industrial Average fell 160 points, or 0.5%. The S&P 500 and Nasdaq Composite were up 0.6% and 0.4%, respectively. Demonstrations … Read more

Dow rises 150 points as Wall Street looks set to close out a winning week

The Dow Jones Industrial Average rose Friday as Wall Street pushed for solid gains during the shorter trading week. The Dow Jones Industrial Average rose 173 points, or 0.51%. The S&P 500 gained 0.11% and the Nasdaq Composite fell 0.34%, weighed down by Activision Blizzard shares, which fell more than 4% on news that the … Read more

Dow rises 150 points as Wall Street looks set to close out a winning week

The Dow Jones Industrial Average rose Friday as Wall Street pushed for solid gains during the shorter trading week. The Dow Jones Industrial Average rose 173 points, or 0.51%. The S&P 500 gained 0.11% and the Nasdaq Composite fell 0.34%, weighed down by Activision Blizzard shares, which fell more than 4% on news that the … Read more

Asia-Pacific equities largely lower, Tokyo inflation highest in 40 years; US markets closed

The proposed G-7 price cap may not have any effect on Russia, says Wood Mackenzie The price cap for Russian oil of between $65 and $70 a barrel proposed by the Group of Seven (G7) countries may not be a significant deterrent to Moscow, according to Wood Mackenzie. The planned limit is not expected to … Read more