Wall Street rises as Fed signals slowdown in rate hikes

Wall Street rises as Fed signals slowdown in rate hikes

Growth stocks bounce as Treasury yields drop Tesla jumps as Citigroup upgrades Nordstrom falls on reduced profit forecast ROBOT Nov 23 (Reuters) – Wall Street’s main indexes ended Wednesday with solid gains after the Federal Reserve’s November meeting minutes showed interest rate hikes may slow soon. A “substantial majority” of policymakers agreed it would “likely … Read more

Nasdaq, S&P 500 end sharply higher, fueled by inflation optimism

Nasdaq, S&P 500 end sharply higher, fueled by inflation optimism

Growth stocks lead value, Nasdaq rallies Nasdaq and S&P 500 gain for second day Indexes end: S&P 500 +0.93%, Nasdaq +1.88%, Dow +0.10% Nov 11 (Reuters) – The S&P 500 and Nasdaq ended sharply higher on Friday, extending a rally started the day before after a soft inflation reading raised hopes the Federal Reserve would … Read more

No-boom, no-bust economy dogs Democrats in US midterm elections

No-boom, no-bust economy dogs Democrats in US midterm elections

WASHINGTON, Nov 7 (Reuters) – Household cash is near record levels in the United States, and consumers are using it to pack restaurants and airplanes and buy new cars. Jobs are there for taking. Net worth is 30% higher than before the pandemic, more so for those in the bottom half. And people have soured … Read more

China’s economic wobbles worsen as factory, property woes mount

China's economic wobbles worsen as factory, property woes mount

Employees wearing face masks work on a car seat assembly line at Yanfeng Adient factory in Shanghai, China, as the country is hit by an outbreak of a new coronavirus, February 24, 2020. REUTERS/Aly Song/File Photo Register now for FREE unlimited access to Reuters.com Register Factory activity slows in July vs June – Caixin survey … Read more

China’s factory activity contracts unexpectedly in July as COVID flares up

China's factory activity contracts unexpectedly in July as COVID flares up

Employees work on the production line of vehicle components during a government-organized media tour to a factory of German engineering group Voith, following the coronavirus disease (COVID-19) outbreak, in Shanghai, China July 21, 2022. REUTERS/Aly Song Register now for FREE unlimited access to Reuters.com Register China July official manufacturing PMI below forecast July official services … Read more

US teetering on brink of recession as GDP contracts in second quarter

US teetering on brink of recession as GDP contracts in second quarter

Second-quarter GDP decreases at 0.9% rate Inventories account for large decline in GDP Consumer spending slows; business investment contracts Weekly jobless claims fall 5,000 to 256,000 WASHINGTON, July 28 (Reuters) – The US economy unexpectedly contracted in the second quarter, with consumer spending growing at its slowest pace in two years and business spending declining, … Read more

Wall St rises on Microsoft, Alphabet earnings as Fed decision looms

Wall St rises on Microsoft, Alphabet earnings as Fed decision looms

Microsoft, Alphabet results spark rally in megacap stocks T-Mobile up after raising subscriber growth forecast Fed policy decision expected at 2 pm ET Indexes: Dow 0.39%, S&P 1.47%, Nasdaq 2.72% July 27 (Reuters) – The tech-heavy Nasdaq surged nearly 3% on Wednesday, leading Wall Street’s main indexes higher, as upbeat quarterly reports from Microsoft and … Read more

Fed to unveil another big rate hike as signs of economic slowdown grow

Fed to unveil another big rate hike as signs of economic slowdown grow

US Federal Reserve Chair Jerome Powell takes questions during a news conference following a two-day meeting of the Federal Open Market Committee (FOMC) in Washington, US, June 15, 2022. REUTERS/Elizabeth Frantz/File Photo Register now for FREE unlimited access to Reuters.com Register WASHINGTON, July 27 (Reuters) – With the Federal Reserve expected to hike its key … Read more

Wall Street falls as Walmart warning rattles retail sector

Wall Street closes lower as ad tech, social media stocks drop

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, US, July 21, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register Walmart cuts profit forecast, drags retailers McDonald’s up as sales, profit top estimates GE jumps on higher profit, Coca-Cola up on forecast raise Indexes … Read more

Oil falls on lackluster US summer gasoline demand

Oil falls on lackluster US summer gasoline demand

Crude oil storage tanks are seen at the Kinder Morgan terminal in Sherwood Park, near Edmonton, Alberta, Canada November 14, 2016. REUTERS/Chris Helgren Register now for FREE unlimited access to Reuters.com Register US crude stocks dip, gasoline builds as demand slackens – EIA Canada export Keystone pipeline at reduced rates for third day Central bank … Read more