Business

Wall St drops at open as strong inflation stokes rate hike fears

FILE PHOTO: The front facade of the New York Stock Exchange (NYSE) is seen in New York City, U.S., May 4, 2021. REUTERS/Brendan McDermid(Reuters) – Wall Street’s main indexes opened lower on Wednesday after stronger-than-expected inflation data fueled fears of tighter monetary policy to combat possibly a longer period of inflation. The Dow Jones Industrial […]

Business

Nasdaq futures edge lower ahead of Big Tech earnings

FILE PHOTO: A trader takes a break outside the New York Stock Exchange amid the coronavirus disease (COVID-19) pandemic in the Manhattan borough of New York City, New York, U.S., April 16, 2021. REUTERS/Carlo Allegri(Reuters) – Futures tracking the Nasdaq 100 index dipped on Monday as big technology stocks retreated ahead of first-quarter results later […]

Business

Futures slip as U.S. calls for pause in J&J's single-dose COVID-19 vaccine

(Reuters) -U.S. stock index futures fell on Tuesday as U.S. federal health agencies recommended pausing the use of Johnson & Johnson’s single-dose COVID-19 vaccine, while investors awaited a reading on a key inflation report.FILE PHOTO: A U.S flag is seen on the New York Stock Exchange in the Manhattan borough of New York City, New […]

Business

S&P 500 scales new record high on tech boost

(Reuters) -The S&P 500 hit a record peak on Thursday, helped by gains in tech-related stocks as weaker-than-expected jobless claims data bolstered the Federal Reserve’s stance to keep interest rates lower for a longer period.FILE PHOTO: People are seen on Wall St. outside the New York Stock Exchange (NYSE) in New York City, U.S., March […]

Business

Biden hails strong jobs report, but warns economy could slow if COVID surges again

WASHINGTON (Reuters) -U.S. President Joe Biden on Friday welcomed data that showed the U.S. economy created the most jobs in seven months in March but warned Americans that the progress on the economy could be reversed if the coronavirus surges through the country again.Slideshow ( 2 images )“We still have a long way to go,” […]

Business

Futures rise as tech stocks gain ahead of weekly jobless claims data

(Reuters) – U.S. stock index futures rose on Thursday as technology shares, led by chipmakers, gained following an upbeat earnings outlook by Micron, while investors awaited weekly jobless claims data to gauge the pace of a recovery in the labor market.FILE PHOTO: A child leaps off a bench outside the New York Stock Exchange (NYSE) […]

Business

Banks, energy stocks drag Wall St lower; Biden's presser in focus

(Corrects typo in paragraph 14)FILE PHOTO: The Wall Street sign is pictured at the New York Stock exchange (NYSE) in the Manhattan borough of New York City, New York, U.S., March 9, 2020. REUTERS/Carlo Allegri(Reuters) – Wall Street’s main indexes fell on Thursday, dragged down by economically sensitive bank and energy stocks and shrugging off […]

Business

Futures muted as Fed takes center stage

FILE PHOTO: The front facade of the New York Stock Exchange (NYSE) is seen in New York, U.S., March 1, 2021. REUTERS/Brendan McDermid(Reuters) – Futures tied to the S&P 500 and the Dow were subdued on Wednesday as investors held their breath ahead of the Federal Reserve’s policy statement which could provide hints on whether […]

Business

Dow, S&P 500 muted at open as Fed meeting begins

FILE PHOTO: The front facade of the New York Stock Exchange (NYSE) is seen in New York, U.S., February 12, 2021. REUTERS/Brendan McDermid(Reuters) – The S&P 500 and the Dow saw a muted open on Tuesday as investors remained on the sidelines ahead of the Federal Reserve’s two-day policy meeting against the backdrop of rising […]

Business

U.S. stocks close mixed as Dow notches fifth straight record high

NEW YORK (Reuters) – The blue-chip Dow powered to its fifth consecutive record high on Friday and the S&P 500 closed slightly higher as investors bought shares that should benefit from a strong reopening of the U.S. economy, an outlook signaled by rising yields in the bond market.FILE PHOTO: The front facade of the New […]