Wall Street’s main indexes were set to open lower on Tuesday as technology stocks were slammed by rising Treasury yields, while Goldman Sachs led declines among big banks after posting its quarterly profit below expectations. Two-year Treasury yields, which track short-term rate expectations, crossed 1 percent for the first time since February 2020 amid traders […]
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U.S. stock index futures edged higher on Wednesday, with investors bracing for consumer prices data that is expected to show an almost four-decade high in December, while big technology stocks bounced after a bruising selloff at the start of the year. Growth and technology stocks, hit by rising Treasury yields and hawkish commentary from the […]
U.S. stock index futures were mixed on Thursday, with economy-linked banking and energy shares leading gains, while interest rate-sensitive growth names remained under pressure from the Federal Reserve’s hawkish signals. The tech-heavy Nasdaq plunged more than three percent on Wednesday, its biggest one-day percentage drop since February, while the Dow slipped from an intra-day record […]
Asian stock markets were mixed Thursday after Wall Street hit a high and new daily U.S. coronavirus cases surged to a record. Tokyo and Seoul declined while Shanghai and Hong Kong advanced. Wall Street gained Wednesday for its 70th record high of 2021. Optimism was tempered by data showing new U.S. virus cases have risen […]
Asian shares mostly slipped Wednesday, as worries lingered about the coronavirus omicron variant’s potential damage to the regional economy following mixed cues from Wall Street. Japan’s benchmark Nikkei 225 lost 0.9% in morning trading to 28,809.86. South Korea’s Kospi slipped 0.9% to 2,993.38, while Australia’s S&P/ASX 200 jumped 1.2% to 7,510.80. Hong Kong’s Hang Seng […]
Asian shares rose Tuesday, although optimism set off by a rally on Wall Street was dampened by concerns over the potential impact of the omicron variant of the coronavirus. Japan’s benchmark Nikkei 225 jumped 1.4% to finish at 29,069.16. South Korea’s Kospi gained 0.5% to 3,015.63. Hong Kong’s Hang Seng recouped early losses to edge […]
Asian shares were mostly higher on Tuesday after a worldwide slump for financial markets spurred by worries about how badly the omicron variant, inflation and other forces will hit the world economy. Tokyo gained nearly 2% and other benchmarks in Asia also were higher. Much of the concern over the outlook has been driven by […]
Shares fell in Asia on Friday after technology companies led Wall Street benchmarks lower as investors weighed the implications of higher interest rates, surging coronavirus cases and tensions between Beijing and Washington. Tokyo, Hong Kong, Shanghai declined, but shares rose in Sydney. U.S. shares dropped a day after the Federal Reserve said it’s preparing to […]
Technology companies led a rally on Wall Street that powered the S&P 500 to an all-time high and gave the index its best weekly gain since February. The S&P 500 rose 1%, enough to recoup its losses from a day earlier. The benchmark index closed higher four of the last five days, finishing 3.8% higher […]
Asian shares were mixed Tuesday after a late drop left major Wall Street indexes mostly lower. Tokyo was closed Tuesday for a holiday. Hong Kong and Seoul declined while Shanghai advanced. Market players appeared to be relieved to learn that President Joe Biden will nominate Jerome Powell for a second four-year term at the helm […]