US US. stocks edged higher amid robust earnings from Twitter to United Parcel Service, speculation about the Federal Reserve’s next leader and congressional action on taxes. In currency news, the dollar climbed to a three-month high after the U.S. House passed a budget resolution on tax reforms and as speculation mounted a hawkish candidate may lead the […]
US US. stocks posted a sixth straight weekly gain, rising 0.9% for the week, on speculation Donald Trump was closer to pulling off one of his biggest legislative priorities after the Senate approved a budget vehicle for tax cuts. The dollar index reached a three-month high and 10-year Treasury yields approached 2.4% amid speculation Trump was moving closer […]
US The S&P 500 pared initial losses and bucked the trend of weak equity markets by closing in positive territory yesterday. Technology stocks were among the primary underperformers for the session, dragged lower by Apple (-2.4%) as investors fretted about signs of poor demand for the company’s latest iPhone model. Further signs of mild risk-aversion […]
US The S&P 500 edged another 0.1% higher, Energy stocks fell and oil prices pared gains following disappointing inventory data and the US dollar traded marginally lower against a basket of peers. Energy stocks were among the worst performers yesterday as oil prices fell from intra-day highs after the EIA reported a fourth successive weekly […]
US The S&P 500 finished 0.2% higher, with Telecoms and Financials leading advancers. Comments from President Trump on US drug pricing led to weakness in Health Care companies, one of the worst performing sectors for the session. In currency markets, the dollar index, a gauge of the greenback against a basket of peers, rose 0.1 […]
US US stocks edged slightly higher on Friday, rising 0.1% by the close. Economic data released on Friday showed a significant hurricane distortion in the September headline inflation figure largely related to fallout from a temporary spike in energy prices. The bigger surprise came from another downside surprise for core inflation, which has fallen short […]
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US US. stocks retreated in light trading, declining 0.2%, as investors assessed the latest political developments in Washington before the start of earnings season. Investors may have refrained from large bets Monday without any direction from the bond market, which was closed for Columbus day, while the minutes from the Federal Reserve’s last meeting are […]
US The S&P 500 notched another fresh record high yesterday, gaining 0.6% on the day, marking the eighth consecutive positive session for the index and a sixth successive record close. Financials and Technology stocks were the best performing sectors on the day. Financials were boosted by a rise in bond yields following the passing of […]
US US equities maintained their strong recent run. The S&P 500 gained 0.4%, settling at another fresh record high. The dollar also extended its recent bout of strength against the euro as the common currency traded lower following the Spanish vote in Catalonia. Positive US economic data further boosted the dollar as the Purchasing Managers […]