US US. equities were unchanged as investors mulled over better-than-expected GDP data and reports of a missile launch in North Korea. Bank stocks climbed on hopes for tax-reform progress while technology shares came under pressure. The Senate Budget Committee sent the tax bill to the full chamber which will be voted on as soon as […]
US Stocks on Wall Street rose to fresh record highs yesterday, with Financials leading indices higher following testimony by Jerome Powell – President Trump’s Fed Chair nominee – before the Senate banking committee. Mr Powell set the stage for further rate rises and said the existing rules on banks were “tough enough” to ensure a […]
US US. equities ended Monday little changed as declining oil prices pulled down energy stocks at the start of a busy news week. Crude Oil slipped after U.S. drillers expanded operations while OPEC and Russia prepare to discuss longer supply curbs. In political news, the U.S. Senate tax bill is set to be debated this week. President […]
US A rally in oil and optimism at the mall buoyed U.S. stocks to a record on Friday, with the index rising 0.2%, at the traditional start of the American holiday shopping season. The S&P 500 currently has achieved a 1.5% total return for November so far. If the index ends November in positive territory […]
US A strong session for Technology and Healthcare companies helped push the S&P 500 to a record closing high. The index gained 0.7%, briefly rising above the 2,600 level for the first time. Positive economic data and strong company results provided further support for equities. Existing home sales rose 2% last month, easily beating expectations, […]
US The S&P 500 began the week on a positive note as gains in Tech stocks offset a soft session for Energy companies. Oil prices fell 0.8%, reversing some of Friday’s strong 2.2% gain, as investors awaited an OPEC meeting scheduled for next week. Overnight, the Fed’s Janet Yellen confirmed she will be stepping down […]
US A sell-off in commodity-sensitive names weighed on markets for a second consecutive session yesterday. The S&P 500 ended 0.6% lower, with Energy and Material companies among the worst performers. A report from the International Energy Agency (IEA) projecting lower oil demand for this year and 2018, in combination with higher than expected inventory data […]
US The S&P 500 Index fell for the third time in four days. Energy and materials producers led losses as Bloomberg’s commodity index declined the most in six months. Crude slid the most in more a month after a tepid demand forecast. In currency news, the dollar lost the most since September as the American […]
US US. stocks declined on Friday, with the S&P 500 falling 0.1%, as health-care shares were dragged lower. Energy stocks also struggled as crude slipped below $57 a barrel amid rising tensions in the Persian Gulf. The yield on 10-year Treasuries punched through 2.4%, joining a spike in European sovereign rates with inflation worries ratcheting up. […]
US US stocks closed lower Thursday, retreating from record highs on the back of growing concerns that tax reforms could be delayed until 2019. A proposed plan by Senate Republicans would delay the implementation of tax cuts to 2019. This contrasts with a bill currently working its way through the House that aims to put […]