Tag: DRV
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Wall Street collapses as Credit Suisse triggers another bank sell-off
February retail sales, falling producer inflation Credit Suisse US stocks hit record lows Regional bank shares fall NEW YORK, March 15 (Reuters) – US stocks lost late Wednesday, but the Dow and S&P 500 still closed lower as problems at Credit Suisse revived fears of a banking crisis, lowering bets on a smaller US rate […]
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Wall Street wins as inflation cools, banking jitters subside
Feb CPI in line with expectations Restore regional banks Meta stands up for more layoff plans Uber and Lyft win after decision of the California court Indexes up: Dow 0.23%, S&P 0.82%, Nasdaq 1.24% NEW YORK, March 14 (Reuters) – Wall Street rallied on Tuesday, as largely on-target inflation data and receding fears of contagion […]
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Global markets prepare for aftershocks as SVB collapse ripples out
SYDNEY, March 13 (Reuters) – Markets were in for a bumpy ride this week as the fallout from the collapse of startup-focused lender Silicon Valley Bank (SVB), the largest US bank failure since the 2008 financial crisis, coincides with major economic data and policy meetings. S&P500 futures rose 1.4% after US authorities guaranteed that SVB […]
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Wall St falls on bank stocks tumble, jobs report jitters
Investors are looking forward to Friday’s jobs report Bank shares plummet after SVB announces share sale General Electric rises after repeated forecast Indexes down: Dow 1.85%, S&P 1.66%, Nasdaq 2.05% March 9 (Reuters) – Wall Street’s three major stock indices closed lower on Thursday, with banking stocks the biggest drag, while investors also worried Friday’s […]
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Wall St suppresses jobs data ahead of new Powell testimony
Tesla slips as US regulator opens probe into Model Y cars Occidental rises as Buffett’s Berkshire raises stake to 22.2% Private payrolls stronger than expected in February Indices: Dow down 0.02%, S&P down 0.04%, Nasdaq up 0.05% March 8 (Reuters) – US stock indices struggled to find direction on Wednesday as investors worried about a […]
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Oil stable as a surprise US crude oil draw counteracts the jitters of rate hikes
API Shows U.S. Crude Oil Stocks Falling – Market Sources The US Fed’s Powell is setting the tone for higher and faster rate hikes The rise in the dollar keeps oil under control SINGAPORE, March 8 (Reuters) – Oil prices stabilized on Wednesday as industry data showed an unexpected fall in US crude inventories after […]
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Oil dips on China’s outlook as investors await Fed guidance
China’s growth prospects are lower than last year’s target Fed chair speaks to Congress this week The US jobs report in February is also in the picture LONDON, March 6 (Reuters) – Oil prices fell on Monday after China set a lower-than-expected target for economic growth of around 5% this year and investors awaited testimony […]
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Wall St climbs as lower Treasury yields push mega-cap stocks higher
Apple surges as GS coverage begins ‘buy’ rating Chinese ADRs fall after Beijing’s modest 5% growth target Crypto Stocks Drop as Silvergate Suspends Payment Network Indexes up: Dow 0.18%, S&P 0.24%, Nasdaq 0.28% March 6 (Reuters) – US stock indices rose on Monday as Treasury bond yields fell further ahead of Federal Reserve Chairman Jerome […]
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Oil Sets on Hope in Chinese Demand, Post Weekly Gains
Oil benchmarks settle at highest level in 3 weeks Report UAE may leave OPEC ‘far from the truth’, sources say Chinese data, record US exports support oil prices Dollar falls; analysts see more weakness in the next 12 months BENGALURU, March 3 (Reuters) – Oil prices recovered from a brief sell-off to rise more than […]
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Wall Street rally, on course for weekly gains as Treasury yields fall
Indexes set for weekly gains S&P 500 breaks through 50-day moving average Indexes up: Dow 0.85%, S&P 1.29%, Nasdaq 1.66% NEW YORK, March 3 (Reuters) – Wall Street moved ahead on Friday towards the end of an up and down week as US Treasury yields fell and economic data helped investors see past the growing […]