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Market updates
ASX 200 drops 0.9% after Wall Street tumble
June 29, 2022 05:42 PM AEST| By SukritiASX 200 snapped a four-day winning streak today, tumbling 0.9%, or 63.4 points, to 6700.2. The technology sector dropped 2.8%, and financial was the best performing sector.
US stocks advance after energy, tech-led gains; NEE, AAPL rise
June 24, 2022 08:02 AM AEST| By Mridul GogoiUS stocks gained on Thursday after a steep decline the day before.
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REITs, healthcare stocks lift ASX 200, commodities slump
June 23, 2022 06:24 PM AEST| By Sukriti NairASX 200 regained 0.31% today, thanks to a push from REITs and healthcare stocks. The Energy and material stocks lose maximum. Inflation and recessionary concerns continued to worry investors globally, causing a commodities slump.
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Wall Street rebounds after worst week; SAVE, XOM, AAPL rally
June 22, 2022 08:01 AM AEST| By Mridul GogoiUS indices ended higher on Tuesday after a worst week in two years.
US stocks end mixed after tech rally; SGEN, MRNA surge
June 18, 2022 07:09 AM AEST| By Rupam RoyBenchmark US indices closed the week mixed on Friday, June 17, as mega-cap growth stocks rallied, shaking off the negative sentiments about inflation and declining economic growth. The S&P 500 was up 0.22% to 3,674.84. The Dow Jones lost 0.13% t...
Wall Street rallies after Fed’s big rate hike; NUE, BA, BYND soar
June 16, 2022 06:56 AM AEST| By Rupam RoyWall Street indices closed higher on Wednesday, June 15, after the Federal Reserve raised the interest rates by 0.75%, its biggest increase since 1994, to rein in the relentless spike in inflation. The S&P 500 was up 1.46% to 3,789.99. The Dow J...
Wall Street ends mixed, Nasdaq recovers after rate jolt; FDX, ORCL rise
June 15, 2022 06:55 AM AEST| By Rupam RoyWall Street’s main indices closed mixed on Tuesday, June 14, after Nasdaq recovered from an initial slide as the central bank officials assembled to discuss a new rate plan at their monthly policy conclave. The S&P 500 fell 0.38% to 3,735....
S&P in bear market as stocks resume losses; COIN, RIOT fall sharply
June 14, 2022 06:56 AM AEST| By Rupam RoyUS stocks resumed their selloff on Monday, June 13, after a sharp fall in the previous session on inflation woes as investors braced for the Fed's third installment of interest rate hikes this week. The S&P 500 fell 3.88% to 3,749.63. The Dow Jo...
Wall Street falls sharply after CPI data; DOCU, NFLX plummet
June 11, 2022 07:04 AM AEST| By Rupam RoyUS indices closed the week sharply lower on Friday, June 10, after the latest CPI data showed inflation surged at an annual pace of 8.6% in May, triggering a panic selloff in growth stocks. The S&P 500 fell 2.91% to 3,900.86. The Dow Jones decre...
US stocks close lower ahead of inflation data; BABA, FCEL, FIVE decline
June 10, 2022 07:12 AM AEST| By Rupam RoyWall Street’s main indices closed lower on Thursday, June 9, as rising bond yields and downbeat sentiments over a possible adverse CPI data due this week weighed on the mega-cap growth stocks. The S&P 500 fell 2.38% to 4,017.82. The Dow Jo...
Tech stocks drag Wall Street lower as rate woes weigh; INTC, AMZN fall
June 09, 2022 07:24 AM AEST| By Rupam RoyUS stocks drifted lower on Wednesday, June 8, pulled down by technology shares as inflation, rising oil prices, and rate woes weighed on investors’ sentiment ahead of May CPI data. The S&P 500 fell 1.08% to 4,115.77. The Dow Jones was down...
US stocks recover after Target's (TGT) margin warning; KSS, PLAY surge
June 08, 2022 06:52 AM AEST| By Rupam RoyUS stocks bounced back to close higher on Tuesday, June 7, after starting in the red on a downbeat retail outlook following Target Corp's (TGT) margin warning for the second quarter. The S&P 500 rose 0.95% to 4,160.68. The Dow Jones was up 0.80%...
Wall Street edges higher as mega-cap gains; MSFT, CHWY stocks rally
June 03, 2022 07:11 AM AEST| By Rupam RoyBenchmark US indices closed higher on Thursday, June 2, lifted by gains in mega-cap stocks after Fed Vice Chair Lael Brainard outlined the central bank’s short-term rate strategy. The S&P 500 rose 1.84% to 4,176.82. The Dow Jones was up 1....
Wall Street starts June in red after jobs data; CRM, VSCO rise
June 02, 2022 07:03 AM AEST| By Rupam RoyUS stocks closed the first trading day of June in the negative territory on Wednesday as the latest economic data provided mixed signals, which didn’t help ease investors’ rate fears. The S&P 500 was down 0.75% to 4,101.23. The Dow J...
Wall Street retreats after Biden-Powell talks; DXCM, AUY, UL rally
June 01, 2022 07:06 AM AEST| By Rupam RoyUS stocks closed lower on Tuesday, May 31, after an extended weekend break for the Memorial Day festivities as traders turned their attention to President Joe Biden’s talks with Federal Reserve Chairman Jerome Powell on inflation. The S&P...
Wall Street ends week higher on retail boost; PDD, DELL, ULTA rally
May 28, 2022 07:10 AM AEST| By Rupam RoyUS stocks closed the week with a third straight session of gain on Friday, May 27, helped by positive retail guidance and expectations of the macroeconomic situation improving. The S&P 500 was up 2.47% to 4,158.24. The Dow Jones rose 1.76% to 33...
US stocks rise on retail earnings, economic data; BABA, DLTR rally
May 27, 2022 07:05 AM AEST| By Rupam RoyWall Street's main indices rose for the second straight day on Thursday, May 26, buoyed by positive retail earnings and labor data - affording a glimmer of hope amid market turbulence. The S&P 500 was up 1.99% to 4,057.84. The Dow Jones rose 1.6...
Wall Street edges higher after Fed minutes; DKS, JWN, NVDA rally
May 26, 2022 07:40 AM AEST| By Rupam RoyUS stocks closed higher on Wednesday, May 25, after Fed's minutes from its last policy meeting showed that most members favored more aggressive interest rate increases to calm inflation. The S&P 500 was up 0.95% to 3,978.73. The Dow Jones rose 0...
Wall Street regains momentum on bank, tech stocks rally; VMW, JPM surge
May 24, 2022 07:09 AM AEST| By Rupam RoyUS stocks closed higher on Monday, May 23, lifted by gains in mega-cap technology and bank shares following eight straight weekly declines of the indices, the longest streak since the 2001 dot com bubble. The S&P 500 was up 1.86% to 3,973.75. Th...
S&P falls into bear market in intraday, Nasdaq retreats; ROST, DE decline
May 21, 2022 07:23 AM AEST| By Rupam RoyBenchmark US indices closed mixed on Friday, May 20, as investors were concerned about the elevated inflation, sending S&P 500 into the bear-market territory in intraday session. The S&P 500 was up 0.01% to 3,901.36. The Dow Jones rose 0.03%...
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