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Market updates
Wall Street resumes losses as tech stocks hammered; BNTX, SOPA rally
May 10, 2022 06:56 AM AEST| By Rupam RoyBenchmark US indices extended their slide for a third straight session on Monday, May 9, with the S&P 500 slipping to its lowest level since April 2021, dragged down by losses in mega-cap growth stocks. The S&P 500 was down 3.20% to 3,991.24...
FTSE 100 suffers sell-off, growth concerns dent global risk appetite
May 10, 2022 12:37 AM AEST| By Priya BhandariUK Market News: The UK stock market suffered a sharp sell-off on Monday, with the blue-chip FTSE 100 Index declining around 2%. Worries about interest rates and a tightening lockdown in China deepened investors’ fears that the global economy is...
Wall Street retreats after mixed job data; CI, TU rally
May 07, 2022 07:51 AM AEST| By Rupam RoyBenchmark US indices closed lower for the second consecutive day on Friday, May 6, as growth stocks retreated amid higher Treasury yields, and mixed jobs data fueled more interest rate rise worries. The S&P 500 declined 0.57% to 4,123.34. The Do...
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FTSE 100 fell on recession warning, IAG reports weak earnings
May 07, 2022 01:00 AM AEST| By Rishika RainaUK Market News: The UK stock market fell on Friday, with the blue-chip FTSE 100 Index, which comprises global companies including miners and energy giants, dropping by almost a percent, with most of the sectoral indices in the red. The British Airway...
US indices drop on more rate hike fears; SHOP, Wayfair, ETSY fall
May 06, 2022 07:56 AM AEST| By Rupam RoyWall Street’s main indices fell sharply on Thursday, May 5, the biggest drop since the early days of the pandemic as investors feared a steep rate hike at the Fed’s next meeting in June. The S&P 500 fell 3.56% to 4,146.87. The Dow Jo...
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FTSE 100 moves higher after BoE’s rate hike announcement
May 06, 2022 12:32 AM AEST| By Rishika RainaUK Market News: The UK stock market moved higher on Wednesday, with the blue-chip FTSE100 index gaining around 1.5% after the Bank of England’s (BoE’s) rate hike announcement. The Monetary Policy Committee (MPC) of the BoE has raised...
US stocks rise after Fed's half-point rate hike; MRNA, SBUX, LTHM rally
May 05, 2022 06:50 AM AEST| By Rupam RoyWall Street indices climbed higher on Wednesday, May 4, following the Federal Reserve's announcement of its widely anticipated half-point interest rate hike, marking the highest rate increase since 2000. The S&P 500 was up 2.99% to 4,300.17. The...
FTSE 100 dips, oil majors surge on EU plans of Russian oil import ban
May 05, 2022 01:31 AM AEST| By Priya BhandariUK Market: The UK stock market extended its weakness on Wednesday, with the blue-chip FTSE 100 index losing around another half a percent, as markets expect the US interest rate hike by 50 basis points from the US Federal Reserve to combat sharply...
US stocks close higher as Fed meets on rate hike; PFE, BP, WDC rally
May 04, 2022 07:08 AM AEST| By Rupam RoyWall Street indices closed higher on Tuesday, May 3, as the Federal Reserve began its two-day policy meeting in which officials are expected to deliberate on the next interest rate hikes. The S&P 500 was up 0.48% to 4,175.48. The Dow Jones rose...
FTSE 100 turns cautious ahead of BoE’s interest rate decision
May 04, 2022 01:04 AM AEST| By Rishika RainaUK Market: The UK stock market started the holiday-shortened week lower on Tuesday. The blue-chip FTSE 100 index was trading down by around 0.80% as a strong sterling weighed on export-oriented stocks and offset upbeat results from oil major BP. It c...
US stocks close higher after yields rise to 3-year high; SAVE, ATVI rally
May 03, 2022 07:40 AM AEST| By Rupam RoyUS stocks closed higher on Monday, May 2, after yields on 10-year Treasury notes jumped 3%, the highest increase in more than three years. The S&P 500 was up 0.57% to 4,155.38. The Dow Jones rose 0.26% to 33,061.50. The NASDAQ Composite increase...
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FTSE 100 gains, packaging stocks lead
April 30, 2022 01:20 AM AEST| By Rishika RainaUK Market News: The UK stock market moved higher on Friday, with the blue-chip FTSE100 index up by over half a percent. Packaging stocks have boosted the index, with Mondi, DS Smith, and Smurfit Kappa being among the top risers, going up by over 3% e...
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UK market extends gaining streak, Sainsbury slips on profit warning
April 29, 2022 01:12 AM AEST| By Priya BhandariThe UK stock market remained in a jubilant mood on Thursday, with the blue-chip FTSE 100 Index adding another over a percent. The index gain was driven by solid earnings from companies such as Standard Chartered Plc and Whitbread Plc. Although there...
Dow, S&P close higher on strong earnings; MSFT, Visa, TMUS rally
April 28, 2022 06:57 AM AEST| By Rupam RoyDow Jones and S&P 500 edged higher while Nasdaq closed flat on Wednesday, April 27, as strong quarterly earnings of Microsoft Corp and Visa Inc lifted the market sentiment in a reversal from the previous day’s fall. The S&P 500 rose 0....
FTSE 100 extends gains; mining stocks lead
April 28, 2022 12:33 AM AEST| By Rishika RainaUK Market News: The UK stock market has extended the gains on Wednesday, with the blue-chip FTSE 100 index up by over half a percent. Most of the mining stocks like Anglo American, Rio Tinto, Antofagasta, and Fresnillo have once again taken the lead...
US stocks retreat ahead of big earnings; TSLA, GE, UPS decline
April 27, 2022 06:54 AM AEST| By Rupam RoyWall Street’s main indices edged lower on Tuesday, April 26, ahead of the earnings of big companies like Microsoft and Alphabet as investors weighed the risks of slow growth and higher interest rates. The S&P 500 was down 2.81% to 4,175.20...
FTSE 100 bounce back led by miners and homebuilders
April 27, 2022 12:41 AM AEST| By Priya BhandariUK Market: The UK stock market made a strong comeback on Tuesday after three days of the selloff, with the blue-chip FTSE 100 index up by 0.96%. The index gains were led by shares of miners and homebuilders, with Glencore Plc, Anglo American, and Ant...
US stocks rise after Twitter nod to Musk's buyout offer; KO rallies
April 26, 2022 06:55 AM AEST| By Rupam RoyBenchmark US indices closed the first day of the week on a positive note on Monday, April 26, after Twitter board agreed to Elon Musk’s US$44 billion buyout offer, marking a watershed moment for the social media company. The S&P 500 was do...
FTSE 100 extends fall amid rising fears of lockdown in China
April 26, 2022 01:38 AM AEST| By Rishika RainaUK Market News: The UK stock market extended the weak trade on Monday, with the blue-chip FTSE 100 index down by over 1.5%. The zero Covid policy of China has led to heavy selling across global markets. Mining shares like Anglo American and Rio Tinto...
Wall Street edge lower on weak earnings; SNAP, VZ, GPS decline
April 23, 2022 06:53 AM AEST| By Rupam RoyBenchmark US indices closed the week lower on Friday, April 22, as weak earnings and the relentless fall in growth stocks weighed on investors' minds. The S&P 500 was down 2.77% to 4,271.78. The Dow Jones fell 2.82% to 33,811.40. The NASDAQ Comp...
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