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Market updates
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.
FTSE 100 turns lower as inflation pushes UK debt to costs to record high
June 24, 2022 01:09 AM AEST| By Abhishek SharmaUK Market News:,The UK stock market witnessed fresh strain on Thursday after ONS showed that the government borrowed £14 billion in May, significantly higher than economists' forecast. The FTSE 100 index shed over 0.50%, touching a low of 7,015.06, b...
UK stock market slides, as inflation hits new 40-year high
June 22, 2022 11:57 PM AEST| By Priya BhandariUK Market News:,The UK stock market declined on Wednesday as a fall in oil and metal prices weighed on the commodity stocks. The blue-chip FTSE 100 index loosed over 1% after new figures from the Office for National Statistics (ONS) revealed UK infla...
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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.
FTSE 100 rallies, energy stocks surge
June 22, 2022 12:32 AM AEST| By Rishika RainaFTSE 100 rallies,,energy stocks surge,UK Market:,The UK stock market moved higher on Tuesday, with the blue-chip FTSE100 index gaining over 0.5%. Rallying crude prices led to a surge in energy stocks amid restricted supplies of crude and fuel product...
FTSE 100 edges higher, BoE drops mortgage market affordability test
June 21, 2022 01:26 AM AEST| By Priya BhandariUK Market News: The UK stock market advanced on Monday after a dreadful last week over economic worries, and further interest rate hikes fear from major central banks. The blue-chip FTSE 100 index gained over a per cent on Monday, boosted by gains in...
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...
FTSE 100 recover some last-session losses, Glencore moves up
June 18, 2022 01:24 AM AEST| By Priya BhandariUK Market News: The UK stock market recovered on Friday from a sharp fall in the last session, with the blue-chip FTSE 100 index gaining around a per cent. Oil and mining stocks tried to push the blue-chip index lower as commodity prices slippe...
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UK market suffers brutal sell-off, as BoE raises interest rates again
June 17, 2022 12:57 AM AEST| By Priya BhandariUK Market News: The UK stock market suffered a sharp sell-off on Thursday after the Bank of England’s rate hike announcement, with the blue-chip FTSE 100 index losing over 2.5%. The Bank of England (BOE) has raised interest rates for the fifth...
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...
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FTSE 100 rallies ahead of BoE’s decision, markets bet on Fed rate hikes
June 16, 2022 01:35 AM AEST| By Rishika RainaUK Market: The UK stock market bounced back on Wednesday, with the blue-chip FTSE100 index gaining over 1.4%. Consumer stocks including Whitbread and WH Smith aided, the index with the declaration of their robust earnings. Markets are expec...
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....
UK Market turn cautious as real-term wages fall
June 15, 2022 12:57 AM AEST| By Priya BhandariUK Market News: The UK stock market edged lower on Tuesday, with the blue-chip FTSE 100 index losing over half a per cent towards the end of the session. Investors have turned nervous ahead of the central bank’s meetings. Experts are expecting...
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...
FTSE 100 slumps as GDP shrinks for second straight month
June 14, 2022 01:24 AM AEST| By Rishika RainaUK Market: The UK stock market turned lower on Monday, with the blue-chip FTSE100 index losing over 1.5%, hitting its lowest level in over a month. This happened after the Office for National Statistics (ONS) released the GDP monthly estimate fo...
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...
FTSE 100 slumps as US inflation hit a fresh 40-year high in May
June 11, 2022 01:10 AM AEST| By Priya BhandariUK Market: The UK market plunged on Friday, with the blue-chip FTSE 100 index falling over 1.20%. The blue-chip index headed for one of its worst weeks of the year, with miners leading the losses after parts of Shanghai announced fresh COVID-19 curbs...
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...
FTSE 100 extends losses ahead of ECB’s decision on interest rates
June 10, 2022 12:45 AM AEST| By Rishika RainaUK Market: The UK stock market was down for the third consecutive session on Thursday, with the blue-chip FTSE100 index losing over a per cent. The FTSE 100 index and the European stock markets were trading in the negative territory...
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...
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