Market updates
US stocks retreat as rate worries haunt again; COIN, SAVE decline
June 27, 2022 02:17 PM PDT| By Rupam RoyUS stocks edged lower on Monday as concerns over the red-hot inflation and tightening monetary stimulus by the Federal Reserve dampened the market market sentiment.
Wall Street notches first weekly gain since May; MSFT, NVDA soar
June 24, 2022 04:04 PM PDT| By Mridul GogoiUS indices snap three consecutive weekly declines to close higher on Friday.
US stocks advance after energy, tech-led gains; NEE, AAPL rise
June 23, 2022 03:02 PM PDT| By Mridul GogoiUS stocks gained on Thursday after a steep decline the day before.
Wall Street recoils after Powell hints at recession; AAPL, MSFT fall
June 22, 2022 03:32 PM PDT| By Mridul GogoiMajor US indexes edged lower on Wednesday, June 22, after Fed Chair Jerome Powell told a Congressional panel that as a soft landing is difficult, a recession is possible, throwing investors on the mat.,The S&P 500 fell 0.13%, to 3759.89. The Dow Jone...
Wall Street rebounds after worst week; SAVE, XOM, AAPL rally
June 21, 2022 03:01 PM PDT| 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 17, 2022 02:09 PM PDT| 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...
US stocks edge lower on recession fears; TSLA, KR, JBL decline
June 16, 2022 01:46 PM PDT| By Rupam RoyBenchmark US indices fell sharply on Thursday, June 16, pulled down by mega-cap tech stocks as investors’ concerns grew over a possible recession a day after Fed’s rate hike. The S&P 500 was down 3.25% to 3,666.77. The Dow Jones lost...
Wall Street rallies after Fed’s big rate hike; NUE, BA, BYND soar
June 15, 2022 01:56 PM PDT| 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 14, 2022 01:55 PM PDT| 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 13, 2022 01:56 PM PDT| 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 10, 2022 02:04 PM PDT| 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 09, 2022 02:12 PM PDT| 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 08, 2022 02:24 PM PDT| 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 07, 2022 01:52 PM PDT| 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 stocks gained on Monday; AMZN, DIDI, BABA surged, TWTR fell
June 06, 2022 03:08 PM PDT| By Mridul GogoiThe S&P 500 surged 0.31% to 4,121.35. The Dow Jones jumped 0.05% to 32,915.78. The NASDAQ Composite gained 0.40% to 12,061.37, and the small-cap Russell 2000 climbed 0.36% to 1,889.89. US stocks gained slightly on Monday amid a lingering fear ov...
Wall Street stocks retreat after jobs data; TSLA, MU plummet
June 03, 2022 03:33 PM PDT| By Rupam RoyUS stocks fell sharply on Friday, June 3, from their previous highs, rounding off a volatile week as investors weighed the Fed’s rate hike plans against looming recessionary risks. The S&P 500 fell 1.63% to 4,108.54. The Dow Jones shed 1.0...
Wall Street edges higher as mega-cap gains; MSFT, CHWY stocks rally
June 02, 2022 02:11 PM PDT| 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 01, 2022 02:03 PM PDT| 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
May 31, 2022 02:06 PM PDT| 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 27, 2022 02:10 PM PDT| 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...