US stocks tumbled on Friday, as Jerome Powell gave a clear message that rates will likely stay high for some time, throwing cold water on the idea of a Federal Reserve pivot that could jeopardize its war against inflation. Moreover, …
US stocks rallied on Thursday, as traders awaited Jerome Powell’s keynote for clues on how much further the Federal Reserve will pump the brakes on the economy to bring inflation back under control. Investors were mostly unfazed by hawkish comments …
US stocks declined on Tuesday, as the markets are bracing for hawkish talk at the Jackson Hole event after recent comments from officials convinced many investors the Fed will continue to tighten even with a slowing economy. Apart from that, …
US stocks plunged on Monday, as the earnings season wrapped up and the threat of an economic recession still looming large amid warnings from Fed officials that the fight against inflation is far from over. That stance will likely be …
US stocks declined on Friday and snapped the longest weekly rally since November. Investors turned cautious and short-sellers resurfaced after Federal Reserve officials beat the drum on hiking rates. The pullback in equities this week follows a rally that has …
US stocks edged higher on Thursday, as mixed economic and earnings reports failed to spark a broad conviction trade. The weekly jobless claims data fell for the first time in three weeks, a sign of strength in demand for labour, …
US stocks declined for the first time in four days as investors assessed the outlook for the path of interest-rate hikes after a minute of Federal Reserve’s last meeting noted officials saw risks from tightening more than necessary. Moreover, the …
US stocks advanced on Tuesday, and closed higher following a sudden pullback in tech shares, as investors assessed the latest round of upbeat earnings against a backdrop of growing concerns over slowing growth and rising borrowing costs. Moreover, reports Monday …
The US stocks rallied for the second day in a row, as investors digested weak data on New York manufacturing and the Chinese economy. The market is coming off a fourth straight weekly gain, the longest run this year, with …
US stock rallied on Friday, with investors assessing whether an inflation slowdown could soon make the Federal Reserve reduce the pace of its most-aggressive tightening campaign in decades and prevent a hard landing. The next few weeks will be crucial …
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