As things stand, the major stock indices are headed for a losing week. Through Thursday’s close, the S&P 500 is down nearly 2 percent, while the Dow has slipped 1.9 percent.
Yields on long-duration Treasuries shot up, with the 30-year bond climbing to 5.1 percent — a level last seen in October 2023. The benchmark 10-year yield hovered just below 4.6 percent.
The latest bout of selling came after the U.S. House of Representatives, in a party-line vote, cleared a bill that proposes sweeping tax cuts and higher military spending
Here are some answers to questions about bull and bear markets.
The S&P 500 rallied and closed above its 200 day moving average for the first time since April after the release of Powell's remarks prepared for delivery at the Brookings Institution think tank in Washington.
The yellow metal had closed at Rs 52,079 per 10 grams in the previous trade.
The S&P 500 fell more than 1%, its biggest daily percentage decline since Nov. 26, the first day of trading after news of the Omicron variant of the coronavirus.
Trading was choppy, with the Dow and S&P 500 erasing session gains just before the close, while the Nasdaq finished slightly higher.
The number of Americans filing new claims for unemployment benefits declined further last week, while layoffs dropped in July to their lowest level in just more than 21 years.
The company, arguably the breakout financial technology startup of its generation, priced its IPO on Wednesday at the lower end of its $38 to $42 range and raised $2.1 billion.
Japan’s Nikkei and Australia’s benchmark shares rose 0.4% each. Chinese shares gained with the blue-chip index up 0.9%
The S&P 500 financial sector hit a record high, while expected growth in fuel demand boosted oil prices and helped lift the energy sector 3.9 percent, its biggest one-day gain in nearly four months.
The Dow Jones Industrial Average rose 34.7 points, or 0.10 percent, at the open to 34428.66. The S&P 500 rose 8.9 points, or 0.21 percent, at the open to 4205.94, while the Nasdaq Composite rose 60.4 points, or 0.44 percent, to 13721.543 at the opening bell.
Adding to the negative tone, US House Speaker Nancy Pelosi rejected President Donald Trump's latest offer on COVID-19 stimulus, in the latest sign that a bipartisan deal on coronavirus relief remains unlikely ahead of the November election.
Data showed about 1.48 million Americans signed up for unemployment benefits in the last week. The figure came in only slightly below the 1.5 million in the prior week as weak demand forced US employers to lay off workers even as businesses reopened.
The stock also got a boost from a bullish call by Wedbush, which lifted its target price for the automaker to $1,000 and said Tesla could have "more room to run."
Some analysts believe the recent drone attacks on Saudi Arabia oil facilities can work as a catalyst for the US central bank to go for a rate cut.
The Dow Jones Industrial Average rose 34.31 points, or 0.14 percent, to 24,423.26, the S&P 500 gained 4.64 points, or 0.18 percent, to 2,637.72 and the Nasdaq Composite added 51.27 points, or 0.74 percent, to 7,020.52.
Here's a roundup of key updates in commodities market.
Here's a roundup of key updates in commodities market.
Here's a roundup of the key happenings in the commodities market, with a deep dive into some of the most active counters.
Watch the video for a roundup of key happenings in the commodities market with a deep dive into some of the most active counters.
The Dow Jones Industrial Average rose 100.26 points, or 0.47 percent, to 21,613.43, the S&P 500 gained 7.17 points, or 0.29 percent, to 2,477.08 and the Nasdaq Composite added 1.37 points, or 0.02 percent, to 6,412.17.
The Dow Jones Industrial Average was up 84.65 points, or 0.39 percent, to 21,637.74, the S&P 500 gained 11.44 points, or 0.47 percent, to 2,459.27, and the Nasdaq Composite added 38.03 points, or 0.61 percent, to 6,312.47
The Dow Jones Industrial Average rose 143.95 points, or 0.68 percent, to 21,454.61, the S&P 500 gained 21.31 points, or 0.88 percent, to 2,440.69 and the Nasdaq Composite added 87.79 points, or 1.43 percent, to 6,234.41