Stocks struggled to make headway, following a furious post-election rally that spurred calls for a breather amid signs of buyer fatigue.
Equities wavered near all-time highs, with the S&P 500 remaining close to technically overbought levels. That's after a surge that drove the benchmark gauge up 25% this year. Several measures highlight strong trader optimism, including the latest figures from the American Association of Individual Investors, which showed a spike in bullish sentiment last week.
In the run-up to Jerome Powell's speech on Thursday, traders waded through economic data. US producer prices picked up in October, fueled in part by gains in portfolio management and other categories that feed into the Federal Reserve's preferred inflation gauge. Applications for unemployment benefits fell to the lowest level since MayIn the run-up to Jerome Powell's speech on Thursday, traders waded through economic data. US producer prices picked up in October, fueled in part by gains in portfolio management and other categories that feed into the Federal Reserve's preferred inflation gauge. Applications for unemployment benefits fell to the lowest level since May.
The S&P 500 fell 0.1% as of 11 a.m. New York time.
The Nasdaq 100 fell 0.2%.
The Dow Jones Industrial Average was little changed.
Source : Bloomberg
US stocks closed sharply lower on Friday as a Broadcom-led rout among the largest tech weights sparked a rotation into cyclicals and defensive names. The S&P 500 fell 1% and the Dow gave back 0.4%...
Europe's benchmark index dropped on Friday, retreating from the edge of a record high as a selloff in US technology stocks weighed on global gauges. The Stoxx Europe 600 declined 0.5%, reversing...
The STOXX 50 rose 0.5% and the STOXX 600 gained 0.3% on Friday, marking a second consecutive session of increases and tracking global optimism after the Federal Reserve cut the fed funds rate and stru...
Asian stocks opened higher on Friday (December 12) morning after Wall Street and global equity indexes set new records. The MSCI Asia Stock Index rose about 0.5% early in the session, with the Japanes...
The Dow jumped more than 600 points to a fresh record and the S&P 500 reversed early session losses to trade marginally higher, while the Nasdaq pared losses to roughly 0.5% on Thursday afternoon ...
The US dollar remains sluggish after experiencing intense pressure following the Fed's decision to cut interest rates by 25 bps. The US Dollar Index (DXY) remains in the lower zone and is trending lower weekly, as market participants assess the...
Gold (XAU/USD) advances modestly on Friday as traders seem to book profits ahead of the weekend, yet clings to gains of over 0.51% after reaching a seven-week high of $4,353 as traders digest comments from Federal Reserve (Fed) officials. Bullion...
US stocks closed sharply lower on Friday as a Broadcom-led rout among the largest tech weights sparked a rotation into cyclicals and defensive names. The S&P 500 fell 1% and the Dow gave back 0.4% after touching record highs, while the Nasdaq...
The Federal Reserve on Wednesday said that it would start buying short-dated government bonds to help manage market liquidity levels to ensure the...
Asia-Pacific markets opened higher on Thursday morning after the Federal Reserve delivered its third interest rate cut this year. The Fed cut the...
European equities edged lower on Wednesday as investors adopted a cautious stance ahead of the Federal Reserve's policy decision, limiting risk...
Both the STOXX 50 and the STOXX 600 slipped 0.2% on Thursday, marking a third straight session of losses for the former.
Weak sales and profit...