The S&P 500 edged to a new record close on Tuesday, and the Nasdaq 100 gained 0.4%, building on Monday's record finish. Meanwhile, the Dow slipped 76 points as investors awaited fresh market catalysts.
Investors digested stronger-than-expected October JOLTS data, with job openings rising by 372,000 to 7.74 million, while the quits rate increased to 2.1%, signaling worker confidence. Markets now see a 74% chance of a Fed rate cut on December 18, up from 62% a day earlier.
In corporate news, US Steel Corporation shares fell 8% after President-elect Donald Trump pledged to block its $15 billion takeover by Nippon Steel, citing plans for tax incentives and tariffs to support the company. Tesla shares dropped 1.6% after a Delaware judge rejected Elon Musk's $56 billion pay package for a second time.
The decline was further fueled by reports of falling shipments for Tesla's China-built models. AT&T rose 4.7% on cash flow forecasts, while Salesforce gained 0.4% ahead of earnings.
Source : Trading Economics
Both the STOXX 50 and STOXX 600 reversed early gains and closed down 0.6% and 0.8%, respectively, on Thursday, retreating from new record highs reached earlier in the session amid downbeat corporate r...
Wall Street traders bracing for a wave of economic releases after the end of the US shutdown drove stocks lower and bond yields higher amid concern over whether the data will ...
European equities extended gains for a fourth consecutive session on Thursday, with both the STOXX 50 and the STOXX 600 rising nearly 0.2% to fresh record highs. The advance reflected a broadly posit...
Asia-Pacific markets mostly rose Thursday, following mixed trading on Wall Street as investors kept an eye on the U.S. government, which appeared poised to reopen as soon as the end of the week. Japa...
US stocks rallied, with the Dow surging 410 points to a new record high, while the S&P 500 and Nasdaq posted modest gains, as confidence grew that the prolonged government shutdown would end this ...
Both the STOXX 50 and STOXX 600 reversed early gains and closed down 0.6% and 0.8%, respectively, on Thursday, retreating from new record highs reached earlier in the session amid downbeat corporate results. Siemens shares plunged 9.1% after the...
Gold prices rose to a more than three-week high on Thursday (November 13), supported by expectations that the release of economic data following the reopening of the US government could strengthen the case for a Fed rate cut next month. Spot gold...
Oil prices recovered from a sharp decline as traders weighed the prospect of a record surplus against the supply risks posed by U.S. sanctions. West Texas Intermediate crude traded near $59 a barrel after falling nearly 4.2% on Wednesday, its...
Global financial market optimism has increased after the latest data indicated a strong chance that the Federal Reserve (The Fed) will cut interest...
Fed increasingly fractured over Dec rate cut
Federal Reserve officials are growing increasingly fractured over whether to cut interest rates in...
Asian stocks advanced for a second consecutive day as progress toward ending the record-long US government shutdown lifted sentiment,...
Lawmakers returned to Washington on Tuesday (November 11th), after a 53-day recess, facing crowded airports across the country for a vote that could...