The three major U.S. indexes hovered around the flatline on Wednesday as traders digested a weaker-than-expected CPI report and digested the latest developments in the U.S.-China trade war.
All major inflation measures came in below expectations, suggesting that consumers are yet to feel the impact of President Trump's tariffs, perhaps because the most severe duties are still on hold or because businesses are still absorbing the extra costs. The data bolstered views that the Fed could cut interest rates twice this year.
Meanwhile, President Trump said a trade deal with China was done. After two days of negotiations, officials from the U.S. and China agreed on a framework to implement the Geneva consensus. However, the lack of concrete details and the need for final approval from Presidents Donald Trump and Xi Jinping kept markets cautious. Healthcare and consumer staples were the best performing sectors while industrials and materials lagged. (alg)
Source: Trading Economics
US stocks recovered from sharp early losses on Friday (November 14th), but closed flat to lower as investors bought back major technology stocks and reassessed the likelihood of a December interest ra...
US stocks moved lower on Friday, with the S&P 500 down 1% and the Nasdaq falling 1.6%, both hitting one-month lows, while the Dow Jones dropped about 400 points. The tech sector remained under he...
Gauges in Japan, South Korea and Australia all opened weaker, even as an index of the region was poised for its third gain in four weeks. The S&P 500 closed 1.7% lower while the Nas...
US stocks plunged on Thursday (November 13), with the S&P 500 falling 1.5%, the Nasdaq 1.9%, and the Dow Jones Industrial Average returning to a record high after a 1.5% decline amid a selloff in ...
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...
US stocks recovered from sharp early losses on Friday (November 14th), but closed flat to lower as investors bought back major technology stocks and reassessed the likelihood of a December interest rate cut. This left the S&P 500 and Nasdaq 100...
Oil prices rose more than 2% on Friday (November 14th) as the Russian port of Novorossiisk halted oil exports following a Ukrainian drone attack on an oil depot in the Russian energy hub, sparking supply concerns. Brent crude futures closed up...
Gold prices fell 3% on Friday (November 14th) due to a broader market sell-off, triggered by hawkish remarks from US Federal Reserve officials, which dimmed hopes of a December interest rate cut. Spot gold prices fell 1.9% to $4,092.72 an ounce,...
Gauges in Japan, South Korea and Australia all opened weaker, even as an index of the region was poised for its third gain in four weeks....
Citing worries about inflation and signs of relative stability in the labor market after two U.S. interest rate cuts this year, a growing number of...
US stocks recovered from sharp early losses on Friday (November 14th), but closed flat to lower as investors bought back major technology stocks and...
US stocks moved lower on Friday, with the S&P 500 down 1% and the Nasdaq falling 1.6%, both hitting one-month lows, while the Dow Jones dropped...