The S&P 500 rose slightly on Tuesday as Wall Street looked for more developments out of Washington on the current U.S. government shutdown that is now in its second week.
The broad market index climbed 0.1%, while the Nasdaq Composite gained 0.2%. The Dow Jones Industrial Average traded around the flatline.
Hopes that the government would reopen on Monday were dashed after the Senate for a fifth time failed to pass a House bill that would have funded the government through Nov. 21. The chamber voted mostly along party lines. At least eight Democrats need to join Republicans to meet the 60-vote necessary for advancing the legislation.
President Donald Trump once again blamed Democrats for the shutdown in a Truth Social post Monday evening, in which he wrote that he's "happy to work with the Democrats on their Failed Healthcare Policies, or anything else, but first they must allow our Government to re-open." The president had earlier that day suggested that talks with Democrats, who have demanded that any stopgap funding measure should include an extension of enhanced Obamacare tax credits, were taking place and paying off.
Source : CNBC
European stock markets opened largely unchanged. The Stoxx 600 traded flat, but the energy sector was supported by Shell, which rose around 2% after reporting a recovery in its oil and gas trading per...
The S&P 500 and Nasdaq 100 extended record closes on Monday, rising 0.4% and 0.8%, fueled by AI-related dealmaking that boosted investor sentiment despite the US government shutdown entering its s...
The S&P 500 and Nasdaq Composite closed at record highs on Monday, spurred by optimism about increased mergers and acquisitions activity after two major deals were announced. The broad market S&a...
Euro Area Stock MarketEuropean stocks closed mostly lower on Monday as fresh political turmoil in France rekindled concerns of fiscal instability among the Eurozone's largest economies. The Eurozone'...
US stocks were higher on Monday, with the S&P 500 up 0.3%, the Nasdaq gaining 0.5%, and the Dow Jones rising roughly 60 points, as AI-related partnerships continued to support investor sentiment. ...
Systematic hedge funds have lost money every day since October began, according to a Goldman Sachs client note. These speculators, whose algorithms ride market trends until they peter out and who use market signals rather than views on the...
The S&P 500 rose slightly on Tuesday as Wall Street looked for more developments out of Washington on the current U.S. government shutdown that is now in its second week. The broad market index climbed 0.1%, while the Nasdaq Composite gained...
The dollar continued its strengthening for a second day, pressuring all G-10 currencies; the Japanese yen slumped for a fourth session to its weakest level since March before paring losses. The Bloomberg Dollar Spot Index rose about 0.6% in two...
Asian stocks surged to new highs, led by Japan's Nikkei 225, which surged more than 4% following the election of pro-stimulus lawmaker Sanae...
The S&P 500 and Nasdaq Composite closed at record highs on Monday, spurred by optimism about increased mergers and acquisitions activity after...
Hamas officials were in Egypt on Monday (October 6th) ahead of talks with Israel that the US hopes will lead to an end to the war in Gaza and the...
Euro Area Stock MarketEuropean stocks closed mostly lower on Monday as fresh political turmoil in France rekindled concerns of fiscal instability...