Text size Alibaba stock notched its best-ever one-day gains on Wednesday. Qilai Shen/Bloomberg Investors in Chinese stocks, long-accustomed to pain, have just seen an astonishing turnaround. What comes next? Shares in Chinese tech giants Ali Baba (ticker: BABA) and JD.com (JD) both notched eye-watering gains on Wednesday, climbing 37% and 39%, respectively. It was, by […]
US stocks and government bond yields edged down after the Federal Reserve raised interest rates for the first time since 2018 and oil soared as the market’s focus returned to the Ukraine war. The S&P 500 declined 0.4% in early trading, after the broad-market index closed more than 2% higher on the past two consecutive […]
US stocks rocketed higher in a volatile session and bond yields jumped to the highest level in almost three years after the Federal Reserve officially said it would raise interest rates for the first time since 2018. Major indexes rallied at the open, pared their gains after the Fed announcement and then raced to finish […]
Text size Fed Chair Jerome Powell will host a press conference at 2:30 pm Eastern. Graeme Jennings/POOL/AFP via Getty Images After a brief bout of weakness, the stock market ended the day sharply higher after the Federal Reserve raised interest rates by a quarter-point and signaled that another six could follow. It was a wild […]
US stocks climbed and bond yields jumped Wednesday after the Federal Reserve officially said it would raise interest rates for the first time since 2018. The S&P 500 was up 1.3% in recent trading. The tech-focused Nasdaq Composite advanced 2.4%, and the Dow Jones Industrial Average rose 0.5%. The indexes initially pared their gains in […]
US government bonds yields rose sharply on Wednesday after the Federal Reserve said it would lift short-term interest rates and signaled they could reach nearly 2% by the end of the year. In recent trading, the yield on the benchmark 10-year US Treasury note was 2.239%, according to Tradeweb, compared with 2.160% Tuesday. The two-year […]
(Kitco News) The extremely volatile commodity sector continues to weigh on gold as markets shift their focus to the Federal Reserve’s expected 25 basis rate hike on Wednesday. At one point, gold lost $50 on Tuesday as oil prices and other raw commodities tumbled. Oil fell below $100, with West Texas Intermediate […]
US and global benchmark crude oil officially entered a bear market on Tuesday, just five trading days after they settled at their highest prices since 2008. “The collapse has been spectacular,” Fawad Razaqzada, market analyst at ThinkMarkets, in a market update. On Tuesday, the front-month April West Texas Intermediate crude futures contract CL.1, -7.18% CLJ22, […]
US and global benchmark crude oil entered bear market territory on Tuesday, just five trading days after they settled at their highest prices since 2008. “The collapse has been spectacular,” Fawad Razaqzada, market analyst at ThinkMarkets, in a market update. In Tuesday dealings, the front-month April West Texas Intermediate crude futures contract CL.1, -5.81% CLJ22, […]
Oil prices and Chinese stocks slumped after Beijing imposed sweeping Covid-19 lockdowns, while US stock indexes opened higher ahead of the start of a cycle of interest-rate rises from the Federal Reserve. The S&P 500 rose 0.7% in early trading Tuesday, while the blue-chip Dow Jones Industrial Average was ahead 0.6%. The technology-heavy Nasdaq Composite […]
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