Stocks retreated on Tuesday, as a downbeat outlook from a giant chipmaker, Micron, added to recession fears. Investors were unwilling to make any risky moves before Wednesday’s pivotal inflation reading, which is forecasted to cool a bit while remaining at …
US stock declined on Monday and failed to hold onto gains. S&P500 erased a rally that reached 1% earlier in the day, while the Nasdaq 100 underperformed after an advance that briefly drove the tech 20% above its June low. …
In the week ahead, inflation-related data will dominate the headlines. The Consumer Price Index (CPI) and Producer Price Index (PPI) data from the United States and Gross Domestic Product (GDP) data from the UK are expected to provide further clues …
US stock notched a weekly gain on Friday, as a release of an unexpectedly strong jobs report, which alleviated recession fears but cleared the path for the Federal Reserve to raise interest rates in a more hawkish way at its …
The price of gold continues to consolidate its recent run to new four-week highs ahead of the crucial US NFP report. The yellow metal is supported by rising demand for safe havens in the midst of fears of a recession. …
US stocks wavered on Thursday as traders parsed various corporate earnings against a backdrop of aggressive interest-rate hikes by global central banks. The US yield curve continued to be inverted as recession fears persisted. The S&P 500 ended the session …
US stock rallied on Wednesday, snapping a two-day loss since the beginning of this week, as earnings buoyed the market mood. Investors could clear their concerns about earnings disaster after 70% through the season, as more cheering data like a …
US stock little declined on Tuesday, as Federal Reserve officials implied the next move of the central bank will be more hawkish to calm runaway inflation. Investors are keeping their eyes out for comments from Fed officials about the necessity …
US stock stopped a three-day rally on Monday as hawkish comments from Federal Reserve and data showing slower growth undermined market risk sentiment. Stocks had surged in July on speculation that rampaged inflation may have peaked and the central bank …
The US market is focusing on Non-Farm employment figures this week. The economy added 372,000 payrolls in June of 2022, which is higher than the market forecast of 268,000. Meanwhile, the July projection is at 255,000 additional jobs. US unemployment …
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