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S&P 500, Nasdaq close up 4th straight week as optimism grows

S&P 500, Nasdaq close up 4th straight week as optimism grows

Nasdaq, S&P 500 post longest weekly win streaks since November S&P 500 recovers 50% of bear market losses S&P 500 is up 17.7% from a mid-June low NEW YORK, Aug 12 (Reuters) – Wall Street closed higher on Friday as signs that inflation may have peaked in July increased investor confidence that a bull market …

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Wall Street rally lifts Nasdaq 20% from low as inflation fears ebb

Wall Street rally lifts Nasdaq 20% from low as inflation fears ebb

Traders work on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., August 8, 2022. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register Fed now seen delivering 50 bps hike in September U.S. consumer price growth slows in July Musk sells Tesla shares worth $6.9 …

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China's factory inflation hits 17-month low, consumer prices speed up

China’s factory inflation hits 17-month low, consumer prices speed up

A worker walks past steel rolls at the Chongqing Iron and Steel plant in Changshou, Chongqing, China August 6, 2018. REUTERS/Damir Sagolj/File Photo Register now for FREE unlimited access to Reuters.com Register July producer inflation at lowest since Feb 2021 July consumer inflation at 2-year high PBOC seen staying accommodative to spur growth BEIJING, Aug …

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Nasdaq closes lower as chipmaker Micron's warning renews tech rout

Nasdaq closes lower as chipmaker Micron’s warning renews tech rout

Micron falls on lowered revenue forecast Semiconductor stocks drop for third session Novavax tumbles after cutting revenue view by half NEW YORK, Aug 9 (Reuters) – The Nasdaq closed down on Tuesday after a dismal forecast from Micron Technology pulled chip makers and tech stocks lower as investors await U.S. inflation data that could lead …

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Wall St trades mixed on Fed tightening fears, Nvidia weighs

Wall St trades mixed on Fed tightening fears, Nvidia weighs

U.S. Senate approves bill on climate change, drug costs Nvidia slides as slump in gaming demand hits Q2 revenue Tyson Foods down on quarterly profit miss Palantir drops on forecast cut Indexes mixed: Dow up 0.14%; S&P, Nasdaq slip Aug 8 (Reuters) – U.S. stock indexes were mixed on Monday after blockbuster jobs data last …

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China's exports gain steam but outlook cloudy as global growth cools

China’s exports gain steam but outlook cloudy as global growth cools

China July exports grow at faster pace, beat forecast Imports again disappoint, highlighting weak domestic demand Trade balance hit record high in July Weak foreign demand adds stress to trade, economic outlook BEIJING, Aug 7 (Reuters) – China’s export growth unexpectedly picked up speed in July, offering an encouraging boost to the economy as its …

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Sterling falls as BoE expects recession, U.S. futures up

European stocks slip, oil recovers, traders await U.S. jobs data

LONDON, Aug 5 (Reuters) – European equities slipped slightly on Friday but were still set for a weekly gain, while traders waited for U.S. jobs data due later in the session to give clues as to the health of the world’s largest economy. The MSCI world equity index, which tracks shares in 47 countries, was …

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Sterling falls as BoE expects recession, U.S. futures up

Sterling falls as BoE expects recession, U.S. futures up

Bank of England hikes rates by 50 basis points BoE expects recession throughout 2023 Fed official: 50bp hike in Sept “reasonable” Oil stabilises after hitting six-month low Lufthansa returns to operating profit LONDON, Aug 4 (Reuters) – Sterling fell on Thursday after the Bank of England followed its counterparts in the United States and euro …

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