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Global Markets

Global Markets

The S&P 500 closed up 0.01% after being down 2.27% at one point or below the level would confirm a bear market - a 20% decline from its Jan. 3 record closing high.

Global stocks rebound; dollar gains as investors turn risk-averse

May 21, 2022

China cut its prime rate for five-year loans, which influences mortgage prices, by 15 basis points in a reduction that was sharper than expected as authorities seek to cushion the impact of an economic slowdown.

Nine of the 11 major S&P sectors advanced in morning trade. Energy was the top performer, up 2.2%, followed by healthcare and technology sectors.

Wall St rises as growth stocks gain after 2 days of selloff; Dow up nearly 200 pts

May 20, 2022

Microsoft Corp, Amazon.com and Apple Inc, rose between 1.5% and 1.8%, providing the biggest boost to the S&P 500 and the Nasdaq.

MSCI's broadest index of Asia-Pacific shares outside Japan quickly built on early gains after the cut, and was last up 1.4%.

Asian shares rise in early trade as China cuts key lending rate

May 20, 2022

China cut its five-year loan prime rate (LPR) by 15 basis points on Friday morning, a sharper cut than had been expected, as authorities seek to cushion an economic slowdown.

Wall St: S&P 500, Dow slip as Cisco drags, Nasdaq steady after selloff (Photo: Reuters)

Wall St: S&P 500, Dow slip as Cisco drags, Nasdaq steady after selloff

May 19, 2022

Shares of the networking gear maker slumped 12.7% as it lowered 2022 revenue growth outlook, taking a hit from Russia exit as well as component shortage due to China lockdowns.

Wall St update: Futures signal more selling as growth fears mount (Photo: Reuters)

Wall St update: Futures signal more selling as growth fears mount

May 19, 2022

Megacap tech and growth shares such as Apple Inc, Microsoft Corp, Amazon.com, Alphabet Inc and Tesla Inc slipped between 1.1% and 2.4% in premarket trading.

The US dollar, which had rallied on falling risk appetite, paused its gains on Thursday, with the greenback easing 0.05% against a basket of major currencies

Asian stocks plummet amid rising inflation, Nikkei falls 2.4%

May 19, 2022

MSCI's broadest index of Asia-Pacific shares outside Japan fell 2% in early Asian trading hours, the first daily decline in a week. Japan's Nikkei tumbled 2.4%.

On Wall Street, the Dow Jones Industrial Average fell 3.56%, the S&P 500 lost 4.03% and the Nasdaq Composite dropped 4.73%.

Global stocks plunge due to rising inflation, US dollar rises

May 19, 2022

The mood was underscored by a 9% surge in British consumer prices and a faster-than-expected acceleration in inflation in Canada.

Wall Street ends sharply lower

Wall Street ends sharply lower; worst one-day loss for S&P 500, Dow Jones in 2 yrs

May 19, 2022

It was the worst one-day loss for the S&P 500 and Dow Jones Industrial Average since June 2020.

All of the 11 major S&P sectors declined in morning trade, with consumer staples and consumer discretionary sectors down 3.5% each.

Wall St: Nasdaq, S&P 500 drop 3% as growth stocks rally wanes; Dow slumps 800 pts

May 18, 2022

Shares of Target Corp fell 25.1% to the bottom of the S&P 500 after its first-quarter profit halved and the company warned of a bigger margin hit on rising fuel and freight costs. 

Recently punished shares of Microsoft, Apple, Tesla and Amazon gained between 2% and 5.1%, driving the S&P 500 and the Nasdaq higher.

Wall Street ends sharply higher, fueled by Apple, Tesla, other growth stocks

May 18, 2022

Ten of the 11 major S&P sector indexes advanced, with financials, materials, consumer discretionary and technology all gaining more than 2%.

Nine of the 11 major S&P sectors advanced in morning trade, with financials up 2.3% and technology 1.8%.

US stocks rise on gains in banks, strong retail sales data

May 17, 2022

Microsoft Corp, Apple Inc, Tesla Inc and Nvidia Corp gained between 1.4% and 4%, providing the biggest boost to the S&P 500 and the Nasdaq.

MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS firmed 0.3%, after shedding 2.7% last week to hit a two-year low.

Asian stocks attempt rally after Wall St bounces from deep lows, China data a risk

May 16, 2022

"The reports should highlight the economic damage from the country's zero-COVID policy - we expect contractions in production and demand indicators," said Bruce Kasman, head of economic research at JPMorgan.

Tesla chief and SpaceX founder Elon Musk took the US stock markets by thunder on Friday

Musk effect on Wall St? Twitter sinks over 10%, Tesla jumps more than 5%

May 13, 2022

Meanwhile, Wall Street's main indexes opened higher on Friday at the end of a bumpy week marked by rising concerns over tighter monetary policy and slowing economic growth.

The Dow Jones rose 233.56 points, or 0.74%, at the open to 31,963.86.

Wall St rallies as growth stocks rebound, Dow rises over 450 pts

May 13, 2022

Growth stocks such as Apple Inc, Google-owner Alphabet Inc, Amazon.com and Nvidia Corp gained between 2.2% and 6.5% after falling for most of the week.

When the dust settled, the S&P and the Dow ended modestly red, but the Nasdaq eked out a modest gain.

Wall St update: S&P, Dow end lower on inflation woes, Nasdaq logs slight gains

May 13, 2022

All three major US stock indexes seesawed and the S&P 500 came within striking distance of confirming it entered a bear market after swooning from its all-time high reached on Jan. 3.

Ten of the 11 major S&P sectors advanced in morning trade. Energy gained 3.4% as oil prices jumped over 4% buoyed by supply concerns.

Wall St: S&P 500, Dow up after inflation data, Nasdaq down on rate hike worries

May 11, 2022

However, the prospect of rising interest rates dented megacap stocks such as Amazon.com, Microsoft Corp, Apple Inc, Meta Platforms and Tesla Inc, which fell between 0.2% and 0.8%.

Declining issues outnumbered advancers for a 1.98-to-1 ratio on the NYSE and a 1.75-to-1 ratio on the Nasdaq.

Wall St slips in choppy trading ahead of inflation data, Dow dips

May 10, 2022

Banks dropped 2.3%, with JP Morgan Chase & Co down 2.4% to weigh the most on the S&P 500.

Investors have also been worried about an economic slowdown in China following a recent rise in coronavirus cases.

S&P 500 below 4,000 for 1st time since March 2021; Nasdaq at lowest since Nov 2020

May 10, 2022

Investors are worried about how aggressive the Federal Reserve will need to be to tame inflation. The U.S. central bank last week hiked interest rates by 50 basis points.

Oil slips on fears of global recession, ahead of EU vote on Russia oil ban

Oil slips on fears of global recession, ahead of EU vote on Russia oil ban

May 09, 2022

Global financial markets are also spooked by concerns over interest rate hikes and extended COVID-19 lockdowns in China that are hurting the world's No. 2 economy.

Asian stocks off to a shaky start as Wall St futures slip

Asian stocks off to a shaky start as Wall St futures slip

May 09, 2022

S&P 500 stock futures led the way with a drop of 1.0%, while Nasdaq futures shed 0.9%. U.S. 10-year bond yields edged up to a fresh top at 3.15%.

Dollar climbs as lockdowns in China, Russian invasion jolt stockmarkets

Dollar climbs as lockdowns in China, Russian invasion jolt stockmarkets

May 09, 2022

The U.S. dollar index gained for a fifth week in a row last week and touched an almost 20-year high after the U.S. Federal Reserve hiked its benchmark funds rate 50 basis points and strong jobs data reinforced bets on further big hikes.