Stock futures rise as Wall Street looks to snap a three-week losing streak

Stock futures gained Friday as Wall Street looked to grind out a rare positive week in what has been a rough first half of the year. Futures tied to the Dow Jones Industrial Average rose 222 points, or 0.7%. Futures for the S&P 500 were 0.8% higher, while Nasdaq 100 futures advanced 0.8%. The moves … Read more

Nasdaq adds 1% as bond yields slip, Wall Street considers recession risk

The Nasdaq Composite added 1% as bond yields slipped, and Wall Street continued to weigh recession risks. The Dow Jones Industrial Average rose 37 points, or 0.1%. The S&P 500 gained 0.4%. The tech-heavy Nasdaq outpaced the other averages as market participants continued to mull over the likelihood of an economic downturn, and as the … Read more

Powell tells Congress the Fed is ‘strongly committed’ to bringing down inflation

Jerome Powell, chairman of the US Federal Reserve, arrives at a Senate Banking, Housing, and Urban Affairs Committee hearing in Washington, DC, US, on Wednesday, June 22, 2022. Ting Shen | Bloomberg | Getty Images Federal Reserve Chairman Jerome Powell told congressional lawmakers Wednesday that the central bank is determined to bring down inflation and … Read more

Stock futures fall after markets claw back some losses

US stock index futures fell overnight Tuesday after the major averages jumped in regular trading hours, attempting to claw back some losses following weeks of selling. Futures contracts tied to the Dow Jones Industrial Average slipped 185 points or 0.61%, while S&P 500 futures declined 0.63%. Nasdaq 100 futures dipped 0.63%. During regular trading Tuesday, … Read more

Stock futures rise after Fed raises rates by most since 1994

US stock index futures jumped during overnight trading on Wednesday after the Federal Reserve implemented the largest interest rate hike since 1994. Futures contracts tied to the Dow Jones Industrial Average added 0.58% or around 170 points. S&P 500 futures were up 0.74%, while Nasdaq 100 futures advanced 0.77%. The major averages ended Wednesday’s session … Read more

Fed raises rate, oil prices and currencies

SINGAPORE — Asia-Pacific markets rallied on Thursday, tracking US stocks after the Federal Reserve raised benchmark interest rates 75 basis points in a move that equates to the most aggressive hike since 1994. Japan’s Nikkei 225’s rose nearly 2% after markets opened and it was a sea of ​​green among the automakers and tech stocks. … Read more

Stock futures rise as investors brace for a big Fed rate hike

Stock futures rose in early morning trading on Wednesday as investors anxiously awaited the Federal Reserve’s aggressive action to tame surging inflation. Futures on the Dow Jones Industrial Average were up 170 points, or 0.6%. S&P 500 futures edged up 0.7% and Nasdaq 100 futures jumped 0.8%. The S&P 500 suffered a five-day losing streak … Read more

Coinbase lays off 18% as execs prepare for recession, ‘crypto winter’

Coinbase Founder and CEO Brian Armstrong attends Consensus 2019 at the Hilton Midtown on May 15, 2019 in New York City. Steve Ferdman | Getty Images Coinbase is laying off almost a fifth of its workforce amid a collapse in its stock and crypto prices. The cryptocurrency exchange will cut 18% of full-time jobs, according … Read more

Stock futures rise after the S&P 500 closes in an official bear market

US stock futures rose early Tuesday morning after the S&P 500 on Monday dropped back into bear market territory ahead of the Federal Reserve’s two-day policy meeting this week. Dow Jones Industrial Average futures rose by 296 points, or 0.92%. S&P 500 and Nasdaq 100 futures climbed 1.07% and about 1.25%, respectively. The moves came … Read more

Asia stocks continue to slide after Monday losses; Alibaba drops more than 5%

Risk assets have plummeted with recession risk rising given the surge in yields and expectations of the Fed doing a Volcker. Strickland Lids Director of Economics, National Australia Bank Mainland Chinese stocks also declined as the Shanghai Composite fell 0.87% and the Shenzhen Component fell 1.41%. South Korea’s Kospi dipped 1.59%. Australia’s S&P/ASX 200, which … Read more