Category: Market News
U.S. stocks booked a dramatic turnaround on Tuesday, with the S&P 500 and Nasdaq Composite both ending a choppy session higher, even as investors kept an eye on signs that the U.S. could slip into a recession. The Dow Jones Industrial Average DJIA, -0.42% shed 0.4%, or about 130 points, to finish near 30,967. At […]
Financial stocks traded broadly lower Tuesday, as longer-term Treasury yields continued to fall amid growing concerns that a recession was on the horizon. Lower longer-term yields can weigh on banking profits, as they narrow the spread between what banks earn on longer-term assets, such as loans, that are funded by shorter-term liabilities. The SPDR Financial […]
The Arms Indexes for both the New York Stock Exchange and the Nasdaq exchange are showing that investors are behaving in a relatively calm fashion despite the steep declines in the market indexes. The Arms is a volume-weighted breadth measure that is used to depict the intensity of selling and buying in declining and advancing […]
A widely followed indicator of the economic outlook briefly flashed a recession warning on Tuesday as fears of a downturn continued to grip markets. The spread between 2- TMUBMUSD02Y, 2.812% and 10-year yields TMUBMUSD10Y, 2.828% briefly fell below zero Tuesday morning for the first time since June 14, driven by a bigger decline in the […]
The Dow Jones Industrial Average’s DJIA, +1.05% early selloff Tuesday is unanimous, as the stocks of all 30 of the blue-chip barometer’s components are trading lower in the premarket. Dow futures YM00, -1.06% sank 327 points, or 1.1%, ahead of the open. Among the biggest early decliners, shares of Caterpillar Inc. CAT, -0.26% slid 1.8%, […]
Amid growing optimism of easing COVID-19 restrictions in Asia, which have been particularly strict given China’s zero-COVID policy, the seven-day average of hospitalizations slipped for the first time since mid-April and new cases also dipped. The daily average of new COVID-19 cases fell to 105,754 on Monday from 113,235 on Sunday, but was still up […]
Steven Goldstein is based in London and responsible for MarketWatch’s coverage of financial markets in Europe, with a particular focus on global macro and commodities. Previously, he was Washington bureau chief, directing MarketWatch’s economic, political and regulatory coverage. Follow Steve on Twitter: @MKTWgoldstein. Source: Marketwatch
Steven Goldstein is based in London and responsible for MarketWatch’s coverage of financial markets in Europe, with a particular focus on global macro and commodities. Previously, he was Washington bureau chief, directing MarketWatch’s economic, political and regulatory coverage. Follow Steve on Twitter: @MKTWgoldstein. Source: Marketwatch
The U.S.-listed shares of Li Auto Inc. LI, -1.59% rose 1.5% in premarket trading Friday, after the China-based electric vehicle maker reported a more than 63% jump in second-quarter deliveries. The company said it delivered 13,024 Li ONEs in June, up 68.9% from a year ago, after delivering 11,496 Li ONEs in May. The company […]
The U.S.-listed shares of NIO Inc. NIO, -1.66% jumped 2.4% in premarket trading Friday, after the China-based electric vehicle maker reported June deliveries that rose sharply from last month and from a last year. The company said it delivered 12,961 vehicles in June, up 84.5% from May and 60.3% more than the same period a […]