BEIJING – Asian stock markets were mixed Thursday after the US economy contracted and China reported stronger factory activity. The Nikkei 225 NIK, -1.41% in Tokyo fell 1.3% after June industrial production slumped 7.2% compared with the previous month. That was the sharpest decline since the start of the coronavirus pandemic in early 2020. The … Read more
US stocks rose on Wednesday as investors digested comments from central bankers at a panel in Europe that provided insight into their views on the economy, inflation and the path of monetary policy. The S&P 500 added 0.2%, after the broad-market index closed down 2% on Tuesday. The Dow Jones Industrial Average was up 0.5%, … Read more
US stock indices pushed higher after a wobbly start Wednesday, leaving Wall Street potentially on to gain ground after back-to-back losses, as investors tune in to remarks by central bankers while fretting that soaring inflation is damaging the world’s biggest economy. How are stock indexes trading? The Dow Jones Industrial Average DJIA, + 0.13% was … Read more
Investors and traders attempting to navigate one of the most treacherous periods in financial markets in years are all but sure to face more volatility during the second half of this year. One major reason is that few seem to be prepared for the risk that US inflation, already at an almost 41-year high of … Read more
US stocks gave up early gains to turn lower Tuesday after a consumer-confidence reading came in weaker than expected. What’s happening The Dow Jones Industrial Average DJIA, -0.67% was down 185 points, or 0.6%, at 31,253. The S&P 500 SPX, -1.10% fell 38 points, or 1%, to 3,862. The Nasdaq Composite COMP, -2.00% dropped 202 … Read more
The housing market is finally catching a breath after a two-year sprint. A new report breaks down how the frenzy unfolded. The report, called the ‘State of the Nation’s Housing 2022’ by Harvard Joint Center for Housing Studies, reveals the steep rise in costs associated with owning or renting a home, and how competition among … Read more
Amazon’s Prime Day Isn’t Quite the Blockbuster It Once WasThe Wall Street Journal
Consumer sentiment fell to its lowest point on record, reflecting that elevated inflation is weighing on Americans’ moods and adding to indicators that point to a slowing in the world’s largest economy. The University of Michigan’s gauge of consumer sentiment reached a final reading of 50 in June. That was the lowest reading on record … Read more
It’s easy to want to duck for cover given the carnage seen this year in stocks and bonds, particularly with the Federal Reserve vowing to wage an unconditional battle against high inflation. While inflation running at a 40-year high still sits near the top of the list of worries for many investors, another potential bugaboo … Read more
Foreign investors selling stocks and bonds are hoarding the US dollar as market volatility picks up. Typically investors repatriate cash into their local currency, but not this time. US capital flow data show the foreign cash pile of dollars is close to records as investors reduce risky assets in portfolios and hang on to the … Read more