U.S. stocks drop on recession fears, Nasdaq closes at new bear market low

U.S. stocks drop on recession fears, Nasdaq closes at new bear market low

Tesla gains 3.3% in choppy trade Southwest Airlines slips 5.2% on government scrutiny Indexes down: Dow 1.1%, S&P 500 1.20%, Nasdaq 1.35% Dec 28 (Reuters) – Wall Street’s main indexes ended weaker on Wednesday, with the Nasdaq hitting a 2022 closing low, as investors grappled with mixed economic data, rising COVID cases in China, and … Read more

Tesla, megacap growth stocks pull Nasdaq lower; Dow rises

Tesla, megacap growth stocks pull Nasdaq lower; Dow rises

Tesla slumps on report of reduced output plan China ADRs rise on reopening optimism Indexes mixed: Dow up 0.40%, S&P down 0.11%, Nasdaq down 0.80% Dec 27 (Reuters) – The tech-heavy Nasdaq came under pressure on Tuesday following declines in some megacap growth stocks and Tesla, while optimism around an economic recovery in China after … Read more

Wall St stocks fall, oil rises as China drops quarantine rule

Wall St stocks fall, oil rises as China drops quarantine rule

NEW YORK/LONDON, Dec 27 (Reuters) – Wall Street’s benchmark S&P 500 and the Nasdaq fell on Tuesday after the release of U.S. economic data, while oil prices rose after China said it would scrap its COVID-19 quarantine rule for inbound travellers, which was seen as a major step in reopening its borders. U.S. Treasury yields … Read more

Storm cuts U.S. oil, gas, power output, sending prices higher

Storm cuts U.S. oil, gas, power output, sending prices higher

Dec 23 (Reuters) – Frigid cold and blowing winds on Friday knocked out power and cut energy production across the United States, driving up heating and electricity prices as people prepared for holiday celebrations. Winter Storm Elliott brought sub-freezing temperatures and extreme weather alerts to about two-thirds of the United States, with cold and snow … Read more

Rouble tumbles to near eight-month low vs dollar

Rouble tumbles to near eight-month low vs dollar

This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine MOSCOW, Dec 22 (Reuters) – The rouble slumped to its weakest since late April past 72 against the dollar on Thursday as fears over the impact of sanctions on Russian oil and gas took the currency’s losses this … Read more

Wall St closes slightly higher after four-day sell off

Wall St closes slightly higher after four-day sell off

BOJ policy shift knocks global sentiment Tesla falls 8% after brokerages cut PT Energy stocks lead gains on crude support Indexes up: Dow 0.28%, S&P 0.10%, Nasdaq 0.01% Dec 20 (Reuters) – Wall Street closed slightly higher on Tuesday after four sessions of declines, but investors fretted about weak holiday shopping and rising bond yields … Read more

Wall Street falls fourth straight day as recession worries nag

Wall Street falls fourth straight day as recession worries nag

Dec 19 (Reuters) – Wall Street equities closed lower on Monday for a fourth straight session with Nasdaq leading declines as investors shied away from riskier bets, worried the Federal Reserve’s tightening campaign could push the U.S. economy into a recession. The three major U.S. stock indexes have been pressured since Wednesday, when Fed Chair … Read more

Oil bounces as China demand hopes offset recession fears

Oil bounces as China demand hopes offset recession fears

Reopening of Chinese economy buoys demand hopes Rising interest rates and recession fears weigh U.S. to begin purchases for strategic reserve LONDON, Dec 19 (Reuters) – Oil rose on Monday after tumbling by more than $2 a barrel in the previous session as optimism over the Chinese economy outweighed concern over a global recession. China, … Read more

China Covid ills go from bad to chronically worse

China Covid ills go from bad to chronically worse

HONG KONG, Nov 28 (Reuters Breakingviews) – Protests across China underscore a rising fear among people that President Xi Jinping’s stringent pandemic restrictions may be here to stay. Unfortunately, two squandered years to vaccinate vulnerable groups and bolster hospital resources validate those anxieties. Since the start of the pandemic, infections and deaths in the People’s … Read more

U.S. inflation subsiding as consumer prices rise moderately in boost to economy

U.S. inflation subsiding as consumer prices rise moderately in boost to economy

Consumer price index increases 0.1% in November CPI up 7.1% year-on-year, smallest gain in 11 months Core CPI climbs 0.2%, up 6.0% year-on-year WASHINGTON, Dec 13 (Reuters) – U.S. consumer prices rose less than expected for a second straight month in November amid decreases in the costs of gasoline and healthcare as well as used … Read more