Wall St ends lower after choppy trading from rising recession worries

Wall St ends lower after choppy trading from rising recession worries

Apple down after Morgan Stanley cuts Dec shipment target Tesla falls on production loss worries Dec 7 (Reuters) – Wall Street’s main indexes ended broadly lower on Wednesday, after a choppy session where investors struggled to grasp a clear direction as they weighed how the Federal Reserve’s monetary policy tightening might feed through into corporate … Read more

Wall Street dragged by recession fears, S&P on track for 4th decline

Wall Street dragged by recession fears, S&P on track for 4th decline

Meta falls on report of EU concern over targeted ads Energy stocks drop as crude trades at lowest level since Jan Indexes down: Dow 1.39%, S&P 1.78%, Nasdaq 2.22% Dec 6 (Reuters) – Wall Street benchmarks tumbled again on Tuesday, with the S&P 500 on course for a fourth straight decline, as uncertainty around the … Read more

Stocks slide, dollar steady as market gauges Fed’s rate policy

Stocks slide, dollar steady as market gauges Fed’s rate policy

NEW YORK/LONDON, Dec 6 (Reuters) – Global stocks headed for a third straight day of losses on Tuesday and the dollar held steady as the market assesses how long the Federal Reserve keeps interest rates higher and the likelihood that policy provokes a recession. U.S. stocks followed European shares lower, with all sectors in the … Read more

U.S. Army awards Black Hawk replacement contract to Textron’s Bell

U.S. Army awards Black Hawk replacement contract to Textron’s Bell

WASHINGTON, Dec 5 (Reuters) – The U.S. Army on Monday awarded the contract for its next-generation helicopter to Textron Inc’s (TXT.N) Bell unit, ending a years-long competition for the technology that will replace the Black Hawk utility helicopter. The Army’s “Future Vertical Lift” competition aimed at finding a replacement as the Army looks to retire … Read more

European markets stay cautious after China eases pandemic measures

European markets stay cautious after China eases pandemic measures

LONDON, Dec 5 (Reuters) – European stock indexes opened slightly lower on Monday, finding little support from an easing of China’s domestic pandemic restrictions, after market sentiment was dampened by U.S. jobs data on Friday that raised fears of persistent inflation. Asian shares had been boosted early on Monday by hopes that China taking steps … Read more

S&P 500 ends slightly lower after jobs report

S&P 500 ends slightly lower after jobs report

Job growth beats expectations Unemployment rate steady at 3.7% Ford falls on lower November vehicle sales Dow up 0.1%, S&P 500 down 0.12%, Nasdaq down 0.18% NEW YORK, Dec 2 (Reuters) – The S&P 500 closed slightly lower on Friday, although major indexes rallied off their worst levels of the day, as the November payrolls … Read more

U.S. labor market shrugs off recession fears; keeps Fed on tightening path

U.S. labor market shrugs off recession fears; keeps Fed on tightening path

Nonfarm payrolls increase 263,000 in November Unemployment rate steady at 3.7%; participation rate falls Average hourly earnings rise 0.6%; up 5.1% year-on-year WASHINGTON, Dec 2 (Reuters) – U.S. employers hired more workers than expected in November and increased wages, shrugging off mounting worries of a recession, but that will probably not stop the Federal Reserve … Read more

Chinese cities ease COVID curbs as virus keeps spreading

Chinese cities ease COVID curbs as virus keeps spreading

BEIJING, Dec 2 (Reuters) – Some communities in Chinese cities where COVID-19 is still spreading are easing off on testing requirements and quarantine rules ahead of an expected shift in virus policies nationwide after widespread social unrest. The uneven relaxation of COVID restrictions is, however, fuelling fear among some residents who suddenly feel more exposed … Read more

Blackstone’s $69 bln REIT curbs redemptions in blow to property empire

Blackstone’s  bln REIT curbs redemptions in blow to property empire

NEW YORK, Dec 1 (Reuters) – Blackstone Inc (BX.N) limited withdrawals from its $69 billion unlisted real estate income trust (REIT) on Thursday after a surge in redemption requests, an unprecedented blow to a franchise that helped it turn into an asset management behemoth. The curbs came because redemptions hit pre-set limits, rather than Blackstone … Read more

Wall Street mixed; Dow pressured by selloff in Salesforce shares

Wall St ends lower after choppy trading from rising recession worries

Salesforce drops on co-CEO exit plan Dollar General falls on slashing annual profit view U.S. manufacturing shrinks for first time in 2-1/2 years in Nov Indexes: S&P 500 -0.09%, Nasdaq +0.14%, Dow -0.59% Dec 1 (Reuters) – Wall Street was mixed on Thursday as a selloff in Salesforce weighed on the Dow, while traders digested … Read more