MeritKapital News

U.S. stocks closed lower on Tuesday for a third straight day as strong labor-market data suggest, Fed Reserve will continue with its aggressive pace of interest rate-hikes. Data showed U.S. job openings rose to 11.2 million in July, up from a revised 11 million previous month. Also, the Conference Board’s consumer-confidence index jumped to 103.2…

U.S. stocks declined back-to-back on Monday, as investors continued to react to the remarks by the Fed Reserve chair Jerome Powel at Jackson Hole summit that, they will continue to battle inflation until the job is done. Nonetheless, there were some glimmers of hope among stock investors yesterday, when S&P 500 and Dow Jones periodically…

U.S. stocks declined on Friday after the Fed Reserve Chair said the Central bank will continue its battle against inflation “until the job is done “. In his remarks that were more hawkish than many investors anticipated, Powell tried to dispel any hopes for a less-aggressive monetary policy by insisting that the central bank will…

U.S. stocks climbed higher on Wednesday as investors await to hear from the Fed Reserve Chairman Friday at the Jackson Hole summit. Worries about a hawkish turn from the Fed Reserve have weighed on markets this week, although the three major benchmarks gained yesterday. Subsequently, Dow Jones increased 0.2% to finish at 32,431.53, S&P 500…

U.S. stocks declined on Tuesday making it three-day losing streak. Market strategists blamed this on several factors, including nerves ahead of the Fed Reserve chairman Jerome Powell’s speech on Friday, combined with anxieties of rising Treasury yields and a stronger U.S. dollar. Subsequently, Dow Jones declined 0.5% to finish at 32,909.30, S&P 500 declined 0.2%…

U.S. stocks started the week on a weak note as they declined on Monday. The economic calendar was dormant yesterday but will heat up today with a host of global manufacturing and services report. Earnings season is set to head to the finish line with more reports from the retail sector, along with some Tech…

U.S. stocks declined on Friday, as Investors digested more hawkish commentary out of the Fed Reserve with the prospect of potentially sticking with its aggressive monetary policy tightening as it battles high inflation. Subsequently, Dow Jones declined 0.9% to finish at 33,706.74, S&P 500 declined 1.3% to finish at 4,228.48 while Nasdaq 100 declined 2%…

U.S. stocks closed slightly higher on Thursday as Investors assessed the latest update on the Fed Reserve’s possible tightening of monetary policy. Minutes from the FOMC shows the Fed hiked its interest-rate target by 75 basis points for the second month in a row, reinforced the notion that the world’s largest central bank isn’t about…

U.S stocks ended off sessions lows on Wednesday, minutes after FOMC meetings which indicated that policy makers were prepared to raise rates but were sceptical of overdoing it. Minutes of the July meeting, at which policy makers delivered a 75-basis point rise, said the officials worried about the “significant risk” that elevated inflation could become…

U.S. stocks ended mixed on Tuesday with Dow Jones having its fifth day of gains. After getting off to a wobbly start, U.S. stocks swung higher as a rally in retailer stocks helped lift two of its benchmarks, Dow Jones, and S&P 500 to their highest levels in more than three months. Subsequently, Dow Jones…