MeritKapital News
US equities fall, futures rise amid worries on inflation & economic growth
U.S Stocks finished lower, and futures rose as dip buyers surfaced capitalizing on the selloffs witnessed yesterday despite concerns over inflation & economic growth outlook. Consequently, US stock prices closed negative yesterday with S & P 500 down 3.20% to 3,991.24, DOW 32,245.70, down 1.99% and NASDAQ 100 down by 4.29% to 11,623.25 while futures…
Read MoreUS equities fall, bonds yields rise on aggravating economic growth outlook
US stocks stumbled, and Bonds yields rose amid elevated unpredictability regarding whether the Fed would be able to put together a soft economic landing after stepping up its monetary policy tightening drive last week. Consequently, the S & P 500 lost 0.57%% to close at 4,123.34, Nasdaq 100 declined by 1.40% to 12,144.66 while DOW…
Read MoreUS equities stumble, bonds yields rise on inflation concerns
US Stocks slipped, and bonds yields rose as inflationary pressures, rising cost of borrowing coupled with China’s Covid lockdowns weakened market sentiment. Consequently, the S & P 500 lost 3.56% to close at 4,146.87, Nasdaq 100 declined by 4.99% to 12,317.69 while DOW dropped 3.12% to close at 32,997.97. At the same time, the yield on…
Read MoreUS equities rise, bonds yields steady on FED’s dampened rate hike
US Stocks rallied amid a ray of hope after the Fed raised interest rates as expected to control high inflation while reversing worries of massive hikes. Fed Chair Jerome Powell noted that a 75-basis points hike is not being considered actively by the committee. However, the Fed increased rates by 50 basis points and indicated similar moves at…
Read MoreUS equities stable, bonds yields rise on impending FED hike
US Stocks were little changed, and Bonds yields rose as investors geared up for the biggest Fed interest rate increase since 2000 and watched out for more signs on how forceful it will control inflationary pressures. The S & P 500 gained 0.48% to close at 4,175.48, Nasdaq 100 rose by 0.22% to 12,563.76 while DOW went…
Read MoreUS equities rise, bonds yields advance ahead of FED’s interest rate hike
U.S stocks finished higher, and Bonds yield rose as investors prepared for the anticipated aggressive interest rate hikes by the Federal Reserve. Although US stock prices closed positive yesterday with S & P 500 up 2.47% to close at 4,287.50, DOW at 33,926.39, up 1.85% and NASDAQ 100 up by 3.06% to close at 12,871.53,…
Read MoreUS equities mixed, futures rise on earnings boom
U.S stocks were mixed, and futures rose as investors analysed loads of data and reports on earnings. S & P 500 gained 0.21% to 4,183.96, DOW rose 0.19% to 33,301 and NASDAQ 100 declined by 0.01% to 12,488.93. Futures which show likely opening levels for equities are currently positive with the S&P Futures up 1.58%…
Read MoreUS equities drop, oil rises on Russia’s gas supply cut
US stocks declined, and oil prices rose as investors pondered over the ramifications of cuts in gas supplies from Russia and the expectation of faltering economic growth. The S & P 500 lost 2.81% to close at 4,175.20, Nasdaq 100 dropped by 3.95% to 12,490.74 while DOW dipped 2.38% to close at 33,240.18. Brent crude rose…
Read MoreUS equities steady as China promises to aid its economy
US Stocks were stable following the report that China Plans to augment monetary-policy aid to neutralize the effect of covid resurgence due to lockdowns on its economy. China’s recent ordeals have negatively affected the outlook for global economic recovery. The S & P 500 gained 0.57% to close at 4,296.12, Nasdaq 100 rose by 1.29%…
Read MoreUS equities nosedive as investors worry over China covid lockdowns
US Stocks and commodities went southwards over concerns of China’s covid resurgence which is likely to have a huge impact on the world’s second-largest economy, coupled with fears caused by faster aggressive rates hikes by the fed. Investors are worried that a wider lockdown in Beijing may bring about supply-chain disruptions amid rising inflation. The S…
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