MeritKapital News

A rebound in stocks moderated on Wednesday, while U.S. futures drifted lower amid uncertainty over the omicron virus strain’s economic impact and a foggy outlook for U.S. fiscal stimulus. Treasury yields held steady with yield on 10-year Treasuries a little unchanged at 1.47%, gains while contracts on the S&P 500 (fell 0.3%) and the Nasdaq 100 (fell…

Stocks rose with U.S. equity futures Tuesday on wagers that vaccines can help tame the omicron virus outbreak and signs that U.S. President Joe Biden could yet revive his $2 trillion economic agenda. We also saw the dollar softened a little on the wake of improving market appetite for risk assets and currencies, extending its overnight losses.The…

We start this week in a risk off mood amid rising global omicron infections and turmoil for Joe Biden’s economic agenda, causing selloffs in stocks, equity futures and oil, while supporting sovereign bonds. Fresh restrictions in parts of Europe to stem the rapid spread of omicron are rattling investors.US lockdowns likely won’t be necessary, but…

U.S. stocks we seen opening higher on Thursday, continuing the previous session’s strong gains after the Federal Reserve expressed confidence in the strength of the economic recovery, turning more aggressive in the speed of its tapering. At one point yesterday, they traded at just a touch above their previous intraday high, hitting 4743.25, versus the…

US stocks finished higher after the Federal Reserve left rates unchanged but doubled the amount that it will begin to taper on its asset purchases. Dow Jones increased by 1.1% to 35, 927, the S&P 500 jumped 1.6% to 4,710 and Nasdaq rallied 2.2% to 15,556. There has also been published a host of economic…

US stocks closed lower on Tuesday, notching back-to-back losses as the market awaits the Fed statement on Wednesday. The NASDAQ led the slide, down 1.14% while the S&P and the DOW shed 0.75% and 0.30% respectively. Yield on 10Y USTs was higher at 1.4411%. British inflation for November overshot at 5.1% – the highest in…

U.S. stocks were lower after the close on Monday, as losses in the Oil & Gas, Consumer Services and Technology sectors led shares lower. At the close in NYSE, the Dow Jones Industrial Average lost 0.89%, while the S&P 500 index lost 0.91%, and the NASDAQ Composite index lost 1.39%. European shares ended lower on…

Wall Street advanced on Friday and the S&P 500 notched an all-time closing high, as market participants digested an inflation reading that was in line with consensus, but also marked the largest annual increase in consumer prices in nearly four decades. The Dow Jones Industrial Average rose 0.6%, the S&P 500 gained 0.95%, and the…

Stocks drifted higher even as the WHO threw some cold water on Covid complacency, saying that while cases tied to the omicron variant appear milder than other variants it will take weeks to be certain. The S&P 500 gained 0.31% to 4701.21. The Dow Jones Industrial Average increased 0.10% falling to 35754.75 while the Nasdaq…

Stocks were steady after Tuesday’s rally as investors weighed concerns about the omicron variant, while China policies helped buffer against fallout from mounting property debt distress. The Dow Jones Industrial Average DJIA rose 492.4 points to 35,719.43, the S&P 500 index SPX did advance by 95.08 points to close at 4,686.75 while the Nasdaq Composite COMP,…