Stocks gain on FED tapering news

US stocks closed higher on Thursday as markets reacted positively to the Federal Reserve’s stance on asset purchases, tapering and raising interest rates, overshadowing downbeat manufacturing and services data. The S&P 500 climbed 1.21% to 4,448.98. The Dow Jones Industrial Average gained 1.48% falling to 34,764.82 while the Nasdaq Composite was higher by 1.04% at…

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Global Stocks end higher after FED points towards taper

U.S. Stocks ended higher after Fed points towards Taper talks. The S&P 500 ended up by 0.95%, the Dow jones by 1.00%, and Nasdaq by 1.02%. The Federal Reserve’s upbeat tone on the economic recovery, and suggestion that the timing of the tapering process of its asset purchase program would come largely in-line with market…

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Stocks mixed after Evergrande losses

U.S. Stocks finish mixed after global market sell off on Evergrande losses. The S&P 500 down by 0.08%, trading at 4.354.19, and the Dow jones index also down by 0.15%. The Nasdaq however, trades up by 0.22%. Traders turn their attention to the start of the Federal Reserve’s latest two-day monetary policy-meeting, where the central…

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Markets reel from Evergrande crisis

US stocks kicked off the week in the red as the market roiled from the Evergrande fallout. While all the indices pared early losses, they closed well lower with the NASDAQ leading losses, down 2.19%. The DOW and S&P also shed 1.78% and 1.70% respectively. Yield on 10Y USTs closed 5bps lower at 1.3107%, albeit…

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Asian markets fall ahead of FED tapering news

U.S. Stocks fell on Friday as investors weighed recently published better-than-expected economic data against less economic support from the federal reserve. Friday’s close continued a recent pullback in the major U.S. indexes, which has been partially driven by companies issuing lower earnings forecasts. The Dow Jones dropped 0.5%. The S&P 500 and Nasdaq composite each…

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Mixed signals leave the investors cautious

U.S. stocks swung between gains and losses ahead of tomorrow’s expiration of options and futures, a quarterly event that usually brings increased volume and volatility. The S&P 500 dropped 0.16% to 4,536.95. The Dow Jones Industrial Average lost 0.18% falling to 34751.32 while the Nasdaq Composite was higher by 0.13% at 15181.93. Treasury yields and the dollar…

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U.S. Stocks Gain Since August, Oil Jumps

U.S. Stocks rose the most in almost three weeks as the concern that has weighed on investors sentiment about a slowdown in economic growth. Energy shares helped push S&P 500 up 0.8% and into positive territory for only the second time in eight trading sessions. The tech-heavy Nasdaq 100 rose 0.8% for the first time…

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China’s growth weighs on other markets

In the U.S., inflation was lower than forecast in August but still elevated, leaving the debate about whether price pressures are transitory unresolved. Tuesday’s U.S. inflation print could be seen as reducing pressure on the Fed to start pulling back on loose monetary policy, investors remain wary of a range of obstacles. These include the…

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Angola positive after Moody’s upgrade

US stocks rebounded on Monday following a poor showing the previous week which saw the benchmarks shed at least 1.6% each. The DOW led gains up 0.76% while the S&P was up 0.23%; the NASDAQ closed just lower, shedding 0.07% with Alibaba slumping following a Financial Times report that Chinese regulators want to break up…

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Asian markets make a poor start to the weak packed with major economic data

Asian markets made a poor start this Monday to this busy week packed with major US and Chinese economic data and the launch of Apple’s latest iPhones. With the Federal Reserve entering its traditional blackout period ahead of its upcoming September policy meeting, the main focus this week will be on US inflation figures for…

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