MeritKapital News

US Benchmark 10-yesrs treasury jumped at 7 basis points to 4.015% on Wednesday as investors were rattled by Federal Reserve hawkishness and concern over potential Japanese sales of US government debt. Treasuries are headed for their biggest annual loss since least 1973. The US dollar rose to a record high against the other top currencies…

U.S. stocks declined on Monday with Dow Jones entering bear market since March 2020. Stocks came under pressure yesterday on worries about rising borrowing costs, while the surging dollar continued to wreak havoc around the world. Meanwhile investors heard from several Fed Reserves officials like Susan Collins, the new president of the Boston Fed, saying…

U.S. stocks tumbled on Friday with Dow Jones hitting its lowest level of value since November 2020. Investors are worried that the prospect of a so-called soft landing for the U.S. economy is diminishing as the central bank keeps its aggressive pace of tightening monetary policy to fight high inflation. After announcing 75 basis point…

U.S. stocks ended lower on Thursday following Wednesday selloff after the Fed Reserve delivered a third jumbo interest- rate hike and reiterated its commitment to crush inflation, even if it means driving the U.S. economy into a recession. Investors are rattled by the Fed’s so-called dot plot, which tracks forecasts of the benchmark interest rate…

U.S. stocks declined on Wednesday as Federal Reserve chair Jerome Powell announced another expected sharp interest rate hike. The Fed Reserve increased its policy rate by 75-basis point to a target range of 3% to 3.25%, while penciling in another possible 125-basis points rate hikes by end of the year. Investors are closely watching policy…

U.S. stocks declined on Tuesday ahead of FOMC meeting today as investors grapple not just with whether the central bank will make a 75-basis point rate increase or lift rates by 100 points, but also how high the Fed Reserve signal rates will go in the future. Subsequently, Dow Jones declined 1% to finish at…

U.S. stocks ended higher on Monday as investors are highly anticipating the outcome of tomorrow’s Fed Reserve meeting that’s expected to deliver another large interest- rate hike and shed further light on the central bank’s plans for monetary policy. Subsequently, Dow Jones increased 0.6% to finish at 31,019.68, S&P 500 increased 0.7% to finish at…

U.S. stocks declined on Friday as the markets remained skittish amid inflationary concerns and possible 75-basis point interest rate hike by the Fed Reserve this week. Also, FedEx offered earnings guidance that came in well below expectations and provided pessimistic comments on the global economy. Subsequently, Dow Jones declined 0.5% to finish at 30,822.42, S&P…

U.S. stocks declined on Thursday with Nasdaq leading the way down, as bond yields marched further ahead of a likely 75 basis points interest rate hike by the Fed Reserve next week. Subsequently, Dow Jones declined 0.6% to finish at 30,961.82, S&P 500 declined 1.1% to finish at 3,901.82 while Nasdaq 100 declined 1.4% to…

U.S. stocks finished higher on Wednesday after losses from previous day. Also, August data showed that costs for wholesale goods and services fell for the second month in a row. The inflation data has solidified expectations that the Fed Reserve will remain aggressive with next week’s September interest rate decision. Subsequently, Dow Jones increased 0.2%…