US stocks kicked off the week in the green as the market largely shook off omicron concerns from the previous week. The DOW led gains, up 1.87% while the S&P and the NASDAQ rose 1.17% and 0.93% respectively. Yield on 10Y USTs closed 9bps higher at 1.4342% British retail sales grew 5.0% YoY in November…

Wall Street’s major indexes closed lower on Friday, with the Nasdaq leading the declines as investors bet that a strong jobs report would not slow the Federal Reserve’s withdrawal of support all while they grappled with uncertainty around the Omicron coronavirus variant. The Labor Department’s report, ahead of the session’s open, showed that while nonfarm…

Stocks jumped, continuing a tumultuous week for markets driven by uncertainty about the potential impact of the Omicron variant on public health and the economy. The S&P 500 gained 1.42% to 4577.10. The Dow Jones Industrial Average increased 1.82% falling to 34639.79 while the Nasdaq Composite was up 0.83% at 15381.32. Front- and belly of…

Wall Street’s major averages fell more than 1% on Wednesday after a morning rally faded as investor angst about the latest coronavirus variant soared with the first U.S. case confirmation while the market also digested Fed comments on inflation. Earlier on Wednesday, Federal Reserve Chair Jerome Powell said policymakers needed to be ready to respond…

US stocks fell back in the red on Tuesday, erasing Monday’s rebound as contrasting news on the efficacy of current vaccines against the omicron COVID variant filtered through. Adding to the bearishness were remarks by Fed Chair Jerome Powell that tapering may proceed at an even quicker pace. The S&P led losses, down 1.90%, while…

Markets have traded higher this Monday, unwinding some of Friday’s losses, as investors reassess the potential economic damage of the newly discovered Omicron Covid variant. The new coronavirus variant has spread rapidly around the world, prompting more travel restrictions, as new cases found in the UK, the Netherlands, Denmark and Austria. Risky assets suffered one…

A tech shares bounce moved European equities higher on Thursday following similar moves in US and Asia. Strong data in the US yesterday, which is combined with elevated inflation could translate into faster tapering by the Fed. With US markets closed for Thanksgiving, focus will be on Europe today, where a surge in COVID-19 cases…

Stocks were mixed Wednesday and Treasury yields declined as traders weighed economic risks from tighter monetary policy while awaiting key U.S. data as well as the latest Federal Reserve minutes. A climb in Treasuries unwound some of their overnight slide. The prospect of the Fed reducing stimulus more quickly to fight price pressures has tempered bond market inflation expectations, though…

US stocks closed mostly lower on Monday with stocks giving up gains that followed Powell’s confirmation by President Biden to continue as Fed Chair. The NASDAQ led losses, down 1.26% while the S&P shed 0.32%; the DOW managed to hold on to a meagre 0.05% gain in what was a thin trading session. Yield on…

U.S. stocks were mixed after the close on Friday, with gains in the Technology, Consumer Goods and Utilities sectors led shares higher and losses in the Oil & Gas, Financials and Telecoms sectors. At the close in NYSE, the Dow Jones Industrial Average lost 0.75%, while the S&P 500 index fell 0.14%, and the NASDAQ…