NEW YORK (AP) — Wall Street is ticking higher to claw back a bit of its deep losses for August so far. The S&P 500 was up 0.3% in early trading Monday, coming off its third losing week in a row.
NEW YORK — Wall Street is ticking higher to claw back a bit of its deep losses for August so far. The S&P 500 was up 0.3% in early trading Monday, coming off its third losing week in a row. The Dow rose 21 points and the Nasdaq composite was up 0.4%. The relatively quiet trading followed a mixed performance for stock markets worldwide. The week’s main event for markets is likely to be a speech on Friday by Federal Reserve Chair Jerome Powell.
There “may be rude hawkish surprises” for investors who assume rate hikes are finished, said Tan Boon Heng of Mizuho Bank in a report. Chair Jerome Powell “may allude to structurally higher inflation being the new norm." Electric car maker Tesla clawed back some of last week's 10% loss, rising about 3% before markets opened.Some investors are shifting money to bonds as higher interest rates make their payout bigger and less risky.
Inflation has declined from its peak above 9% last year but still is above the Fed’s 2% target. Consumer prices rose 3.2% in July over a year earlier, up from the previous month’s 3% increase.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Stock market today: Wall Street opens higher, clawing back some of August's lossesNEW YORK (AP) — Wall Street is ticking higher to claw back a bit of its deep losses for August so far. The S&P 500 was up 0.3% in early trading Monday, coming off its third losing week in a row. The Dow rose 21 points and the Nasdaq composite was up 0.4%. The relatively quiet trading followed a mixed performance for stock markets worldwide. The week’s main event for markets is likely to be a speech on Friday by Federal Reserve Chair Jerome Powell. The Jackson Hole, Wyoming, setting has been the
Lire la suite »
CADUSD=X Interactive Stock Chart | CAD/USD StockAt Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life.
Lire la suite »
^GSPTSE Interactive Stock Chart | S&P/TSX Composite index StockAt Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life.
Lire la suite »
Your lookahead horoscope: August 20, 2023Today’s daily horoscope from Sally Brompton offers can’t-miss astrological answers
Lire la suite »
IN PHOTOS: Annapolis Valley scenes in passing from July, August 2023ANNAPOLIS ROYAL, N.S. — A few shots from Kings and Annapolis counties from late July and August. Quarterback Riley Naujoks throws a pass to running back ...
Lire la suite »