In the UK, the FTSE 100 fell almost 2% on Thursday to close out its worst month since the early days of the Covid pandemic with the Index falling more than 5% over the month of June. US equities rebounded to break a four-day skid in a thinly-traded Friday session that featured multiple flips between…
Equity markets ended last week on a positive note, with rises across the board on Friday, including the FTSE All-Share and Euro STOXX 600 which were both up +2.6% and the S&P 500 up +3.1%. The S&P ended up +6.5% for the week, the Dow Jones up +5% and the NASDAQ up +7%, making it…
A stock bounce reversed in Asia on Wednesday, commodities sank and the Dollar climbed amid ever-louder warnings that Federal Reserve monetary tightening may lead to an economic downturn. An Asia-Pacific share Index shed over 1%, with Chinese technology equities among the worst performers. US and European futures declined as brief optimism from a Tuesday jump in…
Markets closed down significantly on Friday and have started this week poorly. US stocks entered a bear market, Treasury yields spiked to levels not seen in a decade and the Dollar rallied as the fallout from a hot inflation reading continued to rattle global trading already shaken by worries the Federal Reserve will plunge the…
Recently the term “bear market” appear more and more in conversation. But what does it mean? Bears and bulls are common animal metaphors used in the stock market. Think about how these animals attack their prey: a bull would raise its horns upward, while a bear reaches with its head downward. Generally these terms indicate…
A late-day rally lifted US stocks on Friday, after another week-long sell-off sent the S&P 500 briefly into bear market territory. The broad measure ended the session little changed after earlier falling as much as 2.3%, bringing it more than 20% below its 3 January all-time high — the technical definition of a bear market. The…
April was a tough month for markets, as they struggled to digest the toxic mix of still-rising inflation and lower growth, along with a helping of weak company results. Having bounced in March, equity markets fell back again as optimism for a relatively swift resolution to the Ukraine conflict dwindled. As of last week, the…
US stocks posted a fifth straight losing week, their longest streak of declines in more than a decade, after a strong jobs report on Friday added fuel to concerns about surging inflation. The benchmark S&P 500 Index closed down 0.6% to bring its weekly loss to 0.2%. It hasn’t fallen for five straight weeks since 2011….
In the international news Tesla and SpaceX CEO, billionaire Elon Musk sold about $8.5bn of Tesla stock after announcing he will buy Twitter for $44bn, a milestone moment for the 16-year old social media platform, which will take it from being a publicly-owned company to a private one. His takeover is expected to be completed…
In the US equity markets ended the week lower, on concerns about the Federal Reserve’s notably more hawkish stance and about the impact of inflation on consumer spending, and thereby corporate earnings and margin outlook. The S&P 500 fell -2.77% on the day, breaking down below the 50 day moving average. The technology-heavy Nasdaq 100…