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Stock market news March 3, 2022

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Latest stock market news today

How did the US stock market close today? Tech stocks underperformed.

S&P 500: 4,363.49,-23.05(-0.53%)
Dow 30: 33,794.66,-96.69(-0.29%)
Nasdaq: 13,537.94,-214.08(-1.56%)
Russell 2000: 2,032.41,-26.46(-1.29%)

Stock market news

“Stocks fell Thursday after rallying a day earlier, while energy prices steadied after soaring to multi-year highs.

The S&P 500 fluctuated between gains and losses, and the Nasdaq came under pressure in afternoon trading. The S&P 500 had jumped by 1.9% on Wednesday as each of the Dow and Nasdaq also advanced. The move higher came following affirmation from Federal Reserve Chair Jerome Powell that the central bank will take a measured approach to raising interest rates amid geopolitical uncertainty helped to momentarily appease volatile markets.

Namely, investor focus turned to Powell’s testimony before the House Financial Services Committee on Wednesday, during which the Fed chief said explicitly that he would back a quarter-point interest rate hike following the Fed’s March meeting later this month. Powell left open the possibility that the Fed would raise interest rates and tighten more aggressively later this year, however, given the current, persistent inflationary pressures rippling across an otherwise solid U.S. economy.

“By expressing that 25 basis points is the likely path of the Fed, that takes away some of the uncertainty. And there was a big debate in the markets about whether it would be 25 basis points or 50 basis points out of the gate,” Chris Zaccarelli, chief investment officer for Independent Advisor Alliance, told Yahoo Finance Live on Wednesday.

“Clearly, [with] the conflict in Ukraine and the sanctions potentially dampening global economic growth, that makes it more likely that the Fed would want to go a little more slowly,” Zaccarelli added. “But on the other hand, inflation is rising … It’s our concern that they will have to go for longer and higher than people are currently expecting.”

And a continued melt higher in energy prices has further stoked inflation concerns, though oil slowed a recent gain on Thursday. U.S. crude oil prices jumped above $116 per barrel to reach a more than decade high before retreating slightly, as investors monitored the potential energy-market fallout from Russia’s invasion of Ukraine. And meanwhile Brent crude — the international standard — rocketed further to near $120 per barrel.”

Stock market data: Yahoo Finance

Stock market news March 1, 2022

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Stock market news today

How did the US stock market close today? In the red. All major stock indexes closed lower.

S&P 500: 4,306.26,-67.68(-1.55%)
Dow 30: 33,294.95,-597.65(-1.76%)
Nasdaq: 13,532.46,-218.94(-1.59%)
Russell 2000: 2,008.51,-39.58(-1.93%)

Latest US stock market news

“U.S. stocks fell sharply on Tuesday to mark a bleak first day of March on Wall Street as investors weighed intensifying Russian attacks on Ukraine and the impact of Western sanctions on Moscow.

The S&P 500 tumbled 1.55% to 4,306.19, and the Dow Jones Industrial Average plunged nearly 600 points, or 1.77%, to 33,293.96, marking its worst day since Feb. 17. The Nasdaq Composite dropped 1.59% to 13,532.46. Losses also hit the 10-year U.S. Treasury index, which slid to 1.7%. The declines build on the Dow and S&P 500’s worst start to year since 2020. The Nasdaq has also recorded its worst January and February since 2009.

Financials led losses on Tuesday, with the XLF experiencing its biggest losses since June 2020, down 3.66%.

Meanwhile, WTI crude oil spiked as much as 10% to top $105 per barrel, marking its highest price since 2014 amid worries around a disruption in the energy sector.

As traders watch the war escalate overseas, in the U.S., they revert their attention back to the Federal Reserve and its plan to lift interest rates as soon as this month.

The worsening crisis in Ukraine has raised bets geopolitical uncertainty could knock the Federal Reserve off course for an aggressive first bump in interest rates. Investors have began pricing in a zero chance of a 50 basis point rate hike in March and minuscule chance of no increase at all.

Sky-high inflation prints month-over-month have previously elevated concerns among market participants that central bank officials will raise short-term borrowing costs more aggressively than expected to mitigate increasing prices, even stoking the possibility of a double interest rate hike of 50 basis points mid-March. But with ambiguity over how the Russia-Ukraine turmoil will pan out and potential economic disruptions, Fed watchers now anticipate the central bank may tread lightly on its rate hike.

Federal Reserve Chair Jerome Powell is scheduled to deliver a monetary policy update before the U.S. House Financial Services Committee on Wednesday and appear in front of Senate Banking Committee members Thursday in meetings that could offer hints on the Fed’s position ahead of its March 16 policy-setting meeting.”

Stock market data: Yahoo Finance

Stock market news February 28, 2022

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Latest US stock market news today February 28, 2022

How did the US stock market close today? Small-cap stocks outperformed.

S&P 500: 4,373.94,-10.71(-0.24%)
Dow 30: 33,892.60,-166.15(-0.49%)
Nasdaq: 13,751.40,+56.78(+0.41%)
Russell 2000: 2,049.11,+8.18(+0.40%)

Stock market news

“U.S. stocks declined and energy prices soared Monday after an escalation of sanctions against Russia amid an ongoing conflict in Ukraine stoked further uncertainty over the outlook for global financial markets.

The S&P 500, Dow and Nasdaq each dropped. West Texas intermediate crude oil prices (CL=F) soared to as much as $99.10 per barrel before paring some gains. Brent crude (BZ=F), the international standard, rose to a near seven-year high of more than $104 per barrel. Gold prices jumped while Treasury yields slid as investors piled into safe haven assets.

The market moves Monday came following a tumultuous weekend of fighting in Ukraine as Russia continued its attacks. A new set of sanctions slammed Russia as major Western countries responded to the invasion. And news that Russian President Vladimir Putin had put the country’s nuclear deterrence forces on high alert added to jitters across global financial markets.

The U.S., European Commission, France, Germany, Italy, U.K. and Canada issued a joint statement Saturday agreeing to exclude certain key Russian banks from the SWIFT messaging system, which helps facilitate transactions for trillions of dollars globally. The U.S. on Monday also said it was further prohibiting Americans from transacting with the Central Bank of the Russian Federation, the National Wealth Fund of the Russian Federations and the Ministry of Finance of the Russian Federation.

The SWIFT bank bans “would make it more difficult (though not impossible) for these institutions to make cross-border payments,” Capital Economics group chief economist Neil Shearing wrote in a note Monday. “So far at least the West has stopped short of a ban on energy imports from Russia, which would be the most powerful sanctions they could implement.”

“At the same time, the US, European Union, UK and Canada have announced sanctions on the Central Bank of Russia (CBR),” Shearing added. “This is perhaps a more significant move since it will substantially reduce the ability of the CBR to liquidate its foreign assets to support the ruble and help Russian firms service FX-denominated liabilities. Around 40% of Russia’s international reserves are held in the financial systems of the countries that have signed up to these sanctions.”

Stock market data: Yahoo Finance

Stock market news for February 25, 2022

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Stock market news

A higher close for the US stock market on February 25, 2022. How did the US stock market close?

S&P 500: 4,384.65,+95.95(+2.24%)
Dow 30: 34,058.75,+834.92(+2.51%)
Nasdaq: 13,694.62,+221.04(+1.64%)
Russell 2000: 2,040.93,+44.92(+2.25%)

Latest US stock market news

“U.S. stocks made a dramatic comeback in the late afternoon session on Thursday after President Joe Biden imposed a new round of harsher sanctions against Moscow after Russia’s President Vladimir Putin ordered a full-fledged war against Ukraine. All the three major indexes ended in positive territory.

How Did The Benchmarks Perform?
The Dow Jones Industrial Average (DJI) rose 0.3% or 92.07 points to end at 33,223.83 points, after declining as much as 2.6% or 869 points in the early hours of trading.

The S&P 500 gained 1.5% or 63.2 points to finish at 4,288.70 points. However, the index is still in correction territory and at one point of the day had declined more than 2.6%. Technology and communication stocks led the rally.

The Technology Select Sector SPDR (XLK) added 3.4%, while the Communication Services Select Sector SPDR (XLC) gained 2.8%. Seven of the 11 sectors of the benchmark index ended in positive territory.

The tech-heavy Nasdaq climbed 3.3% or 436.1 points, to close at 13,473.59 points. The index fell 3.5% during Thursday’s the early trading session.

The fear-gauge CBOE Volatility Index (VIX) was down 2.26% to 30.32. A total of 17.52 billion shares were traded on Thursday, higher than the last 20-session average of 12.1 billion. Advancers outnumbered advancers on the NYSE by a 1.14-to-1 ratio. On Nasdaq, a 1.53-to-1 ratio favored advancing issues.

Markets Make Dramatic Comeback
Markets opened in the red on Thursday with all major indexes trading more than 2.5% lower, after Russia launched a full-fledged attack on Ukraine. Investors looking for security rushed to buy safe-haven stocks, pushing down bond yields, including the 10-year Treasury yield.

This gave a boost to the dollar, while gold price surged to its highest level in more than a year. However, as the day passed, investors got back much of their confidence as market watchers said that the invasion of Ukraine was long predicted.

Following that, Biden also announced a new set of harsher sanctions on Russia. As investors shifted focus from the Russia-Ukraine war, market somewhat stabilized and gradually made a dramatic comeback sending stocks on a rally.”

Stock market data: Yahoo Finance

Stock market news February 23, 2022

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Stock market news

Another day with losses for the US stock market. Tesch stocks underperformed. The latest stock market news about the closing figures today are:

S&P 500: 4,225.50,-79.26(-1.84%)
Dow 30: 33,131.76,-464.85(-1.38%)
Nasdaq: 13,037.49,-344.03(-2.57%)
Russell 2000: 1,944.09,-36.08(-1.82%)

Stock market news February 22, 2022

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Latest US stock market news today

All major US stock indexes closed lower. Small-cap stocks underperformed. How did the US stock market close today?

S&P 500: 4,304.76,-44.11(-1.01%)
Dow 30: 33,596.61,-482.57(-1.42%)
Nasdaq: 13,381.52,-166.55(-1.23%)
Russell 2000: 1,980.17,-29.16(-1.45%)

Stock market news

“U.S. stocks fell sharply Tuesday to start the holiday-shortened week lower as investors monitored heightening tensions between Russia and Ukraine.

The S&P 500 shed 1%, down to 4,304.68 to enter correction territory — or more than 10% from its high. The Dow Jones Industrial Average tumbled 482 points, or 1.4%, to 33,597.00. Both indexes closed at their lowest levels this year so far. The Nasdaq Composite fell as much as 1.2%, or 166 points, to 13,381.52.

President Joe Biden in a speech Tuesday afternoon said he will enact the “first tranche” of sanctions on Russia in response to Vladimir Putin’s move on Monday to recognize two pro-Moscow separatist republics in east Ukraine and deploy Russian troops into the areas.

The move was seen by the West as a provocation and intensified worries a war was underway. Just last week, the Biden administration warned that recognizing the self-declared “People’s Republics” of Donetsk and Luhansk in eastern Ukraine would defy international law and Ukraine’s sovereignty and “necessitate a swift and firm response” from America and its allies.

“The Russians want to rebuild their Eastern Orthodox Slavic empire — that’s Ukraine, Belarus, and Russia and that’s what Putin is doing,” Atlantic Council senior fellow Dr. Ariel Cohen told Yahoo Finance Live. “He is destroying the principle of invincibility of European borders.”

Biden said the U.S. will impose sanctions on Russian financial institutions, sovereign debt and oligarchs in the country, along with their family members.

“This is the beginning of a Russian invasion of Ukraine, so I am going to begin to impose sanctions in response,” the president said, also indicating more sanctions could be on the way if Putin proceeds further.”

Stock market data: Yahoo Finance

Stock market news February 18, 2022

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Latest stock market news

The US stock market closed lower on Friday, February 18, 2022, as geopolitical concerns remain. Tech stocks underperformed, Nasdaq lost 168 points. How did the US stock market close today?

S&P 500: 4,348.87,-31.39(-0.72%)
Dow 30: 34,079.18,-232.85(-0.68%)
Nasdaq: 13,548.07,-168.65(-1.23%)
Russell 2000: 2,009.33,-18.76(-0.92%)

Stock market news

“Stocks extended declines Friday to close a second straight week in negative territory with geopolitical tensions intensifying to contribute to a further risk-off tone in markets.

The S&P 500 fell 0.71% to 4,348.97, building on a 2% loss in the previous session, while the Dow Jones index closed down 0.68% to 34,079.12 after erasing 1.8% Thursday for its worst day in nearly three months. The Dow also closed at its lowest level since September. The Nasdaq Composite shed 1.23% to 13,548.07 — its lowest level since January. Meanwhile, the CBOE Volatility Index (VIX), or “fear gauge,” spiked back to hover near 28 Friday.

The souring in sentiment came after U.S. officials said they estimated Russia had built up around 190,000 military personnel near Ukraine, raising the specter of a near-term attack. And this came a day after President Joe Biden told reporters on Thursday that the threat of a Russian invasion of Ukraine was “very high” in the coming days. Crude oil prices fell Friday morning to pause a recent run-up even as Russia-Ukraine tensions resurged.

“The two things we’re most concerned about right now in terms of headwinds for the market and causes for volatility, are clearly tensions with Russia-Ukraine … and then clearly, our concern over not just inflation but what the monetary policy response to that inflation is going to be,” Art Hogan, National chief market strategist, told Yahoo Finance Live on Thursday. “And those headlines have changed quite a bit too.”

“We’ve gone from thinking the Fed would be very, very deliberate in their actions starting in March and telegraph everything … to having some outliers on the committee talking about being very aggressive, a lot more aggressive than what’s priced into the market,” he added. “Every day the story changes a bit.”

Treasury yields fell further after dropping across the curve on Thursday, with the 10-year yield holding back below 2%. This came as markets priced in a lower probability of a front-loaded 50 basis-point interest rate hike from the Federal Reserve in March, with investors looking past hawkish commentary from St. Louis Fed President James Bullard calling for a more aggressive path on interest rates.”

Stock market data: Yahoo Finance

Stock market news February 17, 2022

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Latest US stock market news

Selling pressure sent all major US stock indexes lower today. Tech stocks underperformed. The closing numbers for the US stock market today follow.

S&P 500: 4,380.26,-94.75(-2.12%)
Dow 30: 34,312.03,-622.24(-1.78%)
Nasdaq: 13,716.72,-407.38(-2.88%)
Russell 2000: 2,028.09,-51.22(-2.46%)

Stock market news

“Wall Street’s main benchmarks fell sharply Thursday as investors grappled with renewed anxiety over geopolitical tensions between Russia and Ukraine following a warning from President Joe Biden that military action by the Kremlin appeared imminent.

The S&P 500 plunged more than 2% to 4,380.04, while the Dow Jones Industrial Average shed 623 points — or 1.8% — to 34,311.18, recording its worst day since Nov. 26, 2021. The Nasdaq Composite erased nearly 2.9%, falling to 13,716.72. The Russia-Ukraine conflict also weighed on oil and bond yields. Crude oil declined 2.15% to $91.65 per barrel, while the 10-year U.S. Treasury benchmark fell 7.5 basis points to yield 1.97%

U.S. President Joe Biden said on Thursday the threat of a Russian invasion of Ukraine was “very high” and “every indication [the White House had] is that [Russia is] prepared to go into Ukraine.”

The conflict has added a fresh headwind for markets already bracing for the Federal Reserve to raise interest rates as it looks to tighten monetary conditions to mitigate surging inflationary pressures. Fears that the Kremlin would green light a move to force in on its neighboring country build on the existing worries around central bank policies due to the potential of military action to exacerbate inflation and spur other economic disruptions.”

Stock market data: Yahoo Finance

Stock market news February 15, 2022

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Latest stock market news today. A rally for all major US stock indexes. Small-cap stocks outperformed. How did the US stock market close today?

S&P 500: 4,471.07,+69.40(+1.58%)
Dow 30: 34,988.84,+422.67(+1.22%)
Nasdaq: 14,139.76,+348.84(+2.53%)
Russell 2000: 2,076.46,+55.67(+2.76%)

Stock market news

“Wall Street’s main benchmarks rallied on Tuesday as investors weighed a potential de-escalation of geopolitical tensions between Russia and Ukraine following news some Russian military units will start returning to their permanent bases after completing drills near the Ukrainian border.

The Dow Jones Industrial Average closed 1.22%, or 422.67 points, higher to 34,988.84, while the S&P 500 jumped 1.58%, or 69.40 points, to 4,471.07. The Nasdaq Composite saw its best day in two weeks, advancing 2.53%, or 348.74 points, to 14,139.76 after the threat of a Russian invasion of Ukraine weighed on markets already grappling with the prospect of swifter monetary tightening by the Federal Reserve. Meanwhile, oil retreated from its highest price since 2014, falling 3.69% to $91.94 per barrel.

Russian President Vladimir Putin said Tuesday he was open to security discussions with the West on negotiating the crisis but emphasized responses from the United States and NATO members to Moscow’s security demands failed to meet the Kremlin’s requests.

President Joe Biden in a speech on Tuesday said the United States was prepared “no matter what happens.”

“We are ready with diplomacy, to engage in diplomacy with Russia and our allies and partners to improve stability and security in Europe as a whole,” he said. “And we are ready to respond decisively to Russian attack on Ukraine, which is still very much a possibility.”

Fears that the Kremlin would green light a move to force in on Ukraine as soon as this week have created a new headwind for global markets worried the conflict could exacerbate inflation and spur other economic disruptions.

“The general consensus is that we are going to be on a high simmer, at least for the foreseeable future,” Raymond James Washington policy analyst Ed Mills told Yahoo Finance Live on Tuesday. “Putin has a lot of incentive to continue the pressure but also to drag this out.”

The geopolitical tensions add to the uncertainty around central bank policy that has dominated market sentiment in recent months. Earlier in the session, the U.S. Bureau of Labor Statistics reported its U.S. Producer Price Index (PPI) rose 1%, notching another monthly gain in January and adding to a series of hot inflation prints, reiterating calls on the Fed to raise interest rates. The print comes after the Labor Department reported last week its Consumer Price Index (CPI) notched a steeper-than-expected 7.5% increase over the year ended January to mark the largest annual jump since 1982.”

Stock market data: Yahoo Finance

Stock market news February 14, 2022

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Latest stock market news. The US stock market closed lower today, but Nasdaq closed flat. How did the US stock market close today?

S&P 500: 4,401.67,-16.97(-0.38%)
Dow 30: 34,566.17,-171.89(-0.49%)
Nasdaq: 13,790.92,-0.24(-0.00%)
Russell 2000: 2,020.79,-9.36(-0.46%)

Stock market news today

“Stocks sank Monday afternoon as investors eyed the escalating threat of Russian invasion in Ukraine alongside ongoing concerns over inflation and an aggressive move toward policy tightening by the Federal Reserve.

The S&P 500 dropped to extend losses after last week’s roller-coaster sessions on Thursday and Friday. Treasury yields rose and the 10-year yield hovered back near 2%. The latest leg lower came after the Wall Street Journal reported the U.S. was closing its embassy in Kyiv and destroying networking and computer equipment, with concerns over a Russian military attack mounting.

Markets have been whipsawed in recent sessions by conflicting signals over the immediacy of a potential Russian invasion of Ukraine. Earlier, Russia’s Foreign Minister Sergey Lavrov said he was urging Russian President Vladimir Putin to continue diplomatic talks. This came less than a day after U.S. officials signaled Russia could be nearing the launch of an invasion of Ukraine as soon as this week. National Security adviser Jake Sullivan told CNN on Sunday that “a major military action could begin by Russia in Ukraine any day now,” though the U.S. was still hoping for a diplomatic resolution. And these remarks in turn came after President Joe Biden held a phone call with Vladimir Putin on Saturday warning that the U.S. and its allies would “impose swift and severe costs” on Russia in the event of a military attack in Ukraine.

Oil prices rose to build on gains after a recent run-up as Russia-Ukraine tensions remained in focus. West Texas intermediate crude oil futures (CL=F) jumped above $95 per barrel for the first time since 2014. U.S. crude prices have already jumped more than 20% for the year-to-date. Brent crude (BZ=F), the international standard, drifted above $95 per barrel. With oil prices elevated, the S&P 500 energy sector has far outperformed the other major S&P 500 sectors for the year-to-date, climbing more than 26% versus the broader market’s 7% drop.

Later this week, investors are set to receive another batch of earnings results from companies including Airbnb (ABNB), DoorDash (DASH), Walmart (WMT) and Roku (ROKU). Economic data reports will include the Commerce Department’s January retail sales report, which is likely to show sales rebounded in January after dipping in December.”

Stock market data: Yahoo Finance