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Search resuls for: "Devik Jain Ankika Biswas"


4 mentions found


☆ Wall Street slides in broad-based selloff on recession worries
  + stars: | 2022-12-06 | by ( Devik Jain Ankika Biswas | Devik Jain | Ankika Biswas | ) www.reuters.com   time to read: +3 min
[1/2] The Wall Street entrance to the New York Stock Exchange (NYSE) is seen in New York City, U.S., November 15, 2022. Concerns about a steep increase in borrowing costs have boosted the dollar, while weighing on equities and bond markets this year, with the S&P 500 down 17.5%. The S&P 500 rallied 13.8% in October and November on hopes of smaller rate hikes and better-than-expected earnings. The bank sector index (.SPXBK) fell 2.1%, with Bank of America leading declines with a 4.9% drop. The S&P index recorded three new 52-week highs and eight new lows, while the Nasdaq recorded 30 new highs and 191 new lows.
☆ Wall St eyes subdued open after selloff on Fed worries
  + stars: | 2022-12-06 | by ( Devik Jain Ankika Biswas | Devik Jain | Ankika Biswas | ) www.reuters.com   time to read: +3 min
"It's the recession fear that a lot of investors have ... the concern is that profits begin to drop more meaningfully in the recession." As of Dec. 2, analysts expected S&P 500 companies to report a drop of 0.6% in fourth-quarter earnings after posting a 4.4% rise in the third quarter, according to Refinitiv IBES data. ET, Dow e-minis were down 31 points, or 0.09%, S&P 500 e-minis were down 2 points, or 0.05%, and Nasdaq 100 e-minis were up 4.75 points, or 0.04%. Meanwhile, a Tuesday runoff election in Georgia between Democratic U.S. Among individual stocks, GameStop Corp (GME.N) rose 1.6% in premarket trading following a media report on layoffs.
☆ Meta Platforms, banks pull Wall Street lower
  + stars: | 2022-12-06 | by ( Devik Jain Ankika Biswas | Devik Jain | Ankika Biswas | ) www.reuters.com   time to read: +3 min
[1/2] The Wall Street entrance to the New York Stock Exchange (NYSE) is seen in New York City, U.S., November 15, 2022. The lender's chief executive said the bank's research predicted three quarters of mild negative growth next year. JPMorgan Chase and Co's (JPM.N) top boss Jamie Dimon also warned of a mild to more pronounced recession ahead. As of Dec. 2, analysts expected S&P 500 companies to report a drop of 0.6% in fourth-quarter earnings after posting a 4.4% rise in the third quarter, according to Refinitiv IBES data. The S&P index recorded three new 52-week highs and six new lows, while the Nasdaq recorded 15 new highs and 109 new lows.
☆ Wall Street set for lower open as focus turns to Fed
  + stars: | 2022-09-20 | by ( Devik Jain Ankika Biswas | Devik Jain | Ankika Biswas | ) www.reuters.com   time to read: +4 min
Traders work on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., September 13, 2022. read more"The key to tomorrow is going to be indications by the Fed chief as to what's the next possible move. The benchmark U.S. 10-year Treasury yield hit 3.54%, its highest level since April 2011, in anticipation of the rate hike, while the closely watched yield curve between two-year and 10-year notes inverted further. ET, Dow e-minis were down 153 points, or 0.49%, S&P 500 e-minis were down 22.25 points, or 0.57%, and Nasdaq 100 e-minis were down 78.75 points, or 0.65%. read morePayPal Holdings Inc (PYPL.O) fell 2.6% after Susquehanna Financial Group downgraded the fintech company's stock to "neutral" from "buy".
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