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☆ Stocks Finish Mixed in Shortened Trading Day
▼ + stars: | 2022-11-25 | by ( Chelsey Dulaney | Paul Vigna | ) www.wsj.com time to read: 1 min

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☆ Stocks Slip After Retail Sales Top Forecasts
▼ + stars: | 2022-11-16 | by ( Chelsey Dulaney | Eric Wallerstein | ) www.wsj.com time to read: 1 min

☆ Dow Jumps More Than 800 Points as Apple Gains 7.6%
▼ + stars: | 2022-10-28 | by ( Chelsey Dulaney | Corrie Driebusch | ) www.wsj.com time to read: 1 min

U.S. stocks rose Friday, with big gains by Apple helping offset declines among consumer discretionary stocks weighed down by a sales warning from e-commerce giant Amazon . The tech-heavy Nasdaq Composite Index rose 309.78 points, or 2.9%, to 11102.45, bouncing back after two days of declines. The S&P 500 added 93.76 points, or 2.5%, to 3901.06 while the Dow Jones Industrial Average was up 828.52 points, or 2.6%, to 32861.80. All three indexes finished the week with gains, with the Dow industrials’ recent run-up putting it down less than 10% year-to-date.

☆ Dow Jumps More Than 700 Points as Investors Weigh Earnings
▼ + stars: | 2022-10-28 | by ( Chelsey Dulaney | Corrie Driebusch | ) www.wsj.com time to read: 1 min

U.S. stocks rose Friday, with big gains by Apple helping offset declines among consumer discretionary stocks weighed down by a sales warning from e-commerce giant Amazon . The tech-heavy Nasdaq Composite Index rose 2.3%, bouncing back after two days of declines. The S&P 500 added 2%, while the Dow Jones Industrial Average was up 2.3%, or 735 points. All three indexes are on track for solid weekly gains, with the Dow industrials’ recent run-up putting it down less than 10% year-to-date.

☆ U.K. Prime Minister Rishi Sunak Calms Markets—for Now
▼ + stars: | 2022-10-26 | by ( Paul Hannon | Chelsey Dulaney | ) www.wsj.com time to read: 1 min

LONDON—New U.K. Prime Minister Rishi Sunak has managed to help calm financial markets by convincing investors that he won’t jeopardize the country’s financial stability. But he now faces the more daunting task of convincing them, and ordinary Britons, that he can steer the economy through stagflation and a looming winter of discontent. Mr. Sunak faced Parliament on Wednesday for the first time as prime minister after delaying the announcement of his government’s spending plans to Nov. 17 from Oct. 31 to give him more time to run through the numbers with Treasury chief Jeremy Hunt .

☆ Stock Futures Slip as Earnings, Inflation Weigh
▼ + stars: | 2022-10-21 | by ( Chelsey Dulaney | ) www.wsj.com time to read: 1 min

U.S. stock futures edged lower as investors considered a mixed set of corporate results and the continued march higher in interest rates. Futures tied to the S&P 500 declined 0.6%. Contracts tied to the technology-focused Nasdaq-100 fell 0.9% and futures for the Dow Jones Industrial Average slipped 0.5%.

☆ Stocks Close Higher to Finish Strong Week
▼ + stars: | 2022-10-21 | by ( Gunjan Banerji | Chelsey Dulaney | ) www.wsj.com time to read: 1 min

The Dow Jones Industrial Average raced to its best three-week stretch since November 2020, boosted by the prospect of a slower pace of interest rate increases and the latest batch of corporate earnings. Major indexes started Friday with declines before turning higher, finishing the session near their highs of the day. The Dow added 748.97 points, or 2.5%, to 31082.56. The S&P 500 added 86.97 points, or 2.4%, to 3752.75. The technology-focused Nasdaq Composite added 244.87 points, or 2.3%, to 10859.72.

LONDON—U.K. Prime Minister Liz Truss ’s resignation is a stark reminder of how high inflation and rising interest rates have changed the game for politicians and narrowed their room to maneuver. For the past decade, low inflation and ultralow interest rates gave governments around the world room to spend more and pile on debt without alarming investors. Those days are over.

☆ U.K. Corporate Bond Selloff Is One for the Books
▼ + stars: | 2022-10-18 | by ( Chelsey Dulaney | ) www.wsj.com time to read: 1 min

It has been a bad year for global bonds. But U.K. corporate bonds are being hit particularly hard by a toxic mix of political turmoil, high inflation and soaring interest rates. Highly rated corporate bonds issued in the British pound have posted a negative total return of around 25% this year as measured by the ICE BofA Sterling Corporate Index, by far the largest loss in the index’s almost 26-year history. In comparison, a similar index tracking U.S. dollar bonds is down 18% while one for euro-denominated bonds has lost 15% on a total-return basis, which includes price changes and interest payments.

The Bank of England is hoping a safety net in the form of short-term cash infusions will stabilize markets when it winds down its emergency bond-buying program on Friday. Bankers and investors are skeptical it will work. The Bank of England launched a what it called a temporary repo facility on Monday when volatility rocked the U.K.’s government debt markets. Investors worry about a so-called cliff edge for government bonds once the BOE stops buying them on Friday, ending a program it introduced in late September after a whirlwind selloff that threatened the U.K.’s financial stability. The repo facility is scheduled to run until Nov. 10, helping to cushion the transition.

The Bank of England is hoping a safety net in the form of short-term cash infusions will stabilize markets after it wound down its emergency bond-buying program on Friday. Bankers and investors are skeptical it will work. The Bank of England launched what it called a temporary repo facility on Monday when volatility rocked the U.K.’s government debt markets. Investors worry about a so-called cliff edge for government bonds after the BOE stopped them on Friday, ending a program it introduced in late September after a whirlwind selloff that threatened the U.K.’s financial stability. The repo facility is scheduled to run until Nov. 10, helping to cushion the transition.

LONDON—The Bank of England extended support targeted at pension funds for the second day in a row, the latest attempt to contain a bond-market selloff that has threatened U.K. financial stability. The central bank on Tuesday said it would add inflation-linked government bonds to its program of long-dated bond purchases, after an attempt on Monday to help pension funds failed to calm markets.

LONDON—A crisis in U.K. government debt markets accelerated after a fresh attempt by the Bank of England to extend support to pension funds failed to assuage worried investors. The U.K.’s central bank said Monday that it would increase the daily amounts it was willing to buy in long-dated bonds before ending the program it established last month as scheduled on Friday. It also unveiled two types of lending facilities aimed at freeing up cash for pension funds beyond the end of the bond buying.

☆ Why Did Bank of England Have to Prop Up Bond Market?
▼ + stars: | 2022-09-29 | by ( Chelsey Dulaney | Caitlin Ostroff | ) www.wsj.com time to read: 1 min

The Bank of England said that U.K. financial stability could come under threat from a surge in bond yields. Britain’s central bank stepped in Wednesday to shore up the country’s bond market, warning that U.K. financial stability could come under threat from a huge run-up in yields. Once again, a bout of market stress appears to have exposed an underappreciated buildup of risk—this time, in the supposedly staid area of retirement funds. Here is a rundown of what is happening.

☆ Stock Futures Fall as Bond Yields Resume Climb
▼ + stars: | 2022-09-29 | by ( Chelsey Dulaney | ) www.wsj.com time to read: 1 min

U.S. stock futures declined, putting markets on track to resume sliding as concerns over economic growth and inflation continue to drive volatility. Futures tied to the S&P 500 fell 0.9% on Thursday while contracts for the Dow Jones Industrial Average fell 0.8%. Tech-heavy Nasdaq-100 futures fell 1.1%. All three major indexes had staged strong rallies on Wednesday.

The U.K. continued to try to stave off a financial and economic crisis on Wednesday as the country’s central bank carried out emergency buying of government bonds to stabilize a spiraling debt market, adding pressure on the government of new Prime Minister Liz Truss . The central bank’s surprise move to spend 1 billion pounds buying U.K. government debt spurred a rally in the bond market, and helped the embattled pound gain slightly against the U.S. dollar, though it was still down against the euro. But the intervention—to stave off an imminent pension crisis—underscored the risks that continuing market turbulence poses to the U.K. financial system and economy.

☆ Crypto Startup Saves Frankfurt’s Iconic Euro Sculpture
▼ + stars: | 2022-09-27 | by ( Chelsey Dulaney | ) www.wsj.com time to read: 1 min

The euro sign sculpture was lit for the first time at the strike of midnight on Jan. 1, 2002, to celebrate the official launch of euro bank notes and coins. The euro has fought off countless threats to its existence over the past two decades, from debt crises to politicians who hoped to tear apart the currency union. Over the summer a new risk emerged to the common currency. Not its plunge below parity with the U.S. dollar, but the plan to dismantle an iconic blue sculpture of the euro currency sign, located for more than 20 years in the heart of Frankfurt, Germany’s financial hub. The costs of maintenance, in part due to regular vandalism, had become overwhelming, the local nonprofit who owns it said.

☆ U.S. Stock Futures Fall as Growth Fears Weigh
▼ + stars: | 2022-09-23 | by ( Chelsey Dulaney | ) www.wsj.com time to read: 1 min

U.S. stock futures slid Friday, as investors braced for slower economic growth after global central banks this week underlined their commitment to raising interest rates to quell inflation. Futures tied to the S&P 500 and the Dow Jones Industrial Average both fell 0.9%, while contracts tied to the tech-heavy Nasdaq 100 were down 1.1%. All three indexes were on track for their fourth consecutive day of declines.

☆ Dow Closes at Lowest Level of 2022 as Growth Fears Roil Markets
▼ + stars: | 2022-09-23 | by ( Gunjan Banerji | Chelsey Dulaney | ) www.wsj.com time to read: 1 min

A wave of selling in financial markets swept across the globe Friday, with nervous investors forced to again confront the specter of recession. New signs of slowing global growth rocked investments of all sorts. The Dow Jones Industrial Average fell to its lowest level of the year, the dollar surged and short-term Treasury yields jumped.

☆ Japan Jumps Into Market to Buy Yen for First Time in 24 Years
▼ + stars: | 2022-09-22 | by ( Megumi Fujikawa | Chelsey Dulaney | ) www.wsj.com time to read: 1 min

TOKYO—Japan intervened in the foreign-exchange market by buying yen for the first time in 24 years, shortly after the Bank of Japan accelerated a fall in the currency by confirming it would maintain ultralow interest rates. The rare intervention was the latest example of global concern triggered by the strong dollar, which has gained ground on the back of the Federal Reserve’s interest-rate increases.

El Salvador tapped its thin foreign-currency reserves to repurchase debt at a discount, part of an effort to mitigate concerns about an imminent debt default as President Nayib Bukele intends to seek re-election. The government of the highly indebted Central American nation said it would buy back $566 million, paying bondholders 91 cents on the dollar for its bond due early next year and 54 cents for its 2025 bond. Each had an outstanding value of $800 million.

The U.S. dollar is experiencing a once-in-a-generation rally, a surge that threatens to exacerbate a slowdown in growth and amplify inflation headaches for global central banks. The dollar’s role as the primary currency used in global trade and finance means its fluctuations have widespread impacts. The currency’s strength is being felt in the fuel and food shortages in Sri Lanka, in Europe’s record inflation and in Japan’s exploding trade deficit.

☆ Stock Futures Edge Lower After Dow Exits Bear Market
▼ + stars: | 2022-01-12 | by ( Chelsey Dulaney | ) www.wsj.com time to read: 1 min

U.S. stock futures slipped, pointing to a pause in the market rally that propelled the Dow Jones Industrial Average into a new bull market a day earlier. Futures tied to the S&P 500 fell 0.1%, while contracts on the Dow Jones Industrial Average declined 0.2%. Nasdaq-100 futures also shed 0.2%.

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