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☆ Wall Street gains, dollar dips, Treasury yields rise on BOJ policy shift
▼ + stars: | 2022-12-20 | by ( Stephen Culp | ) www.reuters.com time to read: +4 min

"The slightest tweak in their policy has investors scratching their heads as to how to interpret that going forward." [1/4] The Wall Street entrance to the New York Stock Exchange (NYSE) is seen in New York City, U.S., November 15, 2022. REUTERS/Brendan McDermid/ 1 2 3 4Emerging market stocks lost 0.63%. U.S. Treasury yields jumped after Japan's central bank broadened its yield curve control, which prompted a global bond sell-off. Japan's surprise policy review sent the yen to a four-month peak against the greenback, and the dollar fell sharply against a basket of currencies.

☆ Wall St reverses sell-off, dollar slides, Treasury yields rise on BOJ policy shift
▼ + stars: | 2022-12-20 | by ( Stephen Culp | ) www.reuters.com time to read: +3 min

Wall Street's "upward move is on relatively light volume," said Oliver Pursche, senior vice president at Wealthspire Advisors, in New York. Emerging market stocks lost 0.55%. REUTERS/Issei Kato 1 2 3U.S. Treasury yields jumped after the Bank of Japan broadened its yield curve control, which prompted a global bond sell-off. Japan's surprise policy review sent the yen to a four-month peak against the greenback, and the dollar fell sharply against a basket of currencies. Gold breached the $1,800 level as the dollar lost altitude.

☆ Wall St posts fourth straight drop, Treasury yields rise as recession fears weigh
▼ + stars: | 2022-12-19 | by ( Stephen Culp | ) www.reuters.com time to read: +4 min

[1/2] A trader works on the trading floor at the New York Stock Exchange (NYSE) in New York City, U.S., December 14, 2022. "(Investors are) worried about recession and higher rates and there’s not a lot of news to reverse the trend." Emerging market stocks rose 0.02%. U.S. Treasury yields rose as investors considered how high the Federal Reserve will hike interest rates in its protracted battle against inflation. Gold inched lower in thin trading, as rising yields on expected future interest rate hikes helped offset weakness in the greenback.

☆ Wall Street slides, Treasury yields rise on lingering recession fears
▼ + stars: | 2022-12-19 | by ( Stephen Culp | ) www.reuters.com time to read: +4 min

[1/2] A trader works on the trading floor at the New York Stock Exchange (NYSE) in New York City, U.S., December 14, 2022. MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) closed 0.24% lower, while Japan's Nikkei (.N225) lost 1.05%. U.S. Treasury yields rose as investors considered how high the Federal Reserve will hike interest rates and how long they will remain at restrictive levels in its battle against inflation. U.S. crude rose 1.21% to settle at $75.19 per barrel, while Brent settled at $79.80, up 0.96% on the day. Gold inched lower in thin trading, as rising yields on expected future interest rate hikes helped offset weakness in the greenback.

☆ Wall Street mixed, Treasury yields rise as 2023 worries loom
▼ + stars: | 2022-12-19 | by ( Stephen Culp | ) www.reuters.com time to read: +3 min

With just two weeks remaining in 2022, the S&P 500, the Dow and the Nasdaq are on track to notch their largest annual percentage losses since 2008, the nadir of the global financial crisis. The pan-European STOXX 600 index (.STOXX) rose 0.43% and MSCI's gauge of stocks across the globe (.MIWD00000PUS) shed 0.23%. U.S. Treasury yields rose as investors considered how high the Federal Reserve will hike interest rates and how long they will remain at restrictive levels in its battle against inflation. U.S. crude rose 0.48% to $74.65 per barrel and Brent was last at $79.57, up 0.67% on the day. Reporting by Stephen Culp; Additional reporting by Danilo Masoni in Milan; Editing by Susan FentonOur Standards: The Thomson Reuters Trust Principles.

☆ Wall St ends sharply higher as cooling inflation fuels hope of easing Fed
▼ + stars: | 2022-11-10 | by ( Stephen Culp | Simon Jessop | ) www.reuters.com time to read: +4 min

The risk-on fervor also sent the 10-year Treasury yield to its lowest level in five weeks and the safe-haven greenback plummeting. Inflation"It shows you how focused asset owners were on inflation compared to everything else going on in the world," Tuz said. The pan-European STOXX 600 index (.STOXX) rose 2.75% and MSCI's gauge of stocks across the globe (.MIWD00000PUS) gained 4.57%. Signs that the decades-high inflation growth is beginning to ebb sent U.S. Treasury yields to a five-week low, supporting expectations that the Fed could ease its foot from the rate-hike accelerator. The dollar index fell 2.41%, with the euro up 2.07% to $1.0218.

☆ Wall St surges, dollar tumbles as easing inflation fuels Fed abatement hopes
▼ + stars: | 2022-11-10 | by ( Stephen Culp | ) www.reuters.com time to read: +4 min

The risk-on fervor also sent the benchmark Treasury yield to its lowest level in five weeks and the safe-haven greenback plunged. Inflation"It shows you how focused asset owners were on inflation compared to everything else going on in the world," Tuz said. The pan-European STOXX 600 index (.STOXX) rose 2.75% and MSCI's gauge of stocks across the globe (.MIWD00000PUS) gained 3.97%. Signs that the decades-high inflation growth is beginning to ebb sent U.S. Treasury yields lower, supporting expectations that the Fed could ease its foot from the rate-hike accelerator. The dollar index fell 2.06%, with the euro up 1.68% to $1.0179.

☆ Wall Street surges, dollar plunges as inflation data boosts Fed slowdown hopes
▼ + stars: | 2022-11-10 | by ( Stephen Culp | Margaryta Chornokondratenko | ) www.reuters.com time to read: +4 min

"This is welcome news," Cardillo added, suggesting that "there's a possibility the Fed raises interest rates by 50 basis points in December and then takes a pause." Signs that decades-high inflation growth is beginning to ebb sent U.S. Treasury yields lower, supporting expectations that the Fed could ease its foot from the rate-hike accelerator. The dollar lost ground against a basket of world currencies as sunny economic data lured investors away from the safe-haven greenback. The dollar index fell 1.96%, with the euro up 1.55% to $1.0166. Gold prices jumped as the dollar dropped, reflecting hopes that the inflation data could rein in the Fed's hawkish stance.

In the Treasuries market the yield on the 2-year note , the maturity most sensitive to Fed rate expectations, dropped by nearly 20 basis points, the most in one day since June. And traders in futures contracts tied to the Fed's benchmark rate show traders now expect the blistering pace of policy tightening to slow next month. Rate futures contracts are now pricing in a top policy rate in the 4.75%-5% range next March -- lower than the 5%-plus range seen before the report -- and interest-rate cuts in the second half of the year. Continued high inflation for services, possibly reflecting labor markets that remain tight, could prevent any quick resolution of the overall inflation problem. Speaking after the report, Philadelphia Fed president Patrick Harker indicated his support for slowing rate hikes and then stopping, perhaps even earlier than markets are now pricing in.

☆ Wall Street surges to sharply higher close ahead of Fed week
▼ + stars: | 2022-10-28 | by ( Stephen Culp | ) www.reuters.com time to read: +4 min

Analysts now see third-quarter S&P 500 earnings growth of 4.1%, up from 2.5% on Thursday, according to Refinitiv data. Of the 11 major sectors of the S&P 500, all but consumer discretionary stocks (.SPLRCD), weighed down by Amazon shares, ended the session green. Third-quarter reporting season has passed the halfway point, with 263 of the companies in the S&P 500 having reported. The S&P 500 posted 32 new 52-week highs and eight new lows; the Nasdaq Composite recorded 117 new highs and 115 new lows. Volume on U.S. exchanges was 11.26 billion shares, compared with the 11.53 billion average over the last 20 trading days.

☆ U.S. data brings some encouraging signs for inflation-weary Fed
▼ + stars: | 2022-10-28 | by ( Lindsay Dunsmuir | ) www.reuters.com time to read: +3 min

Fed policymakers are keenly attentive to the ECI as one of the better measures of labor market slack and a predictor of core inflation. Projections released last month showed policymakers' median forecast for the federal funds rate by the end of 2023 at 4.6%. Several policymakers in the last month have also appeared to be leaning toward a smaller rate hike at the Dec. 13-14 meeting. Certainly, the latest Personal Consumption Expenditures (PCE) price index data did little to bolster central bank hopes that price pressures have decisively turned a corner. That was enough for one analyst to argue the market is undershooting the amount of Fed tightening that remains.

☆ S&P 500, Nasdaq slide, while Dow ends higher on mixed earnings picture
▼ + stars: | 2022-10-27 | by ( Stephen Culp | ) www.reuters.com time to read: +5 min

That sent S&P 500 futures down 0.5% and Nasdaq futures down 0.6%, showing traders expect Wall Street to open lower on Friday. Among the 11 major sectors of the S&P 500, industrials had the biggest percentage gain, with communication services (.SPLRCL), weighed by Meta, down the most. Third-quarter reporting season forges ahead at full speed, with 227 of the companies in the S&P 500 having reported. Shares of Southwest Airlines Co (LUV.N) rose 2.7% after the carrier's quarterly profit topped consensus estimates. The S&P 500 posted 23 new 52-week highs and 12 new lows; the Nasdaq Composite recorded 93 new highs and 119 new lows.

☆ S&P, Nasdaq pulled lower as tech earnings misses fuel slowdown fears
▼ + stars: | 2022-10-26 | by ( Stephen Culp | ) www.reuters.com time to read: +3 min

Reuters GraphicsThe S&P 500 and the Nasdaq were last in negative territory, dragged lower by market-leading tech and tech-adjacent companies following results from Microsoft (MSFT.O) and Alphabet (GOOGL.O). Among the 11 major sectors of the S&P 500, communications services (.SPLRCL) and tech (.SPLRCT) were suffering the largest percentage losses. Third quarter earnings season has shifted into high gear, with 170 of the companies in the S&P 500 having reported. Analysts now see aggregate S&P 500 earnings growth of 2.3%, down from 4.5% at the beginning of the month, per Refinitiv. The S&P 500 posted 25 new 52-week highs and 2 new lows; the Nasdaq Composite recorded 87 new highs and 54 new lows.

☆ Wall St extends rally on signs of ebbing Fed rate hikes
▼ + stars: | 2022-10-25 | by ( Stephen Culp | ) www.reuters.com time to read: +4 min

The S&P 500 has reclaimed nearly 8% from the trough of its Oct. 12 close. Among the 11 major sectors of the S&P 500, all but energy (.SPNY) were green, with real estate stocks (.SPLRCR) enjoying the largest percentage gain. Third-quarter reporting season is firing all pistons, with 129 of the companies in the S&P 500 having reported. Analysts have set the bar low; aggregate S&P 500 earnings growth is now seen landing at 3.3% year-on-year, down from 4.5% at the beginning of the month, per Refinitiv. The S&P 500 posted 12 new 52-week highs and 1 new lows; the Nasdaq Composite recorded 65 new highs and 108 new lows.

Oct 25 (Reuters) - General Electric Co (GE.N) on Tuesday trimmed its full-year profit forecast after reporting a decline in third-quarter earnings, primarily due to higher warranty and related reserves at its renewable energy business. The company, which is in the process of breaking up into three companies, is facing challenges at its onshore wind business. The restructuring will also affect jobs at its renewable energy unit's headquarters, he said. The company said corporate restructuring along with cuts at renewable energy business will cost $1.3 billion and generate $950 million in annualized savings. Excluding a $500 million warranty and related reserves at its renewable energy business, quarterly profit would have been 75 cents a share.

☆ GE CEO sees 'choppier' operating environment next year
▼ + stars: | 2022-10-25 | by ( Rajesh Kumar Singh | ) www.reuters.com time to read: +2 min

"But it's likely to be a more difficult environment next year for everybody than it has been here in (20)22." With no signs of a letup in air travel demand, the Boston-based company sees "significant" long-term growth opportunity for its aviation business. As part of efforts to mitigate the problem, he said the company is carrying excess inventory and ordering some parts and raw materials well in advance. "We are carrying inventory and incurring excess cost because of these supply-chain issues," Culp said, adding that excess inventory and costs are "very real" near-term challenges for the company. It is also helping suppliers reduce their reliance on labor, he said.

☆ GE is hurting but Larry Culp’s legacy has hope yet
▼ + stars: | 2022-10-25 | by ( Lauren Silva Laughlin | ) www.reuters.com time to read: +3 min

NEW YORK, Oct 25 (Reuters Breakingviews) - For Larry Culp, it’s not the journey but the destination. If all goes perfectly, it could be enough to salvage Culp’s legacy. Orders plummeted 43% year-on-year and revenue declined 15% as demand in the power division, which focuses on more traditional sources, rose. In healthcare, both orders and revenue were up just slightly in the first nine months of the year. If it succeeded in juicing up Vernova’s revenue, it could be game-changing for Culp’s legacy too.

☆ Wall St closes sharply higher on hopes of abating Fed
▼ + stars: | 2022-10-24 | by ( Stephen Culp | ) www.reuters.com time to read: +4 min

Among the 11 major sectors in the S&P 500, nine closed green, with healthcare (.SPXHC) enjoying the largest percentage gain. So far, nearly one-fifth of the companies in the S&P 500 have reported. Analysts expect S&P 500 earnings growth of 3.0%, on aggregate, down from 4.5% at the beginning of the month, per Refinitiv. Results from a slew of heavy-hitting tech and tech-adjacent companies are likely to dominate the earnings chatter this week. The S&P 500 posted 21 new 52-week highs and 4 new lows; the Nasdaq Composite recorded 73 new highs and 331 new lows.

☆ Wall St rises as data hints at Fed policy progress
▼ + stars: | 2022-10-24 | by ( Stephen Culp | ) www.reuters.com time to read: +4 min

All three major U.S. stock indexes were higher at the top of a week jam-packed with high profile corporate earnings and crucial economic data. Among the 11 major sectors in the S&P 500, healthcare (.SPXHC) was enjoying the largest percentage gain. So far, nearly one-fifth of the companies in the S&P 500 have reported. Analysts expect S&P 500 earnings growth of 3.0%, on aggregate, down from 4.5% at the beginning of the month, per Refinitiv. The S&P 500 posted 21 new 52-week highs and 4 new lows; the Nasdaq Composite recorded 58 new highs and 297 new lows.

☆ U.S. stocks turn red as investors eye prolonged Fed hawkishness
▼ + stars: | 2022-10-20 | by ( Stephen Culp | ) www.reuters.com time to read: +4 min

Harker's comments also helped support the 10-year Treasury yield's march past 14-year highs. "Harper’s comments provided further confirmation that the Fed is all in on continued aggressive policy and future (interest) rate increases." The pan-European STOXX 600 index (.STOXX) rose 0.26% and MSCI's gauge of stocks across the globe (.MIWD00000PUS) shed 0.55%. Benchmark Treasury yields resumed their rise after economic data appeared to confirm the Fed is unlikely to relent in its aggressive campaign to rein in inflation. The Japanese yen weakened 0.10% to 150.05 per dollar, while Sterling was last trading at $1.1229, up 0.13% on the day.

☆ Wall St jumps, Treasury yields climb on Truss resignation, solid earnings
▼ + stars: | 2022-10-20 | by ( Stephen Culp | ) www.reuters.com time to read: +4 min

All three major U.S. stock indexes overcame initial indecision to surge into positive territory, and 10-year Treasury yields continued to march past 14-year highs. European stocks whipsawed after Truss said she would leave 10 Downing Street, but were last showing solid gains. Emerging market stocks rose 0.03%. Benchmark Treasury yields resumed their rise after economic data appeared to confirm the Fed is unlikely to relent in its aggressive campaign to rein in inflation. The dollar index fell 0.64%, with the euro up 0.48% to $0.9818.

☆ Wall St ends red, Treasury yields climb on dour guidance and looming recession fears
▼ + stars: | 2022-10-20 | by ( Stephen Culp | ) www.reuters.com time to read: +4 min

All three major U.S. stock indexes lost ground, while the benchmark Treasury yield shot up to touch a new 14-year high. The pan-European STOXX 600 index (.STOXX) lost 0.53% and MSCI's gauge of stocks across the globe (.MIWD00000PUS) shed 0.89%. Emerging market stocks lost 1.62%. A sell-off in U.S. government bonds pushed the benchmark Treasury yield to its highest level since mid-2008 on expectations of continued aggressive interest rate hikes from the Federal Reserve. 1/2 Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., October 14, 2022.

☆ Wall St oscillates, Treasury yields climb on cautious corporate guidance and recession worries
▼ + stars: | 2022-10-19 | by ( Stephen Culp | ) www.reuters.com time to read: +3 min

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., October 14, 2022. The three major U.S. stock indexes wavered between red and green out of the starting gate, while the benchmark Treasury yield shot up to touch a new 14-year high. Emerging market stocks lost 1.53%. A sell-off in U.S. government bonds pushed the benchmark Treasury yield to its highest level since mid-2008 on expectations of continued hawkish policy from the Federal Reserve. The dollar index rose 0.45%, with the euro down 0.64% to $0.9789.

☆ U.S. stocks extend rally, Treasury yields dip after solid earnings, economic data
▼ + stars: | 2022-10-18 | by ( Stephen Culp | ) www.reuters.com time to read: +3 min

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., October 17, 2022. REUTERS/Brendan McDermidNEW YORK, Oct 18 (Reuters) - Wall Street stocks closed higher and Treasury yields dipped on Tuesday as upbeat earnings and better-than-expected factory data stoked a risk-on rally. The pan-European STOXX 600 index (.STOXX) rose 0.34% and MSCI's gauge of stocks across the globe (.MIWD00000PUS) gained 1.13%. Emerging market stocks rose 1.50%. The dollar index rose 0.02%, with the euro up 0.17% to $0.9855.

☆ Wall Street extends rally, Treasury yields waver after solid earnings, economic data
▼ + stars: | 2022-10-18 | by ( Stephen Culp | ) www.reuters.com time to read: +3 min

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., October 17, 2022. REUTERS/Brendan McDermidNEW YORK, Oct 18 (Reuters) - U.S. stocks surged and Treasury yields oscillated on Tuesday as better-than-expected earnings and robust factory data fueled investors' risk appetite. Extending Monday's broad rally, all three major U.S. stock indexes were last up well over 1%, with gains across the board. Emerging market stocks rose 1.47%. read moreThe dollar index rose 0.08%, with the euro up 0.12% to $0.985.

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