Gold slipped on Friday as the U.S. dollar
in which bullion is priced rebounded from two-week lows, but the
safe-haven metal was still likely to post its first weekly gain
in five on persistent ...
By Saqib Iqbal Ahmed. The U.S. dollar recouped some of its losses against the euro on Friday, but remained set for its worst weekly performance against the common currency since early February as investors questioned whether the greenback's month-long rally was done.
- Wall Street ended mixed on Friday after a volatile session that saw Tesla slump and other growth stocks also lose ground. Worries about surging inflation and rising interest rates have pummeled the U.S. stock market this year, with danger signals from Walmart Inc (WMT) and other retailers this week adding to fears about the economy.
- Wall Street ended mixed on Friday after a volatile session that saw Tesla slump and other growth stocks also lose ground. The S&P 500 and the Nasdaq logged their seventh straight week of losses, their longest losing streak since the end of the dotcom bubble in 2001. The Dow suffered its eighth consecutive weekly decline, its longest since 1932 during the Great Depression.
Central banks are wrestling with inflation and sliding stocks are feeling the heat, leaving investors to ponder just where the so-called "Fed put" has gone. Meeting minutes from the world's foremost policy makers may shed some light, while New Zealand and South Korean central banks ponder how big their rate hikes need to be to keep up with the Fed.
The U.S. dollar rose against the euro on Friday, as investor unease about the potential economic fallout from Federal Reserve's efforts to squash inflation bubbled to the surface, souring risk sentiment on Wall Street.
* Global shares slide as Wall St rally fizzles. * Bonds rally on safety appeal, dollar backs away from highs. By Herbert Lash. Global equities fell further on Thursday, unable to sustain a late rally on Wall Street, as investors dumped stocks on fears of sluggish growth and bought safe-haven assets such as government debt and the Swiss franc.
* Cisco (CSCO) tumbles on full-year growth forecast cut. * Canada Goose jumps after upbeat profit outlook. * S&P 500 -0.58%, Nasdaq -0.26%, Dow -0.75% By Devik Jain and Noel Randewich. May 19 - Wall Street ended lower after a volatile session on Thursday, with Cisco Systems (CSCO) slumping after giving a dismal outlook, while investors fretted about inflation and rising interest rates.
* Cisco (CSCO) tumbles on full-year growth forecast cut. * Canada Goose jumps after upbeat profit outlook. By Devik Jain and Noel Randewich. May 19 - The S&P 500 ended lower after a volatile session on Thursday, with Cisco Systems (CSCO) slumping after giving a dismal outlook, while investors fretted about inflation and rising interest rates.
* Global shares slide as Wall Street cools a bit. * Bonds rally on safety appeal, dollar backs away from highs. * Graphic: Global asset performance http://tmsnrt.rs/2yaDPgn. * Graphic: World FX rates http://tmsnrt.rs/2egbfVh. By Herbert Lash.
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