The S&P 500 reversed declines to trade barely higher in choppy trading on Wednesday after the Federal Reserve said the U.S. economic recovery remained on track despite rising coronavirus cases and that higher inflation remained the result of "transitory factors." The Dow cut its declines while the Nasdaq added to gains. The Fed statement came at the conclusion of its latest two-day policy meeting.
Interest Rate Decision; EIA Weekly Petroleum Status Report; Canada Consumer Price Index for June; McDonald's Corp. 2 Q earnings; Pfizer Inc. 2 Q earnings; Boeing Co. 2 Q earnings; Facebook Inc. 2 Q earnings; Ford Motor Co. 2 Q earnings. Stock futures ticked higher Wednesday as investors awaited fresh guidance from the Federal Reserve and another batch of earning reports from the nation's biggest companies. The stock market is hovering near all-time highs, with investors betting on...
International investors were feeling bruised and uncertain on Tuesday as a third day of heavy selling hammered China's top tech stocks and began to seep into currency and debt markets. China's rise in global indexes in recent decades means money managers are more exposed than ever as Beijing seeks to reduce the dominance of some of its tech, property, ride-hailing and even private education firms.
U.S. stocks and the dollar slipped on Wednesday in listless trade after the Federal Reserve gave no clue about when it might start reducing its purchases of government bonds, even as it said the economic recovery is on track.
U.S. stocks and the dollar slipped on Wednesday in listless trade after the Federal Reserve gave no clue about when it might start reducing its purchases of government bonds, even as it said the economic recovery is on track.
Asian shares stayed stuck at seven-month lows on Wednesday, as markets continued to digest a storm in Chinese equity markets, while the dollar rested with traders reluctant to place large bets ahead of the outcome of the Federal Reserve meeting.
A sell-off in Chinese shares overnight in Asia extended the rout in U.S. markets on Tuesday, with a gap in volatility indexes signaling further weakness ahead, as tighter government regulations in China led investors to dump holdings.
* S&P 500 down 0.6% before Tuesday's Fed meeting. * Hang Seng Tech index tumbles 8% * STOXX 600 index loses 0.5% * World stock index sheds 0.7%. By Koh Gui Qing.
International investors were feeling bruised and uncertain on Tuesday as a third day of heavy selling hammered China's top tech stocks and began to seep into currency and debt markets. China's rise in global indexes in recent decades means money managers are more exposed than ever as Beijing seeks to reduce the dominance of some of its tech, property, ride-hailing and even private education firms.
* S&P 500 down 0.6% before Tuesday's Fed meeting. * Hang Seng Tech index tumbles 8% * STOXX 600 index loses 0.5% * World stock index sheds 0.7%. By Koh Gui Qing.
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