analyst
* U.S. dollar steady
(Updates prices)
By Bharat Gautam
June 23 (Reuters) - Gold prices eased on Thursday, pressured
by expectations of aggressive interest rate increases after ...
Sky-high oil prices pose yet another obstacle to U.S. corporate earnings, and some on Wall Street are worried this could sink stock prices even deeper into the red. Brent crude has surged nearly 40% since the start of the year and stands at $110.73 per barrel as tight inventories, rising demand and the war in Ukraine keep prices near their highest since 2014.
* U.S. stocks end down; MSCI global stock index also lower. * Powell says committed to bringing down inflation. * Dollar slips. By Caroline Valetkevitch.
- Wall Street's main indexes ended with slim losses on Wednesday after choppy trading as energy shares weighed and investors digested Federal Reserve Chair Jerome Powell's comments on the central bank's aim to bring down inflation. After opening lower, major U.S. indexes had erased losses following Powell's testimony before a Senate committee, but then they faded into the close.
* U.S. stocks higher after Powell remarks. * Oil prices fall. * Dollar slips. By Caroline Valetkevitch. Major U.S. stock indexes rose on Wednesday after Federal Reserve Chair Jerome Powell said the U.S. central bank is "strongly committed" to bringing down inflation, while benchmark Treasury yields eased.
* Indexes: Dow down 0.23%, S&P slips 0.01%, Nasdaq up 0.38% By Devik Jain and Anisha Sircar. Wall Street's main indexes cut losses and the Nasdaq turned positive on Wednesday after Federal Reserve Chair Jerome Powell said the U.S. central bank is "strongly committed" to bringing down inflation that is running at a 40-year high.
* Fed's Powell to testify before Senate at 09:30 a.m. ET. * Boeing (BA) falls on warning supply-chain woes will last through 2023. * Futures down: Dow 1.48%, S&P 1.64%, Nasdaq 1.74% By Devik Jain and Boleslaw Lasocki.
- Wall Street's main indexes ended with slim losses on Wednesday after choppy trading as energy shares weighed and investors digested Federal Reserve Chair Jerome Powell's comments on the central bank's aim to bring down inflation. After opening lower, major U.S. indexes had erased losses following Powell's testimony before a Senate committee, but then they faded into the close.
* European stocks tumble as risk on mood evaporates. * Oil prices slump over 4% ahead of U.S. cap move. * Bond yields drop but euro zone spreads widen. * Dollar bulls send yen to new 24-year low. * Graphic: Global asset performance http://tmsnrt.rs/2yaDPgn. * Graphic: World FX rates http://tmsnrt.rs/2egbfVh. By Marc Jones.
News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.
PDF’s require Adobe® Reader® and will open in a new window.
Log In Required
Line of Credit Log In Required