Ford's biggest one-day drop in more than 11 years

U.S. stocks failed to gain for the second straight session on Tuesday, with the three major indexes collectively closing down and the Dow falling more than 550 points in intraday trading. Ford closed down 12.39%, its biggest single-day drop since January 2011 [image]
2022-09-21 12:00uSMART


On Monday, the U.S. stock indexes opened lower and moved higher, closing up collectively. At the close, the Dow rose 197.26 points, or 0.64%, to 31019.68 points; The index rose 86.62 points, or 0.76%, to 11535.02 points. The S&P 500 rose 26.56 points, or 0.69%, to 3899.89 [image]
2022-09-20 12:00uSMART

Markets expect Fed to continue raising interest rates

Last week, three major U.S. stock indexes in New York fluctuated downward and fell sharply throughout the week after a fiery August consumer price index, CPI data, failed investors' expectations of a fall in U.S. inflation and a weaker Fed rate hike. [image]
2022-09-19 12:00uSMART

Gold tumbles amid rising U.S. dollar and U.S. bond yields

After a modest rebound on Wednesday, the three major U.S. stock indexes turned their heads and fell again on Thursday. As of the close, the Dow fell 0.56%, the S&P 500 fell 1.13%, and the Nasdaq fell 1.43% [image]
2022-09-16 12:00uSMART


The Dow closed up 30.12 points, or 0.10%, to 31,135.09 points; the Nasdaq rose 86.10 points, or 0.74%, to 11,719.68 points; the S&P 500 rose 13.32 points, or 0.34%, to 3,946.01 points [image]
2022-09-15 12:00uSMART

US stocks fell sharply, the Nasdaq fell more than 5%, the inflation data fell less than expected, and Biden issued a statement

On Tuesday, local time, the three major U.S. stock indexes experienced the largest decline since June 11, 2020, due to factors such as the U.S. inflation data falling less than expected and the Federal Reserve’s monetary policy likely to continue to tighten sharply. U.S. President Joe Biden acknowledged that it will take more time and determination to control inflation MACRO US Markets pulled back sharply, with the Nasdaq plunging 5% following a hotter-than-expected inflation reading EU Markets closed in the red, even as UK unemployment hit a 48-year low of 3.6% for the three months to July Asia Markets were broadly higher, with EV-maker Nio leading gains after an upbeat report by Deutsche Bank US CPI came in above forecasts to rise 8.3% year on year, raising expectations that the Fed will raise interest rates by 75 basis points SECTORS Gold gave back its gains, trading just above the 1700 levels as the dollar rose on rate-hike expectations WTI Crude Oil tumbled close to 1%, trading at $87.61/barrel at time of writing, following bearish US CPI results COMPANY Meta retreated almost 10% as the company’s focus on Reels remains to be less successful than TikTok Adobe slid 7.06% after BMO downgraded the company due to lowered revenue estimates for 2022 and 2023 Rent the Runway sank 38% having announced poor Q2 results which saw slower subscriber growth [image]
2022-09-14 12:00uSMART

U.S. stocks rally continues, markets await Tuesday's CPI data

U.S. tocks closed higher on Monday, continuing last week’s gains. The three major indexes rose for four consecutive days to hit a two-week high. The S&P and Nasdaq both rose by more than 1%, and the S&P recorded its largest four-day winning streak since June [image]
2022-09-13 12:00uSMART

All three major U.S. stock indexes closed higher, U.S. inflation is fragile and stable, the Fed may raise interest rates until 2023

Over the past week, the three major U.S. stock indexes collectively closed higher, ending a three-week losing streak. Among them, the Dow Jones Industrial Average rose 2.66% to 32,151.71 points; the S&P 500 rose 3.65% to 4,067.36 points; the Nasdaq Composite rose 4.14% to 12,112.31 points [image]
2022-09-13 14:59uSMART

Wall Street ends higher, gains driven by banks, healthcare

Wall Street's main indexes posted gains on Thursday mainly lifted by financial institutions and healthcare companies, as investors digested hawkish remarks from policymakers that cemented bets of a large interest rate hike later this month [image]
2022-09-09 18:46uSMART