Tag: Dow Jones

U.S. stocks fell on Monday following the news that UBS Group AG has closed a deal to purchase the struggling Credit Suisse investment bank. The state-backed takeover is worth over $3 billion. "This acquisition is attractive for UBS shareholders but, let us be clear, as...

U.S. stocks started the week on a somber note after suffering the aftereffects of the collapse of Silicon Valley Bank. U.S. regulators took control of SVB on Friday in a move to limit the effect of the tech-focused bank's failure. The S&P 500 declined by...

U.S. stocks advanced on Friday morning following the release of February's better-than-expected jobs report. Futures on the S&P 500 edged higher by 0.1%, while those tied to the Nasdaq Composite were up 0.4%. Contracts on the Dow Jones Industrial Average remained relatively unchanged. Bond yields...

U.S. stock futures fell on Thursday as investors brace themselves for a spike in interest rates following Fed Chair Jerome Powell's hawkish testimony before congress. With the labor market remaining tight despite the central bank's aggressive rate hikes in recent times, Friday's weekly jobless...

U.S. stocks edged lower on Tuesday following Federal Reserve Chair Jerome Powell's testimony in front of Congress. Powell expressed a hawkish economic outlook, telling Congress to expect interest rates to continue to rise in the face of persistent inflation. Powell is delivering a semi-annual testimony...

Global stock markets were stationary on Monday, bringing a halt to last week's rally as investors assessed China's latest economic growth target. The country's lower-than-expected growth target gave rise to assumptions that the Chinese government would not be deploying stimulus. European stocks rose marginally, with...