Tag: New York Stock Exchange
Stocks Fall After the Release of GDP Data
U.S. stocks declined on Thursday as investors digested the latest round of GDP data. Estimates on Thursday showed that the U.S. economy's GDP for the second quarter came in at an unchanged 2.1%.
The tech-heavy Nasdaq Composite index declined by around 0.3%, while the...
Dollar and Stocks Steady as Bonds Ease From Record Highs
The U.S. dollar and stocks in New York stabilized on Wednesday, while U.S. Treasury Yields retreated from their 16-year high, easing pressure on the economy. Derek Halpenny, head of global markets research at MUFG Bank Ltd., observed: "If yields continue to move higher, at...
U.S. Futures Decline Following Fed Update
Futures on the New York Stock Exchange retreated on Tuesday following comments indicating that the Federal Reserve may be inclined to keep interest rates higher for longer. Fed policymaker Neel Kashkari revealed that while the US economy is showing signs of easing inflation, the...
Stocks Close Lower Amid Fears of Higher Interest Rates For Longer
New York stocks ended the week lower as investors exhibited anxiety over the Federal Reserve's warning that interest rates may stay higher for longer than previously expected. The S&P 500 closed 0.2% lower, while the Dow Jones Industrial Average fell by 0.3%. The tech-heavy...
FedEx Shares Jump After Beating Profit Estimates
FedEx shares rose by 5.7% to $264.60 during extended trading on Wednesday after the company achieved a major quarterly profit estimate beat. The company reported a 32% rise in first-quarter adjusted earnings to $4.55 per share, thereby beating Wall Street estimates by 82 cents according...
Futures Rise Ahead of Fed Rate Decision
U.S. futures rose on Wednesday as the Federal Reserve continues to hold its September policy meeting. The central bank is due to announce its latest interest rate decision later on in the day, while Fed Chair Jerome Powell is slated to deliver an address....