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...
Canadian Stocks Post Largest Weekly Decline of 2023
Canadian stocks ended the week lower following a fifth consecutive daily loss. This comes after investors expressed anxiety at the possibility of interest rates remaining higher for longer than previous assessments suggested.
The Toronto Stock Exchange's S&P/TSX composite index ended Friday 11.65 points lower, or...
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...
China Stocks Hit 10-Month Low as Market Pessimism Persists
Chinese stocks slumped to their lowest level in 10 months on Thursday as foreign funds continued to exit the country as investors remained pessimistic about economic growth prospects. Hong Kong's Hang Seng Index slumped by over 1%, while the MSCI China Index plunged by...