By Claudia Cohen Released 1 hour ago, Update 1 hour ago Together, Jeff Bezos (Amazon), Mark Zuckerberg (Meta) and Elon Musk (Tesla) lost $294 billion in 2022. SAUL LOEB/AFP; Archivo/Latin America News Age; DPA/ Photononstop/DPA/Photononstop DESCRIPTION – The stock market of Tesla, Meta, Amazon and Google has melted the assets of their leaders. Three thousand … Read more
The Fed is likely to be decisive for Wall Street tonight The US stock market is consolidating pending the outcome of the Fed meeting on Wednesday evening. The release of US inflation figures on Tuesday failed to provide a clear direction to the market. The main indices have corrected their sharp rise caused by the … Read more
Wall Street is misled at the start of a crucial week marked by the Fed Wall Street ended lower on Friday after the release of disappointing inflation numbers, suggesting that inflation will continue to be more persistent than expected. The producer price index, which measures changes in factory input prices, rose 0.3% in November, more … Read more
Growth fears begin to weigh on Wall Street Wall Street ended nearly flat on Thursday after a sharp rally sparked by remarks seen as dovish by Jerome Powell. Traders failed to take advantage of PCE inflation slowing to a 10-month low. They preferred to focus on the drop in the ISM manufacturing index to 49%, … Read more
Wall Street soars thanks to comments Jerome Powell deems dovish US stock markets rose on Wednesday evening after the long-awaited intervention of the Fed chairman at the Brookings Institute. The S&P 500 rose more than 3% and the Nasdaq 100 nearly 5% after Jerome Powell indicated the pace of rate hikes could slow as early … Read more
China and the Fed put pressure on Wall Street Wall Street started the week on a negative note, with the main US indexes down more than 1%, punished by recent events in China and hawkish rhetoric from New York and St. Louis Fed offices. Sentiment was punished from Sunday evening by the massive demonstrations in … Read more
PCE inflation and Powell are likely to be key for Wall Street this week Selling pressure may resurface in global equity markets this week as the outlook continues to deteriorate in China. The impact of the zero-covid policy appears to be intensifying on the Chinese economy, as the profits of the country’s industrial companies fell … Read more
Wall Street continues its bear market rally, but risks remain on the downside Wall Street ended higher yesterday after the Fed hinted that a slowdown in rate hikes could be coming soon. The minutes revealed that “a significant majority of participants felt that a slower rate of increase would probably soon be appropriate”, but it … Read more
Wall Street is marking time after a huge 20% rebound in 3 weeks US stock markets are marking time in the near term after three strong weeks of gains, notably the Dow Jones, which rose 17% from its October low. Equity markets benefited from investor speculation about possible less-than-expected monetary tightening by the Fed after … Read more
Inflation figures will be decisive in the short term for Wall Street The New York Stock Exchange resumed its downtrend yesterday after a few rebound sessions. The tighter-than-expected outcome of the midterm elections, the downturn in the crypto market and the disappointing quarterly results for Walt Disney (-13.2%) and a number of growth stocks such … Read more
