Page 19 - Peter Essele News Today

Brian Levitt, Global Market Strategist at Invesco, says the market is "recalibrating for a weaker economic backdrop." Investors are getting spooked by the rising numbers of COVID-19 cases as the delta variant spreads across the globe. The Dow fell about 725 points Monday, a drop of 2.1%. The S&P 500 ended the day down 1.6% and the Nasdaq was 1.1% lower. This was the worst day for the Dow since a 943-point drop in late October, and it was the biggest decline this year. But the blue chip market b...

By Jessica DiNapoli NEW YORK (Reuters) -Stocks on Wall Street fell as much as 2% on Monday, with the Dow posting its worst day in nine months, as a rise in worldwide coronavirus cases and increasing U.S. deaths drove investors out of risky assets, crushing bond yields and share prices. Oil prices plunged more than 6%, driven down both by worries about future demand and by an OPEC+ agreement to increase supply. U.S. Treasury bond yields tumbled to five-month lows, with the yield on benchmark...

New Covid cases are rebounding in the U.S. as the delta variant spreads, largely among the unvaccinated. The U.S. is averaging about 26,000 daily cases in the last seven days, more than double the average from a month ago, according to CDC data.  Shares that are directly tied to a successful reopening, such as airlines and cruise line operators, bore the brunt of the sell-off. Carnival and Norwegian Cruise Line dropped more than 5% each, while Royal Caribbean fell 4%. Shares of United ...

by Paul R. La Monica, CNN Business — July 19, 2021 . Investors are getting spooked by the rising numbers of Covid-19 cases as the Delta variant spreads across the globe. The Dow fell about 725 points Monday, a drop of 2.1%. The S&P 500 ended the day down 1.6% and the Nasdaq was 1.1% lower. This was the worst day for the Dow since a 943-point drop in late October, and it was the biggest decline this year. But the blue chip market barometer has had several even bigger point plunges sinc...

World stocks face losing streaks as investors avoid risk Oil prices headed for worst day since March after OPEC+ agreed to boost output Reuters July 20, 2021 In the past two months, the federal cabinet has exempted taxes on $5.5b worth of foreign borrowings, including $2.5b Euro-bonds. PHOTO: FILE NEW YORK: Investors moved away from risky assets on Monday as a rise in worldwide coronavirus cases crushed bond yields and left stocks facing losing streaks, with Wall Street falling more than 1%. ...

Dow Climbs 229, Nasdaq Picks Up 119 Stocks rallied to set new records Friday after a grim jobs report undercut interest rates. Technology companies accounted for a big share of the broad rally, which included solid gains by stocks in the energy, industrial, and consumer discretionary sectors. The gains helped the S&P 500 notch its eighth weekly gain in the last 10 weeks. By Stan Choe, Damian J. Troise & Alex Veiga | May 7, 2021 | 5:01 p.m. ET. Stocks rallied to more records on Wall Street Fri...

Stan Choe, Damian J. Troise, and Alex Veiga Stocks rallied to more records on Wall Street Friday as a stunningly disappointing report on the nation’s job market signaled to investors that interest rates will likely stay low. The S&P 500 rose 0.7%, topping the previous all-time high set last month. The Dow Jones Industrial Average set a record high for the third straight day. Technology companies accounted for a big share of the broad rally, which included solid gains by stocks in the energy,...

Dont miss the big stories. Like us on Facebook.   Stocks rallied to more records on Wall Street Friday as a stunningly disappointing report on the nations job market signaled to investors that interest rates will likely stay low. The S&P 500 rose 0.7%, topping the previous all-time high set last month. The Dow Jones Industrial Average set a record high for the third straight day. Technology companies accounted for a big share of the broad rally, which included solid gains by stocks in the en...

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Macro Roundup (Apr 16) CST Source:SMM The dollar index was little changed on the day on Thursday as investors balanced bullish data showing U.S. retail sales rose by the most in 10 months in March against a continued drop in U.S. Treasury yields. SHANGHAI, Apr 16 (SMM) — This is a roundup of global macroeconomic news last night and what is expected today. The dollar index was little changed on the day on Thursday as investors balanced bullish data showing U.S. retail sales rose by the most in...