Latest news with #financialnews
Bloomberg
13 hours ago
- Business
- Bloomberg
Stocks Head For Solid Month of Gains
Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are Jeff deGraaf Renaissance Macro Sarah House Wells Fargo, Jason Goldberg Barclays, Kay Bailey Hutchison Former US Ambassador to NATO, Amanda Agati PNC, Sarah Bianchi Evercore, Vivek Mathew, Antares, Bobby Sharma, Bluestone, and Jake Danehy Fair Harbor (Source: Bloomberg)
Wall Street Journal
14 hours ago
- Business
- Wall Street Journal
Bumble, Tesla, Shell: Stocks That Defined the Week
The Score is a weekly review of the biggest stock moves and the news that drove them. Here are the six in focus this week:
Bloomberg
2 days ago
- Business
- Bloomberg
S&P 500 Closes Just Shy of Record High
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Scarlet Fu, Carol Massar and Tim Stenovec. (Source: Bloomberg)
Yahoo
2 days ago
- Business
- Yahoo
Think it's quiet? The S&P 500 just had its smallest daily move in 8 years.
Markets have had a lot to worry about, but the S&P 500 just had its smallest daily move in 8 years. It closed 0.0003% lower on Wednesday, its smallest daily move since January 2017. "There were several political developments, but none really had a market-moving impact," Deutsche Bank noted. The market has had a lot to worry about this week, but the S&P 500 just had its flattest day in eight years. Despite Israel and Iran's ceasefire, Fed Chair Jerome Powell testifying before the Senate Banking Committee, and NATO members meeting to discuss the war in Ukraine, the flagship stock index closed just 0.0003% lower on Wednesday. It was its smallest daily move in either direction since 2017, Deutsche Bank analysts said in a Thursday note. The index fell just 0.0002% on January 10 of that year. "There were several political developments, but none really had a market-moving impact, and the ceasefire between Israel and Iran continued to hold," wrote the analysts at Deutsche Bank of Wednesday's move. They flagged catalysts in the weeks ahead, including Trump's big tax bill, the 90-day delay to tariffs ending on July 9, and the release of June inflation data that is expected to show the impact of tariffs on prices. The benchmark 10-year Treasury was virtually unmoved Wednesday and early Thursday. The FTSE 100 opened broadly flat as investors wait for fresh catalysts. The CBOE Volatility Index, or VIX, closed at a four-month low of 16.76 points, and Brent crude was only up about 0.1%. The calm follows a volatile oil trade on Monday when prices hit a five-month high before settling 7% lower. They extended losses by another 6% on Tuesday after news of the ceasefire. On Tuesday, tech stocks powered to a record high. Nvidia stock also gained 4% Wednesday to reclaim its crown as the world's most valuable company. The dollar has slid since Trump said Wednesday he had "three or four" successors for Powell in mind, raising expectations of faster interest rate cuts. The US Dollar Index, which tracks the greenback against a basket of other currencies, was trading 0.55% down at 97.16 early Thursday, 10.5% lower than at the start of the year. Read the original article on Business Insider Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Irish Times
2 days ago
- Business
- Irish Times
Global shares hit their third record high in three days despite Fed concerns
Global shares hit their third record high in three days on Thursday despite growing market concerns about the US Federal Reserve's independence. Dublin Euronext Dublin finished the day up 0.5 per cent, which was largely in line with international peers. Ryanair climbed 40 basis points, but underperformed the sector with Aer Lingus parent International Airlines Group and Air France up 2 per cent and 4.5 per cent respectively. It was a mixed bag for the home builders with Cairn Homes up 2 per cent, while Glenveagh Properties was down 23 basis points. READ MORE Meanwhile, insulation specialist Kingspan finished the day up 1.2 per cent, while Ires Reit – the biggest landlord in the State – climbed 1.3 per cent. Among the food names, Kerry Group was up 22 basis points at close of business, while Origin Enterprises, Greencore, and Glanbia climbed 2.7 per cent, 2.2 per cent, and 1.8 per cent respectively. London The UK's main stock indexes rose, with midcaps closing at a 10-month high as investors digested corporate results and considered the outlook for interest rates after data indicated softening consumer spending. The internationally-focused FTSE 100 ended up 0.2 per cent, with a jump in the pound to its highest since 2021 weighing on dollar earners such as Unilever and HSBC. The FTSE midcap index climbed 0.8 per cent to its highest close since August. Among companies that reported, Inchcape gained 5.9 per cent after the car distributor maintained fiscal-year outlook through cost-cutting measures that offset US tariffs and increased competition. Moonpig slumped 9.2 per cent to touch a more than two-month low after the greeting card retailer forecast slower earnings growth and announced the departure of its CEO. Next 15 Group slumped 28 per cent after the consultancy and marketing services provider warned full-year 2026 profit would significantly miss market expectations. Europe European shares edged higher again, buoyed by signs that the Israel-Iran ceasefire appeared to be holding and that European Union leaders were preparing to set their stance for US trade tariff talks ahead of a Trump-imposed deadline of July 9th. The region's flagship Stoxx 600 index was up 0.2 per cent on the day while MSCI's record-high world stocks benchmark was up 0.4 per cent, leaving it almost 8 per cent ahead for the year. The euro jumped 0.6 per cent to $1.173, its strongest since 2021. Euro zone bond yields fell slightly after rising the day before, as markets weighed worries about rising fiscal spending against the outlook for monetary policy. Germany's 10-year government bond yield, the euro zone's benchmark, was last down 1 basis point at 2.555 per cent, after rising 3 basis points the day before. The 30-year yield was little changed at 3.07 per cent. 'We're range trading,' said Anders Svendsen, chief analyst at Nordea. 'I think we should be careful not to over-interpret daily moves.' New York The dollar sank to a more than three-year low after reports Donald Trump is planning to choose the next Federal Reserve chief early. The US dollar index was down nearly 0.5 per cent on the session and more than 10 per cent for the year. If it stays that way in the next few days it will be its biggest fall in the first half of a year since the start of the era of free-floating currencies in the early 1970s. Wall Street's main indexes were trading higher, with the benchmark S&P 500 and Nasdaq nearing record highs. The Dow Jones Industrial Average rose 0.74 per cent; the S&P 500 rose 0.66 per cent; and the Nasdaq Composite rose 0.73 per cent. Copper miners gained after the red metal's prices jumped to a three-month high. Freeport Freeport-McMoRan rose 6.2 per cent and Southern Copper advanced 6.5 per cent. Equinix's shares dropped 9.2 per cent after its annual growth forecast failed to impress investors, with multiple brokerages cutting their ratings on the data centre company's stock. – Additional reporting: Agencies
