The benchmark S&P 500 and the blue-chip Dow turned positive on Wednesday as investors parsed U.S. Federal Reserve Chair Kevin Warsh’s comments that inflation risks had eased.
Tag: Stocks
Asian share markets started the new quarter in a cautious mood on Wednesday as talks between the United States and Iran hit new hurdles, while investors stayed alert for possible Japanese intervention as the yen plumbed fresh 40-year lows.
Wall Street’s main indexes were on course to close June with their strongest quarterly gains in years, highlighting the resilience of equities despite geopolitical challenges.
Asian stocks surged at the end of a sparkling quarter on Tuesday, while a resurgent dollar pushed the yen to a four-decade low and was headed for a fourth straight quarterly rise.
The U.S. economy and the U.S. stock market are starting to go their own ways.
Wall Street’s main indexes gained on Monday as recent hostilities between the U.S. and Iran eased, while Comcast shares soared on plans to split into two companies.
Asian stocks wobbled on Monday after Iran and the United States agreed to halt renewed hostilities that had cast a shadow over an interim peace deal and supported oil prices, while the dollar stood near a one-year high on rate-hike bets.
Jobs data in the coming week will shed light on the U.S. economy’s strength, which could raise prospects for near-term interest rate hikes, adding potential volatility to a stock market already on edge from swings in technology shares.
The S&P 500 and the Nasdaq were on pace for steep weekly losses as chipmakers came under renewed selling pressure on Friday after a stellar run this quarter, with investors questioning high valuations and the repercussions of massive AI spending by companies.
The Nasdaq dropped on Thursday, dragged down by losses in Big Tech shares, while a shift into other sectors lifted the S&P 500 and the Dow.