Latest Stock markets News

Wall Street extends winning streak to 4th week

Aug. 12, 2022 17:00 PM EDT

Wall Street capped a choppy week of trading with a broad stock market rally Friday, as the S&P 500 notched its fourth consecutive weekly gain. The benchmark index closed 1.7% higher, for a 3.3% weekly gain. The S&P 500 hadn't posted such a good stretch since November. ...

How major US stock indexes fared Friday 8/12/2022

Aug. 12, 2022 16:34 PM EDT

Stocks are closing higher on Wall Street, giving the S&P 500 its first 4-week winning streak since November. The benchmark index gained 1.7% Friday, and other indexes also rose. Technology stocks drove much the rally. Energy companies lagged the market as crude oil prices fell. ...

Asian shares mixed after new signs of cooling inflation

Aug. 12, 2022 00:47 AM EDT

BANGKOK (AP) — Shares were mixed Friday in Asia after a muddled day on Wall Street, where benchmarks meandered following another encouraging report about inflation. Tokyo’s Nikkei 225 surged 2.5%, catching up on gains after being closed Thursday for a holiday. Hong Kong and...

How major US stock indexes fared Thursday 8/11/2022

Aug. 11, 2022 16:30 PM EDT

An afternoon pullback left stock indexes on Wall Street mixed Thursday, erasing most of their morning gains fueled by another encouraging report about inflation. The S&P 500 closed 0.1% lower. The Nasdaq also fell, while the Dow Jones Industrial Average rose slightly. Investors weighed new data...

Growth in corporate profits may not be as strong as it seems

Aug. 11, 2022 09:43 AM EDT

NEW YORK (AP) — Wall Street's big gains this summer have been spread widely across industries. The profit growth helping to underpin those gains? Not so much. Roughly 90% of the companies in the S&P 500 have reported their second quarter results, and their earnings per share...

Asian shares track Wall Street gains on cooling inflation

Aug. 11, 2022 00:18 AM EDT

BANGKOK (AP) — Shares advanced Thursday in Asia after benchmarks closed at three-month highs on Wall Street as investors cheered a report showing inflation cooled more than expected in July. Hong Kong, Shanghai and Seoul saw gains of more than 1%. Tokyo was closed for a holiday....

How major US stock indexes fared Wednesday 8/10/2022

Aug. 10, 2022 16:51 PM EDT

Stocks are closing at three-month highs on Wall Street as investors cheered a report showing inflation cooled more than expected in July. The S&P 500 jumped 2.1% Wednesday on expectations that slower inflation will mean the Federal Reserve won’t hike interest rates as much as...

Asian stocks fall ahead of US inflation

Aug. 10, 2022 00:25 AM EDT

BEIJING (AP) — Asian stocks followed Wall Street lower Wednesday ahead of U.S. inflation data that traders worry will show upward pressure on prices still is too strong for the Federal Reserve to ease off interest rate hikes. Shanghai, Tokyo, Hong Kong and Seoul declined. Oil...

How major US stock indexes fared Tuesday 8/09/2022

Aug. 09, 2022 16:25 PM EDT

Stocks are closing lower on Wall Street as disappointing earnings reports weighed on technology and travel companies. The S&P 500, the Dow Jones Industrial Average and the Nasdaq fell. Chipmaker Micron Technology fell after warning investors that revenue could fall short of...

Asian shares mostly decline on global technology downturn

Aug. 08, 2022 23:57 PM EDT

TOKYO (AP) — Asian shares mostly declined Tuesday amid a global fall in technology shares, including Japan's SoftBank, which has reported hefty losses caused by the market downturn. Such worries are coming on top of concerns about inflation and what central banks might do to curb...