Wall Street rises as Fed signals slowdown in rate hikes

Representative Image Wall Street’s main indexes ended Wednesday with solid gains after the Federal Reserve’s November meeting minutes showed interest rate hikes may slow soon. A “substantial majority” of policymakers agreed it would “likely soon be appropriate” to slow the pace of interest rate hikes, the minutes showed. “What equity markets needed to see for the recent […]

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Wall Street ends down after Target outlook, Micron supply cut

Representative Image Wall Street’s main indexes ended lower on Wednesday as a grim outlook from Target spurred fresh concerns about retailers heading into the crucial holiday season, while semiconductor shares slid after Micron’s supply cut. Shares of Target Corp (TGT.N) tumbled 13.1% after the big-box retailer forecast a surprise drop in holiday-quarter sales. Retail stocks slumped broadly, including declines of […]

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Asian stocks mixed, dollar finds footing as traders assess Fed outlook

Asian stocks were mixed on Thursday while the U.S. dollar stabilized and Treasury yields remained depressed as investors tried to assess the outlook for Federal Reserve policy following stronger-than-expected retail sales data. Renewed expectations the Fed will keep hiking rates have increased concerns about the economic outlook. The U.S. Treasury yield curve remained deeply inverted […]

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Wall Street ends lower after midterm election, CPI in focus

Representative Image Wall Street ended sharply lower on Wednesday as Republican gains in midterm elections appeared more modest than some expected, with investors also focusing on upcoming inflation data that will provide clues about the severity of future interest rate hikes. Republicans were still favored to win control of the House of Representatives but key races were […]

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Wall Street ends sharply higher on sign of cooling inflation

Representative Image The S&P 500 (.SPX) and Nasdaq (.IXIC) jumped on Thursday, racking up their biggest daily percentage gains in over 2-1/2 years as a sign of slowing inflation in October sparked speculation the Federal Reserve might become less aggressive with interest rate hikes. Stocks in sectors across the board surged as the latest consumer price data cheered investors […]

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