Wall Street finishes lower ahead of economic data and earnings

Big bank earnings, CPI data expected later this week US casino operators fall as Macau closes casinos Market-leading growth stocks drag the Nasdaq lower Indices down: Dow 0.52%, S&P 1.15%, Nasdaq 2.26% NEW YORK, July 11 (Reuters) – US stocks lost ground on Monday as a lack of catalysts led market participants to cautiously approach … Read more

Stocks slide ahead of US inflation data, earnings hurdles

People pass an electronic screen showing Japan’s Nikkei stock price index at a conference hall in Tokyo, Japan June 14, 2022. REUTERS/Issei Kato Sign up now for FREE unlimited access to Reuters.com to register European stocks down 1.3%, S&P 500 futures down 0.8% Dollar tops 137 yen ahead of US CPI, inflation expectations The banks … Read more

Macau Shuts Down All Its Casinos To Curb COVID, Gaming Stocks Plunge

Residents wearing face masks queue to get tested for coronavirus disease (COVID-19) in Macau, China, July 4, 2022. REUTERS/John Mak Sign up now for FREE unlimited access to Reuters.com to register More than 30 zones locked down across the city Four rounds of mass COVID testing are planned this week Casinos in Macau have been … Read more

The US labor market is continuing with strong employment growth despite fears of a recession

Non-farm payrolls increase by 372,000 in June Private sector employment back above pre-pandemic levels Unemployment rate remains stable at 3.6% The average hourly wage increases by 0.3%; 5.1% more than in the previous year WASHINGTON, July 8 (Reuters) – US employers hired far more workers than expected in June and continued to steadily hike wages, … Read more

S&P 500, Dow slip as recession fears mount

US May factory orders rise more-than-expected Commodity-linked stocks, bank stocks plummet Indexes down: Dow 1.59%, S&P 1.20%, Nasdaq up 0.09% July 5 (Reuters) – The S&P 500 and Dow fell on Tuesday, and investors worried about the possibility of a recession as central banks around the world take aggressive action to stem a rise in … Read more

World stocks in red as consumers signal an imminent recession

LONDON/TOKYO, June 29 (Reuters) – Global stock markets tumbled for a second straight day on Wednesday and bond yields fell amid growing fears that policymakers bent on curbing inflation are shutting down their economies could precipitate a recession. A string of weak data releases in Europe and the United States hasn’t stopped central bankers from … Read more

Growth stocks drag Nasdaq lower, energy stocks rally

A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., June 22, 2022. REUTERS/Brendan McDermid Sign up now for FREE unlimited access to Reuters.com to register S&P 500 energy stocks are among the few winners Robinhood rises through upgrade from Goldman Sachs Dow flat, S&P up 0.25%, … Read more

Credit Suisse found guilty in cocaine money laundering case

Credit Suisse is the first major Swiss bank to face criminal proceedings Former banker found guilty of qualified money laundering Bank wants to appeal BELLINZONA, Switzerland, June 27 (Reuters) – Credit Suisse (CSGN.S) was convicted by the Swiss Federal Criminal Court on Monday for failing to prevent money laundering by a Bulgarian cocaine trafficking gang … Read more

US new home sales rebound in May; Consumer sentiment at record low

Carpenters work on the construction of new townhouses that are still under construction while building supplies are in high demand in Tampa, Florida, the United States, May 5, 2021. REUTERS/Octavio Jones/File Photo Sign up now for FREE unlimited access to Reuters.com to register New home sales rebounded 10.7% in May; April data revised upwards The … Read more

Stocks rebound, copper extends decline as investors assess recession risk

US stocks sharply higher early Copper falls again, oil higher Treasury yields rise NEW YORK, June 24 (Reuters) – Stocks in global markets soared on Friday, with Wall Street gaining more than 2% and the MSCI Global Index posting a weekly gain after three straight weeks of declines as declining Commodity prices eased inflation concerns. … Read more