Wall St posts third straight quarterly loss as inflation weighs, recession looms

S&P 500 notches largest September percentage drop in 20 years All three major US stock indexes post three-quarter slumps Core inflation data hotter than expected Indexes down: Dow 1.71%, S&P 1.51%, Nasdaq 1.51% NEW YORK, Sept 30 (Reuters) – The S&P 500 closed the books on its steepest September decline in two decades on Friday, … Read more

Oil settles lower after hitting $ 90 / bbl as OPEC + considers output cut

OPEC + has begun talks on output cut at Oct. 5 meet – OPEC source Russia seen suggesting OPEC + cuts output by 1 mln bpd – source US markets slide on Fed’s aggressive moves to tame inflation US production to return after shutting for Hurricane Ian NEW YORK, Sept 29 (Reuters) – Oil prices … Read more

Growth stocks lead bounce on Wall Street after brutal selloff

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, US, September 26, 2022. REUTERS / Brendan McDermid Register now for FREE unlimited access to Reuters.com Register Major indexes set to snap five-day losing streak Rate-sensitive tech, growth stocks shine Sharp rebound in oil prices boost energy firms Indexes … Read more

Rampant dollar pauses for breath as bears stalk stocks

Register now for FREE unlimited access to Reuters.com Register HONG KONG, Sept 27 (Reuters) – Asian markets attempted to stabilize on Tuesday after a wild few days during which most assets, barring the dollar, fell, with the greenback easing a bit and stocks flat. Sterling, which collapsed to a record low $ 1.0327 on Monday, … Read more

Wall Street ends lower, Dow confirms bear market

Register now for FREE unlimited access to Reuters.com Register Fed rate hikes have investors ‘throwing in the towel’ Casinos jump as Macau allows tour groups after nearly 3 years Indexes: Dow -1.11%, S&P 500 -1.03%, Nasdaq -0.60% Sept 26 (Reuters) – Wall Street slid deeper into a bear market on Monday, with the S&P 500 … Read more

Oil prices fall for a second day on concerns for expected recession

Model of Oil barrels are seen in front of rising stock graph in this illustration, July 24, 2022. REUTERS / Dado Ruvic / Illustration Register now for FREE unlimited access to Reuters.com Register Sept 26 (Reuters) – Oil prices fell for a second day on Monday on fears of lower fuel demand from an expected … Read more

Sterling crumbles to record low, dollar soars on UK fiscal angst

Woman holds British pound banknotes in this illustration taken May 30, 2022. REUTERS / Dado Ruvic / Illustration / Register now for FREE unlimited access to Reuters.com Register TOKYO, Sept 26 (Reuters) – Sterling tumbled to a record trough on Monday as traders scampered for the exits on speculation the new government’s economic plan will … Read more

Sterling collapses as investors fly into dollars

Register now for FREE unlimited access to Reuters.com Register Sterling hits record low; risk of BOE response Euro down 1%; Aussie, kiwi, yuan hit multi year lows S&P 500 futures drop 0.6% SYDNEY, Sept 26 (Reuters) – Sterling slumped to a record low on Monday, prompting speculation of an emergency response from the Bank of … Read more

Wall St Week Ahead Investors wonder when vicious sell-off in US stocks will end

A specialist trader works on the floor of the New York Stock Exchange (NYSE) in New York City, US, September 22, 2022. REUTERS / Brendan McDermid Register now for FREE unlimited access to Reuters.com Register NEW YORK, Sept 23 (Reuters) – A week of heavy selling has rocked US stocks and bonds, and many investors … Read more

Oil plunges to eight-month low on strong dollar, recession fears

A general view shows the oil refinery of the Lukoil company in Volgograd, Russia April 22, 2022. REUTERS / REUTERS PHOTOGRAPHER Register now for FREE unlimited access to Reuters.com Register Brent, WTI down about 5% for week Recession fears weigh as major central banks hike rates Stalled Iran nuclear deal, Ukraine fears cap oil’s losses … Read more