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NEW YORK, United States (AFP) — Wall Street tumbled back into sell-off mode Thursday, with the Dow plunging more than 1,000 points as worries over interest rate hikes continued to drag the market down. The Dow Jones Industrial Average plummeted 4.2 percent to 23,860.46. The broad-based S&P 500 sank 3.8 percent to 2,581.00, while the tech-rich Nasdaq Composite Index plunged 3.9 percent to 6,777.16. With Thursday’s losses, the Dow and S&P 500 have now fallen […]
by John BIERS Agence France Presse NEW YORK, United States (AFP) — A collective sigh of relief swept across global trading floors on Tuesday as bargain hunters swooped in to buy Wall Street stocks, stemming a hemorrhage that had been spreading panic among investors. With Asian and European equity markets plunging, New York stocks started their trading day with another jaw-dropping fall as the Dow index dived nearly three percent, adding to the previous day’s […]
NEW YORK, United States (AFP) — Wall Street stocks endured a brutal session Monday, with the Dow seeing one of its steepest ever one-day point drops, as the heady bullishness of early 2018 gave way to extreme volatility. The Dow Jones Industrial Average tumbled 4.6 percent to 24,345.75, having at one point plummeted nearly 1,600 points to hit a session low of 23,923.88. The broad-based S&P 500 dropped 4.1 percent to 2,648.94, while the tech-rich […]
HONG KONG, China (AFP) — Asian markets tumbled on Monday after US stocks were pummelled at the end of last week, with traders fretting that a surging US economy will lead to sharp interest rate hikes by the Federal Reserve. The selling was also fuelled by profit-taking after a blistering January that saw several indexes strike record or multi-year highs, while tech firms took a hit from disappointing reports by Apple and Google parent Alphabet. […]
WASHINGTON, United States (AFP) – Outgoing Federal Reserve chief Janet Yellen said Friday she did not believe the major gains on Wall Street in recent months qualified as a “bubble,” but nevertheless warned investors to remain cautious. Yellen, who leaves her post on Saturday and will be replaced on Monday by Jerome Powell, made the comments in an interview with PBS television before the Dow closed down more than 650 points, its biggest drop since June 2016. […]
TOKYO, Japan (AFP) — Tokyo stocks opened higher on Thursday, supported by modest gains on Wall Street with investor focus shifting to a number of upcoming corporate earnings announcements. The benchmark Nikkei 225 index, which fell for the sixth straight day on Wednesday, gained 0.70 percent, or 162.57 points, to 23,260.86 in early trade, while the broader Topix index was up 0.59 percent, or 10.88 points, at 1,847.59. The dollar fetched 109.19 yen in Asian […]
HONG KONG, China (AFP) — Asian markets surged Monday as investors tracked last week’s record-breaking end on Wall Street, where the three major indices all hit fresh highs. The rally comes during a strong earnings season, with major companies signalling higher profits in the wake of the tax cuts recently enacted in the United States. With more data from top companies including Alibaba and Google’s parent company Alphabet expected in the coming week, analysts say […]
NEW YORK, United States (AFP) — The US subsidiary of South Korea’s LG Electronics warned retailers on Wednesday that it will raise prices of its washing machines following import duties imposed by the Trump administration this week. It was the first concrete reaction to the trade measures announced this week that have angered US trading partners. “As a result of the trade situation, we will be initiating pricing actions,” Thomas Yoon, executive vice president of […]
NEW YORK, United States (AFP) — A deal to end a three-day government shutdown in Washington sent a jubilant Wall Street to a fresh set of records on Monday, as US stocks continued their seemingly irrepressible upward march. Most other global markets also rose but across the Atlantic results were mixed, with Paris and Frankfurt up while London sagged. Word of the bargain struck among lawmakers in Washington early Monday afternoon sent all three New […]
LOS ANGELES, United States (AFP) – A former employee has accused Michael Douglas of sexual harassment and misconduct in her presence, charges the Oscar-winning Hollywood megastar has vehemently denied. Douglas, 73, is the latest big-name celebrity accused of seamy behavior since a sexual harassment watershed began with the downfall of movie mogul Harvey Weinstein in 2017. The actor — Hollywood royalty as the son of actor Kirk Douglas — “thought he was the king of the world […]
by John BIERS NEW YORK, United States (AFP) — Wall Street stocks pulled back from records and the dollar fell Thursday as anxiety over a possible US government shutdown weighed on investor sentiment. All three major US indices suffered declines, with the Dow dropping the most after ending above 26,000 for the first time on Wednesday. Analysts also cited lofty equity valuations and profit taking as factors in the dip. London slid on a rising […]
HONG KONG, China (AFP) — Asian markets mostly rose Friday after another positive week across trading floors but investors’ desire for more buying was being tested by profit-taking and worries about a possible US government shutdown. Wall Street came off record highs to end lower as Washington lawmakers bicker over a federal funding deal, which must be passed by midnight on Friday US time. The House of Representatives passed a bill on Thursday but there […]
