Wall Street fell for the fourth straight session on Thursday, weighed down by fi...
- Wall Street fell for the fourth straight session on Thursday, weighed down by financial and technology stocks, as investors were spooked by the European Central Bank’s return to pump-priming loans to stimulate a struggling euro zone economy.
U.S. 10-year Treasury yields ticked lower to hit a one-week low at 2.6465 percent. The interest rate sensitive financial sector dropped 1.21 percent, the most among the S&P sectors weighed by a fall in Wall Street’s big lenders. “ECB is saying we need to prop up the economy by offering cheaper loans and that can only happen when you have a problem with the economy, when the economy is slowing,” Peter Cardillo, chief market economist at Spartan Capital Securities in New York.
“Tech stocks are high-beta and as a result they tend to lead the markets and today happens to be one of the lower days,” said Randy Frederick, vice president of trading and derivatives for Charles Schwab in Austin, Texas.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Stock futures pare losses after ECB pushes out rate hikeFutures pared earlier losses on Thursday to trade slightly higher after the Euro...
Weiterlesen »
U.S. stocks edge downward as Wall Street takes a pauseWall Street's main indexes fell slightly on Thursday as support from better...
Weiterlesen »
Ex-Fed's Dudley: Wall Street should stop blaming the central bank every time stocks dropDudley, who retired from the Fed in June 2018, said the central bank's actions have become a 'convenient whipping boy.'
Weiterlesen »
Nordstrom profit beats Wall Street, helped by discount storesDepartment store operator Nordstrom Inc on Thursday reported better-than-expecte...
Weiterlesen »
This gallery on Black Wall Street is bringing artists together to address Tulsa's racist pastThe series aims to be a platform for artists, especially black artists, to showcase talents. Beyond that, the purpose of the exhibition is to create positive relationships between communities in Tulsa that have long been marred by the city’s racist past
Weiterlesen »
Wall Street futures bounce as focus shifts to inflation, factory dataU.S. stock index futures bounced on Friday, setting up Wall Street's main i...
Weiterlesen »
Wall Street is having its best start to the year in nearly three decadesDecreasing trade tensions with China and less fear about rate hikes from the Federal Reserve have helped push stocks higher.
Weiterlesen »
Gap shares surge 25 percent as Wall Street praises splitGap Inc shares surged 25 percent on Friday as a number of Wall Street analysts l...
Weiterlesen »
Wall Street is having its best start to the year in nearly three decadesDecreasing trade tensions with China and less fear about rate hikes from the Federal Reserve have helped push stocks higher.
Weiterlesen »
Wall Street moves higher on trade optimism after slow weekWall Street's main indexes climbed on Friday, after a quiet week, as strong...
Weiterlesen »