(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.) * U.S. consumer prices jump most since June 2009 * Megacap growth stocks weigh heaviest * Energy shares gain as crude climbs * Indexes down: Dow 1.99%, S&P 2.14%, Nasdaq 2.67% (Updates with closing prices) By Stephen Culp NEW YORK, May 12 (Reuters) – Wall Street closed lower on Wednesday with the S&P suffering its biggest one-day percentage drop since February, as inflation data fueled… Source link
Read More »US STOCKS-Wall Street mixed as Apple and Tesla retreat
TipRanks JPMorgan Bets on These 3 Stocks; Sees Over 50% Upside Potential It’s time to check in with the macro picture, to get an idea of just where markets are headed in the coming months. That’s what a JPMorgan global research team, headed up by Joyce Chang, has been doing. The JPM team starts by noting the sell-off in US Treasury bonds last week, pushing up yields as investors acted in response to inflationary fears. However, the rise in bond yields steadied on Friday, and Chang’s team… Source link
Read More »US STOCKS-Wall Street drops as stimulus rally cools, Tesla at record high
(For a live blog on the U.S. stock market, click or type LIVE/ in a news window) * Quadruple witching could push up volumes, volatility * All three major indexes set for weekly gains * Retail stocks gain on prospect of strong holiday demand * Tesla rises in high-volume trade * Indexes down: Dow 0.26%, S&P 0.29%, Nasdaq 0.07% (Updates to market open) By Ambar Warrick and Shreyashi Sanyal Dec 18 (Reuters) – Wall Street retreated from record highs on Friday as a coronavirus stimulus deal remained in… Source link
Read More »