US manufacturing sector picks up in May; AMC Entertainment shares jump; data analytics firm Cloudera soars on plans to go private
(Reuters) - Wall Street's main indexes opened higher on Friday as investors shrugged off data showing a jump in inflation, although recent worries about a spike in prices kept the S&P 500 on course for its smallest monthly gain since February.
(Reuters) - The Dow and the S&P 500 opened higher on Thursday after data showing fewer weekly jobless claims pointed to an improving outlook for the U.S. economy.
Investor focus on Thursday will be on the Labor Department's weekly jobless claims report, considered the most timely indicator of economic health.
Investors also geared up for key inflation readings later this week
Bitcoin is now down 48 per cent, from the year's high
Most Asian markets traded weak after the overnight fall in the US markets
Wall Street's main indexes opened higher on Thursday after weekly jobless claims hit their lowest level since the start of a pandemic-led recession
A couple of Fed policymakers raised concerns that inflation will rise to "unwelcome" levels before the case for policy action becomes sufficiently evident.
The Dow Jones Industrial Average fell 6.84 points, or 0.02 per cent, at the open to 34,375.29
Wall Street's major indexes are set for their steepest weekly drop since February after stronger-than-expected inflation data, signs of labor shortage and higher commodity prices
CBOE volatility index eases from 2-month high; energy stocks fall as oil declines over 2%
Shock rise in US CPI stirs fear of Fed tapering; MSCI world equity index down 0.6%, set for fourth straight day of losses
US consumer prices jump more than expected in April; Electronic Arts gains on upbeat revenue forecast
Simon Property drops on bleak outlook; energy stocks fall as oil prices slide
The tankers, booked by Marathon Petroleum, Valero Energy, Phillips 66 and PBF Energy, can hold around 350,000 tonnes of fuel
Hardest hit in the portfolio listed in the fund's May 7 holdings disclosure were two biotech stocks.
Energy stocks rise on US fuel supply disruption fears; tech-heavy Nasdaq Composite Index declined for the first time in three sessions amid the growing anxiety over inflation
(Reuters) - The S&P 500 and the Dow Jones Industrials hit record highs on Friday, while the technology-heavy Nasdaq index jumped after weak U.S. jobs data eased worries about the Federal Reserve reducing its massive stimulus program anytime soon.
Global banks had lost $10 billion after highly leveraged bets from the family office on media stocks like ViacomCBS turned sour.