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Showing posts with the label gains

Stocks mostly hold steady as Wall Street regains stability

Stocks were mixed as Wall Street regains some stability at the tail end of what’s been a turmoil-filled month NEW YORK -- Stocks were mixed Tuesday as Wall Street regains some stability at the tail end of what’s been a turmoil-filled month. The S &P 500 dipped 6.26 points, or 0.2%, to 3,971.27, though the majority of stocks within the index rose. The Dow Jones Industrial Average slipped 37.83, or 0.1,%, to 3,394.25, and the Nasdaq composite fell 52.76, or 0.4%, to 11,716.08. There was relative calm even in the bond market, which has been home to some of Wall Street’s wildest moves since fears flared about the banking system earlier this month. Yields were rising only modestly following their historic-sized moves in prior weeks. This month has been dominated by worries that banks around the world may be cracking under the pressure of much higher interest rates. But some calm has returned to the market recently after regulators made big moves to protect the system. That has much of...

World shares mixed after tech gains power Wall St rally

World stocks are mixed after gains on Wall Street driven by heavy buying of tech shares as investors bet the Federal Reserve will trim its rate hikes as it makes headway in tamping down inflation BANGKOK -- World stocks were mixed Tuesday after a Wall Street rally driven by heavy buying of tech shares as investors bet the Federal Reserve will trim its rate hikes as it makes headway in tamping down inflation. Germany's DAX edged 0.1% lower to 15,086.68 while the CAC 40 in Paris gained 0.2% to 7,024.63. Britain's FTSE 100 slipped 0.4% to 7,751.06. The futures for the S &P 500 and the Dow industrials were 0.1% lower. A preliminary reading for manufacturing in Japan remained steady in January at its lowest level in over two years, with exports declining faster. But the strength in Technology shares helped spur buying of manufacturers like electronics maker Omron, which gained 2.7%, and robot supplier Fanuc Corp., which gained 1.6%. Tokyo's Nikkei 225 index gained 1.5...