Wall Street Week Ahead: As bear market looms, battered Wall St seeks elusive ‘Fed put’

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, US, March 21, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com register NEW YORK, May 20 (Reuters) – The Federal Reserve’s determination to raise interest rates until it squashes the highest inflation in decades is darkening … Read more

Wall Street ends mixed after punishing week

A trader works on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, US, May 19, 2022. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com register Ross Stores plunges after cutting 2022 forecast S&P 500 +0.01%, Nasdaq -0.30%, Dow +0.03% May 20 (Reuters) – Wall Street ended … Read more

Global markets in “unambiguous contrarian buy territory,” Bank of America says

A man wearing a protective mask, amid the coronavirus disease (COVID-19) outbreak, walks past an electronic board displaying graphs (top) of Nikkei index outside a brokerage in Tokyo, Japan, March 10, 2022. REUTERS/Kim Kyung-Hoon Register now for FREE unlimited access to Reuters.com register LONDON, May 20 (Reuters) – The trillions wiped off global markets in … Read more

Asian shares bounce as China moves to boost housing

FILE PHOTO – An investor stands in front of an electronic board showing stock information at a brokerage house in Shanghai, China, August 24, 2015. REUTERS/Aly Song Register now for FREE unlimited access to Reuters.com register MSCI Asia ex-Japan +1.8%, Nikkei +1.3% European shares set to follow Asia’s lead Equities rally after China cuts loan … Read more

Musk says ‘Tesla is on my mind 24/7’ amid concerns about Twitter distraction

SAN FRANCISCO, May 19 (Reuters) – Tesla (TSLA.O) CEO Elon Musk said on Thursday that “Tesla is on my mind 24/7,” trying to soothe investor worries about him being distracted by a Twitter (TWTR.N) deal that has depressed stocks at the electric car company. Posting a picture showing a woman (Tesla) who is upset by … Read more

Shares slide as global growth fears mount

FILE PHOTO – An investor sits in front of a board showing stock information at a brokerage office in Beijing, China, December 7, 2018. REUTERS/Thomas Peter Register now for FREE unlimited access to Reuters.com register BEIJING/HONG KONG, May 19 (Reuters) – Asian stocks slid on Thursday, tracking a steep Wall Street selloff, as investors worried … Read more

Tesla’s Musk says he ‘can no longer support’ Democrats, ‘will vote Republican’

Elon Musk attends the opening ceremony of the new Tesla Gigafactory for electric cars in Gruenheide, Germany, March 22, 2022. Patrick Pleul/Pool via REUTERS/File Photo Register now for FREE unlimited access to Reuters.com register SAN FRANCISCO, May 18 (Reuters) – Tesla Inc (TSLA.O) CEO Elon Musk said on Wednesday that while he voted for Democrats … Read more

Tesla removed from S&P 500 ESG Index, prompting Musk fury

May 18 (Reuters) – S&P Dow Jones Indices has removed electric carmaker Tesla Inc (TSLA.O) from its widely-followed S&P 500 ESG Index (.SPXESUP), citing issues, including racial discrimination claims and crashes linked to its autopilot vehicles, a move that prompted harsh tweets from Tesla CEO Elon Musk on Wednesday. The back-and-forth underscores the widening debate … Read more

Stock market rebound fizzles, UK inflation hits 40-year high

LONDON, May 18 (Reuters) – A rebound in stocks ran out of steam on Wednesday concerns about the economic growth outlook and rising inflation knocked sentiment, while a UK inflation reading of 9% underlined just how much higher interest rates might be headed. Asian stocks managed to eek out their fourth straight session of gains … Read more

Wall Street ends sharply higher, fueled by Apple

Walmart slides after cutting earnings forecast April retail sales rise in line with estimates S&P 500 +2.02%, Nasdaq +2.76%, Dow +1.34% May 17 (Reuters) – Wall Street finished sharply higher on Tuesday, lifted by Apple, Tesla and other megacap growth stocks after strong retail sales in April eased worries about slowing economic growth. Ten of … Read more