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Tag Archives: Wall Street

Weak jobs report weighs on Wall Street, bank shares

Wall Street finished lower on Friday, led down by financial shares, after a surprisingly weak jobs report prompted doubts about the U.S. economy and its ability to sustain a near-term interest rate hike. The U.S. economy created the fewest number of jobs in more than 5-1/2-years in May as manufacturing …

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Wall Street puts finishing touch on best week since March

Wall Street rose on Friday and capped off its strongest week since March after U.S. Federal Reserve Chair Janet Yellen said an interest-rate hike would likely be appropriate “in the coming months.” Yellen’s is the most important voice in a chorus of policymakers recently suggesting that the U.S. economy has …

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Wall Street sells off amid Fed rate hike jitters

Wall Street sold off on Tuesday as investors boosted their bets on the Federal Reserve raising rates later this year, while Home Depot dragged on indexes following its quarterly report. U.S. consumer prices recorded their biggest increase in more than three years in April as gasoline and rents rose. The …

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Wall Street off to a solid start in April

Wall Street extended a seven-week rally on Friday after upbeat U.S. jobs and factory data hinted at stronger corporate earnings without increasing concerns of potential U.S. interest rate hikes. The Labor Department’s report showed solid gains in nonfarm payrolls in March while the unemployment rate rose to 5 percent from …

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Asia edges up to four-month high after Wall Street gains, dollar sags

Asian shares edged up to a four-month high on Thursday, taking cues from Wall Street gains overnight, as receding worries of near-term U.S. interest rate hikes continued to buoy risk sentiment. The dollar hovered near seven-week lows versus the euro, still gripped by cautious comments from Federal Reserve Chair Janet …

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