Provided by Dow Jones
By Anna Hirtenstein and Akane Otani U.S. stocks soared Thursday, chipping away at losses after suffering their worst three-day decline since late October. The Dow Jones Industrial Average jumped 510 points, or 1.5%, lifted by shares of everything from manufacturers to technology giants. The S&P 500 gained 1.5%, and the Nasdaq Composite climbed 1.5%. Thursday s market moves marked a comeback for U.S. stocks after a jittery start to the week. Signs that inflation may be picking up faster than expected have put investors on edge, pressuring shares in the priciest corners of the market. Data earlier this week showed consumer prices surged higher in April, while a separate report Thursday showed producer prices posted their biggest annual jump since the Bureau of Labor Statistics began tracking the data in 2010.
U.S. stocks rose Thursday, putting major indexes on track to end a three-day losing streak. The Dow Jones Industrial Average rose 102 points, or 0.3%, to 33689 shortly after the opening bell, chipping away at gains after logging its steepest three-day decline since late October. The S&P 500 gained 0.7%, and the Nasdaq Composite jumped 1.2%. Investors have been jittery this week: consumer prices surged higher in April, prompting concerns that the Federal Reserve may move on interest rates or scale back bond purchases sooner than expected. But central bank officials have repeatedly said that they expect any jump in inflation to be transitory. A Fed policy maker on Wednesday said more data would be necessary for the central bank to begin scaling back its easy-money policies.
By Caitlin McCabe, Will Horner and Xie Yu Investors around the world retreated from stocks Tuesday, with a selloff in technology companies spreading to other sectors as concerns about inflation dragged U.S. indexes down for a second consecutive day. The Dow Jones Industrial Average tumbled nearly 475 points as investors pulled back bets on many of the financials, industrials and energy stocks that have outpaced the broader market this year. The fall marked the blue-chip index s steepest one-day decline since late February when worries about a sharp rise in bond yields blunted momentum in the stock market. Concerns about rising inflation have loomed over markets for much of this year as the U.S. economy has heated up, boosted, in part, by pent-up demand and government stimulus. Fears about a sustained jump in inflation have weighed on growth stocks, including those in the tech sector, while cyclical shares have climbed on expectations of a full economic reopening.
Provided by Dow Jones
By Caitlin McCabe, Will Horner and Xie Yu Investors around the world retreated from stocks Tuesday, with a selloff in technology companies spreading to other sectors as concerns about inflation dragged U.S. indexes down for a second consecutive day. The Dow Jones Industrial Average tumbled nearly 475 points as investors pulled back bets on many of the financials, industrials and energy stocks that have outpaced the broader market this year. The fall marked the blue-chip index s steepest one-day decline since late February when worries about a sharp rise in bond yields blunted momentum in the stock market.
Provided by Dow Jones
By Xie Yu A technology-led selloff extended into global markets Tuesday, with concerns about rising interest rates, high valuations and regulatory risk weighing on highflying internet companies. U.S. stock futures fell, suggesting American markets could come under fresh pressure on Tuesday after falling in the previous session. By early afternoon Hong Kong time, Nasdaq 100 futures stood 1.0% lower, while S&P 500 futures declined 0.5%. Asian markets were following their U.S. peers lower as concerns built about quickening inflation, even as U.S. monetary policy was easy and tech shares had grown more expensive, said Grace Tam, chief investment adviser for BNP Paribas Wealth Management in Hong Kong.