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Stocks tiptoe higher as US inflation data offers hope streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
(Bloomberg) US equities slumped as the debt ceiling impasse swings into focus dragging on sentiment. The dollar edged higher. The S&P 500 traded down 0.4% on Tuesday while the tech-heavy Nasdaq 100 slid 0.5%. The gauges have been stuck in narrow trading ranges for over a month as traders weigh the potential end of the Federal Reserve’s interest rate hiking cycle against the possibility of an economic slowdown. The Dow Jones Industrial Average bucked the trend eking out a small gain. PacWest Bancorp fell 3.2% as concerns about regional lenders linger. Sentiment was also hurt by a report showing a steep drop in Chinese imports last month, a sign that the economy’s recovery from Covid lockdown isn’t as strong as many had hoped. Oil fell to $72.19 a barrel. Investors are tracking efforts in Washington to end a standoff over the US debt ceiling, with President Joe Biden due to sit down with House Speaker Kevin McCarthy Tuesday as the two face pressure to forge a deal. “The meeting ....
The export-oriented FTSE 100 closed down on Thursday as the pound gained after the Bank of England raised its main lending rate by 25 basis points. The FTSE 100 ended 0.8% down, as the. | March 23, 2023 ....