Major U.S. indexes have fallen due to losses in financial stocks and concerns about China's economy, as Fitch Ratings warns of a potential downgrade for the U.S. banking industry's credit rating and JPMorgan highlights a higher risk of corporate defaults in emerging markets.
Asian stock markets rebounded from an eight-day losing streak, supported by a recovery in Chinese shares, while benchmark Treasury yields reached a 16-year high on concerns of sustained high interest rates.
Volatility and rising interest rates have caused a pullback in U.S. equity markets, particularly impacting the technology sector, but investors should not panic as pullbacks are normal in a bull market and present buying opportunities. China's deteriorating economic conditions and weak seasonal trends have also contributed to the selling pressure. However, support is expected to be found in the 4,200 to 4,300 range in the S&P 500, and the Federal Reserve's likely end to the rate-hiking cycle and improved earnings should provide fundamental support for investors to buy the dip.
China's securities regulator has announced a series of measures to revive the country's sinking stock market, including cutting trading costs and supporting share buybacks, despite concerns that these actions will not boost investor confidence unless the economy improves.
Stocks fell on Thursday as strong earnings from Nvidia were overshadowed by comments from the Federal Reserve signaling that interest rates will remain elevated for a long time to combat inflation.
US stocks may be facing further declines as Thursday's selloff, despite strong earnings from Nvidia, suggests that this year's rally may be "exhausted," according to analysts at Morgan Stanley.
The U.S. dollar rebounded from previous losses as investors awaited labor market data for clues on the Federal Reserve's policy path.
Stocks have historically performed poorly in September, with an average loss of 1.12%, but investors should not base their decisions solely on this statistical trend and should focus on buying fundamentally strong companies at reasonable prices.
Despite a decline in August, the US market is still in good shape, with a correction in stocks being viewed as a normal breather rather than the start of a bear market, while various trends and indicators suggest a continuation of the bullish trend.
U.S. stocks ended the week with solid gains, but mixed trading, as traders weigh whether the soft economic data will convince the Federal Reserve to hold off on further rate hikes.
For equity investors, the US stock market remains the best option due to Europe's stagflation crisis and a property downturn in China, which have sparked an investor exodus from those regions.
Most Asian stocks fell on Tuesday due to concerns over slowing growth in China, a property sector meltdown, and hot inflation readings, which raised concerns over higher interest rates. Chinese stocks were the worst performers, with investors growing impatient with Beijing's slow approach to stimulus measures.
U.S. stock futures decline as bond yields rise despite weak economic news from China and Europe.
U.S. stocks slipped as worrying data out of China and a spike in oil prices following the extension of Saudi Arabian production cuts weighed on the market. The Dow Jones Industrial Average fell 0.6%, while the S&P 500 lost 0.4% and the Nasdaq dipped 0.1%.
China's stock market rebound may be temporary as corporate earnings continue to decline and companies revise down their outlooks, causing concern for foreign funds and prompting Bank of America to urge caution.
Stocks fell on Wall Street as concerns about inflation and weakening global demand weighed on investor sentiment, raising doubts about the Federal Reserve's plans to cut interest rates.
US stocks dropped on Wednesday as fears of more Federal Reserve rate hikes circulated, with Big Tech names like Apple and Nvidia dragging major indexes lower. Boston Fed President Susan Collins warned that further policy tightening could be warranted, while the Fed's Beige Book indicated softer activity growth and a cooling labor market in July and August.
US stocks are experiencing their worst performance in September since 1928, but there are signs that the market could avoid a steep downturn this year, with indicators suggesting more stability and positive gains for the rest of the year, according to Mark Hackett, chief of research at US investment firm Nationwide. However, challenges such as elevated oil prices and inflation could put strain on the stock market and the US economy.
U.S. stocks rebounded as the week closed, with tech-heavy Nasdaq Composite and benchmark S&P 500 both up 0.1%, as concerns about higher interest rates were balanced by elevated oil prices and mixed economic data.
U.S stocks are recovering from losses, with the S&P 500 and Dow Jones Industrial Average both up 0.4%, as tech stocks lead the market higher and investors await key data on inflation this week.
US stocks rose as the dollar fell, with technology stocks leading the way, and Treasury Secretary Janet Yellen expressing optimism about a potential soft landing in the economy.
Stocks slump as Oracle and Apple experience losses, with the Nasdaq Composite having its first losing day in three, while Apple's new iPhone 15 and iPhone 15 Pro fail to boost investor interest in the company.
US stocks slumped as reports of China's recovering economy caused concern, potentially impacting global stock exchanges, while the US auto workers' strike and oil price rallies also contributed to market fluctuations.
Stocks fell at the end of a volatile week, with traders taking a step back to assess the week's events and concerns about the triple-witching day, while U.S. crude futures climbed to a 2023 high of $90.77 per barrel, reflecting improving economic data and the potential for $100 oil.
U.S. stocks dropped as enthusiasm for Arm's IPO faded and the United Auto Workers initiated a strike against Detroit's Big Three automakers, with the Nasdaq falling 1.6% and the S&P 500 losing 1.2%.
US stocks finished the week with losses as major indexes failed to build on a Thursday rally, with concerns about the global economy and a historic strike by the United Auto Workers union weighing on investor sentiment.
U.S. stocks slumped amid mixed sentiment about the economy, with only the Dow Jones Industrial Average rising for the week, while European markets and the euro ticked up slightly. Famed investor Ray Dalio advised traders to hold cash as Treasury yields climb, and venture firms Sequoia Capital and Andreessen Horowitz face a significant loss on their investment in Instacart. Disney's potential sale of media assets signifies the end of traditional TV, and the Federal Reserve's meeting this week and FedEx's earnings announcement will provide insight into the global supply chain. U.S. consumer sentiment has edged down, but investors remain upbeat about the outlook for stocks and the economy.
U.S. stocks edge lower as investors await the Federal Reserve's decision on interest rates, with uncertainty surrounding the potential for future rate hikes causing volatility in the market.
U.S. stocks fell and Treasury yields surged ahead of the Federal Reserve's interest rate decision, while Instacart shares surged 12% on their first day of trading on the Nasdaq.