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Stocks Rise on Tech Gains and Hope of Soft Economic Landing as Dollar Drops

  • US stocks rose on Monday as the dollar fell by the most in 2 weeks, boosted by tech stocks and hopes for a soft landing of the economy.

  • Comments from Treasury Secretary Janet Yellen suggesting the economy may achieve a soft landing increased optimism.

  • Ongoing progress on inflation indicates the Fed may pause interest rate hikes at its next meeting.

  • The Chinese yuan bounced back from its 16-year low as the country's central bank vowed to support the currency.

  • Oil prices ticked up, with WTI crude rising to $87.59 a barrel and Brent up to $90.93.

businessinsider.com
Relevant topic timeline:
U.S. stock futures rise as Wall Street attempts to build momentum following positive sessions for Nasdaq Composite and S&P 500.
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Tech stocks led a rally in the stock market, with the Nasdaq Composite gaining 1.6% and the S&P 500 ending a four-day losing streak, despite the rise in Treasury yields; investors will be looking for clues about the US consumer spending and the economy as retailers' earnings reports are expected, and Federal Reserve Chairman Jerome Powell's speech at the Jackson Hole symposium is anticipated for indications on interest rates.
US stocks surged on Tuesday after new jobs data showed a decline in job openings, potentially easing wage pressures and giving the Federal Reserve room to adjust interest rates.
U.S. stocks rose after August jobs data showed a slowdown in the pace of job gains, calming investor concerns about the Federal Reserve raising interest rates, with the Dow Jones Industrial Average rising 0.5%, the S&P 500 up 0.4%, and the Nasdaq Composite gaining 0.3%.
Stocks in Asia rose as investors were encouraged by a report indicating a cooling US jobs market, potentially leading to a slowdown in the Federal Reserve's campaign to raise interest rates and slow the economy.
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%.
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.
Stocks rose on Friday as the Nasdaq rebounded from Apple's recent slide, fueled by speculation that the Federal Reserve may not raise interest rates in September, while concerns about rising energy prices and Apple's market value decline continue to linger.
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.
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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.
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World stocks fell for a fifth straight session and the dollar reached its highest level since March as Treasury yields rose, signaling concerns over higher interest rates and slower economic growth.
U.S. equities fall after the Fed hints at higher interest rates, while homebuilder and Cisco shares decline, and FedEx shares soar.
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The surge in the U.S. dollar may pose a challenge for U.S. stocks as they struggle through a losing September, creating headwinds for U.S. multinationals and tightening financial conditions.
Stocks tumbled as economic data raised concerns about the US economy's future and the Federal Reserve's interest rate hikes.
The US stock markets broke a four-day losing streak with gains in energy and materials sectors, while the Asian markets saw losses with technology stocks declining and concerns about China's property market stability. European markets opened in the red, awaiting economic data and earnings reports. Crude oil and natural gas prices decreased, while gold, silver, and copper prices fell. US futures and the US dollar index were down.
Stocks rose on Friday as investors analyzed the latest inflation data, with the tech-heavy Nasdaq leading the gains, while bonds saw some relief from rate jitters; however, concerns over a US government shutdown and the impact of rising bond yields remain.
U.S. stocks mostly fell as investors considered the latest inflation data from the Federal Reserve, marking the end of a turbulent month for the market.
Stocks mostly fell in the U.S. on Friday, with the S&P 500 and Dow Jones Industrial Average declining, while the Nasdaq Composite inched up; all three indexes ended the month of September in the red, with the S&P and Nasdaq experiencing their worst monthly performance since December, and the Dow having its worst showing since February.
US stock futures rose after a deal was reached to avoid a government shutdown, while Asian equities fluctuated due to concerns over global interest rates; investors found relief in China's manufacturing activity returning to expansion and South Korea's exports easing.
Stocks on Wall Street fell in early trading on Tuesday as rising Treasury yields and hawkish comments from Federal Reserve policymakers dampened investor sentiment. The tech-heavy Nasdaq Composite was down over 1.4%, the Dow Jones Industrial Average tumbled about 0.9%, and the S&P 500 dropped almost 1.1%. Additionally, the number of open jobs in the US increased in August, raising questions about whether the job market is cooling fast enough to satisfy the Federal Reserve as it considers more interest rate hikes to combat inflation.
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The dollar weakened and global equities dipped as investors grappled with U.S. unemployment data suggesting a tight labor market and the Federal Reserve's commitment to higher interest rates, while European stocks rebounded from losses.
Stock futures rose on Friday as investors awaited the release of the monthly US jobs report, which could influence the Federal Reserve's decision on interest rates.
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Despite a 4% spike in oil prices caused by the Israel-Hamas war, U.S. stocks rose on Monday, signaling investor confidence.
Stocks on Wall Street rose on Tuesday as investors were hopeful that the Federal Reserve is done with interest rate hikes, although caution remained due to the escalating Middle East conflict.
U.S. stocks rise as Treasury yields fall and Federal Reserve officials provide favorable commentary, with the Nasdaq Composite leading gains.
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Stocks in the US rose for the third consecutive day as bond yields fell, providing the stock market with renewed momentum amid the Israeli-Hamas conflict.