U.S. stock indexes pulled back on Tuesday to trim some of their stellar gains for the year. The Dow Jones Industrial Average dropped 267 points, or 0.6%, and the Nasdaq composite gave back 0.3% from its record set the day before. Nvidia, the superstar stock that’s been a big reason for Wall Street’s run to repeated records this year, fell 1.2% to weigh on the market.
U.S. stocks closed down on Tuesday and crude prices fell as investors parsed economic data and girded themselves for a series of central bank decisions, including an expected rate cut from the Federal Reserve. Bitcoin forged new record highs and benchmark U.S. Treasury yields steadied ahead of what is expected to be a "hawkish cut" from the U.S. central bank. Aside from the Fed, central banks Japan, Britain, Sweden and Norway are all slated to meet this week.
NEW YORK (Reuters) -U.S. stocks retreated on Tuesday and the Dow dropped for a ninth straight session, as investors exercised caution ahead of the Federal Reserve's last policy announcement of the year after economic data indicated consumer spending remained solid. U.S. retail sales increased more than expected in November, buoyed in part by an acceleration in motor vehicle purchases, consistent with strong underlying momentum in a resilient economy. Investors were largely focused on the Fed's policy announcement on Wednesday, almost completely pricing in an interest rate cut of 25 basis points.
Tesla stock’s end-of-year rampage rolled on, with shares hitting another high based on optimism for Tesla's "autonomous opportunity" and a Trump-controlled executive branch.
Bitcoin ETF inflows have pulled in billions so far this month as cryptocurrency sets new records.
(Bloomberg) -- Gold slipped along with most commodities and equity markets, as traders face a rush of interest-rate decisions by major central banks, including the US Federal Reserve.Most Read from BloombergHow California Sees the World, and ItselfLondon’s Tube Fares Are Set to Rise by 4.6% Next YearBullion traded near $2,640 an ounce, after notching a modest gain in the previous session as investors parsed mixed US data. Activity at US service providers expanded at the fastest pace since Octobe
(Bloomberg) -- Japanese gaming stocks are emerging as unlikely winners from Donald Trump’s election, as tech investors seek less exposure to trade uncertainties swirling around China-dependent chipmaking gear companies.Most Read from BloombergHow California Sees the World, and ItselfLondon’s Tube Fares Are Set to Rise by 4.6% Next YearShares of console and software makers like Sony Group Corp., Nintendo Co. and Capcom Co. have seen double-digit returns since Trump won the US presidential vote in
US cities in the Northeast dominated Zillow's (Z, ZG) list of 10 most-popular markets of 2024 as aff
(Bloomberg) -- Bitcoin reached an all-time high for a second consecutive day, with traders eyeing the $110,000 price level. Most Read from BloombergHow California Sees the World, and ItselfLondon’s Tube Fares Are Set to Rise by 4.6% Next YearThe original cryptocurrency rose as much as 2.1% to $108,315 on Tuesday, before retreating back to its price at the start of the day around $106,000. It has surged more than 150% this year, and traders are increasing bets for further gains in the options mar
(Bloomberg) -- Only a year after having their size clipped in the Nasdaq 100 because they got too big, the world’s largest technology companies may face another pruning when the marquee benchmark rebalances this week.Most Read from BloombergHow California Sees the World, and ItselfLondon’s Tube Fares Are Set to Rise by 4.6% Next YearAt issue are regulations designed to cap the influence of the biggest members in the gauge — rules that have been put under stress after companies like Apple Inc. an
