News on AIR

September 13, 2023 4:46 PM

Wall Street ends lower as Oracle tumbles on weak forecast

Wall Street stocks ended lower as Oracle shares tumbled more than 13 per cent after a weak forecast and surging oil prices deepened worries about persistent price pressures ahead of crucial inflation readings this week. Oil prices jumped more than one per cent , building on a recent rally and stoking worries that sticky inflation could mean U.S. interest rates stay higher longer in the aftermath of strong economic data. The tech-heavy Nasdaq Composite index fell one percent, the S&P 500 l...

August 30, 2023 8:53 PM

Wall Street indexes end sharply higher after drop in monthly job openings

On Wall Street, key indexes ended sharply higher yesterday (29 August 2023), lifted by Tesla, Nvidia and other mega-cap growth stocks after a drop in monthly job openings cemented expectations of a pause in interest rate hikes by the US Federal Reserve. The Dow Jones Industrial Average added 293 points, or 0.9 percent, to 34,853. The S&P 500 climbed 64 points, or 1.5 percent, to end at 4,498. And the Nasdaq index jumped gained 1.7 percent, to 13,944. The Labor Department's Job...

July 12, 2023 6:11 PM

US stocks rise as JP Morgan and other financial shares gains

U.S. stocks rose yesterday helped by optimism ahead of key inflation reports and as JP Morgan and other financial shares gained. The Dow Jones Industrial Average climbed 0.9 percent, the S&P 500 index gained 0.7 percent and the Nasdaq Composite rose 0.6 percent....