US stock market

The S&P 500 fell 2.4%, adding to losses after closing out its longest streak of weekly declines since 2011. The Nasdaq Composite tumbled 3.3%, and the Dow Jones ...

- Saks Fifth Avenue:$20 off sitewide + free shipping - Saks Fifth Avenue coupon You may cancel your subscription at anytime by calling Customer Service. The S&P 500 fell 2.6%, adding to losses after closing out its longest streak of weekly declines since 2011.

Dow Jones Industrial Average futures rose by 92 points, or 0.3%. S&P 500 and Nasdaq 100 futures climbed 0.3% and 0.4%, respectively. Shares of AMC and Novavax ...

The broad market index dropped 17% from its 52-week high as Wall Street continued to struggle finding a bottom after last week's losses. The Dow Jones Industrial Average dropped 1.99%, down more than 12% from 52-week highs. Shares of AMC and Novavax made moves after hours on the backs of their most recent quarterly reports. Shares for Tesla dropped more than 9%. Shares for Meta Platforms and Alphabet fell 3.7% and 2.8%, respectively. In after hours trading on Monday, AMC's stock price jumped 4% after the entertainment company reported its "strongest first quarter in two full years" as consumers returned to movie theaters.

All three major indices were pummelled in another ugly trading session. . Read more at straitstimes.com.

Both companies cautioned that a deal was not certain. But Philip Morris International gained 0.9 per cent after it confirmed it was in talks to acquire Swedish Match in a deal that would boost its smokeless offerings. Large tech names continued to retreat with Amazon losing 5.2 per cent and Netflix falling 4.4 per cent. Ten of the 11 sectors in the S&P 500 finished lower, with only the consumer staples group mustering a tiny gain. The broad-based S&P 500 slid 3.2 per cent to 3,991.24, its first close under 4,000 points since March 2021. All three major indices were pummelled in another ugly trading session, with the Dow Jones Industrial Average falling two per cent, or more than 650 points, to end the day at 32,245.70.

Investors are increasingly worried about inflation, a war in Ukraine and China's COVID-19 lockdowns.

While inflation likely peaked in March at 8.5%, the hottest in four decades, price pressures are expected to remain elevated, keeping Fed officials on track to steadily lift borrowing costs in the months ahead. Even if an outright recession is avoided, the outlook for U.S. stocks isn’t particularly bright, according to Goldman Sachs Group Inc. strategists. The rout also spread to energy producers, easily the market’s strongest sector in 2022. Fed Bank of Atlanta President Raphael Bostic told Bloomberg Television he favors policy makers continuing to raise rates by half-point increments rather than doing anything larger. - The yield on 10-year Treasuries declined 10 basis points to 3.03% - The British pound fell 0.1% to $1.2333 Traders will be closely watching a host of central bank speakers this week after Chair Jerome Powell on Wednesday played down the option of 75 basis-point rate hike. - The Nasdaq 100 fell 4% Pandemic-era stars bore the brunt of the selling, with Cathie Wood’s flagship exchange-traded fund sinking about 10% and an ETF tracking newly public companies down the most since the onset of the pandemic. Data Monday showed U.S. consumers project prices in three years to be higher compared with a month ago — a troubling sign for officials trying to keep longer-term expectations anchored. The group plunged over 8% as crude slid. Big tech was not spared, with the likes of Tesla Inc., Amazon.com Inc. and Nvidia Corp. off by at least 5%. The Cboe Volatility Index spiked to its highest in two months.

Stocks pared losses and U.S. equity futures climbed, providing a little respite for global markets from concerns about an economic downturn.

Stocks pared losses and U.S. equity futures climbed, providing a little respite for global markets from concerns about an economic downturn.

The slide in the S&P 500 topped 3%, while the Treasury curve steepened, with the gap between two- and 30-year rates hitting the widest since mid-March as short- ...

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“There is one potential catalyzer this week, that could eventually slow down the market selloff: U.S. inflation data due Wednesday. The consumer price index is ...

A softer inflation is the only thing that could give hope to investors,” said Ipek Ozkardeskaya, senior analyst at Swissquote Bank. The early rise may give traders thought that a so-called “Turnaround Tuesday” may materialize. - Futures on the Nasdaq 100NQ00,increased 189.25 points, or 1.6% to 12383. On Monday, the Dow Jones Industrial Average DJIA, -1.99%fell 654 points, or 1.99%, to 32246, the S&P 500 SPX,declined 132 points, or 3.2%, to 3991, and the Nasdaq Composite COMP,dropped 521 points, or 4.29%, to 11623. - Futures on the S&P 500ES00,gained 40.75 points, or 1%, to 4028. - Futures on the Dow Jones Industrial AverageYM00,rose 279 points, or 0.9% to 32440.