Global Stock
Wall Street rises as report reveals inflation slowdown
Wall Street experienced some relief after an encouraging report revealed that inflation eased more than anticipated last month, allowing stocks to recover a portion of their steep losses from recent weeks.
The S&P 500 climbed 1% in early trading Wednesday, following a brief dip a day earlier of more than 10% below its record high set last month.
Vision unveils affordable 4D Ultra series air conditioner
The Dow Jones Industrial Average gained 251 points, while the Nasdaq composite rose by 1.8%. Leading the gains were Big Tech stocks, which had previously suffered due to concerns that their valuations had become excessively high in recent years.
Tesla, whose stock price had fallen by more than half since mid-December, rebounded with a 7% increase.
U.S. futures and oil prices showed an upward trend.
France's CAC 40 edged up 0.9% in early trading to 8,014.58, while Germany's DAX jumped 1.5% to 22,644.81, and Britain's FTSE 100 rose 0.5% to 8,542.24. U.S. shares appeared poised to move higher, with Dow futures gaining nearly 0.1% to 41,510.00 and S&P 500 futures climbing 0.6% to 5,610.00.
The escalation of Trump's trade war has unsettled global markets. He increased tariffs on Canadian steel and aluminium, leading Ontario to remove a surcharge that had sparked his ire.
Japan's benchmark Nikkei 225 remained mostly unchanged, rising by less than 0.1% to 36,819.09.
Meanwhile, Hong Kong’s Hang Seng fell 0.9% to 23,566.42, while the Shanghai Composite slipped 0.2% to 3,371.92.
Australia's S&P/ASX 200 dropped 1.3% to 7,786.20, whereas South Korea's Kospi advanced 1.5% to 2,574.82.
Market sentiment remained subdued due to uncertainty over how much economic strain Trump is willing to endure to achieve his objectives.
“Trump’s tariff policies continue to create instability in markets, leaving investors uncertain about which measures will be introduced or revoked next,” said Tim Waterer, chief market analyst at KCM Trade.
Actions taken by Trump and remarks from the White House on Tuesday provided little clarity. White House press secretary Karoline Leavitt stated, “The president will look out for Wall Street and for Main Street.”
Recent market fluctuations have been accompanied by further warning signs regarding the economy, as Trump’s inconsistent tariff implementation generates confusion and pessimism among U.S. households and businesses.
These tariffs have the potential to directly harm the economy by driving up costs for American consumers and disrupting global trade. Even if their impact is less severe than feared, the constant uncertainty may deter U.S. businesses and consumers from investing or spending.
In energy markets, benchmark U.S. crude rose by 34 cents to $66.59 per barrel, while Brent crude, the global standard, increased by 31 cents to $69.87 per barrel.
Stock market trends maintain upward momentum in Dhaka, Chattogram
In currency trading, the U.S. dollar strengthened to 148.50 Japanese yen from 147.78 yen, while the euro inched up to $1.0921 from $1.0919.
29 days ago
Wall Street's sell-off slows a bit on Tuesday
Wall Street’s sell-off is slowing on Tuesday, for now at least, following a scary stretch where worries about the economy and tariffs sent it close to 9% below its all-time high.
The S&P 500 was down 0.3% in early trading. While still a loss, such a modest move would be a respite after the main measure of Wall Street’s health swung by at least 1%, up or down, seven times in the last eight days.
The Dow Jones Industrial Average was down 202 points, or 0.5%, as of 9:35 a.m. Eastern time. A day earlier, it had been down more than 1,100 points at one point. The Nasdaq composite was virtually unchanged.
Several Big Tech stocks held steadier after getting walloped in recent months. Elon Musk’s Tesla rose 1.1%, for example. President Donald Trump even said he would buy a Tesla in a show of support for “Elon’s ‘baby.’ ”
A day earlier, the electric-vehicle company’s stock tumbled 15.4% to deepen its loss for the young year so far to 45%. Trump blamed political opponents who are “trying to illegally and collusively boycott Tesla,” as Musk leads efforts in Washington to cut spending by the federal government.
Other Big Tech superstars, which had led the market to record after record in recent years, also held a bit firmer. Nvidia rose 1.2% to trim its loss for the year so far to 19.3%. It’s struggled as the market’s sell-off has weighed heavily on stocks seen as getting too expensive in Wall Street’s frenzy around artificial-intelligence technology.
Still, warning signals continue to flash about the economy, where Trump’s on -and- off -again rollout of tariffs has caused confusion and pessimism among U.S. households and businesses. The fear is that whipsaw moves will either hurt the economy directly or create enough uncertainty to drive U.S. companies and consumers into an economy-freezing paralysis.
Stocks plunge as Wall Street questions Trump’s economic tolerance
Delta Air Lines said late Monday that it’s already seeing the change in confidence and that demand is waning for close-in bookings for flights. That pushed it to roughly halve its forecast for revenue growth in the first three months of 2025, down to a range of 3% to 4% from a range of 7% to 9%.
Delta’s stock lost 5.2%.
Southwest Airlines also cut its forecast for an important underlying revenue trend, pointing to less government travel, among other reasons. But its stock nevertheless rallied 8.9% after the airline said it would soon begin charging some passengers to check bags and announced changes to encourage its most loyal customers.
Oracle dropped 6.4% after the technology giant reported profit and revenue for the latest quarter that fell short of analysts’ expectations.
In stock markets abroad, indexes were mixed across Europe and Asia.
Stocks rose 0.4% in Shanghai and were nearly unchanged in Hong Kong as China’s annual national congress wrapped up its annual session with some measures to help boost the slowing economy.
In the bond market, Treasury yields held steadier after tumbling in recent months on worries about the U.S. economy. The yield on the 10-year Treasury was holding at 4.22%, where it was late Monday. In January, it was nearing 4.80%.
30 days ago